Financials Postal Savings Bank of China Co., Ltd.

Equities

Delayed Hong Kong S.E. Other stock markets 08:53:45 2025-01-21 pm EST			5-day change	1st Jan Change
4.570 ^HKD	-1.08%		+1.78%	-0.22%

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

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	276,809	286,202	318,762	334,956	342,912	347,202	360,454	380,516
Change	-	3.39%	11.38%	5.08%	2.38%	1.25%	3.82%	5.57%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	117,772	67,757	81,405	91,184	117,770	122,701	127,914	137,602
Change	-	-42.47%	20.14%	12.01%	29.16%	4.19%	4.25%	7.57%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	63,745	68,136	81,454	91,364	91,599	93,421	95,729	99,881
Change	-	6.89%	19.55%	12.17%	0.26%	1.99%	2.47%	4.34%
Net income ¹	60,933	64,199	76,170	85,224	86,270	86,734	89,356	93,562
Change	-	5.36%	18.65%	11.89%	1.23%	0.54%	3.02%	4.71%
Announcement Date	3/25/20	3/29/21	3/30/22	3/30/23	3/28/24	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	66,558	72,250	74,235	70,042	69,939	77,383	80,270	80,761	80,404	-	88,379	-	-	88,242	88,813	83,146	82,790	89,430	87,489	83,560	82,721	89,891	89,223	84,974
Change	-	8.55%	2.75%	-5.65%	-0.15%	10.64%	3.73%	0.61%	-0.44%	-100%	-	-100%	-	-	0.65%	-6.38%	-0.43%	8.02%	-2.17%	-4.49%	-1%	8.67%	-0.74%	-4.76%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	20,332	-	35,727	-	20,610	-	38,587	34,418	9,101	-	39,408	-	12,660	38,085	25,226	28,123	13,781	35,689	24,641	29,694	14,835	35,956	34,793	33,101
Change	-	-100%	-	-100%	-	-100%	-	-10.8%	-73.56%	-100%	-	-100%	-	200.83%	-33.76%	11.48%	-51%	158.97%	-30.96%	20.51%	-50.04%	142.37%	-3.23%	-4.86%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	4,799	-	13,565	-	-	-	21,527	-	-	-	23,900	-	8,786	-	25,267	28,109	8,759	28,760	-	29,748	-	-	-	-
Change	-	-100%	-	-100%	-	-	-	-100%	-	-	-	-100%	-	-100%	-	11.25%	-68.84%	228.35%	-100%	-	-100%	-	-	-
Net income	6,645	-	13,564	19,186	-	-	19,809	23,581	-	24,977	22,137	26,735	11,375	-	23,284	26,091	10,615	25,926	-	27,003	-	-	-	-
Change	-	-100%	-	41.45%	-100%	-	-	19.04%	-100%	-	-11.37%	20.77%	-57.45%	-100%	-	12.06%	-59.32%	144.24%	-100%	-	-100%	-	-	-
Announcement Date	3/25/20	4/28/20	8/30/20	10/29/20	3/29/21	5/24/21	8/27/21	10/28/21	3/30/22	4/29/22	8/22/22	10/26/22	3/30/23	4/27/23	8/30/23	10/27/23	3/28/24	4/29/24	8/30/24	10/30/24	-	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2023 S1
Net sales	146,485	140,052	157,653	161,454	173,635	-
Change	-	-4.39%	12.57%	2.41%	7.54%	-100%
EBITDA	-	-	-	-	-	-
Change	-	-	-	-	-	-
EBIT ¹	69,821	-	-	52,899	79,801	74,048
Change	-	-100%	-	-	50.86%	-7.21%
Charge d'intérêts	-	-	-	-	-	-
Earnings before Tax (EBT)	36,227	-	-	-	52,693	-
Change	-	-100%	-	-	-	-100%
Net income	33,658	-	41,010	-	47,114	-
Change	-	-100%	-	-100%	-	-100%
Announcement Date	8/30/20	3/29/21	8/27/21	3/30/22	8/22/22	8/30/23

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	3/25/20	3/29/21	3/30/22	3/30/23	3/28/24	-	-	-

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023
CAPEX ¹	6,328	6,734	7,571	13,853	12,402	12,963
Change	-	6.42%	12.43%	82.97%	-10.47%	4.52%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/26/19	3/25/20	3/29/21	3/30/22	3/30/23	3/28/24

¹CNY in Million

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	42.55%	23.67%	25.54%	27.22%	34.34%	35.34%	35.49%	36.16%
EBT Margin (%)	-	23.03%	23.81%	25.55%	27.28%	26.71%	26.91%	26.56%	26.25%
Net margin (%)	-	22.01%	22.43%	23.9%	25.44%	25.16%	24.98%	24.79%	24.59%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.62%	0.6%	0.64%	0.64%	0.58%	0.52%	0.49%	0.48%
ROE	-	13.1%	11.84%	10.39%	11.89%	10.85%	9.87%	9.43%	9.29%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.2102	0.2085	0.2474	-	0.261	0.2612	0.2675	0.2801
Change	-	-	-0.81%	18.66%	-	-	0.08%	2.41%	4.7%
Book Value Per Share ¹	-	5.75	6.25	8.596	-	9.63	8.91	9.548	10.11
Change	-	-	8.7%	37.53%	-	-	-7.48%	7.16%	5.86%
EPS ¹	-	0.72	0.71	0.78	0.85	0.83	0.8308	0.8451	0.8918
Change	-	-	-1.39%	9.86%	8.97%	-2.35%	0.09%	1.72%	5.53%
Nbr of stocks (in thousands)	-	86,202,738	86,978,562	92,383,968	92,383,968	99,161,076	99,161,076	99,161,076	99,161,076
Announcement Date	-	3/25/20	3/29/21	3/30/22	3/30/23	3/28/24	-	-	-