China Merchants Securities Co., Ltd. (SHA:600999)

SHA:600999 Statistics

Total Valuation

SHA:600999 has a market cap or net worth of CNY 133.20 billion.

Market Cap	133.20B
Enterprise Value	n/a

Important Dates

The last earnings date was Friday, March 27, 2026.

Earnings Date	Mar 27, 2026
Ex-Dividend Date	n/a

Share Statistics

SHA:600999 has 8.70 billion shares outstanding.

Current Share Class	7.42B
Shares Outstanding	8.70B
Shares Change (YoY)	n/a
Shares Change (QoQ)	-26.84%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	9.25%
Float	3.50B

Valuation Ratios

The trailing PE ratio is 11.76 and the forward PE ratio is 10.06. SHA:600999's PEG ratio is 1.39.

PE Ratio	11.76
Forward PE	10.06
PS Ratio	5.37
PB Ratio	0.96
P/TBV Ratio	0.97
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	1.39

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.33, with a Debt / Equity ratio of 2.76.

Current Ratio	1.33
Quick Ratio	1.00
Debt / Equity	2.76
Debt / EBITDA	n/a
Debt / FCF	-11.89
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 9.18% and return on invested capital (ROIC) is 2.44%.

Return on Equity (ROE)	9.18%
Return on Assets (ROA)	1.67%
Return on Invested Capital (ROIC)	2.44%
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	1.93%
Revenue Per Employee	1.94M
Profits Per Employee	918,781
Employee Count	12,792
Asset Turnover	0.03
Inventory Turnover	n/a

Taxes

In the past 12 months, SHA:600999 has paid 1.76 billion in taxes.

Income Tax	1.76B
Effective Tax Rate	12.49%

Stock Price Statistics

The stock price has decreased by -6.97% in the last 52 weeks. The beta is 0.58, so SHA:600999's price volatility has been lower than the market average.

Beta (5Y)	0.58
52-Week Price Change	-6.97%
50-Day Moving Average	16.25
200-Day Moving Average	17.13
Relative Strength Index (RSI)	51.48
Average Volume (20 Days)	31,563,741

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, SHA:600999 had revenue of CNY 24.79 billion and earned 11.75 billion in profits. Earnings per share was 1.35.

Revenue	24.79B
Gross Profit	14.74B
Operating Income	14.14B
Pretax Income	14.08B
Net Income	11.75B
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	1.35

Balance Sheet

The company has 334.50 billion in cash and 381.50 billion in debt, with a net cash position of -47.01 billion or -5.41 per share.

Cash & Cash Equivalents	334.50B
Total Debt	381.50B
Net Cash	-47.01B
Net Cash Per Share	-5.41
Equity (Book Value)	138.05B
Book Value Per Share	13.91
Working Capital	156.54B

Cash Flow

In the last 12 months, operating cash flow was -31.37 billion and capital expenditures -722.52 million, giving a free cash flow of -32.09 billion.

Operating Cash Flow	-31.37B
Capital Expenditures	-722.52M
Depreciation & Amortization	n/a
Net Borrowing	29.45B
Free Cash Flow	-32.09B
FCF Per Share	-3.69

Margins

Gross margin is 59.44%, with operating and profit margins of 57.02% and 49.81%.

Gross Margin	59.44%
Operating Margin	57.02%
Pretax Margin	56.78%
Profit Margin	49.81%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 0.57, which amounts to a dividend yield of 3.58%.

Dividend Per Share	0.57
Dividend Yield	3.58%
Dividend Growth (YoY)	40.51%
Years of Dividend Growth	2
Payout Ratio	74.88%
Buyback Yield	n/a
Shareholder Yield	3.65%
Earnings Yield	8.82%
FCF Yield	-24.09%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on July 14, 2011. It was a forward split with a ratio of 1.3.

Last Split Date	Jul 14, 2011
Split Type	Forward
Split Ratio	1.3

Scores

Altman Z-Score	n/a
Piotroski F-Score	4