China Merchants Securities Co Ltd, a major Chinese securities firm, on Monday reported rising revenue and net profits in the first quarter of 2025.

Its operating revenue increased by 9.64 percent year-on-year to 4.7 billion yuan ($645 million), according to a statement the company filed with the Shanghai Stock Exchange.

The company, listed on both the A-share and H-share market, achieved a 6.97 percent surge in net profits, climbing to 2.3 billion yuan in the first three months, the statement said.

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Despite the strong earnings report, its H-shares edged down 1.82 percent to close at 11.88 yuan apiece on Monday.