China Minsheng Banking (China Minsheng Banking) Tax Rate % : -24.58% (As of Dec. 2023)

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What is China Minsheng Banking Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. China Minsheng Banking's Tax Expense for the three months ended in Dec. 2023 was $-59 Mil. China Minsheng Banking's Pre-Tax Income for the three months ended in Dec. 2023 was $242 Mil. Therefore, China Minsheng Banking's Tax Rate % for the quarter that ended in Dec. 2023 was -24.58%.

China Minsheng Banking Tax Rate % Historical Data

The historical data trend for China Minsheng Banking's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Minsheng Banking Tax Rate % Chart

China Minsheng Banking Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.16

4.37

2.10

3.75

3.67

China Minsheng Banking Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															-42.04	10.71	-10.82	9.38	-24.58

China Minsheng Banking Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

China Minsheng Banking's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	192.151	/	5232.066
	=	3.67 %

China Minsheng Banking's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	-59.382	/	241.59
	=	-24.58 %

China Minsheng Banking Tax Rate % Related Terms

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China Minsheng Banking (China Minsheng Banking) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Minsheng Banking Corp Ltd (OTCPK:CMAKY) » Definitions » Tax Rate %

Traded in Other Exchanges

CGMBF:USA 01988:Hong Kong GHFH:Germany 600016:China

Address

No. 2, Fuxingmennei Avenue, Xicheng District, Beijing, CHN, 100031

Website

https://www.cmbc.com.cn

Founded in 1996, China Minsheng Banking Corp. is one of the first privately owned commercial banks in China, with headquarters in Beijing. Its shares listed on the Shanghai Exchange in 2000, and on the Hong Kong Exchange in 2009. It positions itself as a bank for non-state-owned enterprises, micro- and small enterprises, and high-end retail customers. CMBC has a diversified shareholding structure, with over 23,000 banking outlets in 125 cities in China.

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