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China Minsheng Banking Corp., Ltd. logo

China Minsheng Banking Corp., Ltd.

1988.HK

HKSEFinancial ServicesBanks - Regional

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Latest quote

HK$3.485

Market data unavailable

Aug 24, 3:55 PM HKT

1988.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Industry
Banks - Regional
Sector
Financial Services
Headquarters
CN

Market position

Volume
15.98M
Market cap
153.24B HKD

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
607.21B CNY
P/E (TTM)
5.27×
P/B (TTM)
0.26×
P/S (TTM)
0.59×
EV / EBITDA
14.86×
Earnings yield
17.85%
Free cash flow yield
-97.39%
Dividend yield
5.38%

Profitability & efficiency

Gross margin
50.16%
Operating margin
11.87%
Net margin
11.24%
Return on equity
4.43%
Return on assets
0.39%
Return on invested capital
1.22%

Financial health

Debt / equity
4.38×
Current ratio
0.2×
Altman Z-score
-0.57
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends58%41%24%6%Gross margin, FY2021: 52.63%Gross margin, FY2022: 47.82%Gross margin, FY2023: 46.09%Gross margin, FY2024: 47.21%Gross margin, FY2025: 53.79%Operating margin, FY2021: 11.10%Operating margin, FY2022: 12.48%Operating margin, FY2023: 12.23%Operating margin, FY2024: 11.81%Operating margin, FY2025: 12.15%Net margin, FY2021: 10.72%Net margin, FY2022: 11.84%Net margin, FY2023: 11.73%Net margin, FY2024: 11.19%Net margin, FY2025: 11.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.63%. Gross margin FY2022 47.82%. Gross margin FY2023 46.09%. Gross margin FY2024 47.21%. Gross margin FY2025 53.79%. Operating margin FY2021 11.10%. Operating margin FY2022 12.48%. Operating margin FY2023 12.23%. Operating margin FY2024 11.81%. Operating margin FY2025 12.15%. Net margin FY2021 10.72%. Net margin FY2022 11.84%. Net margin FY2023 11.73%. Net margin FY2024 11.19%. Net margin FY2025 11.51%.

Income trends

Revenue

265.59B CNY-8.00%

Operating income

32.26B CNY-5.36%

Net income

30.56B CNY-5.37%
Income trends across reported periods349.72B CNY233.66B CNY117.61B CNY1.55B CNYRevenue, FY2021: 320.71B CNYRevenue, FY2022: 297.95B CNYRevenue, FY2023: 305.51B CNYRevenue, FY2024: 288.69B CNYRevenue, FY2025: 265.59B CNYOperating income, FY2021: 35.6B CNYOperating income, FY2022: 37.17B CNYOperating income, FY2023: 37.36B CNYOperating income, FY2024: 34.09B CNYOperating income, FY2025: 32.26B CNYNet income, FY2021: 34.38B CNYNet income, FY2022: 35.27B CNYNet income, FY2023: 35.82B CNYNet income, FY2024: 32.3B CNYNet income, FY2025: 30.56B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 320.71B CNY. Revenue FY2022 297.95B CNY. Revenue FY2023 305.51B CNY. Revenue FY2024 288.69B CNY. Revenue FY2025 265.59B CNY. Operating income FY2021 35.6B CNY. Operating income FY2022 37.17B CNY. Operating income FY2023 37.36B CNY. Operating income FY2024 34.09B CNY. Operating income FY2025 32.26B CNY. Net income FY2021 34.38B CNY. Net income FY2022 35.27B CNY. Net income FY2023 35.82B CNY. Net income FY2024 32.3B CNY. Net income FY2025 30.56B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue265.59B CNY288.69B CNY305.51B CNY297.95B CNY320.71B CNY
Cost of goods sold122.73B CNY152.4B CNY164.7B CNY155.47B CNY151.9B CNY
Gross profit142.87B CNY136.29B CNY140.82B CNY142.48B CNY168.8B CNY
Selling, general, and administrative51.01B CNY13.16B CNY41.68B CNY42.38B CNY41.16B CNY
Operating expenses110.61B CNY102.21B CNY103.46B CNY105.31B CNY133.2B CNY
Interest income222.86B CNY251.09B CNY267.13B CNY262.94B CNY277.68B CNY
Interest expense122.73B CNY152.4B CNY164.7B CNY155.47B CNY151.9B CNY
Depreciation and amortization8.62B CNY8.71B CNY8.31B CNY7.81B CNY7.41B CNY
Operating income32.26B CNY34.09B CNY37.36B CNY37.17B CNY35.6B CNY
Net income30.56B CNY32.3B CNY35.82B CNY35.27B CNY34.38B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
+42.81%
11 comparable reports
Latest EPS result
0.3
Estimate 0.22 · Beat by 32.97%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.60.360.13-0.1Q4 '24MissQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 0.17, estimate 0.22, surprise -22.73%, Miss. Q1 2025, reported Mar 26, 2025: actual 0.043, estimate -0.05, surprise +185.66%, Beat. Q2 2025, reported Apr 29, 2025: actual 0.255, estimate 0.255, surprise -0.04%, Miss. Q3 2025, reported Aug 29, 2025: actual 0.493, estimate 0.548, surprise -10.02%, Miss. Q4 2025, reported Oct 30, 2025: actual 0.164, estimate 0.05, surprise +228.06%, Beat. Q1 2026, reported Mar 27, 2026: actual 0.046, estimate 0.223, surprise -79.16%, Miss. Q2 2026, reported Apr 27, 2026: actual 0.296, estimate 0.223, surprise +32.97%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.17, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates82.93B65.18B47.44B29.7BQ4 '24No estimateQ1 '25No estimateQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 79.25B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 36.84B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 29, 2025: actual 74.83B HKD, estimate 36.79B HKD, surprise +103.42%, Beat. Q3 2025, reported Aug 29, 2025: actual 77.84B HKD, estimate 73.34B HKD, surprise +6.13%, Beat. Q4 2025, reported Oct 30, 2025: actual 71.74B HKD, estimate 33.37B HKD, surprise +115.01%, Beat. Q1 2026, reported Mar 27, 2026: actual 69.85B HKD, estimate 33.37B HKD, surprise +109.34%, Beat. Q2 2026, reported Apr 27, 2026: actual 73.52B HKD, estimate 35.45B HKD, surprise +107.38%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 35.45B HKD, surprise —, Comparison unavailable.

ETFs holding 1988.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Global X Hang Seng High Dividend Yield ETF (HKD) logoGlobal X Hang Seng High Dividend Yield ETF (HKD)3110.HK
Market value
109.43M
Weight
1.86%
AUM
5.93B HKD
Expense ratio
0.68%
Price / 1D
HK$31.76-0.56%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
47.33M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.095-0.70%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
45.15M
Weight
0.03%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$59.905-0.90%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
32.75M
Weight
0.02%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$80.38-1.46%
Schwab Fundamental Emerging Markets Large Company Index ETF logoSchwab Fundamental Emerging Markets Large Company Index ETFFNDE
Market value
16.85M
Weight
0.17%
AUM
10.2B USD
Expense ratio
0.39%
Price / 1D
$41.655-0.51%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
14.01M
Weight
0.05%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$92.92-1.40%
iShares ESG Aware MSCI EM ETF logoiShares ESG Aware MSCI EM ETFESGE
Market value
9.34M
Weight
0.13%
AUM
6.91B USD
Expense ratio
0.25%
Price / 1D
$53.04-1.65%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
7.9M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.095-0.69%

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