China Merchants Securities Co., Ltd. (600999.SH) August 22 released interim results, reporting CNY 3.245 billion in operating revenue and CNY 1.476 billion in net profit, a 17.27 percent and a 7.79 percent increase year on year respectively.

Data by the Securities Association of China indicate that China Merchants Securities took the seventh spot by operating income and the third slot by net profit in the industry at home as of June end, compared with the eighth and the seventh places at the year inception.

The interim results show that the Shanghai traded securities dealer brought in CNY 1.72 billion operating income and CNY 1.005 billion operating profit from brokering services, down 10.27 percent and 24.37 percent over last year. Executives attribute the decline mainly to commission and commission rate decreases.

In addition, China Merchants Securities raked in CNY 797 million operating income from investment banking, inching up 0.08 percent, and racked up CNY 524 million operating profit, dropping 13.19 percent.

The company saw operating income from assets management hike 82.04 percent to CNY 62 million and operating profit rise 8.72 percent to CNY 26 million.