China Merchants Land Limited (HKG:0978)

China Merchants Land Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	14,523	12,734	10,283	12,344	14,423	9,719
Cash & Short-Term Investments	14,523	12,734	10,283	12,344	14,423	9,719
Cash Growth	12.51%	23.84%	-16.69%	-14.42%	48.41%	8.50%
Accounts Receivable	24.27	15.96	20.04	26.93	25.42	105.53
Other Receivables	9,913	9,097	8,438	16,314	18,981	22,225
Receivables	9,938	9,467	9,800	17,024	19,627	26,156
Inventory	68,396	59,255	67,635	63,332	74,620	50,168
Prepaid Expenses	-	2,053	1,727	1,818	1,775	1,903
Other Current Assets	3,806	3,636	3,411	2,862	2,926	1,879
Total Current Assets	96,662	87,146	92,856	97,381	113,372	89,825
Property, Plant & Equipment	391.37	418.29	573	322.1	311.94	475.69
Long-Term Investments	13,706	14,479	16,617	15,773	15,202	11,761
Goodwill	-	-	160.21	160.21	160.21	160.21
Long-Term Deferred Tax Assets	801.08	760.9	931.49	936.48	890.87	953.84
Other Long-Term Assets	24,411	18,879	19,762	13,471	8,791	7,850
Total Assets	135,971	124,744	132,671	130,868	138,728	111,026
Accounts Payable	10,063	7,807	11,228	7,428	12,106	5,339
Accrued Expenses	-	2,812	2,792	2,857	2,885	2,443
Short-Term Debt	-	-	-	702.21	10,977	16,263
Current Portion of Long-Term Debt	2,891	4,679	10,349	2,010	8,070	11,548
Current Portion of Leases	26.53	29.43	54.04	57.53	52.52	31.98
Current Income Taxes Payable	2,748	2,760	3,272	3,322	3,790	4,197
Current Unearned Revenue	32,257	23,958	21,442	25,992	27,368	23,798
Other Current Liabilities	21,913	17,561	21,135	21,572	10,348	7,244
Total Current Liabilities	69,898	59,607	70,272	63,940	75,597	70,865
Long-Term Debt	31,688	31,393	26,371	33,349	28,467	7,945
Long-Term Leases	195.3	258.12	315.25	375.06	375.97	410.94
Long-Term Deferred Tax Liabilities	382.61	391.99	499.71	477.66	437.62	537.92
Other Long-Term Liabilities	-	-	88.03	-	-	-
Total Liabilities	102,164	91,650	97,546	98,142	104,877	79,759
Common Stock	39.13	39.13	39.13	39.13	39.13	39.13
Additional Paid-In Capital	-	3,826	3,880	4,015	4,268	4,554
Retained Earnings	-	7,516	9,367	9,233	8,904	8,343
Comprehensive Income & Other	7,710	-3,359	-3,373	-3,425	-3,472	-3,435
Total Common Equity	7,749	8,022	9,912	9,863	9,738	9,501
Minority Interest	26,058	25,072	25,213	22,863	24,112	21,766
Shareholders' Equity	33,807	33,094	35,125	32,726	33,851	31,267
Total Liabilities & Equity	135,971	124,744	132,671	130,868	138,728	111,026
Total Debt	34,801	36,360	37,089	36,494	47,942	36,199
Net Cash (Debt)	-20,277	-23,625	-26,806	-24,151	-33,519	-26,480
Net Cash Per Share	-4.13	-4.82	-5.46	-4.92	-6.83	-5.40
Filing Date Shares Outstanding	4,905	4,905	4,905	4,905	4,905	4,905
Total Common Shares Outstanding	4,905	4,905	4,905	4,905	4,905	4,905
Working Capital	26,764	27,539	22,584	33,441	37,775	18,960
Book Value Per Share	1.58	1.64	2.02	2.01	1.99	1.94
Tangible Book Value	7,749	8,022	9,752	9,703	9,578	9,341
Tangible Book Value Per Share	1.58	1.64	1.99	1.98	1.95	1.90
Machinery	-	31.34	31.73	30.79	30.35	28.75
Leasehold Improvements	-	347.94	346.76	336.96	314.2	306.75

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.