China Merchants Securities'net profit jumps 84% in 2009 on economic rebound

16:40, April 20, 2010      

Email | Print | Subscribe | Comments | Forum 

China Merchants Securities Co., Ltd., a major Chinese securities firm, Tuesday announced a net profit surge of 84.48 percent year on year in 2009 driven by economic rebound in the country.

The net profit of the Shenzhen-based company reached 3.73 billion yuan (546.48 million U.S. dollars) in 2009. Its business revenue rose 76.53 percent year on year to 8.68 billion yuan in 2009, the Shanghai-listed firm said in its annual report.

Earnings per share stood at 1.14 yuan, up 80.95 percent from a year earlier, the report said.

China Merchants Securities attributed its profit surge last year mainly to the upward trend of the A-share stock market in 2009 along with the country's economic rebound

As of 14:40 p.m., the shares of China Merchants Securities were down 0.15 percent to 26.61 yuan per share despite the profit report.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion