Cash flow Postal Savings Bank of China Co., Ltd.

Equities

1658

CNE1000029W3

Banks

Market Closed - Hong Kong S.E. Other stock markets 03:08:08 2025-01-23 am EST			5-day change	1st Jan Change
4.670 ^HKD	+2.86%		+4.01%	+1.97%

Jan. 22	Postal Savings Bank of China Co., Ltd. Approves Board Elections	CI
Jan. 02	PSBC to Appoint Senior Economist as Chairman	MT

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Published financial data: POSTAL SAVINGS BANK OF CHINA CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	388B	416B	452B	474B	498B
Interest Income, Total	388B	416B	452B	474B	498B
Interest On Deposits	148B	163B	182B	201B	217B
Interest Expense, Total	148B	163B	182B	201B	217B
Net Interest Income	240B	253B	269B	274B	282B
Income From Trading Activities	-	3.26B	-	3.67B	4.46B
Gain (Loss) on Sale of Assets	-3M	-	10M	1M	-10M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-	15.92B	606M	22.48B	26.96B
Income (Loss) on Equity Invest. (Income Block)	-	-	-	3M	18M
Total Other Non Interest Income	36.24B	13.98B	47.84B	35.64B	29.68B
Non Interest Income, Total	36.24B	33.16B	48.46B	61.8B	61.11B
Revenues Before Provison For Loan Losses	276B	287B	318B	335B	343B
Provision For Loan Losses	55.38B	50.4B	46.64B	35.33B	26.17B
Total Revenues	221B	236B	271B	300B	317B
Salaries And Other Employee Benefits	-	51.36B	-	62.88B	64.02B
Occupancy Expense	-	8.08B	-	11.3B	12.13B
Selling General & Admin Expenses, Total	157B	36M	188B	30M	35M
Total Other Non Interest Expense	2.44B	109B	2.62B	134B	149B
Non Operating (Income) Expenses	-1.36B	-	-98M	-	-
Non Interest Expense, Total	158B	168B	191B	209B	225B
EBT, Excl. Unusual Items	63.4B	68.14B	80.58B	91.36B	91.6B
Legal Settlements	-	-	-49M	-	-
Other Unusual Items	345M	-	921M	-	-
EBT, Incl. Unusual Items	63.74B	68.14B	81.45B	91.36B	91.6B
Income Tax Expense	2.71B	3.82B	4.92B	6.01B	5.18B
Earnings From Continuing Operations	61.04B	64.32B	76.53B	85.36B	86.42B
Net Income to Company	61.04B	64.32B	76.53B	85.36B	86.42B
Minority Interest	-103M	-119M	-362M	-131M	-154M
Net Income - (IS)	60.93B	64.2B	76.17B	85.22B	86.27B
Preferred Dividend and Other Adjustments	2.5B	2.58B	5.28B	6.71B	5.32B
Net Income to Common Incl Extra Items	58.43B	61.62B	70.89B	78.52B	80.95B
Net Income to Common Excl. Extra Items	58.43B	61.62B	70.89B	78.52B	80.95B
Per Share Items
Net EPS - Basic	0.72	0.71	0.78	0.85	0.83
Basic EPS - Continuing Operations	0.72	0.71	0.78	0.85	0.83
Basic Weighted Average Shares Outstanding	81.03B	86.91B	91.03B	92.38B	97.53B
Net EPS - Diluted	0.72	0.71	0.78	0.85	0.83
Diluted EPS - Continuing Operations	0.72	0.71	0.78	0.85	0.83
Diluted Weighted Average Shares Outstanding	81.03B	86.91B	91.03B	92.38B	97.53B
Normalized Basic EPS	0.49	0.49	0.55	0.62	0.59
Normalized Diluted EPS	0.49	0.49	0.55	0.62	0.59
Dividend Per Share	0.21	0.21	0.25	0.26	0.26
Payout Ratio	29.86	32.5	34.83	38.21	44.09
American Depositary Receipts Ratio (ADR)	20	20	20	20	20
Supplemental Items
Effective Tax Rate - (Ratio)	4.25	5.6	6.04	6.58	5.65
Current Domestic Taxes	13.94B	9.94B	11.13B	11.26B	3.78B
Total Current Taxes	13.94B	9.94B	11.13B	11.26B	3.78B
Deferred Domestic Taxes	-11.23B	-6.12B	-6.21B	-5.26B	1.4B
Total Deferred Taxes	-11.23B	-6.12B	-6.21B	-5.26B	1.4B
Normalized Net Income	39.52B	42.47B	50B	56.97B	57.1B
Non-Cash Pension Expense	18M	19M	21M	58M	9M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	139B	102B	120B	108B	113B
Investment Securities, Total	3,527B	4,034B	3,948B	4,756B	5,377B
Trading Asset Securities, Total	315B	430B	757B	866B	891B
Total investments	3,842B	4,464B	4,704B	5,622B	6,267B
Gross Loans	5,215B	5,716B	6,692B	7,210B	8,149B
Allowance For Loan Losses	-168B	-204B	-218B	-233B	-234B
Net Loans	5,047B	5,512B	6,474B	6,978B	7,915B
Gross Property Plant And Equipment	88.55B	99.21B	107B	113B	121B
Accumulated Depreciation	-32.6B	-38.18B	-41.79B	-47.55B	-53.57B
Net Property Plant And Equipment	55.95B	61.03B	65.33B	65.75B	67.01B
Other Intangibles, Total	3.74B	2.31B	4.07B	5.41B	6.03B
Investment in Real Estate	544M	45M	28M	8M	5M
Accrued Interest Receivable	970M	3.58B	4.83B	4.91B	4.99B
Other Receivables	4.58B	5.37B	7.16B	7.7B	6.76B
Restricted Cash	1,059B	1,132B	1,119B	1,190B	1,244B
Other Current Assets, Total	2.18B	2.49B	5.72B	6.14B	3.47B
Deferred Tax Assets Long-Term (Collected)	47.24B	53.22B	56.32B	63.96B	62.51B
Other Real Estate Owned And Foreclosed	227M	195M	169M	175M	111M
Deferred Charges Long-Term	1.2B	1.29B	2.57B	4.28B	15.2B
Other Long-Term Assets, Total	11.76B	13.7B	24.24B	11.24B	20.9B
Total Assets	10,217B	11,353B	12,588B	14,067B	15,727B
Liabilities
Accrued Expenses, Total	43.32B	30.03B	37.02B	39.54B	40.22B
Interest Bearing Deposits	9,317B	10,380B	11,367B	12,726B	13,965B
Non-Interest Bearing Deposits	46.19B	65.73B	144B	69.55B	88.5B
Total Deposits	9,363B	10,446B	11,511B	12,795B	14,053B
Short-Term Borrowings	130B	90.8B	99.7B	254B	311B
Current Portion of Long-Term Debt	22.04B	8.01B	1.44B	1.92B	191B
Current Portion of Leases	-	-	3.14B	3.1B	3.06B
Long-Term Debt	74.94B	49.97B	79.98B	99.99B	130B
Long-Term Leases	8.4B	9.28B	6.54B	6.75B	6.21B
Current Income Taxes Payable	8.97B	14.64B	4.27B	2.87B	79M
Accrued Interest Payable	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	1.96B	14M	15.27B	25M	25M
Unearned Revenue Non Current	1.46B	1.75B	1.94B	1.98B	1.79B
Pension & Other Post Retirement Benefits	1.94B	1.28B	1.4B	1.33B	1.1B
Deferred Tax Liability Non-Current	-	-	11M	11M	4M
Other Non Current Liabilities	15.81B	28.64B	30.67B	35.17B	32.1B
Total Liabilities	9,672B	10,680B	11,792B	13,241B	14,770B
Preferred Stock Convertible	47.99B	47.99B	47.99B	-	-
Preferred Stock - Others	-120M	-120M	-120M	-	-
Total Preferred Equity	47.87B	47.87B	47.87B	-	-
Common Stock, Total	86.2B	86.98B	92.38B	92.38B	99.16B
Additional Paid In Capital	97.48B	97.47B	125B	122B	160B
Retained Earnings	310B	353B	406B	462B	518B
Comprehensive Income and Other	2.32B	86.15B	122B	147B	177B
Total Common Equity	496B	624B	746B	824B	955B
Minority Interest	1.01B	1.13B	1.46B	1.59B	1.74B
Total Equity	545B	673B	796B	826B	957B
Total Liabilities And Equity	10,217B	11,353B	12,588B	14,067B	15,727B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	86.2B	86.98B	92.38B	92.38B	99.16B
ECS Total Common Shares Outstanding	86.2B	86.98B	92.38B	92.38B	99.16B
Book Value / Share	5.75	6.25	6.89	7.41	7.92
Tangible Book Value	492B	622B	742B	819B	949B
Tangible Book Value Per Share	5.71	6.23	6.84	7.35	7.85
Average Assets	10,131B	10,966B	12,062B	13,385B	14,968B
Average Loans	4,656B	5,412B	6,133B	6,900B	7,740B
Total Debt	235B	158B	191B	365B	641B
Deposits at Interest - Cash	236B	285B	265B	190B	406B
Debt Equivalent of Unfunded Proj. Benefit Obligation	630M	636M	638M	661M	650M
Net Debt	-392B	-914B	-1,267B	-1,567B	-1,602B
Equity Method Investments, Total	-	-	-	653M	673M
Full Time Employees	174K	178K	178K	180K	182K
Number Of Offices	39.64K	39.63K	39.6K	40K	40K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	60.93B	64.2B	76.17B	85.22B	86.27B
Depreciation, Depletion & Amortization	6.46B	8.08B	7.85B	11.41B	12.13B
Amortization of Goodwill and Intangible Assets - (CF)	420M	-	61M	-	-
Total Depreciation, Depletion & Amortization	6.88B	8.08B	7.91B	11.41B	12.13B
Amortization of Deferred Charges, Total	344M	-	1.12B	-	-
(Gain) Loss On Sale of Asset - (CF)	28M	70M	32M	-1M	10M
(Gain) Loss on Sale of Investments - (CF)	5.19B	-19.33B	-23.44B	-24.02B	-25.78B
Total Asset Writedown	11M	19M	20M	19M	4M
Provision for Credit Losses	47.43B	52.38B	46.64B	37.59B	26.88B
(Income) Loss On Equity Investments - (CF)	-	-	-	-3M	-18M
Change in Trading Asset Securities	-	7.87B	-	58.12B	-19B
Change In Deferred Taxes	-11.23B	-	-6.21B	-	-
Change in Other Net Operating Assets (Collected)	51.1B	-881B	130B	-845B	-917B
Other Operating Activities	-134B	-121B	-122B	-137B	-141B
Cash from Operations	26.44B	-889B	110B	-814B	-978B
Capital Expenditure	-6.73B	-7.57B	-13.85B	-12.4B	-12.96B
Sale of Property, Plant, and Equipment	39M	274M	150M	177M	55M
Investment in Marketable and Equity Securities, Total	-289B	-244B	-309B	-628B	-379B
Other Investing Activities, Total	122B	129B	140B	129B	149B
Cash from Investing	-174B	-122B	-183B	-512B	-242B
Long-Term Debt Issued, Total	52.54B	59.1B	65.48B	40B	494B
Total Debt Issued	52.54B	59.1B	65.48B	40B	494B
Long-Term Debt Repaid, Total	-35.49B	-103B	-46.67B	-23.9B	-339B
Total Debt Repaid	-35.49B	-103B	-46.67B	-23.9B	-339B
Issuance of Common Stock	28.02B	84.2B	60B	30B	75B
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-51.27B	-
Common Dividends Paid	-15.7B	-18.28B	-	-	-
Preferred Dividends Paid	-2.5B	-2.58B	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-26.53B	-32.56B	-38.04B
Common & Preferred Stock Dividends Paid	-18.2B	-20.87B	-26.53B	-32.56B	-38.04B
Net Increase (Decrease) in Deposit Accounts - (CF)	-	1,051B	-	1,289B	1,241B
Other Financing Activities, Total	-3.02B	-3.04B	-18M	-6M	-21M
Cash from Financing	23.86B	1,067B	52.26B	1,251B	1,433B
Foreign Exchange Rate Adjustments	1.34B	-1.27B	-665M	546M	91M
Net Change in Cash	-122B	55.18B	-21.76B	-73.78B	213B
Supplemental Items
Cash Interest Paid	140B	131B	193B	207B	195B
Cash Income Tax Paid (Refund)	33.55B	8.43B	32.51B	12.66B	12.46B
Net Debt Issued / Repaid	17.05B	-43.54B	18.81B	16.1B	155B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.62	0.6	0.64	0.64	0.58
Return On Equity %	11.97	10.56	10.42	10.53	9.7
Return on Common Equity	12.67	11	10.35	10	9.1
Shareholders Value Added	6B	-3B	-5.98B	-9B	-20.48B
Margin Analysis
SG&A Margin	70.83	25.18	69.36	24.73	24.05
Net Interest Income / Total Revenues %	108.66	107.3	99.33	91.18	88.97
EBT Excl. Non-Recurring Items Margin %	28.68	28.85	29.71	30.45	28.92
Income From Continuing Operations Margin %	27.61	27.24	28.22	28.45	27.28
Net Income Margin %	27.56	27.19	28.09	28.4	27.24
Net Avail. For Common Margin %	26.43	26.09	26.14	26.17	25.56
Normalized Net Income Margin	17.88	17.98	18.44	18.99	18.03
Asset quality
Nonperforming Loans / Total Loans %	0.82	0.88	0.79	0.84	0.83
Nonperforming Loans / Total Assets %	0.42	0.44	0.42	0.43	0.43
Nonperforming Assets / Total Assets %	0.42	0.45	0.42	0.43	0.43
NPAs / Loans and OREO	0.83	0.88	0.79	0.84	0.83
NPAs / Equity	7.9	7.51	6.64	7.37	7.06
Allowance for Credit Losses / Net Charge-offs %	-	-	-	-	-
Allowance for Credit Losses / Nonperforming Loans %	391.61	404.82	414.51	383.17	346.35
Allowance for Credit Losses / Total Loans %	3.22	3.57	3.26	3.23	2.87
Net Charge-offs / Total Average Loans %	-	-	-	-	-
Provision for Loan Losses / Net Charge-offs %	-	-	-	-	-
Earning Assets / IBL	103.29	103.64	103.64	101.44	101.37
Interest Income / Average Assets	3.83	3.8	3.74	3.54	3.33
Interest Expense / Average Assets	1.46	1.49	1.51	1.5	1.45
Net Interest Income / Average Assets	2.37	2.31	2.23	2.04	1.88
Non Interest Income / Average Assets	0.36	0.3	0.4	0.46	0.41
Non Interest Expense / Average Asset	1.56	1.53	1.58	1.56	1.5
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.68	5.19	5.72	5.89	5.97
Total Average Equity / Total Average Assets %	5.17	5.65	6.13	6.08	5.98
Total Equity + Allowance for Loan Losses / Total Loans %	13.65	15.32	15.13	14.66	14.58
Gross Loans / Total Deposits %	55.7	54.72	58.14	56.35	57.99
Net Loans / Total Deposits %	53.9	52.77	56.24	54.53	56.32
Tier 1 Capital Ratio %	10.87	11.86	12.39	11.29	11.61
Total Capital Ratio %	13.52	13.88	14.78	13.82	14.23
Core Tier 1 Capital Ratio	9.9	9.6	9.92	9.36	9.53
Tier 2 Capital Ratio	2.65	2.02	2.39	2.53	2.63
Coverage Ratio	382.4	404.77	414.68	382.56	346
Interbank Ratio	259.38	389.33	274.16	227.65	209.03
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.43	1.42	1.45	1.46	1.42
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	2.61	4.41	6.32	1.56	3
Non Interest Income, 1 Yr. Growth %