China Merchants Bank Co., Ltd.

China Merchants Bank Co., Ltd.

CIHKY
China Merchants Bank Co., Ltd.US flagOther OTC
30.43
USD
-0.64
- -
153.49BMarket 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
29.45
32.9
39.96
41.49
43.57
48.03
52.23
55.99
62.89
65.22
64.64
63.86
63.02
65.41
Basic EPS, GAAP
11.5
11.1
11.45
12.3
13.9
15.65
18.1
18.95
23.05
26.3
28.15
28.3
28.5
29.43
Free Cash Flow per Basic Share
24.66
52.42
77.66
-27.37
-4.36
-10.34
-3.81
78.3
30.35
102
62.9
78.59
80.33
89.09
Dividend per Share
3.8
3.45
3.97
5.94
6.57
6.75
8.38
10.09
9.05
10.77
10.82
11.64
11.72
12.05
Book Value per Share
30.3
32.52
37.41
44.45
50.93
58.2
67.6
76.99
87.23
98.75
113.98
125.74
133.79
134.99
Tangible Book Value per Share
56.23
59.92
69.1
77.17
84.26
95.27
109.92
131.72
156.24
173.18
199.93
226.88
234.84
248.26
Basic Weighted Avg Shares
4,499
5,037
5,039
5,047
5,047
5,148
5,131
5,137
5,203
5,248
5,208
5,243
5,270
5,048
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
931,143
1,086,917
1,265,069

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
7.55
- -
7.6
- -
28.3
2025
7.4
- -
- -
- -
28.5
2026
7.45
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.37
- -
10.61
- -
11.64
2025
0.17
- -
- -
- -
11.72
2026
5.27
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Liang Wang
Full Time Employees
121,585
Sector
Financial Services
Industry
Banks - Regional
Address
China Merchants Bank Tower Shenzhen GD People's Republic of China 518040
IPO Date
Apr 6, 2011
Business
China Merchants Bank Co., Ltd. and its affiliated entities deliver an extensive array of financial products and services. The institution organizes its operations across distinct segments: Corporate Finance, Retail Banking, and Treasury Activities. Within its robust retail offerings, the bank provides a variety of deposit accounts, including current, demand, time, call, savings, notice, and Renminbi options. Its loan portfolio for individual clients features products like personal commercial real estate financing, consumer credit, housing mortgages, and vehicle loans, alongside specialized loans for overseas education and micro-business support. The bank also issues diverse credit card products and distributes insurance and open-ended funds. For its corporate clientele, the bank offers a comprehensive suite of services such as corporate deposits and lending, including liquid capital and fixed asset loans, vessel financing, as well as bank acceptance and discount facilities. Beyond traditional banking, it provides commercial bill guarantees, debt financing underwriting, merger and acquisition advisory, and equity financing for enterprises seeking public listing. Furthermore, China Merchants Bank engages in forfaiting, risk participation, escrow services, and cross-border RMB clearing and interbank transactions. The bank additionally extends services in risk management, international factoring, trade finance, wealth management, forex options, gold trading, and offshore and private banking solutions, leveraging its multi-license advantages to offer integrated, full-cycle services. As of June 30, 2025, the bank maintains an expansive domestic presence with 143 branches and 1,800 sub-branches across over 130 cities in mainland China. Its international footprint includes branches in major financial hubs such as Hong Kong, New York, London, Singapore, and Sydney, in addition to a representative office in Taipei. The company was established in 1987, making it the first joint-stock commercial bank in mainland China wholly owned by corporate legal entities, and is headquartered in Shenzhen, China. China Merchants Bank has been recognized for its innovative, customer-centric approach, particularly in digital banking and wealth management, earning accolades such as "Asia's best bank for consumers 2025." The bank also maintains an AAA MSCI ESG rating, positioning it as a leader among global peers.

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