China Merchants Bank revenue and financials
¥41.26Change from previous close: +1.85%Absolute change: +¥0.75
In the fiscal year ended December 2025, China Merchants Bank reported revenue of ¥297.63B (+0.25% year over year). Net income was ¥150.18B, a net margin of 50.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +0.25%
- 2025 vs 2024
- Net income growth
- +1.21%
- 2025 vs 2024
- Net margin
- 50.5%
- 2024: 50.0%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 451,457 | 447,023 | 357,753 | 570,143 | 182,048 |
| Depreciation and amortization | 15,392 | 15,590 | 15,439 | 14,606 | — |
| Capital expenditure | -28,141 | -34,930 | -30,161 | -34,892 | -24,160 |
| Investing cash flow | -324,920 | -292,859 | -255,107 | -513,926 | -19,697 |
| Financing cash flow | -169,938 | 2,149 | -72,989 | -297,032 | 89,359 |
| Dividends paid | -56,747 | -55,315 | -48,390 | -43,622 | -35,458 |
| Debt issued | 182,679 | 272,023 | 190,310 | 120,434 | — |
| Debt repaid | -218,924 | -199,336 | -211,997 | -348,443 | — |
| Effect of exchange rates | -3,304 | 1,195 | 2,164 | 6,259 | -2,746 |
| Net change in cash | -46,705 | 157,508 | 31,821 | -234,556 | 248,964 |
| Free cash flow | 423,316 | 412,093 | 327,592 | 535,251 | 157,888 |