China Merchants Securities stock reports H1 profit surge

Published on 10/01/2026 at 02:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China Merchants Securities stock posted RMB 10.6 billion in first-half net profit for the period ended June 30, 2026, up 105 percent year over year. JPMorgan lifted its target to HKD 21.00.

CMS, HK0867004735, Illustration mit AI erstellt.

China Merchants Securities stock (ISIN HK0867004735) is backed by RMB 10.6 billion in first-half 2026 net profit, up 105 percent year over year. The result, reported for the period ended June 30, 2026, coincided with a leadership change that made Liu Bo the brokerage's president on September 30, 2026.

Profit growth sets the tone

According to Futubull on September 17, 2026, total revenue and income reached RMB 27.3 billion in the first half, an 81 percent year-over-year increase. Basic earnings per share rose 113 percent to RMB 1.19, while weighted average return on equity reached 8.22 percent.

The balance sheet also expanded: total assets stood at RMB 871.4 billion at June 30, 2026, up 16 percent year over year. The combination of profit growth and asset expansion gives the earnings report more weight than a single trading quarter.

Trading gains carry the results

Investment and trading revenue reached RMB 12.8 billion in the first half, up 165 percent year over year, according to Futubull. Investment banking revenue rose 52 percent to RMB 639 million, while wealth management and institutional services generated RMB 12.5 billion, up 40 percent.

The earnings mix matters because the investment and trading division contributed the largest reported revenue figure among the highlighted business lines. Client activity also increased, with active trading clients reaching 22.07 million, up 10 percent year over year.

JPMorgan raises its target

Futubull reported on September 22, 2026, that JPMorgan raised its H-share target price from HKD 20.50 to HKD 21.00 and kept an Overweight rating. JPMorgan also forecast third-quarter profit growth of 190 percent year over year, linking the estimate to potential investment gains tied to Changxin Technology.

Leadership change adds a checkpoint

As Caixin Global reported on September 30, 2026, Liu Bo took over as president after serving as a vice president. Chairman Zhu Jiangtao ceased acting as president, leaving investors to assess whether the new structure can sustain the first-half earnings pace.