China Merchants Securities (600999) H2 2024 earnings summary

Executive summary

• Achieved total operating revenue of RMB 20.87 billion in 2024, up 5.3% year-over-year.

• Net profit attributable to shareholders reached RMB 10.37 billion, an 18.29% increase year-over-year.

• Focused on income growth, transformation, and cost efficiency amid complex market conditions.

Financial highlights

• Operating profit rose 20.54% year-over-year to RMB 11.21 billion.

• Total assets at year-end were RMB 721.65 billion, up 3.71% from the previous year.

• Basic EPS increased 20.21% to RMB 1.13.

• Net assets per share rose 7.64% to RMB 13.24.

Outlook and guidance

• Management notes preliminary results may differ from audited annual report figures.

• Emphasized ongoing efforts to adapt and improve operational quality in a challenging market.