China Merchants Securities revenue and financials
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In the fiscal year ended December 2025, China Merchants Securities reported revenue of ¥23.57B (+21.47% year over year). Net income was ¥12.35B, a net margin of 52.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +21.47%
- 2025 vs 2024
- Net income growth
- +18.91%
- 2025 vs 2024
- Net margin
- 52.4%
- 2024: 53.5%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 753,477 | 721,160 | 695,853 | 611,677 | — |
| Cash and equivalents | 324,685 | 286,241 | 244,327 | 230,937 | — |
| Receivables | 551 | 683 | 664 | 959 | — |
| Net property, plant and equipment | 2,340 | 2,404 | 2,727 | 2,718 | — |
| Goodwill | 9.7 | 9.7 | 9.7 | 9.7 | — |
| Other intangible assets | 1,258 | 1,005 | 703 | 430 | — |
| Long-term investments | 392,492 | 391,529 | 386,355 | 319,263 | — |
| Accounts payable | 28,204 | 25,025 | 38,085 | 25,105 | — |
| Total debt | 221,897 | 196,542 | 215,426 | 183,594 | — |
| Total liabilities | 615,430 | 590,908 | 573,816 | 496,420 | — |
| Total equity (incl. minority) | 138,047 | 130,252 | 122,037 | 115,257 | — |
| Retained earnings | 42,961 | 38,345 | 33,494 | 28,795 | — |
| Minority interest | 42.2 | 73.6 | 75.5 | 82.5 | — |