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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 178,762 | 125,849 | 275,323 | 41,673 | 39,435 | 95,026 | 159,790 | 179,053 | 109,388 | -1,208 | 748,855 | -485,454 |
| Capital expenditure | -17,320 | -5,424 | -12,422 | -8,518 | -4,105 | -3,096 | -8,875 | -7,480 | -7,604 | -10,971 | -9,544 | -5,234 |
| Investing cash flow | -78,814 | -87,430 | 559 | -151,088 | 25,542 | -199,933 | -171,354 | -66,483 | -56,141 | 1,119 | -63,153 | -75,047 |
| Financing cash flow | 19,424 | -26,670 | -27,292 | -121,281 | 27,290 | -48,655 | -4,067 | -76,237 | -47,501 | 129,954 | -481,679 | 371,922 |
| Dividends paid | -1,560 | -25,548 | -4,005 | -52,742 | -1,821 | -864 | -3,228 | -52,087 | — | — | -2,115 | -46,275 |
| Debt issued | 5,905 | 2,495 | 8,354 | 2,477 | 11,406 | 5,000 | 1,991 | 6,262 | -1,471 | 18,213 | 6,309 | 4,887 |
| Debt repaid | -5,071 | -9,018 | -7,943 | -20,254 | -7,039 | -5,099 | 1,284 | -22,799 | -13,856 | -29,411 | -153,832 | -9,741 |
| Effect of exchange rates | -95.0 | -1,106 | -2,628 | -365 | -237 | -74.0 | 1,693 | -1,774 | 1,081 | 195 | -3,644 | 2,172 |
| Net change in cash | 119,277 | 10,643 | 245,962 | -231,061 | 92,030 | -153,636 | -13,938 | 34,559 | 6,827 | 130,060 | 200,379 | -186,407 |
| Free cash flow | 161,442 | 120,425 | 262,901 | 33,155 | 35,330 | 91,930 | 150,915 | 171,573 | 101,784 | -12,179 | 739,311 | -490,688 |