China Merchants Securities Co.,Ltd.’s Net Profit Rose 51.1% in First Quarter of 2023

China Merchants Securities Co.,Ltd. (招商证券股份有限公司) (600999.SH) reported a net profit of 2.3 billion yuan in the first quarter of 2023, up 51.1% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, up 28.7% year-on-year.

At the end of the reporting period, it had 600.5 billion yuan in total assets and 483 billion yuan in total liabilities, with a liability-to-asset ratio of 80.4%.