Balance Sheet Capital Securities Corporation Limited

Equities

601136

CNE100005VG7

Investment Management & Fund Operators

End-of-day quote Shanghai S.E. Other stock markets 12/05/2026			5-day change	1st Jan Change
16.82 ^CNY	-0.06%		+1.20%	-10.48%

05-07	ANZ redeems USD 1 billion ANZ capital securities	RE
04-29	Capital Securities' Q1 Profit Jumps 30%	MT

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Published financial data: CAPITAL SECURITIES CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	1.65B	1.46B	1.57B	1.73B	2.43B
Interest Expense, Total	538M	601M	729M	704M	697M
Net Interest Income	1.11B	857M	845M	1.03B	1.73B
Brokerage Commission	-	-	-	-	-
Gain (Loss) on Sale of Investments, Total (Rev)	172M	-371M	196M	19.13M	-181M
Other Revenues, Total	820M	1.09B	878M	1.36B	973M
Revenues Before Provison For Loan Losses	2.1B	1.57B	1.92B	2.41B	2.52B
Provision For Loan Losses	-163K	6.46K	137K	2.18M	-412K
Total Revenues	2.1B	1.57B	1.92B	2.4B	2.52B
Cost of Services Provided, Total	1B	897M	1.07B	1.23B	1.26B
Provision for Bad Debts	11.64M	-646K	1.26M	21.47M	13.82M
Other Operating Expenses	13.85M	13.23M	12.1M	17.22M	16.38M
Total Operating Expenses	1.03B	910M	1.09B	1.27B	1.29B
Operating Income	1.08B	662M	834M	1.13B	1.23B
Currency Exchange Gains (Loss)	-500K	1.96M	381K	399K	-1.47M
Other Non Operating Income (Expenses)	1.49M	-	-	-	-
EBT, Excl. Unusual Items	1.08B	664M	834M	1.13B	1.23B
Gain (Loss) on Sale of Investments	3.14M	-3.24M	-40.5M	-513K	46.16M
Gain (Loss) on Sale of Assets	239K	210K	-17.32K	39.34K	770K
Asset Writedown	-328K	-817K	-	-	-5.92M
Other Unusual Items	-147K	4.2M	-922K	5.82M	-270K
EBT, Incl. Unusual Items	1.08B	664M	793M	1.14B	1.27B
Income Tax Expense	224M	111M	91.47M	153M	210M
Earnings From Continuing Operations	859M	554M	701M	985M	1.06B
Net Income to Company	859M	554M	701M	985M	1.06B
Minority Interest	-30.62K	-7.92K	-59.54K	-259K	185K
Net Income - (IS)	859M	554M	701M	985M	1.06B
Net Income to Common Incl Extra Items	859M	554M	701M	985M	1.06B
Net Income to Common Excl. Extra Items	859M	554M	701M	985M	1.06B
Per Share Items
Net EPS - Basic	0.35	0.23	0.26	0.36	0.39
Basic EPS - Continuing Operations	0.35	0.23	0.26	0.36	0.39
Basic Weighted Average Shares Outstanding	2.45B	2.41B	2.7B	2.74B	2.71B
Net EPS - Diluted	0.35	0.23	0.26	0.36	0.39
Diluted EPS - Continuing Operations	0.35	0.23	0.26	0.36	0.39
Diluted Weighted Average Shares Outstanding	2.45B	2.41B	2.7B	2.74B	2.71B
Normalized Basic EPS	0.28	0.17	0.19	0.26	0.28
Normalized Diluted EPS	0.28	0.17	0.19	0.26	0.28
Dividend Per Share	-	0.18	0.1	0.15	-
Payout Ratio	42.25	50.61	117.47	79.56	86.72
Supplemental Items
Total Revenues (As Reported)	2.11B	1.59B	1.93B	2.42B	2.53B
Effective Tax Rate - (Ratio)	20.69	16.64	11.54	13.45	16.61
Current Domestic Taxes	155M	-	-	-	-
Total Current Taxes	155M	191M	22.9M	167M	216M
Deferred Domestic Taxes	69.16M	-	-	-	-
Total Deferred Taxes	69.16M	-80.51M	68.57M	-14.21M	-5.27M
Normalized Net Income	675M	415M	521M	708M	766M
Non-Cash Pension Expense	433K	371K	1.61M	3.42M	4.23M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.22B	2.18B	2.25B	1.43B	1.66B
Cash & Securities Segregated	4.61B	4.27B	4.29B	6B	6.83B
Securities Purchased Under Agreements To Resell	934M	466M	354M	93.36M	66.32M
Other Receivables	2.88B	2.46B	3.1B	3.73B	4.24B
Gross Property Plant And Equipment	511M	541M	550M	578M	690M
Accumulated Depreciation	-104M	-132M	-179M	-224M	-274M
Net Property Plant And Equipment	407M	409M	371M	354M	416M
Goodwill	126M	126M	126M	126M	126M
Other Intangibles, Total	80.29M	114M	153M	192M	213M
Investment In Debt and Equity Securities	6.11B	9.56B	11.27B	11.53B	14.94B
Trading Asset Securities, Total	11.83B	16.39B	18.02B	19.06B	18.73B
Other Current Assets, Total	2.4B	2.65B	2.26B	3.36B	4.17B
Deferred Tax Assets Long-Term (Collected)	112M	156M	64.37M	17.87M	24.27M
Deferred Charges Long-Term	9.7M	42.2M	35.59M	30.52M	22.4M
Other Long-Term Assets, Total	883M	912M	912M	935M	932M
Total Assets	32.6B	39.73B	43.2B	46.86B	52.38B
Liabilities
Accounts Payable, Total	14.03M	23.23M	74.49M	149M	103M
Accrued Expenses, Total	6.03B	5.96B	5.84B	8.01B	9.26B
Short-Term Borrowings	10.75B	12.98B	13.72B	11.29B	10.15B
Current Portion of Long-Term Debt	750M	803M	915M	1.54B	2.94B
Current Portion of Leases	28.66M	77.93M	68.8M	95.69M	69.32M
Long-Term Debt	4.37B	6.21B	9.05B	10.46B	14.82B
Long-Term Leases	381M	330M	308M	285M	247M
Current Income Taxes Payable	-	43.29M	2.38M	17.11M	30.65M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	356M	1.01B	724M	1.31B	860M
Unearned Revenue Non Current	25.85M	14.03M	16.22M	16.64M	21.25M
Pension & Other Post Retirement Benefits	980K	1.08M	1.11M	1.1M	1.13M
Deferred Tax Liability Non-Current	65.39M	15.44M	12.7M	58.78M	75.88M
Other Non Current Liabilities	97.02M	141M	109M	387M	26.84M
Total Liabilities	22.87B	27.62B	30.84B	33.61B	38.61B
Common Stock, Total	2.46B	2.73B	2.73B	2.73B	2.73B
Additional Paid In Capital	5.19B	6.79B	6.79B	6.79B	6.79B
Retained Earnings	2.06B	2.61B	2.8B	3.36B	3.84B
Comprehensive Income and Other	8.12M	-32.39M	23.82M	345M	392M
Total Common Equity	9.71B	12.1B	12.35B	13.23B	13.76B
Minority Interest	15.58M	15.58M	15.64M	15.9M	15.72M
Total Equity	9.73B	12.11B	12.36B	13.25B	13.77B
Total Liabilities And Equity	32.6B	39.73B	43.2B	46.86B	52.38B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.46B	2.73B	2.73B	2.73B	2.73B
ECS Total Common Shares Outstanding	2.46B	2.73B	2.73B	2.73B	2.73B
Book Value / Share	3.95	4.43	4.52	4.84	5.03
Tangible Book Value	9.51B	11.86B	12.07B	12.91B	13.42B
Tangible Book Value Per Share	3.87	4.34	4.42	4.72	4.91
Total Debt	16.28B	20.4B	24.06B	23.66B	28.23B
Net Debt	-3.31B	-2.9B	-854M	-2.91B	935M
Equity Method Investments, Total	883M	912M	895M	898M	922M
Full Time Employees	-	1.56K	1.76K	1.64K	1.71K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	859M	554M	701M	985M	1.06B
Depreciation, Depletion & Amortization	59.71M	69.58M	71.56M	77.87M	76.24M
Amortization of Goodwill and Intangible Assets - (CF)	50K	50K	25K	16.68K	-
Total Depreciation, Depletion & Amortization	59.76M	69.63M	71.59M	77.89M	76.24M
Amortization of Deferred Charges, Total	13.23M	24.13M	30.25M	37.75M	41.39M
(Gain) Loss On Sale of Asset - (CF)	-237K	-210K	-65.33K	-146K	-826K
(Gain) Loss on Sale of Investments - (CF)	-274M	252M	-280M	-373M	-323M
Total Asset Writedown	326K	817K	82.65K	106K	5.97M
Provision for Credit Losses	8.33M	6.46K	137K	2.18M	-412K
Provision and Write-off of Bad Debts	-	-646K	1.26M	21.47M	13.82M
Change in Trading Asset Securities	-	-4.27B	-1.86B	-	-
Change in Accounts Receivable	437M	854M	-251M	-1.25B	-2.04B
Change in Accounts Payable	2.7B	3.22B	787M	784M	1.8B
Change In Deferred Taxes	68.8M	-80.32M	68.57M	-14.49M	10.7M
Change in Other Net Operating Assets (Collected)	-3.61B	-	-	-	-
Other Operating Activities	280M	106M	63.8M	145M	104M
Cash from Operations	539M	734M	-665M	414M	738M
Capital Expenditure	-93.5M	-109M	-82.34M	-100M	-179M
Sale of Property, Plant, and Equipment	341K	159K	349K	36.89K	34.76K
Investment in Marketable and Equity Securities, Total	-1.87B	-3.63B	-1.78B	154M	-3.69B
Other Investing Activities, Total	315M	463M	588M	743M	802M
Cash from Investing	-1.65B	-3.28B	-1.27B	796M	-3.07B
Long-Term Debt Issued, Total	5.88B	4.99B	4.94B	7.36B	11.98B
Total Debt Issued	5.88B	4.99B	4.94B	7.36B	11.98B
Long-Term Debt Repaid, Total	-3.76B	-4.21B	-2.21B	-5.78B	-8.36B
Total Debt Repaid	-3.76B	-4.21B	-2.21B	-5.78B	-8.36B
Issuance of Common Stock	-	1.89B	-	-	-
Common Dividends Paid	-363M	-280M	-824M	-784M	-916M
Common & Preferred Stock Dividends Paid	-363M	-280M	-824M	-784M	-916M
Other Financing Activities, Total	-15.97M	-13.04M	-10.37M	-8.51M	-32.65M
Cash from Financing	1.74B	2.37B	1.9B	792M	2.67B
Foreign Exchange Rate Adjustments	-500K	1.96M	381K	399K	-1.47M
Net Change in Cash	626M	-168M	-34.82M	2B	341M
Supplemental Items
Cash Interest Paid	643M	615M	708M	792M	740M
Cash Income Tax Paid (Refund)	380M	279M	190M	253M	340M
Net Debt Issued / Repaid	2.12B	781M	2.73B	1.58B	3.62B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.91	1.53	1.69	2.19	2.13
Return On Equity %	9.19	5.07	5.73	7.69	7.82
Return on Common Equity	9.21	5.08	5.74	7.7	7.83
Margin Analysis
Gross Profit Margin %	52.92	43.95	45	49.86	51.16
SG&A Margin	0.45	1.04	0.85	1.14	1.3
Income From Continuing Operations Margin %	40.8	35.22	36.54	40.98	41.88
Net Income Margin %	40.8	35.22	36.53	40.96	41.89
Net Avail. For Common Margin %	40.8	35.22	36.53	40.96	41.89
Normalized Net Income Margin	32.07	26.39	27.16	29.44	30.39
Asset Turnover
Asset Turnover	0.07	0.04	0.05	0.05	0.05
Short Term Liquidity
Current Ratio	1.39	1.36	1.42	1.5	1.52
Quick Ratio	1.25	1.23	1.31	1.35	1.35
Operating Cash Flow to Current Liabilities	0.03	0.04	-0.03	0.02	0.03
Long Term Solvency
Total Debt/Equity	167.33	168.44	194.63	178.66	204.97
Total Debt / Total Capital	62.59	62.75	66.06	64.11	67.21
LT Debt/Equity	48.82	53.99	75.68	81.12	109.41
Long-Term Debt / Total Capital	18.26	20.11	25.69	29.11	35.88
Total Liabilities / Total Assets	70.15	69.51	71.38	71.73	73.71
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.25	-25.32	22.1	25.29	4.9
Gross Profit, 1 Yr. Growth %	30.88	-38	25.01	38.25	7.65
Earnings From Cont. Operations, 1 Yr. Growth %	40.43	-35.54	26.34	40.51	7.21
Net Income, 1 Yr. Growth %	40.61	-35.53	26.33	40.49	7.26
Normalized Net Income, 1 Yr. Growth %	30.5	-38.42	25.65	35.81	8.27
Diluted EPS Before Extra, 1 Yr. Growth %	-7.89	-34.29	13.04	38.46	8.33
Common Equity, 1 Yr. Growth %	8.75	24.52	2.08	7.15	3.98
Total Assets, 1 Yr. Growth %	23.2	21.87	8.49	8.46	11.79
Tangible Book Value, 1 Yr. Growth %	8.71	24.7	1.79	6.99	3.91
Cash From Operations, 1 Yr. Growth %	-77.98	36.09	-190.62	-162.2	78.4
Capital Expenditures, 1 Yr. Growth %	276.38	16.75	-24.57	21.88	78.37
Dividend Per Share, 1 Yr. Growth %	-	-	-45.95	50	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	25.48	-2.52	-4.51	23.69	14.64
Gross Profit, 2 Yr. CAGR %	33.88	-9.91	-11.96	31.74	22
Earnings From Cont. Operations, 2 Yr. CAGR %	40.68	-4.85	-9.64	33.24	22.74
Net Income, 2 Yr. CAGR %	40.66	-4.79	-9.64	33.22	22.76
Normalized Net Income, 2 Yr. CAGR %	32.86	-10.44	-12.04	30.63	21.26
Diluted EPS Before Extra, 2 Yr. CAGR %	2.99	-22.2	-13.81	25.11	22.47
Common Equity, 2 Yr. CAGR %	47.26	16.37	12.74	4.58	5.55
Total Assets, 2 Yr. CAGR %	26.9	22.53	15.12	8.47	10.11
Tangible Book Value, 2 Yr. CAGR %	48.68	16.43	12.66	4.36	5.44
Cash From Operations, 2 Yr. CAGR %	14.24	-45.26	11.05	-24.92	5.34
Capital Expenditures, 2 Yr. CAGR %	149.67	109.62	-6.16	-4.12	47.44
Dividend Per Share, 2 Yr. CAGR %	-	112.42	-	-9.96	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	37.26	5.55	5.08	4.54	17.08
Gross Profit, 3 Yr. CAGR %	54.07	3.59	0.49	2.48	23.16
Earnings From Cont. Operations, 3 Yr. CAGR %	66.59	8.46	4.67	4.69	23.93
Net Income, 3 Yr. CAGR %	66.64	8.45	4.71	4.68	23.94
Normalized Net Income, 3 Yr. CAGR %	66.13	2.76	0.26	1.67	22.71
Diluted EPS Before Extra, 3 Yr. CAGR %	7.03	-11.34	-11.88	0.94	19.25
Common Equity, 3 Yr. CAGR %	33.53	39.25	11.39	10.84	4.38
Total Assets, 3 Yr. CAGR %	20.03	25.2	17.75	12.85	9.57
Tangible Book Value, 3 Yr. CAGR %	34.56	40.21	11.33	10.74	4.21
Cash From Operations, 3 Yr. CAGR %	-34.07	21.1	-35.24	-8.46	0.18
Capital Expenditures, 3 Yr. CAGR %	69.97	93.79	49.1	2.39	17.92
Dividend Per Share, 3 Yr. CAGR %	-	-	34.61	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.82	11.08	18.72	12.46	8.81
Gross Profit, 5 Yr. CAGR %	13.67	10.37	23.17	14.04	8.68
Earnings From Cont. Operations, 5 Yr. CAGR %	14.94	11.91	30.43	17.82	11.55
Net Income, 5 Yr. CAGR %	14.94	11.9	30.45	17.81	11.59
Normalized Net Income, 5 Yr. CAGR %	16.56	11.62	28.77	13.11	8.19
Diluted EPS Before Extra, 5 Yr. CAGR %	-11.87	-	-1.85	1.76	0.52
Common Equity, 5 Yr. CAGR %	21.36	25.35	24.79	24.18	9.02
Total Assets, 5 Yr. CAGR %	11.16	16.06	18.04	18.27	14.63
Tangible Book Value, 5 Yr. CAGR %	22.01	26.03	25.33	24.59	8.93
Cash From Operations, 5 Yr. CAGR %	-23.84	-2.56	-18.78	0.02	-21.33
Capital Expenditures, 5 Yr. CAGR %	42.91	40.54	34.02	46.25	48.43