China Merchants Land Limited (HKG:0978)

China Merchants Land Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	13,866	11,121	12,734	10,283	12,344	14,423
Cash & Short-Term Investments	13,866	11,121	12,734	10,283	12,344	14,423
Cash Growth	-4.53%	-12.67%	23.84%	-16.69%	-14.42%	48.41%
Accounts Receivable	5,337	14.08	15.96	20.04	26.93	25.42
Other Receivables	-	5,461	9,097	8,438	16,314	18,981
Receivables	5,337	5,655	9,467	9,800	17,024	19,627
Inventory	49,881	50,230	59,255	67,635	63,332	74,620
Prepaid Expenses	-	1,851	2,053	1,727	1,818	1,775
Other Current Assets	3,375	3,415	3,636	3,411	2,862	2,926
Total Current Assets	72,459	72,272	87,146	92,856	97,381	113,372
Property, Plant & Equipment	366.85	373.53	418.29	573	322.1	311.94
Long-Term Investments	12,374	12,872	14,479	16,617	15,773	15,202
Goodwill	-	-	-	160.21	160.21	160.21
Long-Term Deferred Tax Assets	826.9	808.02	760.9	931.49	936.48	890.87
Other Long-Term Assets	24,875	23,347	18,879	19,762	13,471	8,791
Total Assets	110,901	112,292	124,744	132,671	130,868	138,728

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	27,866	7,987	7,807	11,228	7,428	12,106
Accrued Expenses	-	1,967	2,538	2,792	2,857	2,885
Short-Term Debt	-	-	-	-	702.21	10,977
Current Portion of Long-Term Debt	12,041	4,648	4,679	10,349	2,010	8,070
Current Portion of Leases	25.01	24.13	29.43	54.04	57.53	52.52
Current Income Taxes Payable	2,099	2,746	2,760	3,272	3,322	3,790
Current Unearned Revenue	20,995	17,562	23,958	21,442	25,992	27,368
Other Current Liabilities	-	19,617	17,835	21,135	21,572	10,348
Total Current Liabilities	63,026	54,552	59,607	70,272	63,940	75,597
Long-Term Debt	17,663	26,839	31,393	26,371	33,349	28,467
Long-Term Leases	176.14	176.4	258.12	315.25	375.06	375.97
Long-Term Deferred Tax Liabilities	369.98	378.26	391.99	499.71	477.66	437.62
Other Long-Term Liabilities	-	-	-	88.03	-	-
Total Liabilities	81,235	81,946	91,650	97,546	98,142	104,877

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	39.13	39.13	39.13	39.13	39.13	39.13
Additional Paid-In Capital	-	3,826	3,826	3,880	4,015	4,268
Retained Earnings	-	5,315	7,516	9,367	9,233	8,904
Comprehensive Income & Other	5,355	-3,443	-3,359	-3,373	-3,425	-3,472
Total Common Equity	5,395	5,736	8,022	9,912	9,863	9,738
Minority Interest	24,272	24,610	25,072	25,213	22,863	24,112
Shareholders' Equity	29,667	30,347	33,094	35,125	32,726	33,851
Total Liabilities & Equity	110,901	112,292	124,744	132,671	130,868	138,728

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	29,905	31,688	36,360	37,089	36,494	47,942
Net Cash (Debt)	-16,039	-20,567	-23,625	-26,806	-24,151	-33,519
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.27	-4.19	-4.82	-5.46	-4.92	-6.83
Filing Date Shares Outstanding	4,902	4,905	4,905	4,905	4,905	4,905
Total Common Shares Outstanding	4,902	4,905	4,905	4,905	4,905	4,905
Working Capital	9,433	17,720	27,539	22,584	33,441	37,775
Book Value Per Share	1.10	1.17	1.64	2.02	2.01	1.99
Tangible Book Value	5,395	5,736	8,022	9,752	9,703	9,578
Tangible Book Value Per Share	1.10	1.17	1.64	1.99	1.98	1.95
Machinery	-	30.89	31.34	31.73	30.79	30.35
Leasehold Improvements	-	354.66	347.94	346.76	336.96	314.2

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 22, 2026

Data Sources Report a data error