Balance Sheet Capital Securities Corporation Limited

Equities

601136

CNE100005VG7

Investment Management & Fund Operators

End-of-day quote Shanghai S.E. Other stock markets 16/07/2025			5-day change	1st Jan Change
19.80 ^CNY	+0.15%		+0.35%	-10.00%

07-08	Rizal Commercial Banking to Redeem $300 Million Capital Securities	MT
07-07	Capital Securities Logs NT$698 Million Profit in June	MT

2b7e602fb4f17a2a2b882e.VSpUVRDOBruAH277wAaatgq9fwNfaHmog-5WkG-SGHo.Y0gcJGjjMOS2dT--8lPM6U_MCXM7JCrw4oUG_iGgUB4jXQEXJfdZ8LEyAQ

Published financial data: CAPITAL SECURITIES CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	1.2B	1.65B	1.46B	1.57B	1.73B
Interest Expense, Total	462M	538M	601M	729M	704M
Net Interest Income	737M	1.11B	857M	845M	1.03B
Brokerage Commission	-	-	-	-	-
Gain (Loss) on Sale of Investments, Total (Rev)	-3.38M	172M	-371M	196M	19.13M
Other Revenues, Total	920M	820M	1.09B	878M	1.36B
Revenues Before Provison For Loan Losses	1.65B	2.1B	1.57B	1.92B	2.41B
Provision For Loan Losses	-18.96K	-163K	6.46K	137K	2.18M
Total Revenues	1.65B	2.1B	1.57B	1.92B	2.4B
Cost of Services Provided, Total	809M	1B	897M	1.07B	1.23B
Provision for Bad Debts	1.66M	11.64M	-646K	1.26M	21.47M
Other Operating Expenses	11.06M	13.85M	13.23M	12.1M	17.22M
Total Operating Expenses	821M	1.03B	910M	1.09B	1.27B
Operating Income	832M	1.08B	662M	834M	1.13B
Currency Exchange Gains (Loss)	-1.39M	-500K	1.96M	381K	399K
Other Non Operating Income (Expenses)	1.32M	1.49M	-	-	-
EBT, Excl. Unusual Items	832M	1.08B	664M	834M	1.13B
Gain (Loss) on Sale of Investments	-38.24M	3.14M	-3.24M	-40.5M	-513K
Gain (Loss) on Sale of Assets	735K	239K	210K	-17.32K	39.34K
Asset Writedown	-167K	-328K	-817K	-	-
Other Unusual Items	-9.09M	-147K	4.2M	-922K	5.82M
EBT, Incl. Unusual Items	785M	1.08B	664M	793M	1.14B
Income Tax Expense	174M	224M	111M	91.47M	153M
Earnings From Continuing Operations	611M	859M	554M	701M	985M
Net Income to Company	611M	859M	554M	701M	985M
Minority Interest	-806K	-30.62K	-7.92K	-59.54K	-259K
Net Income - (IS)	611M	859M	554M	701M	985M
Net Income to Common Incl Extra Items	611M	859M	554M	701M	985M
Net Income to Common Excl. Extra Items	611M	859M	554M	701M	985M
Per Share Items
Net EPS - Basic	0.38	0.35	0.23	0.26	0.36
Basic EPS - Continuing Operations	0.38	0.35	0.23	0.26	0.36
Basic Weighted Average Shares Outstanding	1.61B	2.45B	2.41B	2.7B	2.74B
Net EPS - Diluted	0.38	0.35	0.23	0.26	0.36
Diluted EPS - Continuing Operations	0.38	0.35	0.23	0.26	0.36
Diluted Weighted Average Shares Outstanding	1.61B	2.45B	2.41B	2.7B	2.74B
Normalized Basic EPS	0.32	0.28	0.17	0.19	0.26
Normalized Diluted EPS	0.32	0.28	0.17	0.19	0.26
Dividend Per Share	0.04	-	0.18	0.1	0.15
Payout Ratio	70.2	42.25	50.61	117.47	79.56
Supplemental Items
Total Revenues (As Reported)	1.66B	2.11B	1.59B	1.93B	2.42B
Effective Tax Rate - (Ratio)	22.17	20.69	16.64	11.54	13.45
Current Domestic Taxes	234M	155M	-	-	-
Total Current Taxes	234M	155M	191M	22.9M	167M
Deferred Domestic Taxes	-59.52M	69.16M	-	-	-
Total Deferred Taxes	-59.52M	69.16M	-80.51M	68.57M	-14.21M
Normalized Net Income	519M	675M	415M	521M	708M
Non-Cash Pension Expense	176K	433K	371K	1.61M	3.42M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.36B	2.22B	2.18B	2.25B	1.43B
Cash & Securities Segregated	4.34B	4.61B	4.27B	4.29B	6B
Securities Purchased Under Agreements To Resell	1.74B	934M	466M	354M	93.36M
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	2.88B	2.88B	2.46B	3.1B	3.73B
Gross Property Plant And Equipment	66.82M	511M	541M	550M	578M
Accumulated Depreciation	-56.09M	-104M	-132M	-179M	-224M
Net Property Plant And Equipment	10.73M	407M	409M	371M	354M
Goodwill	126M	126M	126M	126M	126M
Other Intangibles, Total	60.51M	80.29M	114M	153M	192M
Investment In Debt and Equity Securities	4.23B	6.11B	9.56B	11.27B	11.53B
Trading Asset Securities, Total	7.94B	11.83B	16.39B	18.02B	19.06B
Other Current Assets, Total	2.49B	2.4B	2.65B	2.26B	3.36B
Deferred Tax Assets Long-Term (Collected)	145M	112M	156M	64.37M	17.87M
Deferred Charges Long-Term	6.55M	9.7M	42.2M	35.59M	30.52M
Other Long-Term Assets, Total	862M	883M	912M	912M	935M
Total Assets	26.2B	32.6B	39.73B	43.2B	46.86B
Liabilities
Accounts Payable, Total	12.45M	14.03M	23.23M	9.81M	5.06M
Accrued Expenses, Total	6.25B	6.03B	5.96B	5.84B	8.01B
Short-Term Borrowings	7.17B	10.75B	12.98B	13.72B	11.29B
Current Portion of Long-Term Debt	750M	750M	803M	915M	1.54B
Current Portion of Leases	-	28.66M	77.93M	68.8M	95.69M
Long-Term Debt	2.84B	4.37B	6.21B	9.05B	10.46B
Long-Term Leases	-	381M	330M	308M	285M
Current Income Taxes Payable	94.78M	-	43.29M	2.38M	17.11M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	13.96M	356M	1.01B	788M	1.45B
Unearned Revenue Non Current	29.1M	25.85M	14.03M	16.22M	16.64M
Pension & Other Post Retirement Benefits	637K	980K	1.08M	1.11M	1.1M
Deferred Tax Liability Non-Current	21.37M	65.39M	15.44M	12.7M	58.78M
Other Non Current Liabilities	63.84M	97.02M	141M	109M	387M
Total Liabilities	17.25B	22.87B	27.62B	30.84B	33.61B
Common Stock, Total	2.46B	2.46B	2.73B	2.73B	2.73B
Additional Paid In Capital	5.19B	5.19B	6.79B	6.79B	6.79B
Retained Earnings	1.3B	2.06B	2.61B	2.8B	3.36B
Comprehensive Income and Other	-15.86M	8.12M	-32.39M	23.82M	345M
Total Common Equity	8.93B	9.71B	12.1B	12.35B	13.23B
Minority Interest	15.53M	15.58M	15.58M	15.64M	15.9M
Total Equity	8.95B	9.73B	12.11B	12.36B	13.25B
Total Liabilities And Equity	26.2B	32.6B	39.73B	43.2B	46.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.46B	2.46B	2.73B	2.73B	2.73B
ECS Total Common Shares Outstanding	2.46B	2.46B	2.73B	2.73B	2.73B
Book Value / Share	3.63	3.95	4.43	4.52	4.84
Tangible Book Value	8.75B	9.51B	11.86B	12.07B	12.91B
Tangible Book Value Per Share	3.56	3.87	4.34	4.42	4.72
Total Debt	10.77B	16.28B	20.4B	24.06B	23.66B
Net Debt	-4.62B	-3.31B	-2.9B	-854M	-2.91B
Equity Method Investments, Total	862M	883M	912M	895M	898M
Full Time Employees	-	-	1.56K	1.76K	1.64K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	611M	859M	554M	701M	985M
Depreciation, Depletion & Amortization	3.54M	59.71M	69.58M	71.56M	77.87M
Amortization of Goodwill and Intangible Assets - (CF)	75.17K	50K	50K	25K	16.68K
Total Depreciation, Depletion & Amortization	3.62M	59.76M	69.63M	71.59M	77.89M
Amortization of Deferred Charges, Total	11.13M	13.23M	24.13M	30.25M	37.75M
(Gain) Loss On Sale of Asset - (CF)	-732K	-237K	-210K	-65.33K	-146K
(Gain) Loss on Sale of Investments - (CF)	-60.22M	-274M	252M	-280M	-373M
Total Asset Writedown	163K	326K	817K	82.65K	106K
Provision for Credit Losses	39.89M	8.33M	6.46K	137K	2.18M
Provision and Write-off of Bad Debts	-	-	-646K	1.26M	21.47M
Change in Trading Asset Securities	-	-	-4.27B	-1.86B	-
Change in Accounts Receivable	8.11M	437M	854M	-251M	-1.25B
Change in Accounts Payable	2.85B	2.7B	3.22B	787M	784M
Change In Deferred Taxes	-57.96M	68.8M	-80.32M	68.57M	-14.49M
Change in Other Net Operating Assets (Collected)	-1.25B	-3.61B	-	-	-
Other Operating Activities	284M	280M	106M	63.8M	145M
Cash from Operations	2.44B	539M	734M	-665M	414M
Capital Expenditure	-24.84M	-93.5M	-109M	-82.34M	-100M
Sale of Property, Plant, and Equipment	1.82M	341K	159K	349K	36.89K
Investment in Marketable and Equity Securities, Total	-2.44B	-1.87B	-3.63B	-1.78B	154M
Other Investing Activities, Total	158M	315M	463M	588M	743M
Cash from Investing	-2.3B	-1.65B	-3.28B	-1.27B	796M
Long-Term Debt Issued, Total	1.95B	5.88B	4.99B	4.94B	7.36B
Total Debt Issued	1.95B	5.88B	4.99B	4.94B	7.36B
Long-Term Debt Repaid, Total	-3.3B	-3.76B	-4.21B	-2.21B	-5.77B
Total Debt Repaid	-3.3B	-3.76B	-4.21B	-2.21B	-5.77B
Issuance of Common Stock	3.99B	-	1.89B	-	-
Common Dividends Paid	-429M	-363M	-280M	-824M	-784M
Common & Preferred Stock Dividends Paid	-429M	-363M	-280M	-824M	-784M
Other Financing Activities, Total	-5.22M	-15.97M	-13.04M	-10.37M	-15.89M
Cash from Financing	2.21B	1.74B	2.37B	1.9B	792M
Foreign Exchange Rate Adjustments	-1.39M	-500K	1.96M	381K	399K
Net Change in Cash	2.34B	626M	-168M	-34.82M	2B
Supplemental Items
Cash Interest Paid	492M	643M	615M	708M	792M
Cash Income Tax Paid (Refund)	256M	380M	279M	190M	253M
Net Debt Issued / Repaid	-1.35B	2.12B	781M	2.73B	1.59B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.63	2.91	1.53	1.69	2.19
Return On Equity %	9.1	9.19	5.07	5.73	7.69
Return on Common Equity	9.1	9.21	5.08	5.74	7.7
Margin Analysis
Gross Profit Margin %	51.46	52.92	43.95	45	49.86
SG&A Margin	0.36	0.45	1.04	0.85	1.14
Income From Continuing Operations Margin %	36.97	40.8	35.22	36.54	40.98
Net Income Margin %	36.92	40.8	35.22	36.53	40.96
Net Avail. For Common Margin %	36.92	40.8	35.22	36.53	40.96
Normalized Net Income Margin	31.41	32.07	26.39	27.16	29.44
Asset Turnover
Asset Turnover	0.07	0.07	0.04	0.05	0.05
Short Term Liquidity
Current Ratio	1.45	1.39	1.36	1.42	1.5
Quick Ratio	1.28	1.25	1.23	1.31	1.35
Operating Cash Flow to Current Liabilities	0.17	0.03	0.04	-0.03	0.02
Long Term Solvency
Total Debt/Equity	120.32	167.33	168.44	194.63	178.66
Total Debt / Total Capital	54.61	62.59	62.75	66.06	64.11
LT Debt/Equity	31.78	48.82	53.99	75.68	81.12
Long-Term Debt / Total Capital	14.42	18.26	20.11	25.69	29.11
Total Liabilities / Total Assets	65.84	70.15	69.51	71.38	71.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.74	27.25	-25.32	22.1	25.29
Gross Profit, 1 Yr. Growth %	36.96	30.88	-38	25.01	38.25
Earnings From Cont. Operations, 1 Yr. Growth %	40.91	40.43	-35.54	26.34	40.51
Net Income, 1 Yr. Growth %	40.69	40.61	-35.53	26.33	40.49
Normalized Net Income, 1 Yr. Growth %	35.85	30.5	-38.42	25.65	35.81
Diluted EPS Before Extra, 1 Yr. Growth %	15.15	-7.89	-34.29	13.04	38.46
Common Equity, 1 Yr. Growth %	99.41	8.75	24.52	2.08	7.15
Total Assets, 1 Yr. Growth %	29.4	23.2	21.87	8.49	8.46
Tangible Book Value, 1 Yr. Growth %	103.32	8.71	24.7	1.79	6.99
Cash From Operations, 1 Yr. Growth %	490.08	-77.98	36.09	-190.62	-162.2
Capital Expenditures, 1 Yr. Growth %	65.61	276.38	16.75	-24.57	21.88
Dividend Per Share, 1 Yr. Growth %	-	-	-	-45.95	50
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	42.56	25.48	-2.52	-4.51	23.69
Gross Profit, 2 Yr. CAGR %	67.17	33.88	-9.91	-11.96	31.74
Earnings From Cont. Operations, 2 Yr. CAGR %	81.44	40.68	-4.85	-9.64	33.24
Net Income, 2 Yr. CAGR %	81.39	40.66	-4.79	-9.64	33.22
Normalized Net Income, 2 Yr. CAGR %	87.85	32.86	-10.44	-12.04	30.63
Diluted EPS Before Extra, 2 Yr. CAGR %	-	2.99	-22.2	-13.81	25.11
Common Equity, 2 Yr. CAGR %	47.96	47.26	16.37	12.74	4.58
Total Assets, 2 Yr. CAGR %	17.88	26.9	22.53	15.12	8.47
Tangible Book Value, 2 Yr. CAGR %	49.71	48.68	16.43	12.66	4.36
Cash From Operations, 2 Yr. CAGR %	13.84	14.24	-45.26	11.05	-24.92
Capital Expenditures, 2 Yr. CAGR %	14.22	149.67	109.62	-6.16	-4.12
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
Gross Profit, 3 Yr. CAGR %	-	54.07	3.59	0.49	2.48
Earnings From Cont. Operations, 3 Yr. CAGR %	-	66.59	8.46	4.67	4.69
Net Income, 3 Yr. CAGR %	-	66.64	8.45	4.71	4.68
Normalized Net Income, 3 Yr. CAGR %	-	66.13	2.76	0.26	1.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-11.34	-11.88	0.94
Common Equity, 3 Yr. CAGR %	-	33.53	39.25	11.39	10.84
Total Assets, 3 Yr. CAGR %	-	20.03	25.2	17.75	12.85
Tangible Book Value, 3 Yr. CAGR %	-	34.56	40.21	11.33	10.74
Cash From Operations, 3 Yr. CAGR %	-	-34.07	21.1	-35.24	-8.46
Capital Expenditures, 3 Yr. CAGR %	-	69.97	93.79	49.1	2.39
Dividend Per Share, 3 Yr. CAGR %	-	-	-	34.61	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.32	13.82	-	18.72	12.46
Gross Profit, 5 Yr. CAGR %	-4.63	13.67	-	23.17	14.04
Earnings From Cont. Operations, 5 Yr. CAGR %	-3.13	14.94	-	30.43	17.82
Net Income, 5 Yr. CAGR %	-3.15	14.94	-	30.45	17.81
Normalized Net Income, 5 Yr. CAGR %	-2.32	16.56	-	28.77	13.11
Diluted EPS Before Extra, 5 Yr. CAGR %	-19.19	-11.87	-	-	1.76
Common Equity, 5 Yr. CAGR %	21.42	21.36	-	24.79	24.18
Total Assets, 5 Yr. CAGR %	3.54	11.16	-	18.04	18.27
Tangible Book Value, 5 Yr. CAGR %	22.15	22.01	-	25.33	24.59
Cash From Operations, 5 Yr. CAGR %	59.35	-23.84	-	-18.78	0.02
Capital Expenditures, 5 Yr. CAGR %	0.37	42.91	-	34.02	46.25