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.

Income statement · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q2 2025Q1 2025
Total revenue87,86886,94080,63984,54683,751
Selling, general and administrative28,16424,748-44,245-8,30123,988
Interest expense30,24530,46631,49334,85536,074
Pre-tax income46,06044,67743,90444,66444,242
Income tax7,1896,6297,3156,7726,729
Net income38,59337,85236,40937,64437,286
Net income to common shareholders38,59337,85236,40937,64437,286
Basic EPS—1.49——1.48
Diluted EPS—1.49——1.48
Average shares (basic)—25,404——25,193
Average shares (diluted)—25,404——25,193