China Merchants Bank Co., Ltd. (HKG:3968)

China Merchants Bank 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	13,971	317,150	331,355	241,687	220,945	255,954
Investment Securities	3,659,685	3,780,055	3,128,828	2,872,637	2,360,687	2,238,191
Trading Asset Securities	653,355	278,818	274,269	203,058	371,472	182,430
Total Investments	4,313,040	4,058,873	3,403,097	3,075,695	2,732,159	2,420,621
Gross Loans	7,290,791	7,185,723	6,690,606	6,221,964	5,278,118	4,823,360
Allowance for Loan Losses	-	-265,365	-266,805	-254,913	-245,494	-234,522
Net Loans	7,290,791	6,920,358	6,423,801	5,967,051	5,032,624	4,588,838
Property, Plant & Equipment	143,948	145,651	132,389	117,472	92,688	82,309
Goodwill	9,954	9,954	9,954	9,999	9,954	9,954
Other Intangible Assets	2,081	2,196	2,709	3,402	8,802	9,711
Investments in Real Estate	1,058	1,117	1,160	1,268	1,372	1,623
Accrued Interest Receivable	-	44,979	45,145	43,105	28,028	24,469
Other Receivables	-	-	-	525	321	340
Restricted Cash	562,072	507,018	536,637	534,232	484,878	472,566
Other Current Assets	8,160	10,526	3,087	3,003	436,706	339,530
Long-Term Deferred Tax Assets	83,388	83,674	90,557	90,848	81,639	72,893
Other Real Estate Owned & Foreclosed	-	383	417	456	513	612
Other Long-Term Assets	101,329	50,157	48,175	50,169	116,525	80,215
Total Assets	12,529,792	12,152,036	11,028,483	10,138,912	9,249,021	8,361,448
Accrued Expenses	35,928	40,346	34,469	31,886	25,914	20,726
Interest Bearing Deposits	10,174,149	9,795,893	8,663,110	8,180,360	7,098,332	6,348,100
Total Deposits	10,174,149	9,795,893	8,663,110	8,180,360	7,098,332	6,348,100
Short-Term Borrowings	150,410	115,625	152,521	125,729	184,942	192,988
Current Portion of Long-Term Debt	-	160,419	117,212	105,204	314,300	212,023
Current Portion of Leases	-	3,910	3,836	4,185	4,031	3,820
Current Income Taxes Payable	16,363	5,680	7,301	13,392	16,539	13,907
Accrued Interest Payable	-	99,411	85,978	55,893	39,840	39,437
Other Current Liabilities	-	45,240	37,786	50,804	68,746	47,475
Long-Term Debt	664,174	493,379	690,465	455,389	462,982	609,257
Long-Term Leases	12,359	8,868	8,839	8,828	9,781	10,422
Long-Term Unearned Revenue	4,058	4,193	5,486	6,679	7,536	6,829
Pension & Post-Retirement Benefits	-	148	361	765	1,629	1,240
Long-Term Deferred Tax Liabilities	1,579	1,592	1,607	1,510	1,353	1,073
Other Long-Term Liabilities	216,908	143,857	133,783	144,050	147,415	123,797
Total Liabilities	11,275,928	10,918,561	9,942,754	9,184,674	8,383,340	7,631,094
Preferred Stock, Convertible	27,468	27,468	27,468	27,468	34,065	34,065
Common Stock	25,220	25,220	25,220	25,220	25,220	25,220
Additional Paid-In Capital	-	-	-	-	67,523	67,523
Retained Earnings	948,939	911,662	818,590	720,427	626,017	539,505
Comprehensive Income & Other	244,580	261,664	205,092	172,388	105,920	57,437
Total Common Equity	1,218,739	1,198,546	1,048,902	918,035	824,680	689,685
Minority Interest	7,657	7,461	9,359	8,735	6,936	6,604
Shareholders' Equity	1,253,864	1,233,475	1,085,729	954,238	865,681	730,354
Total Liabilities & Equity	12,529,792	12,152,036	11,028,483	10,138,912	9,249,021	8,361,448
Total Debt	826,943	782,201	972,873	699,335	976,036	1,028,510
Net Cash (Debt)	247,749	166,494	-173,773	33,959	148,371	-279,137
Net Cash Growth	483.87%	-	-	-77.11%	-	-
Net Cash Per Share	9.83	6.60	-6.89	1.35	5.88	-11.07
Filing Date Shares Outstanding	25,220	25,220	25,220	25,220	25,220	25,220
Total Common Shares Outstanding	25,220	25,220	25,220	25,220	25,220	25,220
Book Value Per Share	42.26	41.46	36.71	32.71	29.01	25.36
Tangible Book Value	1,206,704	1,186,396	1,036,239	904,634	805,924	670,020
Tangible Book Value Per Share	41.78	40.98	36.21	32.18	28.27	24.59

Source: S&P Global Market Intelligence. Banks template. Financial Sources.