Income Statement Jiangsu Financial Leasing Co., Ltd.

Equities

600901

CNE100002SX5

Consumer Lending

End-of-day quote Shanghai S.E. Other stock markets 2025-01-24			5-day change	1st Jan Change
5.270 ^CNY	+0.19%		+0.38%	+0.96%

Jan. 14	Jiangsu Financial Leasing Elects Chair	MT
Oct. 28	Jiangsu Financial Leasing Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI

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Published financial data: JIANGSU FINANCIAL LEASING CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	4.5B	5.3B	6.15B	6.71B	7.52B
Interest Expense, Total	1.89B	1.99B	2.56B	2.56B	2.72B
Net Interest Income	2.61B	3.31B	3.59B	4.15B	4.8B
Commission and Fees	496M	495M	418M	208M	352K
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	-	-	-
Other Revenues, Total	8.42M	12.22M	19.37M	25.11M	37.77M
Revenues Before Provison For Loan Losses	3.11B	3.82B	4.03B	4.38B	4.84B
Provision For Loan Losses	683M	925M	794M	639M	691M
Total Revenues	2.43B	2.89B	3.23B	3.74B	4.15B
Cost of Services Provided, Total	311M	376M	408M	476M	629M
Other Operating Expenses	9.79M	6.65M	8.52M	12.63M	22.28M
Total Operating Expenses	321M	383M	416M	488M	651M
Operating Income	2.11B	2.51B	2.82B	3.25B	3.5B
Currency Exchange Gains (Loss)	-	-5.33M	-46.37M	415K	53.85M
Other Non Operating Income (Expenses)	-	-5.66M	-8.87M	-36.59M	-13.94M
EBT, Excl. Unusual Items	2.11B	2.5B	2.76B	3.22B	3.54B
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	28.92K	-	14.12K	97.21K
Other Unusual Items	1.87M	2.24M	379K	-883K	7.33M
EBT, Incl. Unusual Items	2.11B	2.5B	2.76B	3.22B	3.54B
Income Tax Expense	529M	626M	691M	804M	883M
Earnings From Continuing Operations	1.58B	1.88B	2.07B	2.41B	2.66B
Net Income to Company	1.58B	1.88B	2.07B	2.41B	2.66B
Net Income - (IS)	1.58B	1.88B	2.07B	2.41B	2.66B
Net Income to Common Incl Extra Items	1.58B	1.88B	2.07B	2.41B	2.66B
Net Income to Common Excl. Extra Items	1.58B	1.88B	2.07B	2.41B	2.66B
Per Share Items
Net EPS - Basic	0.38	0.45	0.5	0.58	0.63
Basic EPS - Continuing Operations	0.38	0.45	0.5	0.58	0.63
Basic Weighted Average Shares Outstanding	4.18B	4.15B	4.14B	4.15B	4.21B
Net EPS - Diluted	0.38	0.45	0.48	0.46	0.49
Diluted EPS - Continuing Operations	0.38	0.45	0.48	0.46	0.49
Diluted Weighted Average Shares Outstanding	4.18B	4.16B	4.33B	5.54B	5.62B
Normalized Basic EPS	0.32	0.38	0.42	0.48	0.53
Normalized Diluted EPS	0.32	0.38	0.4	0.36	0.39
Dividend Per Share	0.17	0.21	0.25	0.25	0.32
Payout Ratio	59.58	55.37	63.29	56.16	52.79
Supplemental Items
Effective Tax Rate - (Ratio)	25.03	25.02	25.02	25	24.93
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	641M	830M	884M	895M	1.01B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-113M	-204M	-193M	-90.9M	-125M
Normalized Net Income	1.32B	1.56B	1.73B	2.01B	2.21B
Supplemental Operating Expense Items
Stock-Based Comp., COGS (Total)	-	11.45M	13.81M	8.56M	3.83M
Total Stock-Based Compensation	-	11.45M	13.81M	8.56M	3.83M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	467M	502M	2.57B	3.44B	4.61B
Long-Term Investments - (FS Template)	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	4.81M	49.2M
Loans and Lease Receivables - (FS Template)	65.82B	78.26B	93.56B	102B	111B
Other Receivables	52.62M	66.71M	40.35M	26.55M	46.37M
Gross Property Plant And Equipment	510M	509M	633M	800M	857M
Accumulated Depreciation	-59.25M	-82.59M	-103M	-132M	-176M
Net Property Plant And Equipment	451M	426M	530M	668M	680M
Other Intangibles, Total	18.86M	36.22M	51.97M	66.09M	79.14M
Restricted Cash	2.8M	302M	269M	252M	177M
Other Current Assets, Total	864M	797M	1.28B	1.26B	1.93B
Deferred Tax Assets Long-Term (Collected)	540M	744M	820M	911M	1.04B
Deferred Charges Long-Term	11.55M	11.15M	13.63M	13.17M	36.78M
Other Long-Term Assets, Total	131M	142M	166M	150M	121M
Total Assets	68.36B	81.29B	99.31B	109B	120B
Liabilities
Accounts Payable, Total	663M	994M	1.44B	1.17B	2.59B
Accrued Expenses, Total	82.9M	142M	124M	147M	162M
Short-Term Borrowings	3.33B	3.34B	3.08B	3.05B	2.63B
Current Portion of Long-Term Debt	-	5B	500M	-	4.5B
Long-Term Debt	45.1B	50.25B	71.55B	82.39B	87.44B
Long-Term Leases	-	-	2.1M	1.46M	3.94M
Current Income Taxes Payable	231M	331M	335M	285M	295M
Unearned Revenue, Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	10.2M	72.26M	560M	498M	379M
Unearned Revenue Non Current	743M	757M	674M	320M	256M
Other Non Current Liabilities	6.21B	7.39B	6.49B	5.15B	3.82B
Total Liabilities	56.37B	68.28B	84.76B	93.02B	102B
Common Stock, Total	2.99B	2.99B	2.99B	2.99B	4.25B
Additional Paid In Capital	4.32B	4.28B	4.29B	4.3B	3.3B
Retained Earnings	4.69B	5.85B	7.03B	8.4B	10B
Treasury Stock	-	-106M	-97.69M	-59.35M	-24.73M
Comprehensive Income and Other	-	-	342M	345M	330M
Total Common Equity	12B	13.01B	14.55B	15.97B	17.85B
Total Equity	12B	13.01B	14.55B	15.97B	17.85B
Total Liabilities And Equity	68.36B	81.29B	99.31B	109B	120B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.18B	4.18B	4.18B	4.18B	4.24B
ECS Total Common Shares Outstanding	4.18B	4.18B	4.18B	4.18B	4.24B
Book Value / Share	2.87	3.11	3.48	3.82	4.21
Tangible Book Value	11.98B	12.97B	14.5B	15.9B	17.77B
Tangible Book Value Per Share	2.86	3.1	3.47	3.8	4.19
Total Debt	48.43B	58.59B	75.13B	85.44B	94.57B
Net Debt	47.96B	58.09B	72.56B	82B	89.91B
Full Time Employees	315	356	396	447	528
Assets on Operating Lease - Gross	-	6.59M	21.8M	166M	175M
Assets on Operating Lease - Accumulated Depreciation	-	-407K	-2.67M	-7.88M	-21.56M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.58B	1.88B	2.07B	2.41B	2.66B
Depreciation, Depletion & Amortization	24.79M	32.24M	30.96M	39.16M	48.66M
Total Depreciation, Depletion & Amortization	24.79M	32.24M	30.96M	39.16M	48.66M
Amortization of Deferred Charges, Total	2.44M	4.87M	6.41M	8.68M	9.7M
(Gain) Loss On Sale of Asset - (CF)	-	28.92K	-	3.55M	-97.21K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-	-	-	-	-
Provision for Credit Losses	683M	925M	794M	639M	691M
Stock-Based Compensation (CF)	-	11.45M	13.81M	8.56M	3.83M
Change In Deferred Taxes	-113M	-204M	-193M	-90.9M	-125M
Change in Other Net Operating Assets (Collected)	-1.3B	-4.07B	-2.07B	-3.7B	-975M
Other Operating Activities	341M	343M	372M	465M	416M
Cash from Operations	1.22B	-1.08B	1.03B	-213M	2.73B
Capital Expenditure	-41.83M	-44.28M	-194M	-202M	-253M
Sale of Property, Plant, and Equipment	-	-	-	77.53K	162K
Cash Acquisitions	-	55.8K	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-41.83M	-44.22M	-194M	-202M	-253M
Long-Term Debt Issued, Total	2.39B	3B	9B	1.5B	1.5B
Total Debt Issued	2.39B	3B	9B	1.5B	1.5B
Long-Term Debt Repaid, Total	-2.85B	-451M	-5.09B	-501M	-3B
Total Debt Repaid	-2.85B	-451M	-5.09B	-501M	-3B
Issuance of Common Stock	-	113M	-	-	-
Repurchase of Common Stock	-	-165M	-	-	-
Common Dividends Paid	-943M	-1.04B	-1.31B	-1.35B	-1.4B
Common & Preferred Stock Dividends Paid	-943M	-1.04B	-1.31B	-1.35B	-1.4B
Other Financing Activities, Total	-10.24M	-5.88M	-12.5M	-5.2M	-6.45M
Cash from Financing	-1.41B	1.45B	2.58B	-361M	-2.91B
Foreign Exchange Rate Adjustments	-	-	8.83M	5.47M	-3.27M
Net Change in Cash	-232M	328M	3.42B	-771M	-439M
Supplemental Items
Cash Interest Paid	1.51B	1.64B	2.17B	2.43B	2.34B
Cash Income Tax Paid (Refund)	730M	737M	889M	954M	1.01B
Net Debt Issued / Repaid	-458M	2.55B	3.9B	999M	-1.5B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.49	2.51	2.3	2.32	2.32
Return On Equity %	13.76	15.01	15.04	15.8	15.73
Return on Common Equity	13.76	15.01	15.04	15.8	15.73
Margin Analysis
Gross Profit Margin %	87.19	87.01	87.4	87.29	84.84
SG&A Margin	-	-	-	-	-
Income From Continuing Operations Margin %	65.12	64.84	64.07	64.47	64.15
Net Income Margin %	65.12	64.84	64.07	64.47	64.15
Net Avail. For Common Margin %	65.12	64.84	64.07	64.47	64.15
Normalized Net Income Margin	54.24	54	53.39	53.74	53.29
Asset Turnover
Asset Turnover	0.04	0.04	0.04	0.04	0.04
Short Term Liquidity
Current Ratio	15.58	8.09	16.17	20.79	11.18
Quick Ratio	15.37	7.98	15.92	20.49	10.98
Operating Cash Flow to Current Liabilities	0.28	-0.11	0.17	-0.04	0.26
Long Term Solvency
Total Debt/Equity	403.7	450.36	516.29	535.03	529.85
Total Debt / Total Capital	80.15	81.83	83.77	84.25	84.12
LT Debt/Equity	375.96	386.26	491.69	515.92	489.92
Long-Term Debt / Total Capital	74.64	70.18	79.78	81.24	77.78
Total Liabilities / Total Assets	82.45	83.99	85.35	85.35	85.12
Tier 1 Capital Ratio %	15.67	15.6	14.94	14.52	14.55
Total Capital Ratio %	16.83	16.75	16.09	15.66	15.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.31	18.73	11.74	15.64	10.86
Gross Profit, 1 Yr. Growth %	26.85	18.63	12.25	15.49	7.75
Earnings From Cont. Operations, 1 Yr. Growth %	26.56	18.56	10.4	16.36	10.3
Net Income, 1 Yr. Growth %	26.56	18.56	10.4	16.36	10.3
Normalized Net Income, 1 Yr. Growth %	28.15	18.54	10.49	16.39	9.93
Diluted EPS Before Extra, 1 Yr. Growth %	23.28	18.86	6.78	-5.29	0.64
Common Equity, 1 Yr. Growth %	8.89	8.45	11.85	9.75	11.77
Total Assets, 1 Yr. Growth %	15.81	18.91	22.16	9.75	10.03
Tangible Book Value, 1 Yr. Growth %	8.83	8.32	11.76	9.68	11.73
Cash From Operations, 1 Yr. Growth %	-116.3	-188.43	-195.16	-120.78	-1.38K
Capital Expenditures, 1 Yr. Growth %	-57.86	5.85	337.39	4.31	25.11
Dividend Per Share, 1 Yr. Growth %	19.94	25.03	16.66	0	28
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	24.24	21.17	15.18	13.67	13.22
Gross Profit, 2 Yr. CAGR %	25.07	22.78	15.39	13.86	11.55
Earnings From Cont. Operations, 2 Yr. CAGR %	25.16	22.49	14.41	13.34	13.29
Net Income, 2 Yr. CAGR %	25.16	22.49	14.41	13.34	13.29
Normalized Net Income, 2 Yr. CAGR %	25.14	23.25	14.45	13.4	13.12
Diluted EPS Before Extra, 2 Yr. CAGR %	10.94	21.05	12.66	0.57	1.32
Common Equity, 2 Yr. CAGR %	38.57	8.67	10.14	10.79	10.75
Total Assets, 2 Yr. CAGR %	17.32	17.35	20.53	15.79	9.89
Tangible Book Value, 2 Yr. CAGR %	38.58	8.57	10.03	10.72	10.7
Cash From Operations, 2 Yr. CAGR %	3.78	-62.04	-8.27	-55.53	63
Capital Expenditures, 2 Yr. CAGR %	-33.66	-33.21	115.17	113.6	14.24
Dividend Per Share, 2 Yr. CAGR %	41.42	22.46	20.77	8.01	13.14
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	24.19	22.5	17.94	15.33	12.73
Gross Profit, 3 Yr. CAGR %	23.74	22.95	19.16	15.42	11.78
Earnings From Cont. Operations, 3 Yr. CAGR %	24.32	22.92	18.32	15.06	12.32
Net Income, 3 Yr. CAGR %	24.32	22.92	18.32	15.06	12.32
Normalized Net Income, 3 Yr. CAGR %	24.31	22.9	18.84	15.09	12.23
Diluted EPS Before Extra, 3 Yr. CAGR %	14.84	13.52	16.09	6.33	3.11
Common Equity, 3 Yr. CAGR %	30.57	27.7	9.72	10.01	11.12
Total Assets, 3 Yr. CAGR %	17.83	17.85	18.93	16.82	13.84
Tangible Book Value, 3 Yr. CAGR %	30.56	27.66	9.63	9.91	11.05
Cash From Operations, 3 Yr. CAGR %	-4	-1.61	-48.43	-44.08	36.23
Capital Expenditures, 3 Yr. CAGR %	4.23	-22.48	24.96	69.03	78.72
Dividend Per Share, 3 Yr. CAGR %	44.25	35.73	20.5	13.41	14.3
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.52	22.83	20.58	18.89	16.03
Gross Profit, 5 Yr. CAGR %	22.53	21.78	20.37	19.23	16.06
Earnings From Cont. Operations, 5 Yr. CAGR %	21.18	20.71	20.26	19	16.29
Net Income, 5 Yr. CAGR %	21.18	20.71	20.26	19	16.29
Normalized Net Income, 5 Yr. CAGR %	23.47	20.51	20.27	19.01	16.52
Diluted EPS Before Extra, 5 Yr. CAGR %	15.47	15.08	13.96	8.15	9.94
Common Equity, 5 Yr. CAGR %	24.39	22.79	21.97	20.65	10.13
Total Assets, 5 Yr. CAGR %	20.73	19.93	18.9	17.02	15.23
Tangible Book Value, 5 Yr. CAGR %	24.38	22.75	21.92	20.59	10.06
Cash From Operations, 5 Yr. CAGR %	-2.6	11.27	-5.73	-28.39	-18.28
Capital Expenditures, 5 Yr. CAGR %	-25.92	45.71	39.29	16.28	20.55
Dividend Per Share, 5 Yr. CAGR %	-	-	34.36	23.88	17.5