China Merchants Bank Co., Ltd. (SHA:600036)

China Merchants Bank Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	298,810	297,630	296,883	297,845	288,032	265,291
Revenue Growth	1.07%	0.25%	-0.32%	3.41%	8.57%	17.59%
Net Income Net Income Growth	144,440	143,874	142,810	142,044	132,775	116,309
Earnings Per Share EPS Growth	5.71	5.70	5.66	5.63	5.26	4.61
EPS Growth	1.43%	0.71%	0.53%	7.03%	14.10%	21.64%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Wholesale Finance Business Operating Income Wholesale Finance Business Operating Income Growth	137,939	137,939	135,393	134,625	142,094	142,618
Retail Finance Business Operating Income Retail Finance Business Operating Income Growth	190,988	190,988	196,784	194,315	191,415	179,014
Other Business Operating Income Other Business Operating Income Growth	2,873	2,873	2,312	7,662	8,706	5,745

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,800,973	1,031,293	948,695	799,100	733,294	1,124,407
Total Debt Total Debt Growth	691,306	630,580	782,201	972,873	707,044	976,036
Net Cash (Debt) Net Cash Growth	1,109,667	400,713	166,494	-173,773	26,250	148,371
Net Cash Growth	37.03%	140.68%	-	-	-82.31%	-
Net Cash Per Share Net Cash Per Share Growth	43.91	15.89	6.60	-6.89	1.04	5.88

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	482,280	451,457	447,023	357,753	570,143	182,048
Capital Expenditures CapEx Growth	-30,469	-28,141	-34,930	-30,161	-34,892	-24,160
Free Cash Flow Free Cash Flow Growth	451,811	423,316	412,093	327,592	535,251	157,888
Free Cash Flow Growth	-12.47%	2.72%	25.80%	-38.80%	239.01%	-60.74%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Profit Margin	48.34%	48.34%	48.10%	47.69%	46.10%	43.84%
FCF Margin	151.20%	142.23%	138.81%	109.99%	185.83%	59.51%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 12, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	2.006	2.016	2.000	1.972	1.738	1.522
Dividend Per Share Growth	0.80%	0.80%	1.42%	13.46%	14.19%	21.47%
Dividend Yield	5.16%	5.05%	5.60%	8.27%	5.74%	4.01%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 12, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	6.82	7.55	6.89	4.84	7.12	10.59
Forward PE	6.42	7.00	6.65	4.59	6.30	9.70
P/FCF Ratio	2.20	2.57	2.39	2.10	1.77	7.80
PS Ratio	3.33	3.65	3.31	2.31	3.28	4.64

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 8, 2026

Data Sources Report a data error