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 |
|---|---|---|---|---|---|
| Operating cash flow | 44,046 | 19,691 | -15,033 | 32,987 | -37,212 |
| Capital expenditure | -69.3 | -163 | -506 | -86.2 | -21.7 |
| Investing cash flow | -3,354 | 743 | -5,680 | -1,929 | 15,543 |
| Financing cash flow | 5,195 | 10,054 | 21,229 | -13,401 | -20,810 |
| Dividends paid | -1,474 | -847 | -1,225 | -1,704 | -1,053 |
| Debt issued | 38,476 | 45,753 | 59,474 | 17,427 | 21,258 |
| Debt repaid | -33,727 | -34,785 | -36,938 | -29,939 | -40,928 |
| Effect of exchange rates | -214 | -279 | -122 | -68.0 | -53.3 |
| Net change in cash | 45,887 | 30,488 | 515 | 17,657 | -42,479 |
| Free cash flow | 43,977 | 19,528 | -15,539 | 32,901 | -37,234 |