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China Merchants Bank Co
(OTC:3968)
China Merchants Bank Co (3968) vs. S&P 500 (SPY)
China Merchants Bank Co Business Overview & Revenue Model
China Merchants Bank Co Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 330.64B | 334.86B | 297.80B | 342.26B | 327.22B | 287.60B | Gross Profit |
| 330.64B | 334.86B | 336.65B | 342.26B | 327.22B | 287.60B | EBIT |
| 201.89B | 217.21B | 266.26B | 298.98B | 147.26B | 121.82B | EBITDA |
| 43.96B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| 147.60B | 148.39B | 146.60B | 138.01B | 119.92B | 97.34B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.16T | 1.21T | 1.07T | 960.91B | 846.62B | 876.67B | Total Assets |
| 12.53T | 12.15T | 11.03T | 10.14T | 9.25T | 8.36T | Total Debt |
| 0.00 | 0.00 | 436.55B | 429.69B | 631.11B | 503.90B | Net Debt |
| -1.16T | -1.21T | -1.07T | -531.22B | -215.51B | -372.77B | Total Liabilities |
| 11.28T | 10.92T | 9.94T | 429.69B | 631.11B | 503.90B | Stockholders Equity |
| 1.25T | 1.23T | 1.08T | 945.50B | 858.75B | 723.75B |
| Cash Flow | Free Cash Flow | ||||
| 516.20B | 412.09B | 327.59B | 535.25B | 157.89B | 402.20B | Operating Cash Flow |
| 543.26B | 447.02B | 357.75B | 570.14B | 182.05B | 421.33B | Investing Cash Flow |
| -493.91B | -292.86B | -255.11B | -513.93B | -19.70B | -240.75B | Financing Cash Flow |
| -176.46B | 2.15B | 546.71B | -297.03B | 89.36B | -211.79B |
China Merchants Bank Co Technical Analysis
China Merchants Bank Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.04T | 5.54 | 10.80% | 8.96% | -0.43% | 11.31% | |
80 Outperform | $559.40B | 5.28 | 5.91% | ― | 0.12% | ||
78 Outperform | $2.55T | 4.97 | 8.92% | -3.41% | -0.73% | ||
77 Outperform | $1.66T | 5.22 | 9.57% | 5.88% | 6.59% | -0.89% | |
74 Outperform | HK$1.20T | 7.70 | 14.86% | 4.68% | -2.77% | 0.10% | |
65 Neutral | $8.99B | 7.74 | 5.83% | 10.36% | -9.71% | -56.34% | |
64 Neutral | $12.73B | 9.82 | 7.91% | 17015.08% | 12.18% | -5.69% |
China Merchants Bank Co Earnings Call Summary
China Merchants Bank Co Corporate Events
China Merchants Bank Co., Ltd. has successfully completed the issuance of RMB20.0 billion in undated additional Tier 1 capital bonds, with a 2.13% coupon rate for the first five years, to strengthen its capital base. This move, approved by the National Financial Regulatory Administration, is expected to bolster the bank’s financial stability and provide greater flexibility in its capital management, potentially impacting its market positioning and stakeholder confidence.
China Merchants Bank Co., Ltd. has announced the proposed appointment of Mr. Jiang Chaoyang as a non-executive director, pending approval from the National Financial Regulatory Administration. Mr. Jiang, a seasoned economist with extensive experience in strategic customer management, wealth management, and fintech, is expected to bring valuable insights to the board, potentially enhancing the bank’s strategic direction and industry positioning.
China Merchants Bank Co., Ltd. has released its unaudited first quarterly report for 2025, prepared in accordance with IFRS Accounting Standards. The report, which has been reviewed and approved by the company’s Board of Directors and Supervisors, highlights the bank’s commitment to transparency and accuracy in financial reporting. This announcement underscores the bank’s strategic focus on maintaining robust financial practices and its dedication to stakeholders, despite the inherent uncertainties in forward-looking statements.
China Merchants Bank Co., Ltd. has announced that its board of directors will hold a meeting on April 29, 2025, to consider and approve the company’s first quarterly results for the period ending March 31, 2025. This announcement signals the company’s ongoing commitment to transparency and timely financial reporting, which may impact its market positioning and stakeholder confidence.
China Merchants Bank Co., Ltd. has announced its audited annual results for the year ending December 31, 2024. The results, published in compliance with the Hong Kong Stock Exchange’s listing rules, will be available on the company’s and Hong Kong Exchanges’ websites. The announcement includes the full text of the 2024 Annual Report, which is also prepared in Chinese according to PRC accounting standards. This release underscores the bank’s commitment to transparency and regulatory compliance, potentially impacting its market positioning and stakeholder relations.
China Merchants Bank Co., Ltd. announced its plan to apply for a new framework quota for capital bond issuance, with a total issue size not exceeding RMB73 billion. This strategic move aims to strengthen the bank’s capital base through the issuance of undated and tier 2 capital bonds, which include write-down clauses for loss absorption. The issuance plan, approved by the Board of Directors, allows for redemption options and market-determined interest rates, and can be executed in both domestic and overseas markets. This initiative is expected to enhance the bank’s financial stability and support its growth strategy in the competitive banking sector.
China Merchants Bank Co., Ltd. has announced its 2025 interim profit distribution plan, which was approved during the 48th meeting of the Twelfth Session of the Board of Directors. The plan proposes a cash dividend distribution of 35% of the net profit attributable to ordinary shareholders for the first half of 2025, with the distribution scheduled between January and February 2026. This decision reflects the bank’s commitment to rewarding its shareholders and maintaining a stable dividend policy, potentially impacting its market positioning and stakeholder confidence.
China Merchants Bank Co., Ltd. has announced a final cash dividend of RMB 2 per share for the financial year ending December 31, 2024. The announcement outlines the withholding tax rates applicable to various types of shareholders, including non-resident individuals and enterprises, as well as investors in Northbound and Southbound Trading. This dividend declaration reflects the company’s financial performance and commitment to returning value to its shareholders, potentially impacting its market positioning and stakeholder relations.
China Merchants Bank Co., Ltd. has announced the composition of its Board of Directors, which includes a mix of non-executive, executive, and independent non-executive directors. The Board oversees six special committees, each tasked with different aspects of governance such as strategy, risk management, and consumer rights protection. This announcement highlights the bank’s structured approach to corporate governance, which is crucial for maintaining its industry position and ensuring stakeholder confidence.
China Merchants Bank Co., Ltd. announced the resignation of Mr. Chen Dong as a non-executive director, effective March 20, 2025, due to a change in his work arrangement. The board expressed gratitude for Mr. Chen Dong’s contributions, and his departure is not expected to impact the company’s operations or stakeholder interests, as there are no disagreements or unresolved matters related to his resignation.
China Merchants Bank Co., Ltd. announced the resignation of Mr. Luo Sheng from his position as a Shareholder Supervisor and member of the Supervisory Committee, effective March 18, 2025. The resignation, due to personal work arrangements, was amicable, with Mr. Luo Sheng having no disagreements with the board. This change is acknowledged by the board with gratitude for his contributions, and it is not expected to impact the bank’s operations or stakeholder relations.
China Merchants Bank has announced the approval of Huang Jian’s appointment as a non-executive director by the National Financial Regulatory Administration, effective from March 14, 2025. This appointment is expected to strengthen the board’s expertise and governance, potentially impacting the bank’s strategic direction and stakeholder relations positively.
China Merchants Bank Co., Ltd. has announced the composition of its Board of Directors, detailing the roles and functions of each member. The board includes non-executive, executive, and independent non-executive directors, with six special committees overseeing various aspects of governance. This announcement underscores the bank’s commitment to structured governance and strategic oversight, potentially enhancing its operational efficiency and stakeholder confidence.
China Merchants Bank Co., Ltd. announced that it will disclose its 2024 annual results on March 25, 2025, via the Hong Kong Exchanges and Clearing Limited website. To facilitate a deeper understanding of these results, the company will host a webcast press conference on March 27, 2025, where senior management will address investor questions. This initiative underscores the company’s commitment to transparency and engagement with stakeholders.
China Merchants Bank Co., Ltd. announced the composition of its board of directors and their roles, highlighting the leadership structure and the special committees under the board. This announcement provides clarity on the governance framework and strategic oversight, which is crucial for stakeholders to understand the bank’s decision-making processes and risk management strategies.
China Merchants Bank Co., Ltd. has announced that its board of directors will convene on March 25, 2025, to discuss the company’s annual results for the year ending December 31, 2024, and to consider the recommendation of the 2024 annual dividend. This meeting is significant as it will provide insights into the company’s financial performance and strategic decisions, potentially impacting its market positioning and stakeholder interests.
China Merchants Bank Co., Ltd. has announced the resignation of Mr. Zhang Jian, a non-executive director and member of the Risk and Capital Management Committee, effective February 20, 2025. The resignation is due to a change in Mr. Zhang’s work arrangements, with no disagreements cited with the company’s board, and the board acknowledges his contributions with gratitude.
China Merchants Bank Co., Ltd., a joint stock company incorporated in the People’s Republic of China, has announced a list of its board of directors, detailing their roles and functions. The board consists of non-executive, executive, and independent non-executive directors, each serving on various special committees such as Strategy and Sustainable Development, Nomination, Remuneration and Appraisal, Risk and Capital Management, Audit, and Related Party Transactions Management and Consumer Rights Protection committees. This announcement reflects the company’s ongoing governance structure and its commitment to maintaining a diverse and comprehensive board to oversee its operations and strategic direction.