China Merchants Securities achieves record profit, proposes dividend

China Merchants Securities (SSE:600999) has released its 2024 annual report, showcasing robust financial performance and a strategic focus on technological innovation and shareholder returns. The company reported a net profit attributable to shareholders of CNY 10.39 billion, exceeding CNY 10 billion for the first time and marking an 18.51% increase year-over-year. Building on this success, the board has proposed a cash dividend of CNY 3.77 per share, totaling CNY 3.28 billion, subject to shareholder approval. The company, however, will not be issuing bonus shares or increasing share capital with capital reserves.