China Merchants Bank Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Cash & Equivalents	-	-	331,355	241,687	220,945	255,954	Upgrade
Investment Securities	-	-	3,128,828	2,872,637	2,360,687	2,238,191	Upgrade
Trading Asset Securities	-	-	274,269	203,058	371,472	182,430	Upgrade
Total Investments	-	-	3,403,097	3,075,695	2,732,159	2,420,621	Upgrade
Gross Loans	-	-	6,690,606	6,221,964	5,278,118	4,823,360	Upgrade
Allowance for Loan Losses	-	-	-266,805	-254,913	-245,494	-234,522	Upgrade
Net Loans	-	-	6,423,801	5,967,051	5,032,624	4,588,838	Upgrade
Property, Plant & Equipment	-	-	132,389	117,472	92,688	82,309	Upgrade
Goodwill	-	-	9,954	9,999	9,954	9,954	Upgrade
Other Intangible Assets	-	-	2,709	3,402	8,802	9,711	Upgrade
Investments in Real Estate	-	-	1,160	1,268	1,372	1,623	Upgrade
Accrued Interest Receivable	-	-	45,145	43,105	28,028	24,469	Upgrade
Other Receivables	-	-	-	525	321	340	Upgrade
Restricted Cash	-	-	536,637	534,232	484,878	472,566	Upgrade
Other Current Assets	-	-	3,087	3,003	436,706	339,530	Upgrade
Long-Term Deferred Tax Assets	-	-	90,557	90,848	81,639	72,893	Upgrade
Other Real Estate Owned & Foreclosed	-	-	417	456	513	612	Upgrade
Other Long-Term Assets	-	-	48,175	50,169	116,525	80,215	Upgrade
Total Assets	-	-	11,028,483	10,138,912	9,249,021	8,361,448	Upgrade
Accrued Expenses	-	-	34,469	31,886	25,914	20,726	Upgrade
Interest Bearing Deposits	-	-	8,662,898	8,180,360	7,098,332	6,348,100	Upgrade
Total Deposits	-	-	8,662,898	8,180,360	7,098,332	6,348,100	Upgrade
Short-Term Borrowings	-	-	152,521	125,729	184,942	192,988	Upgrade
Current Portion of Long-Term Debt	-	-	117,212	105,204	314,300	212,023	Upgrade
Current Portion of Leases	-	-	3,836	4,185	4,031	3,820	Upgrade
Current Income Taxes Payable	-	-	7,301	13,392	16,539	13,907	Upgrade
Accrued Interest Payable	-	-	85,978	55,893	39,840	39,437	Upgrade
Other Current Liabilities	-	-	37,786	50,804	68,746	47,475	Upgrade
Long-Term Debt	-	-	685,286	455,389	462,982	609,257	Upgrade
Long-Term Leases	-	-	8,839	8,828	9,781	10,422	Upgrade
Long-Term Unearned Revenue	-	-	5,486	6,679	7,536	6,829	Upgrade
Pension & Post-Retirement Benefits	-	-	361	765	1,629	1,240	Upgrade
Long-Term Deferred Tax Liabilities	-	-	1,607	1,510	1,353	1,073	Upgrade
Other Long-Term Liabilities	-	-	139,174	144,050	147,415	123,797	Upgrade
Total Liabilities	-	-	9,942,754	9,184,674	8,383,340	7,631,094	Upgrade
Preferred Stock, Convertible	-	-	27,468	27,468	34,065	34,065	Upgrade
Total Preferred Equity	27,468	27,468	27,468	27,468	34,065	34,065	Upgrade
Common Stock	-	-	25,220	25,220	25,220	25,220	Upgrade
Additional Paid-In Capital	-	-	-	-	67,523	67,523	Upgrade
Retained Earnings	-	-	818,590	720,427	626,017	539,505	Upgrade
Comprehensive Income & Other	-	-	205,092	172,388	105,920	57,437	Upgrade
Total Common Equity	1,125,059	1,125,059	1,048,902	918,035	824,680	689,685	Upgrade
Minority Interest	-	-	9,359	8,735	6,936	6,604	Upgrade
Shareholders' Equity	1,159,635	1,159,635	1,085,729	954,238	865,681	730,354	Upgrade
Total Liabilities & Equity	-	-	11,028,483	10,138,912	9,249,021	8,361,448	Upgrade
Total Debt	813,305	813,305	967,694	699,335	976,036	1,028,510	Upgrade
Net Cash (Debt)	540,014	540,014	-168,594	33,959	148,371	-279,137	Upgrade
Net Cash Growth	-	-	-	-77.11%	-	-	Upgrade
Net Cash Per Share	20.60	20.60	-6.68	1.35	5.88	-11.07	Upgrade
Filing Date Shares Outstanding	29,218	29,218	25,220	25,220	25,220	25,220	Upgrade
Total Common Shares Outstanding	25,220	25,220	25,220	25,220	25,220	25,220	Upgrade
Book Value Per Share	39.73	39.73	36.71	32.71	29.01	25.36	Upgrade
Tangible Book Value	1,112,938	1,112,938	1,036,239	904,634	805,924	670,020	Upgrade
Tangible Book Value Per Share	39.25	39.25	36.21	32.18	28.27	24.59	Upgrade

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