China Merchants Securities Past Earnings Performance
Past criteria checks 3/6
China Merchants Securities has been growing earnings at an average annual rate of 6.8%, while the Capital Markets industry saw earnings growing at 8.8% annually. Revenues have been growing at an average rate of 2.9% per year. China Merchants Securities's return on equity is 7%, and it has net margins of 42.2%.
Key information
6.8%
Earnings growth rate
2.6%
EPS growth rate
| Capital Markets Industry Growth | 12.1% |
| Revenue growth rate | 2.9% |
| Return on equity | 7.0% |
| Net Margin | 42.2% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How China Merchants Securities makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 19,190 | 8,089 | 280 | 0 |
| 31 Dec 23 | 19,676 | 8,192 | 289 | 0 |
| 30 Sep 23 | 18,406 | 7,580 | 125 | 0 |
| 30 Jun 23 | 19,170 | 7,935 | 342 | 0 |
| 31 Mar 23 | 20,121 | 8,227 | 196 | 0 |
| 31 Dec 22 | 19,057 | 7,458 | 361 | 0 |
| 30 Sep 22 | 23,025 | 8,624 | 550 | 0 |
| 30 Jun 22 | 25,610 | 9,464 | 475 | 0 |
| 31 Mar 22 | 27,053 | 9,722 | 530 | 0 |
| 31 Dec 21 | 29,315 | 10,843 | 466 | 0 |
| 30 Sep 21 | 28,104 | 9,920 | 205 | 0 |
| 30 Jun 21 | 27,058 | 10,101 | -50 | 0 |
| 31 Mar 21 | 25,323 | 9,505 | -35 | 0 |
| 31 Dec 20 | 24,245 | 8,690 | 33 | 0 |
| 30 Sep 20 | 23,727 | 8,928 | 430 | 0 |
| 30 Jun 20 | 21,704 | 6,914 | 494 | 0 |
| 31 Mar 20 | 18,959 | 6,151 | 619 | 0 |
| 31 Dec 19 | 18,729 | 6,480 | 371 | 0 |
| 30 Sep 19 | 16,359 | 5,375 | 231 | 0 |
| 30 Jun 19 | 15,011 | 5,319 | 108 | 0 |
| 31 Mar 19 | 13,289 | 4,658 | 127 | 0 |
| 31 Dec 18 | 11,338 | 3,623 | 259 | 0 |
| 30 Sep 18 | 11,759 | 4,094 | 490 | 0 |
| 30 Jun 18 | 12,453 | 4,448 | 513 | 0 |
| 31 Mar 18 | 13,388 | 4,911 | 409 | 0 |
| 31 Dec 17 | 13,532 | 5,194 | 393 | 0 |
| 30 Sep 17 | 12,535 | 5,596 | 556 | 0 |
| 30 Jun 17 | 12,190 | 5,714 | 556 | 0 |
| 31 Mar 17 | 11,907 | 5,769 | 556 | 0 |
| 31 Dec 16 | 11,467 | 5,403 | 556 | 0 |
| 30 Sep 16 | 14,583 | 6,054 | 283 | 0 |
| 30 Jun 16 | 14,544 | 5,836 | 157 | 0 |
| 31 Mar 16 | 21,887 | 9,255 | 283 | 0 |
| 31 Dec 15 | 25,198 | 10,909 | 283 | 0 |
| 30 Sep 15 | 23,609 | 10,151 | 232 | 0 |
| 30 Jun 15 | 23,253 | 9,800 | 246 | 0 |
| 31 Mar 15 | 14,928 | 5,802 | 232 | 0 |
| 31 Dec 14 | 10,999 | 3,851 | 232 | 0 |
| 30 Sep 14 | 8,230 | 3,183 | 210 | 0 |
| 30 Jun 14 | 6,788 | 2,550 | 221 | 0 |
| 31 Mar 14 | 6,315 | 2,328 | 210 | 0 |
| 31 Dec 13 | 6,070 | 2,232 | 210 | 0 |
| 30 Sep 13 | 5,490 | 2,012 | 194 | 0 |
| 30 Jun 13 | 4,985 | 1,744 | 200 | 0 |
Quality Earnings: 600999 has high quality earnings.
Growing Profit Margin: 600999's current net profit margins (42.2%) are higher than last year (40.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 600999's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: 600999's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600999 had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Capital Markets industry average (3.3%).
Return on Equity
High ROE: 600999's Return on Equity (7%) is considered low.