• China Merchants Bank average pre-tax profit margin for 2023 was 36.83%, a 2.88% decline from 2022.
• China Merchants Bank average pre-tax profit margin for 2022 was 35.8%, a 4.53% increase from 2021.
• China Merchants Bank average pre-tax profit margin for 2021 was 34.25%, a 2.18% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.