profit from every HK$100 of sales.
HK$0HK$100
China Merchants Bank
HK$54.55+3.41% today
+11.2% in 1 year
1-year low HK$43.861-year high HK$54.55
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay HK$7.76 for every HK$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What China Merchants Bank sold, what it kept, and what it did with the cash.
Sales went from CN¥342 billion in 2022 to CN¥332 billion in 2025, with CN¥150 billion of profit last year.
SalesProfit
China Merchants Bank handed back 15% of the cash it generated last year.
CN¥61.8B
Free cash flow 2025CN¥423.3B
Bought back its own shares–
Paid as dividendsCN¥61.8B
Cash vs. debtCN¥1.32T vs. CN¥405.4B
China Merchants Bank vs. similar companies
China Merchants Bank grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from HK$100 of sales | Sales growth a year | Price per HK$1 of profit |
|---|---|---|---|
| China Merchants Bank | 7.8× · Cheap | ||
 DBS | 19.0× · Fair price | ||
 UniCredit | 10.0× · Cheap | ||
 Mizuho Financial Group | 15.0× · Cheap | ||
 HDFC Bank | 16.1× · Fair price |
AI analysis
An AI analyst reads China Merchants Bank's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 342,258 | 336,647 | 334,856 | 332,059 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 138,012 | 146,602 | 148,391 | 150,181 | |
| 5.26 | 5.63 | 5.66 | 5.70 | |
| – | – | – | – | |
| – | – | – | – | |
| 40.3% | 43.5% | 44.3% | 45.2% |
Balance sheet
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 10,138,912 | 11,028,483 | 12,152,036 | 13,070,523 |
| Cash | 960,911 | 1,073,586 | 1,212,666 | 1,321,522 |
| Total debt | 443,861 | 436,552 | 471,075 | 405,441 |
| Total liabilities | 9,184,674 | 9,942,754 | 10,918,561 | 11,789,624 |
| 945,503 | 1,076,370 | 1,226,014 | 1,272,875 | |
| 26,238 | 26,039 | 26,217 | 26,348 | |
| – | – | – | – | |
| 14.6% | 13.6% | 12.1% | 11.8% |
Cash flow
| In millions of CNY | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 570,143 | 357,753 | 447,023 | 451,457 | |
| 34,892 | 30,161 | 34,930 | 28,141 | |
| 535,251 | 327,592 | 412,093 | 423,316 | |
| Dividends paid | 56,503 | 56,342 | 61,031 | 61,752 |
| – | – | – | – | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 7.8×
- –
- 2.86
- 0.9×
- 3.5×
- 12.9%
- –
Profitability
- 45.2%
- –
- –
- –
- –
Growth
- −1.0%
- +2.7%
- –
- +0.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 18%of 859
Bottom 21%of 860
Top 4%of 915
News
Nvidia’s Megaspeed ties show potential blind spots in the U.S. effort to block China from accessing advanced chipsMarketWatch · Oct 31, 2026A. O. Smith expects 2026 sales up ~4% excluding China as it plans to close CPE deal in H1 2027Seeking Alpha · Oct 29, 2026Jensen Huang Says Nvidia Counted All GPUs At Firm Under Probe For Spying For ChinaYahoo Finance · Oct 29, 2026On Holding falls after Kylian Mbappé controversy in ChinaSeeking Alpha · Oct 27, 2026Nvidia (NVDA) Has Lost Its China AI Accelerator MarketYahoo Finance · Oct 25, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
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Prices: daily closes to Oct 30, 2026. Fundamentals: company reports via invest-like data. invest-like is an educational tool and not investment advice.