China Merchants Securities revenue and financials
¥17.07Change from previous close: +0.77%Absolute change: +¥0.13
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Total assets | 871,408 | 788,353 | 753,477 | 672,860 | 661,288 |
| Cash and equivalents | 428,757 | 358,076 | 324,685 | 262,344 | 249,306 |
| Receivables | 870 | 732 | 551 | 825 | 591 |
| Net property, plant and equipment | 2,395 | 2,433 | 2,340 | 2,343 | 2,328 |
| Goodwill | 9.7 | 9.7 | 9.7 | 9.7 | 9.7 |
| Other intangible assets | 1,228 | 1,250 | 1,258 | 995 | 991 |
| Long-term investments | 410,934 | 392,165 | 392,492 | 374,504 | 377,508 |
| Accounts payable | 37,355 | 33,731 | 28,204 | 27,477 | 22,425 |
| Total debt | 233,259 | 230,217 | 221,897 | 165,418 | 178,784 |
| Total liabilities | 726,576 | 646,991 | 615,430 | 541,387 | 529,632 |
| Total equity (incl. minority) | 144,831 | 141,362 | 138,047 | 131,472 | 131,656 |
| Retained earnings | 48,869 | 46,161 | 42,961 | 39,350 | 40,535 |
| Minority interest | 46.1 | 42.8 | 42.2 | 75.7 | 74.6 |