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China Merchants China Direct Investments Limited logo

China Merchants China Direct Investments Limited

0133.HK

HKSEFinancial ServicesAsset Management

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Latest quote

HK$24.38

−HK$0.30 · -1.22%

Aug 24, 10:46 AM HKTData delayed

0133.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Merchants China Direct Investments Ltd. strategically deploys capital across diverse sectors, including financial services, media and culture, manufacturing, and real estate. Its core investment focus is directed towards enterprises situated within mainland China. For high-technology ventures, the firm typically commits up to $10 million per project, often participating in initial public offerings or via pre-listing placements. Additionally, approximately 10% of its total net asset value is allocated to publicly traded equities, specifically encompassing China concept shares, H-shares, and B-shares. This direct investment vehicle operates with the strong institutional backing of the China Merchants Group.

Industry
Asset Management
Sector
Financial Services
Headquarters
HK
CEO
Yue Kit Tse
Listed since
Jul 22, 1993
Employees
18

Market position

Day range

Current HK$24.38

52-week range

Current HK$24.38

Open
HK$24.68
Previous close
HK$24.68
Volume
46K
0.09× average
Average volume
488.32K
Average daily volume
Market cap
3.71B HKD
Beta
0.48
Market reference 1
50-day average
HK$22.752
+7.16% above average
200-day average
HK$18.6107
+31.00% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
270.19M USD
P/E (TTM)
2.49×
P/B (TTM)
0.57×
P/S (TTM)
2.24×
EV / EBITDA
1.09×
Earnings yield
63.33%
Free cash flow yield
4.19%
Dividend yield
10.56%

Profitability & efficiency

Gross margin
100.00%
Operating margin
117.50%
Net margin
90.00%
Return on equity
22.79%
Return on assets
18.19%
Return on invested capital
18.61%

Financial health

Debt / equity
0×
Current ratio
3.43×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1165%737%310%-117%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 100.00%Operating margin, FY2021: 68.29%Operating margin, FY2022: 106.26%Operating margin, FY2023: -10.53%Operating margin, FY2024: 92.45%Operating margin, FY2025: 1058.00%Net margin, FY2021: 38.42%Net margin, FY2022: 82.88%Net margin, FY2023: 55.14%Net margin, FY2024: 75.01%Net margin, FY2025: 810.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 100.00%. Operating margin FY2021 68.29%. Operating margin FY2022 106.26%. Operating margin FY2023 -10.53%. Operating margin FY2024 92.45%. Operating margin FY2025 1058.00%. Net margin FY2021 38.42%. Net margin FY2022 82.88%. Net margin FY2023 55.14%. Net margin FY2024 75.01%. Net margin FY2025 810.32%.

Income trends

Revenue

23.47M USD-85.37%

Operating income

248.36M USD+67.43%

Net income

190.22M USD+58.05%
Income trends across reported periods292.83M USD114.94M USD−62.96M USD−240.86M USDRevenue, FY2021: 63M USDRevenue, FY2022: −184.81M USDRevenue, FY2023: 10.39M USDRevenue, FY2024: 160.45M USDRevenue, FY2025: 23.47M USDOperating income, FY2021: 43.02M USDOperating income, FY2022: −196.39M USDOperating income, FY2023: −1.09M USDOperating income, FY2024: 148.34M USDOperating income, FY2025: 248.36M USDNet income, FY2021: 24.21M USDNet income, FY2022: −153.17M USDNet income, FY2023: 5.73M USDNet income, FY2024: 120.35M USDNet income, FY2025: 190.22M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 63M USD. Revenue FY2022 −184.81M USD. Revenue FY2023 10.39M USD. Revenue FY2024 160.45M USD. Revenue FY2025 23.47M USD. Operating income FY2021 43.02M USD. Operating income FY2022 −196.39M USD. Operating income FY2023 −1.09M USD. Operating income FY2024 148.34M USD. Operating income FY2025 248.36M USD. Net income FY2021 24.21M USD. Net income FY2022 −153.17M USD. Net income FY2023 5.73M USD. Net income FY2024 120.35M USD. Net income FY2025 190.22M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue23.47M USD160.45M USD10.39M USD−184.81M USD63M USD
Gross profit23.47M USD160.45M USD10.39M USD−184.81M USD63M USD
Selling, general, and administrative—12.11M USD11.48M USD11.57M USD19.97M USD
Operating expenses−224.89M USD12.11M USD11.48M USD11.57M USD19.97M USD
Interest income19.15M USD608.75K USD322.23K USD216.63K USD297.16K USD
Depreciation and amortization——1.09M USD196.39M USD—
Operating income248.36M USD148.34M USD−1.09M USD−196.39M USD43.02M USD
Net income190.22M USD120.35M USD5.73M USD−153.17M USD24.21M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
3.1

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates3.880.98-1.91-4.81Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 3.11, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -1.88, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 29, 2022: actual -3.66, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual -4.21, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 28, 2023: actual 3.28, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual -2.97, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 3.05, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 3.1, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates887.64M287.25M-313.14M-913.53MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 763.42M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -275.42M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 29, 2022: actual -656.36M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 28, 2023: actual -789.31M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 28, 2023: actual 646.85M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual -563.56M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 607.65M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 641.96M HKD, estimate —, surprise —, Comparison unavailable.

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