Mei Ri Jing Ji Xin Wen·2026-02-25 12:17Core Viewpoint - China Merchants Securities is selling five properties in Shenzhen for a total price of approximately 148 million yuan, which is a strategic move to activate idle assets rather than a significant financial necessity [1][4]. Group 1: Company Actions - The properties being sold were purchased in the 1990s, indicating they are older assets that the company is now looking to divest [1][4]. - The sale is part of a broader trend among securities firms, including Hongta Securities and Huaxi Securities, to dispose of or lease old properties, with some properties seeing appreciation rates as high as 802.17% [1][5]. - The specific properties include parts of the Bao'an Plaza and the Jiahe Huqiang Building, with the total sale price set at approximately 148 million yuan [2][3]. Group 2: Financial Impact - The expected net profit for China Merchants Securities in 2025 is 12.3 billion yuan, making the impact of this property sale on overall financial performance relatively minor [1][4]. - The company reported a revenue of 24.9 billion yuan and a net profit growth of 19.19% year-on-year, indicating strong financial health despite the asset sale [4]. Group 3: Industry Trends - The trend of divesting non-core assets and activating idle assets has become a common practice in the securities industry since 2025 [5][6]. - Other firms, such as Huaxi Securities and Founder Securities, are also engaging in similar asset management strategies, including leasing and selling properties to enhance operational efficiency [5][6].