China Merchants Securities: Net profit of 12.35 billion yuan in 2025, an increase of 18.91% year over year

China Merchants Securities announcement: 2025 operating revenue was 24.97B yuan, up 19.53% year over year. Net profit was 12.35 billion yuan, up 18.91% year over year. It plans to distribute cash dividends of 4.49 yuan (tax included) per 10 shares to all shareholders.

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