
China Merchants Bank Co., Ltd.
3968.HKHKSEFinancial ServicesBanks - Regional
Latest quote
HK$49.48
+HK$0.04 · +0.08%
3968.HK company overview
Regular session · HKT · Market data may be delayed.
Company profile
Company websiteAlongside its subsidiaries, China Merchants Bank Co., Ltd. delivers a comprehensive range of banking and financial services. Its operations are structured into Wholesale Finance, Retail Finance, and Other Business segments. Customers can access a variety of account types, including checking, savings, time deposits, call accounts, notice accounts, and Renminbi accounts. The bank's extensive lending portfolio encompasses personal loans for housing, vehicles, consumption, commercial real estate, education abroad, and micro-businesses, as well as equipment and various guarantee-backed mortgages. For corporate clients, it provides financing for working capital, fixed assets, vessel purchases, bank acceptances, and discounts. Beyond traditional banking, its offerings extend to credit cards, insurance, and open-ended funds. It also facilitates commercial bill transactions (discounting, guarantees, redemption) and delivers comprehensive financial advisory services, including debt and equity financing underwriting, merger and acquisition financing, and assistance with enterprise listings. Further services include forfeiting, risk participation, escrow, cross-border RMB clearing, and interbank operations. The bank also specializes in risk and financial management, international factoring, trade finance, and both cross-border RMB and overseas financing solutions. Additional specialized services cover financial leasing and guarantees, investment and wealth management, forex and gold trading (including options and express trading), international, offshore, and private banking, as well as custody, pension, and electronic banking services. As of December 31, 2021, its extensive domestic network in Mainland China comprised 143 branches, 1,770 sub-branches, a branch-level operation center, 2,812 self-service centers, 6,592 self-service machines, a representative office, and 14,746 visual counters. Globally, the bank maintains a presence in key financial hubs such as Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. Established in 1987, China Merchants Bank Co., Ltd. has its headquarters in Shenzhen, China.
- Industry
- Banks - Regional
- Sector
- Financial Services
- Headquarters
- CN
- CEO
- Liang Wang
- Listed since
- Sep 22, 2006
- Employees
- 121,585
Market position
Day range
Current HK$49.48
52-week range
Current HK$49.48
- Open
- HK$48.84
- Previous close
- HK$49.44
- Volume
- 6.78M
- 0.5× average
- Average volume
- 13.68M
- Average daily volume
- Market cap
- 1.25T HKD
- Beta
- 0.54
- Market reference 1
- 50-day average
- HK$47.6408
- +3.86% above average
- 200-day average
- HK$48.9708
- +1.04% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 333.45B CNY
- P/E (TTM)
- 6.82×
- P/B (TTM)
- 0.78×
- P/S (TTM)
- 3.35×
- EV / EBITDA
- 1.72×
- Earnings yield
- 12.02%
- Free cash flow yield
- 33.88%
- Dividend yield
- 2.53%
Profitability & efficiency
- Gross margin
- 100.00%
- Operating margin
- 66.82%
- Net margin
- 50.59%
- Return on equity
- 11.80%
- Return on assets
- 1.15%
- Return on invested capital
- 7.33%
Financial health
- Debt / equity
- 0.34×
- Current ratio
- 0.18×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (CNY) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 467.82B CNY | 497.85B CNY | 497.59B CNY | 477.4B CNY | 450.36B CNY |
| Cost of goods sold | 135.76B CNY | 162.99B CNY | 160.94B CNY | 135.15B CNY | 123.14B CNY |
| Gross profit | 332.06B CNY | 334.86B CNY | 336.65B CNY | 342.26B CNY | 327.22B CNY |
| Selling, general, and administrative | 107.95B CNY | 34.5B CNY | 50.74B CNY | 107.67B CNY | 104.07B CNY |
| Operating expenses | 153.07B CNY | 156.2B CNY | 160.03B CNY | 177.15B CNY | 179.05B CNY |
| Interest income | 351.35B CNY | 374.27B CNY | 375.61B CNY | 353.38B CNY | 327.06B CNY |
| Interest expense | 135.76B CNY | 162.99B CNY | 160.94B CNY | 135.15B CNY | 123.14B CNY |
| Depreciation and amortization | 15.39B CNY | 15.59B CNY | 15.44B CNY | 14.61B CNY | 13.53B CNY |
| Operating income | 178.99B CNY | 178.65B CNY | 176.62B CNY | 165.11B CNY | 148.17B CNY |
| Net income | 150.18B CNY | 148.39B CNY | 146.6B CNY | 138.01B CNY | 119.92B CNY |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 45%
- 5 beats, 5 misses, 1 met estimate
- Average EPS surprise
- +0.23%
- 11 comparable reports
- Latest EPS result
- 1.69
- Estimate 1.78 · Miss by 5.06%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
3968.HK peers
ETFs holding 3968.HK
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Total International Stock ETFVXUS361.63M0.05%646.2B USD0.05%$87.71+0.78%
Vanguard FTSE Emerging Markets ETFVWO343.29M0.20%162.3B USD0.06%$60.45+0.72%
iShares Core MSCI Emerging Markets ETFIEMG272.86M0.17%160B USD0.09%$81.57+0.64%
iShares China Large-Cap ETFFXI82.2M1.93%4.27B USD0.73%$35.86+0.53%
Avantis Emerging Markets Equity ETFAVEM71.63M0.26%27.89B USD0.33%$94.24+0.75%
iShares MSCI Emerging Markets ETFEEM59.82M0.19%31.22B USD0.72%$67.12+0.75%
iShares MSCI China ETFMCHI57.89M0.92%6.29B USD0.59%$55.66+0.27%
Vanguard FTSE All-World ex-US ETFVEU57.22M0.06%95.9B USD0.04%$85.69+0.82%
Vanguard Total International Stock ETFVXUS- Market value
- 361.63M
- Weight
- 0.05%
- AUM
- 646.2B USD
- Expense ratio
- 0.05%
- Price / 1D
- $87.71+0.78%
Vanguard FTSE Emerging Markets ETFVWO- Market value
- 343.29M
- Weight
- 0.20%
- AUM
- 162.3B USD
- Expense ratio
- 0.06%
- Price / 1D
- $60.45+0.72%
iShares Core MSCI Emerging Markets ETFIEMG- Market value
- 272.86M
- Weight
- 0.17%
- AUM
- 160B USD
- Expense ratio
- 0.09%
- Price / 1D
- $81.57+0.64%
iShares China Large-Cap ETFFXI- Market value
- 82.2M
- Weight
- 1.93%
- AUM
- 4.27B USD
- Expense ratio
- 0.73%
- Price / 1D
- $35.86+0.53%
Avantis Emerging Markets Equity ETFAVEM- Market value
- 71.63M
- Weight
- 0.26%
- AUM
- 27.89B USD
- Expense ratio
- 0.33%
- Price / 1D
- $94.24+0.75%
iShares MSCI Emerging Markets ETFEEM- Market value
- 59.82M
- Weight
- 0.19%
- AUM
- 31.22B USD
- Expense ratio
- 0.72%
- Price / 1D
- $67.12+0.75%
iShares MSCI China ETFMCHI- Market value
- 57.89M
- Weight
- 0.92%
- AUM
- 6.29B USD
- Expense ratio
- 0.59%
- Price / 1D
- $55.66+0.27%
Vanguard FTSE All-World ex-US ETFVEU- Market value
- 57.22M
- Weight
- 0.06%
- AUM
- 95.9B USD
- Expense ratio
- 0.04%
- Price / 1D
- $85.69+0.82%
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