China Merchants Securities Co.,Ltd.’s Net Profit Dropped 30.7% in 2022

China Merchants Securities Co.,Ltd. (招商证券股份有限公司) (600999.SH) reported a net profit of 8.1 billion yuan in 2022, down 30.7% year-on-year.

Meanwhile, the company posted 19.2 billion yuan in revenue, down 34.7% year-on-year.

At the end of the reporting period, it had 611.7 billion yuan in total assets and 496.4 billion yuan in total liabilities, with a liability-to-asset ratio of 81.2%.