


Company Overview - As of September 12, 2023, China Merchants Securities' stock price decreased by 2.00%, trading at 18.10 CNY per share with a total market capitalization of 157.407 billion CNY [1] - The company was established on August 1, 1993, and listed on November 17, 2009, with its main business segments including wealth management and institutional business (56.39%), investment and trading (24.32%), other services (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 cumulatively distributed 37.668 billion CNY in dividends since its A-share listing, with 8.992 billion CNY distributed over the last 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 sixth largest circulating shareholder, Hong Kong Central Clearing Limited, increased its holdings by 19.8317 million shares to a total of 229 million shares [3] Market Activity - The stock has experienced a decline of 3.64% year-to-date, with a slight decrease of 0.49% over the last five trading days and a 3.52% decline over the last 20 days, while showing an increase of 11.50% over the last 60 days [1] - The net outflow of main funds was 68.1049 million CNY, with large orders showing a buy of 1.08 billion CNY and a sell of 1.35 billion CNY [1]