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China Merchants Securities (600999) investor relations material
China Merchants Securities Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached RMB 6.97 billion, up 47.96% year-over-year, with net profit attributable to shareholders at RMB 3.27 billion, a 41.73% increase year-over-year.
Significant growth in self-operated and brokerage business income drove profit expansion.
Cash flow from operating activities turned positive at RMB 19.69 billion, compared to a large outflow in the prior year.
Financial highlights
Total assets at quarter-end were RMB 788.35 billion, up 4.63% from year-end 2025.
Net capital at quarter-end was RMB 90.10 billion, with all risk control indicators meeting regulatory requirements.
Basic and diluted EPS were both RMB 0.36, up 44% year-over-year.
Weighted average ROE was 2.54%, up 0.67 percentage points year-over-year.
Outlook and guidance
Management highlighted continued compliance with regulatory risk controls and robust capital adequacy.
- Record net profit and revenue, robust growth across all segments, and strong risk controls.600999
H2 202528 Mar 2026 - Net profit surged 18.29% year-over-year on 5.3% revenue growth, with improved ROE.600999
H2 202423 Dec 2025 - Net profit up 0.44% to RMB 4.75B, revenue down 11.11%, interim dividend approved.600999
H1 202423 Dec 2025 - Q3 net profit up 43% year-over-year, with robust cash flow and improved profitability.600999
Q3 202423 Dec 2025 - Q1 2025 saw higher revenue and profit, but operating cash flow turned sharply negative.600999
Q1 202523 Dec 2025 - Net profit grew 9.23% year-over-year to ¥5.19 billion, with strong segment contributions.600999
H1 202523 Dec 2025 - Q3 2025 revenue rose 64.89% and net profit jumped 53.45% year-over-year, led by brokerage growth.600999
Q3 202530 Oct 2025
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Next China Merchants Securities earnings date
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