


Core Viewpoint - The company, China Merchants Securities, reported a positive performance in its 2025 interim financial results, with significant year-on-year growth in revenue and net profit, alongside a planned cash dividend distribution for shareholders [1][2][4]. Financial Performance Summary - For the first half of 2025, the company achieved a total revenue of 10.52 billion yuan, representing a year-on-year increase of 9.64% [1][4]. - The net profit attributable to shareholders reached 5.186 billion yuan, up 9.23% compared to the previous year [1][4]. - The second quarter of 2025 saw a single-quarter revenue of 5.807 billion yuan, also reflecting a 9.64% year-on-year growth [1]. - The net profit for the second quarter was 2.878 billion yuan, marking an 11.11% increase year-on-year [1][4]. - The company's debt ratio stood at 80.46%, with investment income reported at 6.544 billion yuan [1]. Dividend Distribution Summary - The board of directors approved a mid-term profit distribution plan, proposing a cash dividend of 1.19 yuan per 10 shares (tax included), with no stock dividends or capital reserve transfers [2][4]. - The total amount of profit to be distributed is approximately 1.034 billion yuan, based on a total share capital of 8,696,526,806 shares as of June 30, 2025 [2]. - The cash dividend is expected to be distributed by October 28, 2025, with specific dates to be announced later [3][4].