CMB Securities: Net profit in the first half of 2025 was 5.186 billion yuan, a year-on-year increase of 9.23%.

China Merchants Securities announcement, the operating income for the first half of 2025 was 10.52 billion yuan, a year-on-year increase of 9.64%; net profit was 5.186 billion yuan, a year-on-year increase of 9.23%. The company plans to distribute a cash dividend of 1.19 yuan for every 10 shares to all shareholders, totaling a profit distribution of 1.035 billion yuan.