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

SHA:600999 Statistics

Total Valuation

SHA:600999 has a market cap or net worth of CNY 155.01 billion.

Market Cap	155.01B
Enterprise Value	n/a

Important Dates

The last earnings date was Friday, August 29, 2025.

Earnings Date	Aug 29, 2025
Ex-Dividend Date	Jul 16, 2025

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)	-11.57%
Owned by Insiders (%)	0.01%
Owned by Institutions (%)	14.12%
Float	3.33B

Valuation Ratios

The trailing PE ratio is 15.37 and the forward PE ratio is 13.60. SHA:600999's PEG ratio is 1.99.

PE Ratio	15.37
Forward PE	13.60
PS Ratio	7.10
PB Ratio	1.18
P/TBV Ratio	1.19
P/FCF Ratio	4.79
P/OCF Ratio	4.69
PEG Ratio	1.99

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 1.16, with a Debt / Equity ratio of 2.50.

Current Ratio	1.16
Quick Ratio	0.83
Debt / Equity	2.50
Debt / EBITDA	n/a
Debt / FCF	10.16
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 8.46%.

Return on Equity (ROE)	8.46%
Return on Assets (ROA)	1.65%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	1.79M
Profits Per Employee	842,284
Employee Count	13,461
Asset Turnover	0.03
Inventory Turnover	n/a

Taxes

In the past 12 months, SHA:600999 has paid 1.11 billion in taxes.

Income Tax	1.11B
Effective Tax Rate	9.28%

Stock Price Statistics

The stock price has increased by +21.53% in the last 52 weeks. The beta is 0.74, so SHA:600999's price volatility has been lower than the market average.

Beta (5Y)	0.74
52-Week Price Change	+21.53%
50-Day Moving Average	18.26
200-Day Moving Average	17.97
Relative Strength Index (RSI)	45.24
Average Volume (20 Days)	47,129,665

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 21.83 billion and earned 10.25 billion in profits. Earnings per share was 1.18.

Revenue	21.83B
Gross Profit	12.34B
Operating Income	11.78B
Pretax Income	11.94B
Net Income	10.25B
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	1.18

Balance Sheet

The company has 301.21 billion in cash and 328.58 billion in debt, giving a net cash position of -27.37 billion or -3.15 per share.

Cash & Cash Equivalents	301.21B
Total Debt	328.58B
Net Cash	-27.37B
Net Cash Per Share	-3.15
Equity (Book Value)	131.47B
Book Value Per Share	13.28
Working Capital	77.56B

Cash Flow

In the last 12 months, operating cash flow was 33.06 billion and capital expenditures -711.96 million, giving a free cash flow of 32.35 billion.

Operating Cash Flow	33.06B
Capital Expenditures	-711.96M
Free Cash Flow	32.35B
FCF Per Share	3.72

Margins

Gross margin is 56.53%, with operating and profit margins of 53.98% and 49.59%.

Gross Margin	56.53%
Operating Margin	53.98%
Pretax Margin	54.68%
Profit Margin	49.59%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	148.19%

Dividends & Yields

This stock pays an annual dividend of 0.48, which amounts to a dividend yield of 2.59%.

Dividend Per Share	0.48
Dividend Yield	2.59%
Dividend Growth (YoY)	6.80%
Years of Dividend Growth	1
Payout Ratio	74.73%
Buyback Yield	n/a
Shareholder Yield	2.59%
Earnings Yield	6.61%
FCF Yield	20.87%

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	7