China Merchants Land Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	11,121	12,734	10,283	12,344	14,423
Cash & Short-Term Investments	11,121	12,734	10,283	12,344	14,423
Cash Growth	-12.67%	23.84%	-16.69%	-14.42%	48.41%
Accounts Receivable	14.08	15.96	20.04	26.93	25.42
Other Receivables	5,461	9,097	8,438	16,314	18,981
Receivables	5,655	9,467	9,800	17,024	19,627
Inventory	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	3,415	3,636	3,411	2,862	2,926
Total Current Assets	72,272	87,146	92,856	97,381	113,372
Property, Plant & Equipment	373.53	418.29	573	322.1	311.94
Long-Term Investments	12,872	14,479	16,617	15,773	15,202
Goodwill	-	-	160.21	160.21	160.21
Long-Term Deferred Tax Assets	808.02	760.9	931.49	936.48	890.87
Other Long-Term Assets	23,347	18,879	19,762	13,471	8,791
Total Assets	112,292	124,744	132,671	130,868	138,728
Accounts Payable	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	4,648	4,679	10,349	2,010	8,070
Current Portion of Leases	24.13	29.43	54.04	57.53	52.52
Current Income Taxes Payable	2,746	2,760	3,272	3,322	3,790
Current Unearned Revenue	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	54,552	59,607	70,272	63,940	75,597
Long-Term Debt	26,839	31,393	26,371	33,349	28,467
Long-Term Leases	176.4	258.12	315.25	375.06	375.97
Long-Term Deferred Tax Liabilities	378.26	391.99	499.71	477.66	437.62
Other Long-Term Liabilities	-	-	88.03	-	-
Total Liabilities	81,946	91,650	97,546	98,142	104,877
Common Stock	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	-3,443	-3,359	-3,373	-3,425	-3,472
Total Common Equity	5,736	8,022	9,912	9,863	9,738
Minority Interest	24,610	25,072	25,213	22,863	24,112
Shareholders' Equity	30,347	33,094	35,125	32,726	33,851
Total Liabilities & Equity	112,292	124,744	132,671	130,868	138,728
Total Debt	31,688	36,360	37,089	36,494	47,942
Net Cash (Debt)	-20,567	-23,625	-26,806	-24,151	-33,519
Net Cash Per Share	-4.19	-4.82	-5.46	-4.92	-6.83
Filing Date Shares Outstanding	4,905	4,905	4,905	4,905	4,905
Total Common Shares Outstanding	4,905	4,905	4,905	4,905	4,905
Working Capital	17,720	27,539	22,584	33,441	37,775
Book Value Per Share	1.17	1.64	2.02	2.01	1.99
Tangible Book Value	5,736	8,022	9,752	9,703	9,578
Tangible Book Value Per Share	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