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How does 600036.SS make money? Does 600036.SS have pricing power? What's the Earnings Whisper? Will 600036.SS profit more as the business scales? What is 600036.SS's management track record? Is 600036.SS's current price justified?

China Merchants Bank Co., Ltd.

¥41.1 -$1.25 (-2.95%)

SHH · 15 Sep 2026 07:00 UTC

Previous Close

¥41.83

Day Range

¥41.01¥41.78

Year Range

¥35.28¥43.79

Market Cap

1.04T

AVG Volume

87.65M

Trailing/Forward PE

7.04/6.66

PEG ratio

1.7

Dividend Yield

4.91%

Next Earnings Date

2026-10-23

Primary Exchange

Shanghai Stock Exchange

Revenue (CNY)

600036.SS Revenue (CNY) by year
Period	Revenue (CNY)
2025	295.91B
2024	297.14B
2023	297.8B
2022	287.99B
2021	265.29B
2020	225.61B
2019	208.95B
2018	187.73B
2017	160.97B
2016	143.56B

Net Income (CNY)

600036.SS Net Income (CNY) by year
Period	Net Income (CNY)
2025	150.18B
2024	148.39B
2023	146.6B
2022	138.01B
2021	119.92B
2020	97.34B
2019	92.87B
2018	80.56B
2017	70.15B
2016	62.08B

Operating Income (CNY)

600036.SS Operating Income (CNY) by year
Period	Operating Income (CNY)
2025	204.48B
2024	266.77B
2023	266.26B
2022	255.44B
2021	155.56B
2020	128.87B
2019	86.8B
2018	110.61B
2017	67.11B
2016	60.27B

EBITDA (CNY)

600036.SS EBITDA (CNY) by year
Period	EBITDA (CNY)
2025	15.4B
2024	16.49B
2023	16.38B
2022	15.62B
2021	21.59B
2020	20.07B
2019	11.81B
2018	6.28B
2017	5.79B
2016	4.86B

Cash Flows (CNY)

600036.SS Cash Flows (CNY) by year
Period	Cash Flows (CNY)
2025	-684.76B
2024	-417.3B
2023	-292.1B
2022	-653.41B
2021	157.89B
2020	402.2B
2019	-19.53B
2018	-53.21B
2017	-22B
2016	-138.12B

EPS (CNY)

600036.SS EPS (CNY) by year
Period	EPS (CNY)
2025	5.79
2024	5.73
2023	5.68
2022	5.46
2021	4.73
2020	3.83
2019	3.66
2018	3.17
2017	2.78
2016	2.46

Expenses (CNY)

600036.SS Expenses (CNY) by year
Period	Expenses (CNY)
2025	107.15B
2024	65.3B
2023	61.7B
2022	67.44B
2021	133.89B
2020	115.87B
2019	146.12B
2018	94.6B
2017	110.2B
2016	100.79B

Cash & Debt (CNY)

600036.SS Cash & Debt (CNY) by year
Period	Cash & Debt (CNY)
2025	16.62B
2024	1.21T
2023	1.07T
2022	960.91B
2021	846.62B
2020	876.67B
2019	985.54B
2018	913.59B
2017	857.22B
2016	903.77B

Debt ratios

600036.SS Debt ratios by year
Period	Debt ratios
2025	-0.24
2024	-10.58
2023	-8.65
2022	-7.48
2021	-3.61
2020	-8.48
2019	-7.9
2018	-12.07

Margins

600036.SS Margins by year
Period	Margins
2025	100%
2024	100%
2023	100%
2022	100%
2021	100%
2020	100%
2019	100%
2018	100%
2017	100%
2016	100%

Return on Capital

600036.SS Return on Capital by year
Period	Return on Capital
2025	12.18%
2024	12.03%
2023	13.5%
2022	14.46%
2021	13.85%
2020	13.33%
2019	15.03%
2018	14.82%
2017	14.72%
2016	15.39%

Shares Outstanding

600036.SS Shares Outstanding by year
Period	Shares Outstanding
2025	28.34B
2024	28.16B
2023	23.97B
2022	25.22B
2021	25.22B
2020	25.22B
2019	24.91B
2018	24.89B
2017	25.06B
2016	25.24B

Dividends (CNY)

600036.SS Dividends (CNY) by year
Period	Dividends (CNY)
2026	2.02
2025	2
2024	1.97
2023	1.74
2022	1.52
2021	1.25
2020	1.2
2019	0.94
2018	0.84
2017	0.74

Book Value Per Share (CNY)

600036.SS Book Value Per Share (CNY) by year
Period	Book Value Per Share (CNY)
2025	43.52
2024	43.8
2023	45.29
2022	37.84
2021	34.33
2020	28.96
2019	24.8
2018	21.84
2017	19.01
2016	15.98

Total Assets (CNY)

600036.SS Total Assets (CNY) by year
Period	Total Assets (CNY)
2025	12.15T
2024	12.15T
2023	11.03T
2022	10.14T
2021	9.25T
2020	8.36T
2019	7.42T
2018	6.75T
2017	6.3T
2016	5.94T

PE Ratio

600036.SS PE Ratio by year
Period	PE Ratio
Sep 26	6.93
Sep 26	6.97
Sep 26	7.03
Aug 26	6.63
Aug 26	6.56
Aug 26	6.48
Aug 26	6.54
Jul 26	6.68
Jul 26	6.61
Jul 26	6.41
Jul 26	6.22
Jul 26	6.21
Jun 26	6.79
Jun 26	7.03
Jun 26	7.42
Jun 26	7.28
May 26	7.17
May 26	6.99
May 26	7.11
May 26	7.16
Apr 26	7.22
Apr 26	7.43
Apr 26	7.46
Apr 26	7.4
Apr 26	7.44
Mar 26	6.68
Mar 26	6.73
Mar 26	6.73
Mar 26	6.64
Feb 26	6.56
Feb 26	6.55
Feb 26	6.7
Jan 26	6.55
Jan 26	6.35
Jan 26	6.56
Jan 26	6.99
Dec 25	7.13
Dec 25	7.08
Dec 25	7.13
Dec 25	7.09
Dec 25	7.38
Nov 25	7.29
Nov 25	7.3
Nov 25	7.34
Nov 25	7.22
Oct 25	6.94
Oct 25	7.12
Oct 25	7.06
Oct 25	6.82
Sep 25	6.86
Sep 25	6.96
Sep 25	7
Sep 25	7.26
Sep 25	7.3
Aug 25	7.32
Aug 25	7.38
Aug 25	7.39
Aug 25	7.6
Aug 25	7.58
Jul 25	7.65
Jul 25	7.69
Jul 25	7.79
Jul 25	8.03
Jun 25	8.77
Jun 25	8.73
Jun 25	8.58
Jun 25	8.44
May 25	8.24
May 25	8.36
May 25	8.4
May 25	8.25
Apr 25	7.73
Apr 25	7.99
Apr 25	8.11
Apr 25	7.88
Apr 25	8.09
Mar 25	7.49
Mar 25	7.75
Mar 25	7.83
Mar 25	7.55
Feb 25	7.29
Feb 25	7.18
Feb 25	7.29
Feb 25	6.97
Jan 25	7.05
Jan 25	6.98
Jan 25	7.06
Jan 25	6.76
Jan 25	6.7
Dec 24	6.81
Dec 24	6.57
Dec 24	6.46
Dec 24	6.53
Nov 24	6.29
Nov 24	6.31
Nov 24	6.55
Nov 24	6.72
Nov 24	6.58
Oct 24	6.77
Oct 24	6.76

Free Cash Flow Yield

600036.SS Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	-41.51%
Sep 26	-41.26%
Sep 26	-40.92%
Aug 26	-43.35%
Aug 26	-43.86%
Aug 26	-44.36%
Aug 26	-43.97%
Jul 26	-43.06%
Jul 26	-43.52%
Jul 26	-44.87%
Jul 26	-46.26%
Jul 26	-46.32%
Jun 26	-67.11%
Jun 26	-64.84%
Jun 26	-61.41%
Jun 26	-62.62%
May 26	-63.56%
May 26	-65.26%
May 26	-64.17%
May 26	-63.68%
Apr 26	-63.13%
Apr 26	-61.35%
Apr 26	-61.13%
Apr 26	-61.62%
Apr 26	-61.32%
Mar 26	-92.72%
Mar 26	-92%
Mar 26	-91.98%
Mar 26	-93.29%
Feb 26	-94.37%
Feb 26	-94.47%
Feb 26	-92.35%
Jan 26	-94.57%
Jan 26	-97.52%
Jan 26	-94.45%
Jan 26	-88.55%
Dec 25	-86.86%
Dec 25	-67.92%
Dec 25	-67.45%
Dec 25	-67.85%
Dec 25	-65.18%
Nov 25	-65.94%
Nov 25	-65.87%
Nov 25	-65.48%
Nov 25	-66.62%
Oct 25	-69.26%
Oct 25	-67.51%
Oct 25	-68.1%
Oct 25	-70.49%
Sep 25	-70.09%
Sep 25	-24.46%
Sep 25	-24.34%
Sep 25	-23.46%
Sep 25	-23.34%
Aug 25	-23.27%
Aug 25	-23.07%
Aug 25	-23.05%
Aug 25	-22.41%
Aug 25	-22.47%
Jul 25	-22.26%
Jul 25	-22.15%
Jul 25	-21.86%
Jul 25	-21.2%
Jun 25	-32.06%
Jun 25	-32.22%
Jun 25	-32.79%
Jun 25	-33.32%
May 25	-34.12%
May 25	-33.64%
May 25	-33.47%
May 25	-34.08%
Apr 25	-36.37%
Apr 25	-35.21%
Apr 25	-34.66%
Apr 25	-35.69%
Apr 25	-34.74%
Mar 25	-16.11%
Mar 25	-15.58%
Mar 25	-15.42%
Mar 25	-15.98%
Feb 25	-16.56%
Feb 25	-16.82%
Feb 25	-16.57%
Feb 25	-17.32%
Jan 25	-17.13%
Jan 25	-17.3%
Jan 25	-17.11%
Jan 25	-17.87%
Jan 25	-18.01%
Dec 24	-17.11%
Dec 24	-17.75%
Dec 24	-18.04%
Dec 24	-17.85%
Nov 24	-18.52%
Nov 24	-18.46%
Nov 24	-17.79%
Nov 24	-17.34%
Nov 24	-17.7%
Oct 24	-17.21%
Oct 24	-17.23%

Price to Sales

600036.SS Price to Sales by year
Period	Price to Sales
Sep 26	3.5
Sep 26	3.53
Sep 26	3.55
Aug 26	3.36
Aug 26	3.32
Aug 26	3.28
Aug 26	3.31
Jul 26	3.38
Jul 26	3.34
Jul 26	3.24
Jul 26	3.14
Jul 26	3.14
Jun 26	3.45
Jun 26	3.57
Jun 26	3.77
Jun 26	3.7
May 26	3.64
May 26	3.55
May 26	3.61
May 26	3.63
Apr 26	3.67
Apr 26	3.77
Apr 26	3.79
Apr 26	3.76
Apr 26	3.77
Mar 26	3.33
Mar 26	3.36
Mar 26	3.36
Mar 26	3.31
Feb 26	3.27
Feb 26	3.27
Feb 26	3.35
Jan 26	3.27
Jan 26	3.17
Jan 26	3.27
Jan 26	3.49
Dec 25	3.56
Dec 25	3.56
Dec 25	3.58
Dec 25	3.56
Dec 25	3.71
Nov 25	3.66
Nov 25	3.67
Nov 25	3.69
Nov 25	3.63
Oct 25	3.49
Oct 25	3.58
Oct 25	3.55
Oct 25	3.43
Sep 25	3.45
Sep 25	3.48
Sep 25	3.49
Sep 25	3.62
Sep 25	3.64
Aug 25	3.65
Aug 25	3.68
Aug 25	3.69
Aug 25	3.79
Aug 25	3.78
Jul 25	3.82
Jul 25	3.84
Jul 25	3.89
Jul 25	4.01
Jun 25	4.38
Jun 25	4.36
Jun 25	4.28
Jun 25	4.21
May 25	4.12
May 25	4.18
May 25	4.2
May 25	4.12
Apr 25	3.86
Apr 25	3.99
Apr 25	4.05
Apr 25	3.93
Apr 25	4.04
Mar 25	3.72
Mar 25	3.85
Mar 25	3.89
Mar 25	3.75
Feb 25	3.62
Feb 25	3.56
Feb 25	3.62
Feb 25	3.46
Jan 25	3.5
Jan 25	3.47
Jan 25	3.5
Jan 25	3.36
Jan 25	3.33
Dec 24	3.35
Dec 24	3.22
Dec 24	3.17
Dec 24	3.21
Nov 24	3.09
Nov 24	3.1
Nov 24	3.22
Nov 24	3.3
Nov 24	3.23
Oct 24	3.33
Oct 24	3.32

EV/EBITDA

600036.SS EV/EBITDA by year
Period	EV/EBITDA
Sep 26	-53.56
Sep 26	-53
Sep 26	-52.26
Aug 26	-57.41
Aug 26	-58.4
Aug 26	-59.37
Aug 26	-58.63
Jul 26	-56.82
Jul 26	-57.74
Jul 26	-60.34
Jul 26	-62.86
Jul 26	-62.97
Jun 26	65.28
Jun 26	67.6
Jun 26	71.42
Jun 26	70.03
May 26	68.98
May 26	67.15
May 26	68.31
May 26	68.85
Apr 26	69.46
Apr 26	71.5
Apr 26	71.76
Apr 26	71.19
Apr 26	71.54
Mar 26	72.3
Mar 26	72.69
Mar 26	72.7
Mar 26	72
Feb 26	71.44
Feb 26	71.39
Feb 26	72.5
Jan 26	71.34
Jan 26	69.88
Jan 26	71.4
Jan 26	74.62
Dec 25	75.61
Dec 25	12.18
Dec 25	12.54
Dec 25	12.23
Dec 25	14.35
Nov 25	13.73
Nov 25	13.8
Nov 25	14.11
Nov 25	13.19
Oct 25	11.18
Oct 25	12.49
Oct 25	12.05
Oct 25	10.3
Sep 25	10.59
Sep 25	18.83
Sep 25	19.14
Sep 25	21.49
Sep 25	21.82
Aug 25	22.02
Aug 25	22.59
Aug 25	22.65
Aug 25	24.52
Aug 25	24.36
Jul 25	24.98
Jul 25	25.32
Jul 25	26.22
Jul 25	28.4
Jun 25	33.98
Jun 25	33.58
Jun 25	32.2
Jun 25	30.99
May 25	29.21
May 25	30.27
May 25	30.65
May 25	29.3
Apr 25	24.62
Apr 25	26.9
Apr 25	28.05
Apr 25	25.93
Apr 25	27.88
Mar 25	26.58
Mar 25	28.92
Mar 25	29.65
Mar 25	27.13
Feb 25	24.72
Feb 25	23.69
Feb 25	24.69
Feb 25	21.79
Jan 25	22.51
Jan 25	21.89
Jan 25	22.6
Jan 25	19.86
Jan 25	19.35
Dec 24	25.4
Dec 24	23.2
Dec 24	22.27
Dec 24	22.88
Nov 24	20.8
Nov 24	20.96
Nov 24	23.07
Nov 24	24.57
Nov 24	23.36
Oct 24	25.03
Oct 24	24.95

Price/Operating Cashflow

600036.SS Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Dec 22	2.99
Dec 22	3.05
Dec 22	3.02
Dec 22	2.83
Nov 22	2.72
Nov 22	2.64
Nov 22	2.57
Nov 22	2.39
Oct 22	2.23
Oct 22	2.43
Oct 22	2.56
Sep 22	2.77
Sep 22	3.21
Sep 22	3.27
Sep 22	3.22
Sep 22	3.21
Aug 22	3.15
Aug 22	3.16
Aug 22	3.21
Aug 22	3.21
Jul 22	3.28
Jul 22	3.33
Jul 22	3.26
Jul 22	3.72
Jul 22	3.87
Jun 22	5.57
Jun 22	5.52
Jun 22	5.56
Jun 22	5.39
May 22	5.42
May 22	5.54
May 22	5.15
May 22	5.25
Apr 22	5.53
Apr 22	5.89
Apr 22	6.49
Apr 22	6.54
Apr 22	6.52
Mar 22	4.01
Mar 22	4.1
Mar 22	3.95
Mar 22	4.33
Feb 22	4.43
Feb 22	4.62
Feb 22	4.69
Jan 22	4.37
Jan 22	4.6
Jan 22	4.27
Jan 22	4.36
Dec 21	4.33
Dec 21	7.25
Dec 21	7.38
Dec 21	7.78
Dec 21	7.45
Nov 21	7.28
Nov 21	7.61
Nov 21	7.62
Nov 21	7.5
Oct 21	7.85
Oct 21	7.89
Oct 21	7.75
Oct 21	7.4
Sep 21	7.33
Sep 21	2.72
Sep 21	2.86
Sep 21	3.02
Sep 21	2.9
Aug 21	2.81
Aug 21	2.84
Aug 21	2.85
Aug 21	2.65
Jul 21	2.59
Jul 21	2.79
Jul 21	2.84
Jul 21	2.78
Jul 21	2.96
Jun 21	3.38
Jun 21	3.27
Jun 21	3.37
Jun 21	3.44
May 21	3.5
May 21	3.24
May 21	3.29
May 21	3.24
Apr 21	3.15
Apr 21	3.19
Apr 21	2.98
Apr 21	3.01
Apr 21	3.05
Mar 21	1.83
Mar 21	1.84
Mar 21	1.9
Mar 21	1.83
Feb 21	1.82
Feb 21	1.96
Feb 21	1.94
Feb 21	1.95
Jan 21	1.82
Jan 21	1.84
Jan 21	1.82

Price to Book

600036.SS Price to Book by year
Period	Price to Book
Sep 26	0.81
Sep 26	0.81
Sep 26	0.82
Aug 26	0.77
Aug 26	0.77
Aug 26	0.76
Aug 26	0.76
Jul 26	0.78
Jul 26	0.77
Jul 26	0.75
Jul 26	0.73
Jul 26	0.72
Jun 26	0.83
Jun 26	0.86
Jun 26	0.9
Jun 26	0.89
May 26	0.87
May 26	0.85
May 26	0.87
May 26	0.87
Apr 26	0.88
Apr 26	0.9
Apr 26	0.91
Apr 26	0.9
Apr 26	0.91
Mar 26	0.78
Mar 26	0.79
Mar 26	0.79
Mar 26	0.78
Feb 26	0.77
Feb 26	0.77
Feb 26	0.78
Jan 26	0.76
Jan 26	0.74
Jan 26	0.77
Jan 26	0.82
Dec 25	0.83
Dec 25	0.81
Dec 25	0.82
Dec 25	0.81
Dec 25	0.84
Nov 25	0.84
Nov 25	0.84
Nov 25	0.84
Nov 25	0.83
Oct 25	0.8
Oct 25	0.82
Oct 25	0.81
Oct 25	0.78
Sep 25	0.79
Sep 25	0.82
Sep 25	0.82
Sep 25	0.85
Sep 25	0.86
Aug 25	0.86
Aug 25	0.87
Aug 25	0.87
Aug 25	0.89
Aug 25	0.89
Jul 25	0.9
Jul 25	0.91
Jul 25	0.92
Jul 25	0.95
Jun 25	1.06
Jun 25	1.05
Jun 25	1.03
Jun 25	1.02
May 25	0.99
May 25	1.01
May 25	1.01
May 25	0.99
Apr 25	0.93
Apr 25	0.96
Apr 25	0.98
Apr 25	0.95
Apr 25	0.97
Mar 25	0.94
Mar 25	0.97
Mar 25	0.98
Mar 25	0.95
Feb 25	0.92
Feb 25	0.9
Feb 25	0.92
Feb 25	0.88
Jan 25	0.89
Jan 25	0.88
Jan 25	0.89
Jan 25	0.85
Jan 25	0.84
Dec 24	0.89
Dec 24	0.86
Dec 24	0.84
Dec 24	0.85
Nov 24	0.82
Nov 24	0.82
Nov 24	0.85
Nov 24	0.88
Nov 24	0.86
Oct 24	0.88
Oct 24	0.88

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China Merchants Bank Co., Ltd.

Video analysis: 600036.SS

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