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China Merchants Securities Co., Ltd. (600999.SS)
Shenzhen, CN
Headquartered in Shenzhen, People's Republic of China, China Merchants Securities Co., Ltd. is a prominent financial services firm established in 1991. It delivers a comprehensive suite of investment and trading solutions to a diverse clientele, encompassing corporate entities, institutional investors, and individual clients across China. The company's operations are structured across four core divisions: Wealth Management and Institutional Business, Investment Banking, Investment Management, and Investment and Trading. Under its Wealth Management and Institutional Business arm, the firm offers strategic investment advice, personalized portfolio creation, product distribution, and asset allocation strategies. It also facilitates capital-based intermediary services, such as margin financing, securities lending, and stock repurchase agreements. Furthermore, this segment provides specialized services for institutional players like funds and insurance companies, including investment research, sales and trading support, and prime brokerage. The Investment Banking division specializes in a broad spectrum of services, from facilitating domestic and international equity and debt financing, to underwriting equity and bond issuances. It also handles structured financing arrangements, assists with Over-the-Counter (OTC) listings, advises on mergers and acquisitions (M&A), and provides general financial advisory expertise. Within Investment Management, the company provides diverse asset management solutions, including collective investment schemes, separately managed accounts, specialized asset management mandates, and comprehensive equity investment fund management. Finally, the Investment and Trading segment is actively involved in proprietary trading across various asset classes, such as equities, fixed-income instruments, commodities, foreign exchange, and alternative investments, including derivatives. This segment further provides Over-the-Counter (OTC) financial products, acts as a market maker, and offers insurance agency services.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.47% | -0.37% | +1.01% | -5.26% | -6.42% | -3.61% | -5.20% | +11.23% | -11.53% | +23.86% | -25.19% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2024-11 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 5 | 0 |
| Hold | 4 | 0 |
| Sell | 5 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Financial - Capital Markets: +19.7%+19.4% Q1'26: +79.5% (vs Q1'25)
-
EPS growth Financial - Capital Markets: +35.3%+24.8% Q1'26: +44.0% (vs Q1'25)
-
FCF margin FCF growth · Financial - Capital Markets: +29.5%+56.2% Q1'26: +230.6% (vs Q1'25)
-
EBIT margin Financial - Capital Markets: +33.5%+56.2% ★ Q1'26: +45.1% (vs Q1'25)
-
ROIC Financial - Capital Markets: +4.0%+10.4% ★ Q1'26: -5.1% (vs Q1'25)
-
Share dilution Financial - Capital Markets: +0.0%-5.4% ★ Q1'26: -1.6% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×0.00× Q1'26: 15.07× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 7 EPS Ana. |
Dec 2027 6 Rev. Ana. 8 EPS Ana. |
Dec 2028 4 Rev. Ana. 5 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
25.20B
est: 24.51B (+2.8%)
|
11.47B
est: 12.22B (-6.2%)
|
13.53B
est: 13.18B (+2.7%)
|
11.34B
est: 10.78B (+5.2%)
|
18.73B
est: 17.73B (+5.6%)
|
24.24B
est: 24.52B (-1.1%)
|
29.32B
est: 27.09B (+8.2%)
|
19.06B
est: 22.61B (-15.7%)
|
19.68B
est: 18.32B (+7.4%)
|
20.86B
est: 20.87B (-0.1%)
|
24.90B
est: 25.33B (-1.7%)
|
27.94B
26.81B – 28.69B
+10.3% YoY
|
30.01B
26.91B – 32.72B
+7.4% YoY
|
31.93B
31.93B – 31.93B
+6.4% YoY
|
| EBITDA |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
est: 2.06B (-100.0%)
|
—
est: 2.35B (-100.0%)
|
13.99B
est: 2.85B (+391.6%)
|
3.14B
3.01B – 3.22B
+10.3% YoY
|
3.37B
3.02B – 3.68B
+7.4% YoY
|
3.59B
3.59B – 3.59B
+6.4% YoY
|
| EBIT |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
est: 2.06B (-100.0%)
|
—
est: 2.35B (-100.0%)
|
13.99B
est: 2.85B (+391.6%)
|
3.14B
3.01B – 3.22B
+10.3% YoY
|
3.37B
3.02B – 3.68B
+7.4% YoY
|
3.59B
3.59B – 3.59B
+6.4% YoY
|
| Net Income |
10.91B
est: 14.15B (-22.9%)
|
5.40B
est: 6.67B (-19.0%)
|
5.79B
est: 6.26B (-7.6%)
|
4.42B
est: 4.25B (+4.2%)
|
7.28B
est: 7.52B (-3.1%)
|
9.49B
est: 10.32B (-8.0%)
|
11.65B
est: 11.56B (+0.8%)
|
8.07B
est: 8.76B (-7.9%)
|
8.76B
est: 8.21B (+6.7%)
|
10.39B
est: 10.25B (+1.3%)
|
12.30B
est: 12.72B (-3.3%)
|
13.77B
10.96B – 15.35B
+8.3% YoY
|
14.75B
11.34B – 17.63B
+7.1% YoY
|
16.71B
15.64B – 17.21B
+13.3% YoY
|
| SGA |
283.06M
est: 336.04M (-15.8%)
|
555.83M
est: 167.57M (+231.7%)
|
393.15M
est: 180.64M (+117.6%)
|
259.10M
est: 147.81M (+75.3%)
|
370.51M
est: 243.13M (+52.4%)
|
32.71M
est: 336.14M (-90.3%)
|
465.76M
est: 371.40M (+25.4%)
|
361.44M
est: 310.05M (+16.6%)
|
289.48M
est: 246.20M (+17.6%)
|
367.81M
est: 280.53M (+31.1%)
|
—
est: 340.38M (-100.0%)
|
375.51M
360.28M – 385.59M
+10.3% YoY
|
403.40M
361.67M – 439.83M
+7.4% YoY
|
429.11M
429.10M – 429.13M
+6.4% YoY
|
| EPS |
1.56
est: 1.54 (+1.4%)
|
0.75
est: 0.73 (+3.3%)
|
0.65
est: 0.68 (-4.6%)
|
0.45
est: 0.46 (-2.6%)
|
0.80
est: 0.82 (-2.2%)
|
1.06
est: 1.12 (-5.6%)
|
1.25
est: 1.26 (-0.6%)
|
0.86
est: 0.95 (-9.8%)
|
0.94
est: 0.94 (-0.4%)
|
1.13
est: 1.13 (+0.0%)
|
1.41
est: 1.40 (+1.0%)
|
1.59
1.26 – 1.76
+13.6% YoY
|
1.73
1.30 – 2.03
+8.9% YoY
|
1.91
1.80 – 1.98
+10.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-11 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-08 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-07 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-06 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-29 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-28 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-27 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-24 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-23 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-22 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-15 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Da Huo | Chief Information Officer & Executive Chairman of the Board | 3M | male |
| Jiangtao Zhu | President & Executive Director | 2M | male |
| Jianping Wang | Accounting Supervisor | — | male |
| Jie Liu | Vice President, Chief Financial Officer & Joint Company Secretary | — | male |
| Rui Liu | Vice President | — | male |
| Wai-Yee Wong ACIS HKICS HKICS; ICSA UKICSA | Joint Company Secretary | — | female |
| Xing Zhang | VP, Chief Compliance Officer & Chief Risk Officer | — | male |
| Bo Liu | Vice President | — | male |
| Zhijian Wang | VP & Chief Investment Officer | — | male |
| Hongyan Yin | Head of Human Resources Department | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 600999.SS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
