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China Merchants Securities Co Ltd

China Merchants Securities Co Ltd

600999 · SHG · Financial Services / Capital Markets

15.80CNY-0.06 (-0.38%)

Price History

Full chart

Market Stats

Previous Close15.86
Open15.86
Day Range15.74 – 15.94
52-Week Range14.47 – 22.49
Volume31.61M
Market Cap148.45B
P/E (TTM)8.62
Forward P/E10.53
EPS1.98
Dividend Yield3.61%
Beta0.50
50-Day Avg17.95
200-Day Avg17.34

About

China Merchants Securities Co., Ltd. engages in the wealth management and institutional, investment banking, investment management, investment, and trading businesses in the People's Republic of China. It operates through Wealth management and institutional business; Investment banking; Investment management; and other segments. The company trades in stocks and futures contracts; provides margin financing and securities lending services; and sells financial and other wealth management products. It also offers investment banking services to its institutional clients, including financial advisory, equity and debt underwriting, and sponsorship; and assets management, investing advisory, deal execution, and private equity investment management services. In addition, the company trades in equity and fixed-income securities, derivatives, and other financial products, as well as offers market maker and alternative investment services. The company was founded in 1991 and is based in Shenzhen, the People's Republic of China.

Company Details

  • SectorFinancial Services
  • IndustryCapital Markets
  • CEOMr. Jiangtao Zhu Msc
  • Employees12.77K
  • HeadquartersNo. 111, Fuhua Yi Road, Shenzhen, China, 518046, China
  • Websitehttps://www.cmschina.com

Leadership

  • Mr. Jiangtao Zhu MscExecutive Chairman · b. 1972
  • Mr. Jie LiuVP & CFO · b. 1972
  • Mr. Zhijian WangVP & Chief Investment Officer
  • Mr. Xing ZhangVP, Chief Compliance Officer & Chief Risk Officer · b. 1977
  • Mr. Rui LiuVice President · b. 1974
  • Mr. Bo LiuVice President · b. 1977
  • Mr. Jianping WangAccounting Supervisor · b. 1975
  • Ms. Hongyan YinHead of Human Resources Department · b. 1971
  • Mr. Xiaoli MaSecretary to the Board & Joint Company Secretary · b. 1974
  • Ms. Tin Yun LaiJoint Company Secretary · b. 1989

Financials

Income Statement

Currency: CNY2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue663.69M603.50M2.45B9.60B4.64B8.57B6.12B4.95B4.67B6.07B11.00B25.20B11.47B13.53B11.34B18.73B24.24B29.32B19.06B19.68B20.86B24.90B
Growth (%)--9.07%+305.24%+292.39%-51.68%+84.71%-28.53%-19.14%-5.74%+30.10%+81.21%+129.09%-54.49%+18.01%-16.21%+65.18%+29.45%+20.91%-34.99%+3.25%+6.01%+19.38%
Cost of Revenue-----------9.53B4.28B5.72B5.25B-------
Gross Profit663.69M603.50M2.45B9.60B4.64B8.57B6.12B4.95B--11.00B25.20B11.47B13.53B11.34B18.73B24.24B29.32B19.06B19.68B20.86B24.90B
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%--100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Operating Expense591.87M510.43M978.41M3.10B2.16B3.73B1.78B1.99B--6.04B11.62B5.08B6.43B5.90B9.93B12.94B15.50B10.28B10.38B9.63B10.91B
Operating Income71.82M93.06M1.47B6.49B2.48B4.84B4.34B2.96B1.87B2.64B4.96B13.58B6.39B7.10B5.44B8.79B11.30B13.82B8.77B9.30B11.23B13.99B
Operating Margin10.82%15.42%59.99%67.65%53.39%56.49%70.88%59.72%40.06%43.49%45.12%53.88%55.70%52.50%47.99%46.96%46.62%47.13%46.04%47.26%53.83%56.19%
EBITDA71.82M93.06M---5.02B3.68B2.48B6.18M4.96M-----------13.99B
EBITDA Margin10.82%15.42%---58.61%60.09%50.13%0.13%0.08%-----------56.19%
Net Income42.79M52.85M1.25B5.06B2.02B3.73B3.23B2.01B1.65B2.23B3.85B10.91B5.40B5.79B4.42B7.28B9.49B11.65B8.07B8.76B10.39B12.30B
Net Income Margin6.45%8.76%51.19%52.75%43.58%43.52%52.75%40.57%35.28%36.77%35.01%43.29%47.12%42.76%39.03%38.88%39.15%39.72%42.35%44.54%49.79%49.40%
Interest Expense29.03M32.72M0000415.67M391.44M587.53M1.14B00006.34B6.39B7.12B9.65B9.33B9.52B8.89B7.51B
Interest Expense % of Total Revenue4.37%5.42%0.00%0.00%0.00%0.00%6.79%7.91%12.59%18.74%0.00%0.00%0.00%0.00%55.92%34.14%29.36%32.92%48.94%48.40%42.60%30.15%

Balance Sheet

Currency: CNY2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets5.70B8.01B19.76B81.39B47.64B96.51B95.36B68.86B75.54B83.86B193.41B291.66B243.06B285.64B306.17B381.77B499.73B597.22B611.68B695.85B721.16B753.35B
Total Liabilities4.01B6.29B15.59B73.82B39.50B73.90B71.38B44.19B49.77B56.68B151.81B243.22B183.14B206.31B225.45B296.64B393.90B484.63B496.42B573.82B590.91B618.64B
Total Equity1.70B1.73B4.17B7.58B7.90B22.61B23.98B24.67B25.77B27.16B41.54B48.35B59.83B79.23B80.65B85.05B105.74B112.50B115.17B121.96B130.18B134.71B
Cash3.34B5.39B16.90B75.71B34.96B70.68B63.40B36.35B39.37B50.58B125.90B166.03B134.21B127.13B105.64B134.40B196.19B225.64B230.94B244.33B286.24B324.68B
Total Debt-350.00M-46.82M176.38M334.58M528.43M711.79M2.90B20.36B32.09B88.38B77.37B103.80B96.07B111.87B145.42B187.54B183.59B215.43B196.54B-
Net Debt-3.34B-5.04B-16.90B-75.67B-34.78B-70.35B-62.88B-35.64B-36.47B-30.23B-93.81B-77.65B-56.84B-23.33B-9.57B-22.53B-50.77B-38.10B-47.34B-28.90B-89.70B-

Cash Flow

Currency: CNY2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.59B1.67B10.17B58.37B-36.42B22.12B-780.77M-25.57B-3.18B-18.42B19.61B1.20B-23.94B-42.55B34.17B9.99B-9.81B-41.19B62.50B27.10B54.73B-31.37B
Investing Cash Flow23.05M20.42M73.24M401.68M-4.19B2.05B117.99M-273.59M-204.19M-426.04M-291.21M-19.79B9.77B-7.63B-18.27B-1.80B2.52B13.81B-19.13B-24.09B-14.26B-
Financing Cash Flow-162.30M317.61M799.42M-1.95B2.20B10.66B-5.70B-871.34M1.27B15.70B17.40B50.95B-6.28B36.66B-21.08B4.76B37.32B35.72B-21.01B7.70B-10.36B-
Capital Expenditure18.35M23.89M138.70M268.34M573.80M123.22M148.48M197.85M164.79M282.22M362.08M401.38M436.81M268.92M461.34M241.34M373.71M412.76M560.25M608.24M763.71M722.52M
Free Cash Flow-1.61B1.65B10.04B58.10B-37.00B21.99B-929.25M-25.76B-3.34B-18.70B19.25B796.89M-24.38B-42.82B33.70B9.75B-10.18B-41.61B61.94B26.50B53.96B-32.09B
Dividends Paid55.50M32.39M350.58M1.99B1.93B387.26M1.91B1.08B806.96M913.37M1.83B5.76B6.60B5.14B7.41B6.99B7.72B9.46B11.17B8.17B8.91B9.25B
FCF to OCF101.15%98.57%98.64%99.54%101.58%99.44%119.02%100.77%105.19%101.53%98.15%66.50%101.82%100.63%98.65%97.58%103.81%101.00%99.10%97.76%98.60%102.30%
Dividend Paid to FCF-3.44%1.96%3.49%3.43%-5.23%1.76%-205.73%-4.21%-24.14%-4.88%9.48%723.03%-27.08%-12.00%21.99%71.70%-75.80%-22.74%18.04%30.85%16.50%-28.81%

Earnings

Report DateMar 31, 2010Sep 1, 2010Dec 1, 2010Mar 2, 2011Apr 19, 2011Aug 31, 2011Nov 30, 2011Feb 29, 2012May 30, 2012Aug 29, 2012Nov 28, 2012Feb 27, 2013May 29, 2013Aug 28, 2013Nov 27, 2013Feb 26, 2014May 28, 2014Aug 19, 2014Oct 27, 2014Mar 31, 2015Apr 28, 2015Aug 18, 2015Oct 30, 2015Mar 1, 2016Apr 29, 2016Aug 26, 2016Oct 28, 2016Mar 28, 2017Apr 28, 2017Aug 24, 2017Oct 27, 2017Mar 27, 2018Apr 26, 2018Aug 29, 2018Oct 29, 2018Mar 28, 2019Apr 25, 2019Aug 28, 2019Oct 29, 2019Mar 10, 2020Apr 28, 2020Aug 28, 2020Oct 29, 2020Mar 26, 2021Apr 28, 2021Aug 27, 2021Oct 25, 2021Jan 21, 2022Apr 24, 2022Aug 26, 2022Oct 28, 2022Mar 24, 2023Apr 28, 2023Aug 29, 2023Oct 26, 2023Mar 28, 2024Apr 26, 2024Aug 30, 2024Oct 29, 2024Jan 16, 2025Apr 28, 2025Aug 28, 2025Oct 29, 2025Mar 30, 2026Apr 30, 2026Aug 26, 2026
EPS Estimate----0.20------------------0.34-0.27-0.06-0.210.210.160.300.230.160.140.270.160.190.150.240.260.240.360.340.360.450.430.320.210.250.180.280.360.260.170.260.250.170.230.270.250.290.31--
EPS Actual0.140.100.120.210.200.120.070.030.100.070.050.080.110.080.100.120.130.110.170.190.380.660.220.360.140.210.250.220.170.180.210.220.130.060.160.170.240.170.140.280.240.220.330.230.280.330.300.330.150.310.210.140.240.270.220.210.230.280.260.360.250.310.420.380.380.85
Surprise----0.00%------------------5.88%--22.22%-266.67%--14.29%0.00%37.50%-56.67%-73.91%0.00%21.43%-11.11%6.25%-26.32%86.67%0.00%-15.38%37.50%-36.11%-17.65%-8.33%-33.33%-23.26%-53.13%47.62%-16.00%-22.22%-14.29%-25.00%-15.38%23.53%-11.54%12.00%52.94%56.52%-7.41%24.00%46.14%22.58%--
Timing----Pre-market------------Pre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hours--

Key Statistics & Ratios

Market Cap148.45B
Enterprise Value99.80B
Trailing P/E8.62
Forward P/E10.53
Price / Sales4.07
Price / Book1.07
EPS1.98
Book Value14.46
Revenue (TTM)36.44B
Gross Profit (TTM)22.72B
Profit Margin48.81%
Operating Margin63.56%
Return on Equity12.85%
Return on Assets2.30%
Shares Outstanding7.42B
Shares Float3.37B
Beta0.50
Dividend Yield3.61%
Dividend Rate0.62
Payout Ratio30.41%

Dividends

20262×
0.17Sep 15, 20260.45Jul 16, 2026
20252×
0.12Sep 18, 20250.38Jul 16, 2025
20242×
0.10Sep 20, 20240.25Jul 16, 2024
20231×
0.18Jul 25, 2023
20221×
0.54Aug 8, 2022
20211×
0.44Jul 30, 2021
20201×
0.34Dec 11, 2020
20191×
0.22Aug 27, 2019
20181×
0.29Aug 17, 2018
20171×
0.16Jul 21, 2017
20162×
0.13Sep 29, 20160.20Jun 17, 2016
20152×
0.42Oct 12, 20150.22May 21, 2015
20141×
0.13Nov 5, 2014
20131×
0.12Jul 22, 2013
20121×
0.12Aug 2, 2012
20111×
0.25Jul 14, 2011
20101×
0.32Jul 13, 2010

Stock Splits

  • Jul 20, 20201243:1031
  • Jul 14, 201113:10