China Merchants Bank H revenue and financials

3968 · HKEX · HKD

Secondary listing. The primary listing is China Merchants Bank · SSE (CNY)

$50.95Change from previous close: −0.10%Absolute change: −$0.05

Close · October 7, 2026

In the fiscal year ended December 2025, China Merchants Bank H reported revenue of ¥332.06B (−0.84% year over year). Net income was ¥150.18B, a net margin of 45.2%.

Annual revenue · 2025: ¥332.06B
  1. ¥342.26B2022
  2. ¥336.65B2023
  3. ¥334.86B2024
  4. ¥332.06B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
−0.84%
2025 vs 2024
Net income growth
+1.21%
2025 vs 2024
Net margin
45.2%
2024: 44.3%

Financial data

Amounts in millions of CNY; per-share values in CNY; shares in millions.

Balance sheet · Annual
Item20252024202320222021
Total assets13,070,52312,152,03611,028,48310,138,912—
Cash and equivalents1,321,5221,212,6661,073,586960,911—
Net property, plant and equipment141,913140,496126,912111,772—
Goodwill9,9549,9549,9549,999—
Other intangible assets6,0006,4067,0957,968—
Long-term investments4,186,8583,736,5883,239,2432,815,204—
Total debt405,441471,075436,552443,861—
Total liabilities11,789,62410,918,5619,942,7549,184,674—
Total equity (incl. minority)1,280,8991,233,4751,085,729954,238—
Retained earnings679,808634,078568,372492,971—
Minority interest8,0247,4619,3598,735—