China Merchants Securities (HKG:6099, SHA:600999) said net profit attributable to shareholders rose 18% to 12.3 billion yuan in 2025 from 10.4 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.
Hong Kong-listed shares of the financial firm were down 1% in Wednesday's late morning trade.
Basic earnings per share came in at 1.35 yuan from 1.13 yuan.
Total operating income increased 19% to 24.9 billion yuan from 20.9 billion yuan a year earlier.
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