China Merchants Securities Co.,Ltd.’s Net Profit Dropped 42.9% in First Quarter of 2022

China Merchants Securities Co.,Ltd. (招商证券股份有限公司) (600999.SH) reported a net profit of 1.5 billion yuan in the first quarter of 2022, down 42.9% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 38% year-on-year.

At the end of the reporting period, it had 602.7 billion yuan in total assets and 493.7 billion yuan in total liabilities, with a liability-to-asset ratio of 81.9%.