China Merchants Bank Co (SHSE:600036) Tax Rate % : 12.99% (As of Sep. 2024)

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What is China Merchants Bank Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. China Merchants Bank Co's Tax Expense for the three months ended in Sep. 2024 was ¥5,773 Mil. China Merchants Bank Co's Pre-Tax Income for the three months ended in Sep. 2024 was ¥44,433 Mil. Therefore, China Merchants Bank Co's Tax Rate % for the quarter that ended in Sep. 2024 was 12.99%.

China Merchants Bank Co Tax Rate % Historical Data

The historical data trend for China Merchants Bank Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Merchants Bank Co Tax Rate % Chart

China Merchants Bank Co Annual Data

Trend

Dec14

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Dec23

Tax Rate %

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20.24

19.99

18.45

15.64

16.20

China Merchants Bank Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															13.02	20.27	14.93	16.91	12.99

China Merchants Bank Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

China Merchants Bank Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	28612	/	176618
	=	16.20 %

China Merchants Bank Co's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	5773	/	44433
	=	12.99 %

China Merchants Bank Co Tax Rate % Related Terms

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China Merchants Bank Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Merchants Bank Co Ltd (SHSE:600036) » Definitions » Tax Rate %

Traded in Other Exchanges

CIHKY:USA CIHHF:USA 03968:Hong Kong M4B:Germany

Address

No. 7088, Shennan Boulevard, 26th Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040

Website

https://www.cmbchina.com

China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2023.

Executives

Wang Xiao Qing	senior management
Peng Jia Wen	senior management
Cao Jian	Supervisors
Yang Sheng	Supervisors
Cai Jin	Supervisors
Zhao Wei Peng	senior management
Jiang Chao Yang	senior management
Wang Wan Qing	Supervisors
Wang Liang	Directors, senior managers
Zhu Jiang Tao	senior management
Zhong De Sheng	senior management
Wang Yun Gui	senior management
Li De Lin	senior management
Wang Jian Zhong	senior management
Liu Hui	senior management

China Merchants Bank Co Headlines

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