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 · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q2 2025Q1 2025
Total assets13,785,28013,484,88213,070,52312,657,15112,529,792
Cash and equivalents1,525,2491,359,5841,321,5221,236,8141,155,280
Net property, plant and equipment147,131138,045141,913136,024138,831
Goodwill9,9549,9549,9549,9549,954
Other intangible assets5,7195,8556,0006,1536,299
Long-term investments4,438,0704,383,8184,186,8584,005,5723,905,674
Total debt437,616435,471405,441433,192438,319
Total liabilities12,431,97912,194,29711,789,62411,360,29111,275,928
Total equity (incl. minority)1,353,3011,290,5851,280,8991,296,8601,253,864
Retained earnings729,193717,073679,808656,267671,193
Minority interest8,2688,2308,0247,6277,657