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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	15,325	331,355	241,687	220,945	255,954	379,249
Investment Securities	3,693,697	3,128,828	2,872,637	2,360,687	2,238,191	1,840,599
Trading Asset Securities	521,236	274,269	203,058	371,472	182,430	137,326
Total Investments	4,214,933	3,403,097	3,075,695	2,732,159	2,420,621	1,977,925
Gross Loans	6,497,960	6,690,606	6,221,964	5,278,118	4,823,360	4,354,011
Allowance for Loan Losses	-	-266,805	-254,913	-245,494	-234,522	-222,899
Net Loans	6,497,960	6,423,801	5,967,051	5,032,624	4,588,838	4,131,112
Property, Plant & Equipment	140,387	132,389	117,472	92,688	82,309	80,131
Goodwill	9,954	9,954	9,999	9,954	9,954	9,954
Other Intangible Assets	2,167	2,709	3,402	8,802	9,711	9,713
Investments in Real Estate	1,080	1,160	1,268	1,372	1,623	1,925
Accrued Interest Receivable	-	45,145	43,105	28,028	24,469	23,457
Other Receivables	-	-	525	321	340	314
Restricted Cash	614,146	536,637	534,232	484,878	472,566	472,533
Other Current Assets	6,786	3,087	3,003	436,706	339,530	231,073
Long-Term Deferred Tax Assets	89,148	90,557	90,848	81,639	72,893	65,151
Other Real Estate Owned & Foreclosed	-	417	456	513	612	768
Other Long-Term Assets	62,877	48,175	50,169	116,525	80,215	32,586
Total Assets	11,654,763	11,028,483	10,138,912	9,249,021	8,361,448	7,417,240
Accrued Expenses	36,142	34,469	31,886	25,914	20,726	18,710
Interest Bearing Deposits	9,420,081	8,662,898	8,180,360	7,098,332	6,348,100	5,398,106
Total Deposits	9,420,081	8,662,898	8,180,360	7,098,332	6,348,100	5,398,106
Short-Term Borrowings	76,945	152,521	125,729	184,942	192,988	86,433
Current Portion of Long-Term Debt	-	117,212	105,204	314,300	212,023	419,633
Current Portion of Leases	-	3,836	4,185	4,031	3,820	3,732
Current Income Taxes Payable	14,782	7,301	13,392	16,539	13,907	13,909
Accrued Interest Payable	-	85,978	55,893	39,840	39,437	32,456
Other Current Liabilities	-	37,786	50,804	68,746	47,475	60,862
Long-Term Debt	723,590	685,286	455,389	462,982	609,257	683,654
Long-Term Leases	12,770	8,839	8,828	9,781	10,422	10,647
Long-Term Unearned Revenue	4,714	5,486	6,679	7,536	6,829	6,488
Pension & Post-Retirement Benefits	-	361	765	1,629	1,240	699
Long-Term Deferred Tax Liabilities	1,545	1,607	1,510	1,353	1,073	956
Other Long-Term Liabilities	204,559	139,174	144,050	147,415	123,797	63,248
Total Liabilities	10,495,128	9,942,754	9,184,674	8,383,340	7,631,094	6,799,533
Preferred Stock, Convertible	27,468	27,468	27,468	34,065	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	67,523
Retained Earnings	880,059	818,590	720,427	626,017	539,505	474,052
Comprehensive Income & Other	219,780	205,092	172,388	105,920	57,437	10,441
Total Common Equity	1,125,059	1,048,902	918,035	824,680	689,685	577,236
Minority Interest	7,108	9,359	8,735	6,936	6,604	6,406
Shareholders' Equity	1,159,635	1,085,729	954,238	865,681	730,354	617,707
Total Liabilities & Equity	11,654,763	11,028,483	10,138,912	9,249,021	8,361,448	7,417,240
Total Debt	813,305	967,694	699,335	976,036	1,028,510	1,204,099
Net Cash (Debt)	540,014	-168,594	33,959	148,371	-279,137	-529,013
Net Cash Growth	502.99%	-	-77.11%	-	-	-
Net Cash Per Share	21.40	-6.68	1.35	5.88	-11.07	-20.98
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	39.73	36.71	32.71	29.01	25.36	22.89
Tangible Book Value	1,112,938	1,036,239	904,634	805,924	670,020	557,569
Tangible Book Value Per Share	39.25	36.21	32.18	28.27	24.59	22.11

Source: S&P Capital IQ. Banks template. Financial Sources.