China Merchants Bank H revenue and financials
Secondary listing. The primary listing is China Merchants Bank · SSE (CNY)
$50.95Change from previous close: −0.10%Absolute change: −$0.05
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating cash flow | 451,457 | 447,023 | 357,753 | 570,143 |
| Depreciation and amortization | 15,392 | 15,590 | 15,439 | 14,606 |
| Capital expenditure | -28,141 | -34,930 | -30,161 | -34,892 |
| Investing cash flow | -324,920 | -292,859 | -255,107 | -513,926 |
| Financing cash flow | -169,938 | 2,149 | -72,989 | -297,032 |
| Dividends paid | -61,752 | -61,031 | -56,342 | -56,503 |
| 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 |
| Net change in cash | -43,401 | 156,313 | 29,657 | -240,815 |
| Free cash flow | 423,316 | 412,093 | 327,592 | 535,251 |