China Merchants Securities Co., Ltd.

SHSE:600999 Stock Report

Market Cap: CN¥162.5b

China Merchants Securities Past Earnings Performance

Past criteria checks 5/6

China Merchants Securities has been growing earnings at an average annual rate of 2.9%, while the Capital Markets industry saw earnings growing at 0.8% annually. Revenues have been declining at an average rate of 2.5% per year. China Merchants Securities's return on equity is 7.5%, and it has net margins of 47%.

Key information

2.9%

Earnings growth rate

0.6%

EPS growth rate

Capital Markets Industry Growth12.1%
Revenue growth rate-2.5%
Return on equity7.5%
Net Margin47.0%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

China Merchants Securities Co., Ltd.'s (SHSE:600999) Shares Bounce 33% But Its Business Still Trails The Market

Oct 01
China Merchants Securities Co., Ltd.'s (SHSE:600999) Shares Bounce 33% But Its Business Still Trails The Market

Investors Aren't Buying China Merchants Securities Co., Ltd.'s (SHSE:600999) Earnings

Feb 29
Investors Aren't Buying China Merchants Securities Co., Ltd.'s (SHSE:600999) Earnings

Revenue & Expenses Breakdown

How China Merchants Securities makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SHSE:600999 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2419,0088,940290
30 Jun 2418,3188,2111940
31 Mar 2419,1908,0892800
31 Dec 2319,6768,1922890
30 Sep 2318,4457,5781250
30 Jun 2319,3737,9333,6750
31 Mar 2320,1218,2271960
31 Dec 2219,0577,4583610
30 Sep 2223,0258,6245500
30 Jun 2225,7679,4644750
31 Mar 2227,0539,7225300
31 Dec 2129,31510,8434660
30 Sep 2128,1049,9202050
30 Jun 2127,05810,101-500
31 Mar 2125,3239,505-350
31 Dec 2024,2458,690330
30 Sep 2023,7278,9284300
30 Jun 2021,7046,9144940
31 Mar 2018,9596,1516190
31 Dec 1918,7296,4803710
30 Sep 1916,3595,3752310
30 Jun 1915,0115,3191080
31 Mar 1913,2894,6581270
31 Dec 1811,3383,6232590
30 Sep 1811,7594,0944900
30 Jun 1812,4534,4485130
31 Mar 1813,3884,9114090
31 Dec 1713,5325,1943930
30 Sep 1712,5355,5965560
30 Jun 1712,1905,7145560
31 Mar 1711,9075,7695560
31 Dec 1611,4675,4035560
30 Sep 1614,5836,0542830
30 Jun 1614,5445,8361570
31 Mar 1621,8879,2552830
31 Dec 1525,19810,9092830
30 Sep 1523,60910,1512320
30 Jun 1523,2539,8002460
31 Mar 1514,9285,8022320
31 Dec 1410,9993,8512320
30 Sep 148,2303,1832100
30 Jun 146,7882,5502210
31 Mar 146,3152,3282100
31 Dec 136,0702,2322100

Quality Earnings: 600999 has high quality earnings.

Growing Profit Margin: 600999's current net profit margins (47%) are higher than last year (41.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 600999's earnings have grown by 2.9% per year over the past 5 years.

Accelerating Growth: 600999's earnings growth over the past year (18%) exceeds its 5-year average (2.9% per year).

Earnings vs Industry: 600999 earnings growth over the past year (18%) exceeded the Capital Markets industry -12.6%.

Return on Equity

High ROE: 600999's Return on Equity (7.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 05:13
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Merchants Securities Co., Ltd. is covered by 33 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sau Shing ChowABCI Securities Company Limited
Susie LiuBofA Global Research
Yung ChenCCB International Securities Limited