


Company Overview - As of September 11, 2023, China Merchants Securities' stock price increased by 2.00%, reaching 18.34 CNY per share, with a trading volume of 389 million CNY and a turnover rate of 0.29%, resulting in a total market capitalization of 159.49 billion CNY [1] - The company was established on August 1, 1993, and listed on November 17, 2009. Its main business areas include wealth management, institutional business, investment banking, investment management, and trading [1] - The revenue composition of the company is as follows: wealth management and institutional business 56.39%, investment and trading 24.32%, other 10.57%, investment management 4.90%, and investment banking 3.83% [1] Financial Performance - For the first half of 2025, China Merchants Securities reported a net profit attributable to shareholders of 5.186 billion CNY, representing a year-on-year growth of 9.23% [2] - The company has distributed a total of 37.668 billion CNY in dividends since its A-share listing, with 8.992 billion CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 4.32% to 142,800, with an average of 0 shares per shareholder [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 229 million shares, an increase of 19.8317 million shares compared to the previous period [3] Market Activity - Year-to-date, the stock price has decreased by 2.36%, with a 1.33% increase over the last five trading days, a 0.49% increase over the last twenty days, and a 13.12% increase over the last sixty days [1] - The net inflow of main funds was 25.9712 million CNY, with large orders accounting for 26.77% of purchases and 24.78% of sales [1]