China Merchants Bank Co., Ltd.

China Merchants Bank Co., Ltd.

CIHHF
China Merchants Bank Co., Ltd.US flagOther OTC
5.92
USD
- -
- -
149.30BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.89
6.58
7.99
8.3
8.71
9.61
10.45
11.2
12.58
13.04
12.93
12.77
12.6
13.08
Basic EPS, GAAP
2.3
2.22
2.29
2.46
2.78
3.13
3.62
3.79
4.61
5.26
5.63
5.66
5.7
5.89
Free Cash Flow per Basic Share
4.93
10.48
15.53
-5.47
-0.87
-2.07
-0.76
15.66
6.07
20.4
12.58
15.72
16.07
17.82
Dividend per Share
0.76
0.69
0.79
1.19
1.31
1.35
1.68
2.02
1.81
2.15
2.16
2.33
2.34
2.41
Book Value per Share
6.06
6.5
7.48
8.89
10.19
11.64
13.52
15.4
17.45
19.75
22.8
25.15
26.76
27
Tangible Book Value per Share
11.25
11.98
13.82
15.43
16.85
19.05
21.98
26.34
31.25
34.64
39.99
45.38
46.97
49.65
Basic Weighted Avg Shares
22,497
25,185
25,195
25,236
25,234
25,738
25,654
25,684
26,013
26,238
26,039
26,217
26,348
25,242
Sales/Revenue/Turnover
132,516
165,705
201,335
209,399
219,899
247,246
267,980
287,601
327,223
342,258
336,647
334,856
332,059
330,208
Operating Margin (%)
51.25
43.91
36.88
37.11
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
2,906
3,334
3,923
4,264
5,272
5,831
11,323
12,712
13,531
14,606
15,439
15,590
15,392
- -
Net Income, GAAP
51,743
55,911
57,696
62,081
70,150
80,560
92,867
97,342
119,922
138,012
146,602
148,391
150,181
148,578
Effective Tax Rate (%)
24.38
23.67
22.72
21
22.1
24.11
20.24
19.99
18.45
15.64
16.2
16.28
15.57
15.92
Profit Margin (%)
39.05
33.74
28.66
29.65
31.9
32.58
34.65
33.85
36.65
40.32
43.55
44.31
45.23
45
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
194,068
200,758
430,278
523,958
569,211
628,876
758,491
503,900
631,107
443,861
436,552
471,075
405,441
433,192
Total Equity
265,956
315,060
361,758
403,362
476,490
543,605
617,707
730,354
865,681
954,238
1,085,729
1,233,475
1,280,899
1,296,860
Return on Invested Capital (%)
11.9
11.15
8.61
7.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
42.62
37.26
32.75
30.08
29.15
28.95
28.73
26.23
28.24
28.4
26.37
23.69
22.02
22.89

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
27,468
27,468
27,468
Shares Outstanding
25,220
25,220
25,220
Market Capitalization
864,765
1,126,861
1,175,715

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,212,666
1,155,280
1,236,814
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.56%
12%
3.84%
Free Cash Flow
-213.2%
33.6%
2.72%
Net Income, GAAP
10.25%
9.39%
1.21%
Sales/Revenue/Turnover
5.25%
3.07%
-0.84%
Total Cash Common Dividend
12.95%
4.02%
1.18%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
86,417
84,978
79,764
82,147
334,856
2025
83,751
84,546
80,639
- -
332,059
2026
86,940
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.51
- -
1.52
- -
5.66
2025
1.48
- -
- -
- -
5.7
2026
1.49
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
- -
2.12
- -
2.33
2025
0.03
- -
- -
- -
2.34
2026
1.05
- -
- -
- -
- -

Company Description

APIChat
CEO
Liang Wang
Full Time Employees
117,201
Sector
Financial Services
Industry
Banks - Regional
Address
China Merchants Bank Tower Shenzhen People's Republic of China 518040
IPO Date
Jun 8, 2007
Business
China Merchants Bank Co., Ltd. (CIHHF) operates as a leading joint-stock commercial bank in China, providing a comprehensive range of retail finance, corporate finance, investment banking, financial markets, and wealth and asset management services; its core offerings include personal savings, loans, bank cards, foreign exchange and stock trading, gold trading, corporate loans, international settlements, trade financing, assets custody, mergers and acquisitions advisory, fixed income products, syndication loans, credit cards, wealth management products under brands such as Sunflower Wealth Management, fund and insurance agency distribution, custody services, and digital banking via platforms like the CMB App and CMB Life App with over 117 million monthly active users. Founded in 1987 and headquartered at 7088 Shennan Boulevard, Futian District, Shenzhen, Guangdong Province, the bank maintains an extensive network of 143 branches and 1,781 sub-branches across more than 130 cities in mainland China, six overseas branches, and representative offices in locations including Hong Kong, New York, London, Singapore, Luxembourg, and Taipei; it serves 197 million retail customers and 2.82 million corporate clients, with total assets of RMB 11.03 trillion and subsidiaries encompassing CMB Wing Lung Bank, CMB Financial Leasing, CMB Wealth Management, China Merchants Fund Management, and CIGNA & CMB Life Insurance. Recent developments include the tokenization of its CMB International USD Money Market Fund, valued at US$3.5 billion, by Hong Kong subsidiary CMB International Asset Management on the BNB Chain in October 2025 to expand access for accredited investors via fiat and stablecoin subscriptions; approval in November 2025 for its financial asset investment unit to commence operations; and a strategic shift announced by President Wang Liang in November 2025 toward transformation, upgrading, and value creation, emphasizing internationalization, integration, differentiation, and digital intelligence in the Greater Bay Area while advancing sci-tech, green, inclusive, and intelligent manufacturing finance.

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