China Merchants Land Limited (HKG:0978)
Hong Kong · Delayed Price · Currency is HKD 0.2400
+0.0040 (1.69%)
Oct 6, 2026, 3:47 PM HKT
China Merchants Land Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | -2,197 | -2,201 | -1,851 | 133.41 | 329.66 | 560.57 |
Depreciation & Amortization | 376.11 | 301.67 | 211.37 | 231.7 | 225.44 | 277.95 |
Loss (Gain) From Sale of Assets | 2.59 | 2.59 | 0.05 | -0.05 | -56.68 | 0 |
Asset Writedown & Restructuring Costs | - | - | 160.21 | - | - | - |
Loss (Gain) From Sale of Investments | 24.21 | 24.21 | 183.62 | 36.42 | -10.61 | -10.94 |
Loss (Gain) on Equity Investments | 1,076 | 1,076 | 246.31 | -368.08 | -263.94 | -414.49 |
Provision & Write-off of Bad Debts | 70.29 | 70.29 | 335.15 | 2.5 | 59.06 | 262.07 |
Other Operating Activities | 444.11 | 740.38 | -42.37 | 1,394 | 1,016 | 358.52 |
Change in Accounts Receivable | -1,137 | 123.69 | 191.49 | 5,378 | 213.61 | 473.25 |
Change in Inventory | 11,988 | 5,561 | 9,160 | 7,081 | 11,378 | -16,284 |
Change in Accounts Payable | -5,323 | -572.82 | -5,899 | -4,961 | -5,987 | 5,101 |
Change in Unearned Revenue | -8,397 | -6,377 | 2,516 | -6,703 | -1,347 | 3,569 |
Change in Other Net Operating Assets | 321 | 184.93 | 1,336 | -2,777 | -409.28 | -6.3 |
Operating Cash Flow | -2,752 | -1,067 | 6,548 | -551.79 | 5,149 | -6,113 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -3.37 | -2.26 | -1.42 | -14.77 | -27.75 | -12.52 |
Sale of Property, Plant & Equipment | 0.02 | 0.02 | 0.09 | 0.34 | 0.23 | 0.2 |
Cash Acquisitions | 15.55 | 1,064 | -26.56 | 302.41 | - | 528.13 |
Divestitures | -11.18 | -11.18 | - | - | 398.85 | - |
Sale (Purchase) of Real Estate | - | - | - | -0.23 | -2.32 | -96.82 |
Investment in Securities | -233.27 | 19.8 | -434.05 | -2,294 | -861.81 | 1,351 |
Other Investing Activities | 3,223 | 3,268 | 1,054 | -2,346 | -6,082 | -2,768 |
Investing Cash Flow | 2,991 | 4,338 | 592.2 | -4,352 | -6,574 | -997.67 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | - | - | - | 4,238 | 4,961 |
Long-Term Debt Issued | - | 8,865 | 22,951 | 30,540 | 29,964 | 35,663 |
Total Debt Issued | 13,670 | 8,865 | 22,951 | 30,540 | 34,202 | 40,623 |
Short-Term Debt Repaid | - | - | - | - | -1,442 | -2,828 |
Long-Term Debt Repaid | - | -13,721 | -24,947 | -27,925 | -32,143 | -22,906 |
Lease Payments | -31.15 | -38.45 | -74.57 | -75.56 | -77.81 | -109.8 |
Total Debt Repaid | -16,008 | -13,721 | -24,947 | -27,925 | -33,584 | -25,734 |
Net Debt Issued (Repaid) | -2,338 | -4,855 | -1,996 | 2,616 | 618.31 | 14,889 |
Common Dividends Paid | - | - | -53.7 | -401.43 | -876.83 | -286.64 |
Other Financing Activities | 281.26 | 367.45 | -1,286 | -1,880 | -1,504 | -2,782 |
Financing Cash Flow | -2,057 | -4,488 | -3,335 | 334.31 | -1,762 | 11,820 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -30.58 | -31.15 | -19.27 | -15.35 | 105.35 | -5.02 |
Net Cash Flow | -1,848 | -1,248 | 3,785 | -4,585 | -3,083 | 4,704 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | -2,756 | -1,069 | 6,546 | -566.56 | 5,121 | -6,126 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -10.93% | -4.07% | 31.68% | -1.97% | 17.14% | -23.63% |
Free Cash Flow Per Share | -0.56 | -0.22 | 1.33 | -0.12 | 1.04 | -1.25 |
Levered Free Cash Flow | 8,069 | 8,524 | 2,865 | 2,567 | 20,208 | -3,227 |
Unlevered Free Cash Flow | 8,341 | 8,818 | 3,225 | 3,030 | 20,601 | -2,795 |
Free Cash Flow After Leases | -2,787 | -1,108 | 6,472 | -642.12 | 5,043 | -6,236 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Interest Paid | 1,313 | 1,348 | 1,300 | 1,527 | 1,518 | 1,240 |
Cash Income Tax Paid | 1,920 | 1,375 | 1,181 | 1,677 | 2,265 | 3,433 |
Change in Working Capital | -2,548 | -1,081 | 7,304 | -1,982 | 3,849 | -7,147 |