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

SHA:600999 Statistics

Total Valuation

SHA:600999 has a market cap or net worth of CNY 131.94 billion.

Market Cap	131.94B
Enterprise Value	n/a

Important Dates

The last earnings date was Wednesday, April 29, 2026.

Earnings Date	Apr 29, 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)	n/a
Owned by Insiders (%)	n/a
Owned by Institutions (%)	14.72%
Float	3.27B

Valuation Ratios

The trailing PE ratio is 10.38 and the forward PE ratio is 9.79. SHA:600999's PEG ratio is 1.36.

PE Ratio	10.38
Forward PE	9.79
PS Ratio	4.84
PB Ratio	0.93
P/TBV Ratio	0.94
P/FCF Ratio	5.35
P/OCF Ratio	5.17
PEG Ratio	1.36

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 1.37, with a Debt / Equity ratio of 2.55.

Current Ratio	1.37
Quick Ratio	1.21
Debt / Equity	2.55
Debt / EBITDA	n/a
Debt / FCF	14.60
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 9.73% and return on invested capital (ROIC) is 2.65%.

Return on Equity (ROE)	9.73%
Return on Assets (ROA)	1.83%
Return on Invested Capital (ROIC)	2.65%
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	1.90%
Revenue Per Employee	2.13M
Profits Per Employee	994,057
Employee Count	12,792
Asset Turnover	0.04
Inventory Turnover	n/a

Taxes

In the past 12 months, SHA:600999 has paid 2.12 billion in taxes.

Income Tax	2.12B
Effective Tax Rate	13.77%

Stock Price Statistics

The stock price has decreased by -4.73% in the last 52 weeks. The beta is 0.52, so SHA:600999's price volatility has been lower than the market average.

Beta (5Y)	0.52
52-Week Price Change	-4.73%
50-Day Moving Average	15.88
200-Day Moving Average	17.02
Relative Strength Index (RSI)	51.05
Average Volume (20 Days)	35,501,655

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 27.27 billion and earned 12.72 billion in profits.

Revenue	27.27B
Gross Profit	16.36B
Operating Income	15.68B
Pretax Income	15.40B
Net Income	12.72B
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	n/a

Balance Sheet

The company has 447.96 billion in cash and 360.22 billion in debt, with a net cash position of 87.74 billion or 10.09 per share.

Cash & Cash Equivalents	447.96B
Total Debt	360.22B
Net Cash	87.74B
Net Cash Per Share	10.09
Equity (Book Value)	141.36B
Book Value Per Share	n/a
Working Capital	179.31B

Cash Flow

In the last 12 months, operating cash flow was 25.54 billion and capital expenditures -864.19 million, giving a free cash flow of 24.67 billion.

Operating Cash Flow	25.54B
Capital Expenditures	-864.19M
Depreciation & Amortization	n/a
Net Borrowing	60.10B
Free Cash Flow	24.67B
FCF Per Share	2.84

Margins

Gross margin is 60.00%, with operating and profit margins of 57.50% and 48.82%.

Gross Margin	60.00%
Operating Margin	57.50%
Pretax Margin	56.48%
Profit Margin	48.82%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	90.47%

Dividends & Yields

This stock pays an annual dividend of 0.57, which amounts to a dividend yield of 3.61%.

Dividend Per Share	0.57
Dividend Yield	3.61%
Dividend Growth (YoY)	40.51%
Years of Dividend Growth	2
Payout Ratio	67.91%
Buyback Yield	n/a
Shareholder Yield	3.61%
Earnings Yield	9.64%
FCF Yield	18.70%

Fair Value

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

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	n/a
Graham Upside	n/a

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	6