China Merchants Securities Co., Ltd.

SSE:600999.SS

17.8 (CNY) • At close July 18, 2025
Overview | Financials

Numbers are in millions (except for per share data and ratios) CNY.

2025 Q12024 Q42024 Q32024 Q22024 Q12023 Q42023 Q32023 Q22023 Q12022 Q42022 Q32022 Q22022 Q12021 Q42021 Q32021 Q22021 Q12020 Q42020 Q32020 Q22020 Q12019 Q42019 Q32019 Q22019 Q12018 Q42018 Q32018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q12014 Q42014 Q32014 Q22014 Q12013 Q42013 Q32013 Q22013 Q12012 Q42012 Q32012 Q22012 Q12011 Q42011 Q32011 Q22011 Q12010 Q42010 Q32010 Q22010 Q12009 Q42009 Q22008 Q42008 Q22007 Q42007 Q22006 Q42006 Q2
Assets:
Current Assets:
Cash & Cash Equivalents 249,305.745286,240.981246,567.13616,869.48314,873.641244,327.467225,082.887232,992.69236,746.454230,936.509214,733.747232,935.108225,973.896225,639.93232,840.176231,308.2207,323.822196,189.515190,034.6158,261.506155,962.882134,404.864131,740.66132,474.832135,976.466105,637.91562,367.569,069.76575,168.09874,470.39570,973.6267,591.27469,638.46872,935.44868,533.89158,822.01462,575.16984,412.97268,517.019140,293.184101,519.55471,031.64541,671.39530,007.17429,342.34425,298.51438,489.41637,551.50538,231.70234,125.25133,191.5736,333.09938,682.63336,347.628,239.2157,243.3488,629.83666,192.7285,623.2661,628.00872,999.8870,011.42542,837.6534,958.8467,776.77475,714.84551,557.82316,896.2259,835.913
Short Term Investments 00-230,085.134000000000000000000000000000000000000000000000000000000-42,733.21800000000000
Cash and Short Term Investments 249,305.745286,240.98116,482.00216,869.48314,873.641244,327.467225,082.887232,992.69236,746.454230,936.509214,733.747232,935.108225,973.896225,639.93232,840.176231,308.2207,323.822196,189.515190,034.6158,261.506155,962.882134,404.864131,740.66132,474.832135,976.466105,637.91562,367.569,069.76575,168.09874,470.39570,973.6267,591.27469,638.46872,935.44868,533.89158,822.01462,575.16984,412.97268,517.019140,293.184101,519.55471,031.64541,671.39530,007.17429,342.34425,298.51438,489.41637,551.50538,231.70234,125.25133,191.5736,333.09938,682.63336,347.628,239.2157,243.3488,629.83623,459.515,623.2661,628.00872,999.8870,011.42542,837.6534,958.8467,776.77475,714.84551,557.82316,896.2259,835.913
Net Receivables 100,721.666683.224431.28286,766.5050663.58683,073.70389,510.769791.54899,977.9441,338.7711,189.53609.263117,107.5071,046.6541,076.7821,100.72488,000.1213,737.30165,826.9556,991.26462,937.8743,351.95552,033.8572,787.23947,477.9944,051.8793,880.9314,147.52863,207.0084,031.7735,081.755,596.5212,147.1485,747.0274,788.7744,551.0854,208.7814,348.2354,732.6793,077.0562,466.3672,123.7532,330.5611,975.5181,926.686164.327107.66366.9153.15747.44330.56734.87332.55830.66214.82115.17110.1231.9350.00500.6662,082.966479.258104.9491,474.34365.482357.39560.039
Inventory 00-0014,873.641106,842.18795,205.424104,555.77599,877.896124,226.87199,328.997121,813.803103,412.77126,884.965111,316.604128,787.723102,806.6410000000000000000000000000000000000000000000000000000
Other Current Assets -590.979-683.224-431.282-103,635.98800000000000000000000000000000000000000000000000000000000000000000
Total Current Assets 349,436.433286,240.98116,482.002014,873.641244,991.054225,906.538233,859.833237,538.002231,895.927216,072.518234,124.637226,583.159226,695.477233,886.83232,384.982208,424.546197,193.154193,771.901161,621.412158,457.446135,168.568135,092.615135,039.132138,763.705106,346.38166,419.37972,950.69679,315.62677,296.4375,005.39372,673.02375,234.9975,082.59674,280.91863,610.78867,126.25488,621.75372,865.254145,025.862104,596.6173,498.01243,795.14832,337.73631,317.86227,225.238,653.74237,659.16838,298.61134,178.40833,239.01336,363.66638,717.50636,380.1788,269.8777,258.1688,645.00623,469.6335,625.19661,628.01372,999.8870,012.09144,920.61635,438.09967,881.72277,189.18451,923.30517,253.629,895.952
Non-Current Assets:
Property, Plant & Equipment, Net 2,328.0752,404.0032,498.2812,582.6232,648.1152,726.6662,670.5412,706.7972,741.0662,717.9042,698.5852,699.8332,703.0342,725.3972,671.4112,676.0252,704.7972,746.2592,666.0482,675.2042,679.7312,730.5842,749.9562,784.0372,826.9731,628.7921,894.8631,864.271,840.591,832.0871,779.4821,773.8431,768.8641,779.171,663.8341,580.6271,515.3351,518.5151,399.7451,359.2581,306.251,297.9671,224.3291,166.3081,129.3581,086.9571,012.863948.476956.145937.266912.735899.274907.841912.286882.011893.115890.887907.088871.507878.582871.537881.74898.195910.363802.007388.904306.171249.571312.454
Goodwill 9.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.6719.67113.959.6715,113.0015,113.00109.67117.2644.50
Intangible Assets 990.7071,004.71774.786747.297702.798703.375535.197484.757431.758430.396428.336430.713430.149434.361438.898425.332429.321429.723427.247430.401434.051436.566442.183444.572447.754450.80722.48421.72720.86721.57921.86222.23722.96823.42923.06223.44123.57924.25124.50224.46224.46523.24224.00123.3223.49924.068.7239.42610.1310.83311.53612.29513.07413.87814.73415.66716.76718.01419.32220.61321.96623.407168.834173.28432.16435.63939.34530.50843.882
Goodwill and Intangible Assets 1,000.3781,014.381784.457756.968712.468713.046544.867494.427441.428440.067438.006440.383439.82444.032448.569435.002438.992439.394436.918440.071443.722446.236451.854454.243457.424460.47732.15531.39830.53831.2531.53231.90832.63933.09932.73333.11233.2533.92234.17334.13334.13632.91333.67132.99133.1733.73118.39419.09619.820.50321.20621.96622.74423.54824.40525.33826.43727.68428.99330.28335.91633.0775,281.8355,286.28532.16445.3156.60935.00843.882
Long Term Investments 377,507.731391,528.904383,822.818381,460.071319,851.612386,355.36352,796.47344,410.694320,457.56319,262.947318,074.022325,195.527322,195.379321,306.982327,688.547300,516.517261,167.734238,604.121243,975.031213,145.789203,175.169203,472.224199,291.12184,223.168157,804.767159,772.045134,866.015124,469.093106,112.013114,856.77593,925.93481,981.31875,979.07179,364.7681,054.59793,171.53792,150.77104,483.299100,676.96275,321.24960,024.27755,467.12342,414.57637,886.56726,511.23426,918.29723,935.55734,980.14741,272.92633,764.54533,842.23933,382.84129,351.33926,760.88221,982.54125,923.0621,216.18627,404.56726,354.83824,266.45523,407.53223,739.3335,142.365,821.1319,993.513,670.7622,393.8672,102.238425.783
Tax Assets 001,137.8355,113.035732.9771,583.7731,863.0281,682.8221,738.4221,832.2051,031.806328,335.743325,338.2321,561.4151,731.6541,686.8671,842.422241,789.774247,077.997216,261.065206,298.622206,649.044202,492.93187,461.448161,089.165161,861.315136,793.034126,364.761107,983.141116,720.11295,736.94983,787.06977,780.57481,177.02982,751.16494,785.27693,699.355106,035.736102,110.8876,714.63961,364.66356,798.00243,672.57639,085.86627,673.76228,038.98424,966.81435,947.7242,248.87234,722.31434,776.1834,304.0830,281.92427,696.71622,888.95726,841.51322,133.5128,339.3427,255.33825,175.3224,314.98524,654.1511,322.3912,017.7810,827.6814,104.9752,756.6472,386.817782.119
Other Non-Current Assets -380,836.184-394,947.287-388,243.391-382,217.039303,763.794-1,583.773-1,863.028-1,682.822-1,738.422-1,832.205-1,031.806-328,335.743-325,338.232-1,561.415-1,731.654-1,686.867-1,842.4220000000000000000000000000000000000000000000000000000
Total Non-Current Assets 311,851.326434,919.351650,278.5997,695.658627,708.966389,795.072356,011.878347,611.918323,640.054322,420.918321,210.613328,335.743325,338.232324,476.41330,808.527303,627.544264,311.523241,789.774247,077.997216,261.065206,298.622206,649.044202,492.93187,461.448161,089.165161,861.315136,793.034126,364.761107,983.141116,720.11295,736.94983,787.06977,780.57481,177.02982,751.16494,785.27693,699.355106,035.736102,110.8876,714.63961,364.66356,798.00243,672.57639,085.86627,673.76228,038.98424,966.81435,947.7242,248.87234,722.31434,776.1834,304.0830,281.92427,696.71622,888.95726,841.51322,133.5128,339.3427,255.33825,175.3224,314.98524,654.1511,322.3912,017.7810,827.6814,104.9752,756.6472,386.817782.119
Total Assets 661,287.758721,160.331666,760.601642,951.472642,582.607695,852.99624,017.113627,554.07600,539.32611,661.88582,560.572601,076.312602,653.646597,221.127613,841.971586,373.335531,966.64499,726.678479,123.776422,987.266404,248.953381,771.888371,998.8350,358.975328,828.892304,930.705291,412.917298,078.433290,679.819285,643.555257,771.224242,817.15242,937.28243,058.428235,634.416245,264.621252,633.697291,655.585297,118.557364,794.649248,832.262193,408.05131,497.049107,197.41290,803.84383,157.1883,456.87588,889.15792,143.85575,536.50175,112.50576,791.6474,877.5568,857.22767,416.99375,966.879,878.42995,358.73280,358.83488,705.50398,990.8896,512.31356,455.75547,637.05978,852.83581,392.21954,777.18119,755.5212,043.226
Liabilities & Equity:
Current Liabilities:
Account Payables 22,424.80425,025.28933,448.42533,498.87534,084.07838,084.76237,012.94535,400.67734,121.04925,105.45426,243.05926,480.46125,393.73629,036.25228,235.0122,429.0716,002.84414,763.3114,921.3185,587.0694,749.6464,937.064,661.4112,645.5772,548.8092,239.9084,260.6084,151.1244,128.5484,127.6995,279.0825,064.7995,619.7936,405.3216,236.2965,211.6146,228.9319,450.4869,458.01110,274.6328,709.7697,004.3594,105.4261,879.0741,067.7131,756.318366.747212.11898.999108.91942.57622.30814.87514.16818.25816.51814.53816.70614.76114.45113.60685.6824,791.85378.576336.508454.297274.834170.8381,654.299
Short Term Debt 000000000000000000000000000000000000000000000000000000000000000000000
Tax Payables 621.523819.074524.331433.294406.542427.963843.182622.548554.142712.013620.573579.428515.0111,110.1251,067.1341,502.646601.7211,157.29804.912446.12690.153468.849456.871552.53429.405558.475540.09372.817448.7355.176404.355231.423213.362270.526880.6611,405.393844.655862.108632.041,379.687361.696547.195312.333210.316321.934276.206219.373113.66973.92578.52978.783134.313277.49124.603223.83275.83291.075378.324214.553190.798484.242603.954298.449425.88372.951421.811551.65121.16492.819
Deferred Revenue 000218,424.75763.75355.48660.20448.14448.40463.808-124,003.61600-174,027.029-150,327.966-216,289.578-148,324.2370000000000000000000000000000000000000000000000000000
Other Current Liabilities -23,046.327-25,844.363-33,972.755-433.294-29,047.443-38,512.724-37,856.127-36,023.225-34,675.19-25,817.467-26,863.632-27,059.889-25,908.747-30,146.377-29,302.144-23,931.716-16,604.565-15,920.6-5,726.23-6,033.189-5,439.798-5,405.909-5,118.282-3,198.107-2,978.214-2,798.383-4,800.699-4,523.942-4,577.248-4,482.874-5,683.437-5,296.223-5,833.155-6,675.846-7,116.957-6,617.007-7,073.586-10,312.593-10,090.051-11,654.319-9,071.465-7,551.554-4,417.76-2,089.39-1,389.648-2,032.523-586.12-325.787-172.924-187.447-121.359-156.621-292.365-138.771-242.089-292.348-305.613-395.03-229.314-205.249-497.848-689.636-5,090.302-504.456-709.459-876.108-826.483-292.001-1,747.118
Total Current Liabilities 000251,923.6335,443.17738,084.76237,012.94535,400.67734,121.04925,105.45426,243.05926,480.46125,393.73629,036.25228,235.0122,429.0716,002.84414,763.3114,921.3185,587.0694,749.6464,937.064,661.4112,645.5772,548.8092,239.9084,260.6084,151.1244,128.5484,127.6995,279.0825,064.7995,619.7936,405.3216,236.2965,211.6146,228.9319,450.4869,458.01110,274.6328,709.7697,104.0584,105.4261,879.0741,067.7131,053.703366.747212.11898.99930.12942.57622.30814.87514.16818.25816.51814.53816.70614.76114.45113.60685.6824,791.8534,345.54336.508454.297274.834170.8381,654.299
Non-Current Liabilities:
Long Term Debt 000852.234127,508.57600000000000000000000090,223.32399,123.235100,998.033103,800.61885,280.0570077,368.102063,465.11768,579.75788,383.3987,688.52400000010,136.968000901.407798.91600000614.371528.42800000000000
Deferred Revenue Non-Current 0039.55843.00663.753159.93860.204159.49348.404176.755-400.173114.545115.345116.144116.943117.742118.5410000000000000000000000000000000000000000000000000000
Deferred Tax Liabilities Non-Current 00457.7794,341.41545.182558.414556.69589.514469.443482.293400.173474.575420.321491.8571,080.594982.889877.9480000000000000000000000000000000000000000000000000000
Other Non-Current Liabilities 00-497.337-852.234-127,508.576000000000000000000000-90,223.323-99,123.235-100,998.033-103,800.618-85,280.05700-77,368.1020-63,465.117-68,579.757-88,383.39-87,688.524000000-10,136.968000-901.407-798.91600000-614.371-528.42800000000000
Total Non-Current Liabilities 0004,342.089512,760.022215,425.561165,737.188169,692.12634,121.04925,105.45426,243.05926,480.46125,393.73629,036.252202,591.007179,582.329157,800.236145,422.199139,339.592115,238.724114,324.438111,872.751107,734.51596,176.04789,443.55994,750.44490,223.32399,123.235100,998.033103,800.61885,280.05758,752.87867,671.63477,368.10264,416.50463,465.11768,579.75788,383.3987,688.524101,014.5363,901.24432,085.00517,549.63819,066.38722,404.93120,356.11312,607.30611,522.05514,033.85901.407798.916782.611826.914711.795667.804615.399614.371528.4281,872.478261.717633.065334.5821,216.511176.3781,99946.81900350
Total Liabilities 529,631.899590,908.098540,707.507533,318.902533,203.199573,816.058504,382.687509,313.193482,990.751496,420.315468,836.586489,599.515493,651.148484,630.677504,131.319479,270.738424,027.352393,901.966372,342.206333,478.739316,750.5296,644.038288,496.683268,040.05245,921.143224,138.351211,505.3219,645.436210,510.955206,309.851179,332.187166,191.383172,560.021183,143.389186,422.747197,377.523204,491.797243,223.796251,264.07316,936.036204,296.137151,811.88991,158.49567,279.26962,811.4855,972.856,839.86562,763.25265,756.4149,768.86249,777.22951,729.87249,612.39244,188.23642,912.60451,611.955,087.80971,382.89257,411.27964,903.75775,684.29473,896.57646,873.1439,499.26471,975.50673,816.78748,563.07215,589.359,886.099
Equity:
Preferred Stock 000000000000000000000000000000000263.574510.467988.724944.6960134.7690014.644224.458221.389223.077328.814223.155214.346188.01600000000000000000000
Common Stock 8,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5278,696.5276,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4096,699.4095,808.1365,808.1365,808.1365,808.1365,808.1365,808.1365,808.1365,808.1365,808.1365,808.1364,661.14,661.14,661.14,661.14,661.14,661.14,661.14,661.14,661.14,661.14,661.13,585.4613,585.4613,585.4613,585.4613,585.4613,585.4613,585.4613,226.9153,226.9153,226.9153,226.9153,226.9153,226.9152,400.281
Retained Earnings 40,535.44938,345.08236,825.76335,360.17635,591.58933,493.51732,987.57331,322.27831,045.87828,779.25428,496.34126,510.51329,053.52427,732.67126,961.31624,417.425,320.64622,919.08625,844.21723,161.52820,839.08819,256.08619,488.7318,385.12518,994.617,153.38917,075.27216,010.68917,814.39316,993.79417,262.85815,643.84915,732.29514,357.77914,313.77813,471.58213,673.3212,664.36713,635.04715,043.57211,930.9669,268.0629,073.7348,790.9938,137.6617,426.4917,393.956,858.3567,088.2246,473.1756,545.4116,276.9086,564.6416,027.4266,428.5526,047.3666,441.0185,647.1115,375.2016,483.9135,900.4125,118.9483,539.8782,536.821,928.4992,279.3762,233.171688.575-292.705
Accumulated Other Comprehensive Income/Loss 0065,452.24125,048.14365,014.72124,424.51262,868.56722,790.09662,722.81922,336.42561,449.35520,828.57260,860.42920,712.80958,967.40718,538.68958,836.4115,245.53155,666.14615,595.86643,460.20115,821.41543,317.05815,722.2243,258.92315,471.14643,269.56315,315.64442,771.69715,212.66742,879.82215,161.15436,352.892-263.574-510.467-988.724-944.696356.932-134.769443.72251.707-14.644-224.458-221.389-223.077-328.814-223.155-214.346-188.01600000000000000000000
Other Total Stockholders Equity 82,349.2683,137.02115,00080,395.01415,00079,771.38315,00078,136.96815,00077,698.81514,985.84976,175.44310,30076,073.83215,00073,899.71115,00074,121.19116,484.53659,561.87516,416.00659,092.82513,912.16557,153.26513,880.50356,870.048055,639.92212,790.33955,607.62811,498.78354,193.87711,498.78339,032.723-510.46729,521.68428,576.98829,878.61626,340.92726,919.41626,475.69626,446.40825,426.89125,070.65515,166.46415,398.11814,547.55414,815.84514,636.13814,631.36514,128.76414,123.76114,039.41713,980.46513,414.73614,722.07214,764.14114,743.26813,986.89113,732.37113,820.71213,901.7482,534.2752,138.6581,721.9152,069.141754.023250.67949.552
Total Shareholders Equity 131,581.235130,178.629125,974.53109,451.717109,302.837121,961.427119,552.668118,155.772117,465.223115,159.077113,628.071111,382.484108,910.48112,503.03109,625.25107,013.638107,853.583105,736.804106,691.42689,422.81187,414.70485,048.3283,417.36382,237.79982,833.43580,722.84679,834.58378,350.0280,075.83879,230.14978,340.87476,537.13670,283.37959,826.33749,133.13147,812.67848,058.44348,351.11945,784.10947,771.12344,466.50441,537.2540,308.76139,891.17327,965.22627,159.31626,602.60526,120.95526,385.46225,765.6425,335.27525,061.76825,265.15824,668.9924,504.38824,354.89924,790.6223,975.8422,947.55423,801.74523,306.58522,606.1579,301.0687,902.3936,877.3297,575.4326,214.1094,166.1692,157.127
Total Equity 131,655.859130,252.233126,053.093109,529.489109,379.408122,036.932119,634.426118,240.877117,548.569115,241.565113,723.985111,476.797109,002.498112,590.45109,710.652107,102.597107,939.288105,824.712106,781.5789,508.52787,498.45385,127.8583,502.11782,318.92582,907.74880,792.35479,907.61878,432.99780,168.86379,333.70478,439.03776,625.76770,377.2659,915.03949,211.66947,887.09848,141.948,431.78945,854.48747,858.61344,536.12441,596.16140,338.55439,918.14427,992.36327,184.3826,617.0126,125.90526,387.44625,767.6425,335.27525,061.76825,265.15824,668.9924,504.38824,354.89924,790.6223,975.8422,947.55423,801.74523,306.58522,615.7379,582.6148,137.7956,877.3297,575.4326,214.1094,166.1692,157.127
Total Liabilities & Shareholders Equity 661,287.758721,160.331666,760.601642,951.472642,582.607695,852.99624,017.113627,554.07600,539.32611,661.88582,560.572601,076.312602,653.646597,221.127613,841.971586,373.335531,966.64499,726.678479,123.776422,987.266404,248.953381,771.888371,998.8350,358.975328,828.892304,930.705291,412.917298,078.433290,679.819285,643.555257,771.224242,817.15242,937.28243,058.428235,634.416245,264.621252,633.697291,655.585297,118.557364,794.649248,832.262193,408.05131,497.049107,197.41290,803.84383,157.1883,456.87588,889.15792,143.85575,536.50175,112.50576,791.6474,877.5568,857.22767,416.99375,966.879,878.42995,358.73280,358.83488,705.50398,990.8896,512.31356,455.75547,637.05978,852.83581,392.21954,777.18119,755.5212,043.226