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China Merchants Bank Co., Ltd. 3968.HK
HK · Hong Kong Stock Exchange · XHKG · stock · Financial Services · website
China Merchants Bank Co., Ltd. financials (annual)
Bars are annual figures from 2022 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | CN¥332.1B | CN¥334.9B | CN¥336.6B | CN¥342.3B |
| SG&A expense | CN¥30.8B | CN¥30.6B | CN¥46.7B | CN¥103.7B |
| Interest expense | CN¥135.8B | CN¥163.0B | CN¥160.9B | CN¥135.1B |
| Income tax | CN¥27.9B | CN¥29.1B | CN¥28.6B | CN¥25.8B |
| Net income | CN¥150.2B | CN¥148.4B | CN¥146.6B | CN¥138.0B |
| EPS (diluted) | CN¥5.70 | CN¥5.66 | CN¥5.63 | CN¥5.26 |
| Operating cash flow | CN¥451.5B | CN¥447.0B | CN¥357.8B | CN¥570.1B |
| Free cash flow | CN¥423.3B | CN¥412.1B | CN¥327.6B | CN¥535.3B |
| Cash & equivalents | CN¥1.32T | CN¥1.21T | CN¥1.07T | CN¥960.9B |
| Goodwill | CN¥10.0B | CN¥10.0B | CN¥10.0B | CN¥10.0B |
| Total assets | CN¥13.07T | CN¥12.15T | CN¥11.03T | CN¥10.14T |
| Total debt | CN¥405.4B | CN¥471.1B | CN¥436.6B | CN¥443.9B |
| Total liabilities | CN¥11.79T | CN¥10.92T | CN¥9.94T | CN¥9.18T |
| Shareholders' equity | CN¥1.27T | CN¥1.23T | CN¥1.08T | CN¥945.5B |
Growth · year-over-year · Revenue CAGR -1%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue growth | -0.8% | -0.5% | -1.6% | — |
| Net income growth | +1.2% | +1.2% | +6.2% | — |
| EPS growth | +0.7% | +0.5% | +7.0% | — |
| Free cash flow growth | +2.7% | +25.8% | -38.8% | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.