China Merchants Securities reports H1 profit jump, sets dividend

China Merchants Securities reported a 9.64% increase in operating revenue to CNY 10.52 billion and a 9.23% rise in net profit attributable to shareholders, reaching CNY 5.19 billion for the first half of 2025. The company’s board has approved a cash dividend of CNY 0.119 per share (including tax) for every 10 shares, to be distributed by October 28, 2025, based on the total share capital of 8,696,526,806 shares. No bonus shares or capital reserve transfers are planned.

In a related development, China Merchants Securities adopted a new accounting policy for standard warehouse receipt transactions as of January 1, 2025, in accordance with Ministry of Finance guidelines. This change will not affect the company's financial statements for the current and comparable periods. The company will hold a semi-annual earnings conference on September 5, 2025, to discuss these results and other investor inquiries.

The company's risk assessment of China Merchants Finance Co., Ltd., a related entity, found its internal controls effective and its regulatory indicators compliant as of June 30, 2025. The consolidated asset-liability ratio stood at 75.65%, showing a decrease from 77.13% at the end of the previous year. The company's risk management framework continues to be stable and effective.