China Merchants Bank Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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 & Equivalents	-	343,776	317,150	331,355	241,687	220,945
Investment Securities	-	4,107,806	3,779,828	3,128,680	2,872,557	2,360,687
Trading Asset Securities	-	366,029	278,818	274,269	203,058	371,472
Total Investments	-	4,473,835	4,058,646	3,402,949	3,075,615	2,732,159
Gross Loans	-	7,309,630	6,805,773	6,219,488	5,707,910	5,278,118
Allowance for Loan Losses	-	-262,973	-265,365	-266,805	-254,913	-245,494
Net Loans	-	7,046,657	6,540,408	5,952,683	5,452,997	5,032,624
Property, Plant & Equipment	-	141,913	140,496	126,912	111,772	92,688
Goodwill	-	9,954	9,954	9,954	9,999	9,954
Other Intangible Assets	-	6,000	6,406	7,095	7,968	8,802
Investments in Real Estate	-	997	1,117	1,160	1,268	1,372
Accrued Interest Receivable	-	47,988	45,206	45,293	43,185	28,028
Other Receivables	-	-	-	-	525	321
Restricted Cash	-	502,368	507,018	536,637	534,232	484,878
Other Current Assets	-	361,927	390,476	474,205	517,057	436,706
Long-Term Deferred Tax Assets	-	89,856	83,674	90,557	90,848	81,639
Other Real Estate Owned & Foreclosed	-	356	383	417	456	513
Other Long-Term Assets	-	43,750	49,785	47,766	49,679	116,525
Total Assets	-	13,070,523	12,152,036	11,028,483	10,138,912	9,249,021

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
Accounts Payable	-	-	-	37,454	39,862	-
Accrued Expenses	-	43,365	42,396	34,469	31,886	25,914
Interest Bearing Deposits	-	10,746,618	9,795,893	8,663,110	8,180,743	7,098,332
Total Deposits	-	10,746,618	9,795,893	8,663,110	8,180,743	7,098,332
Short-Term Borrowings	-	114,062	115,625	152,521	125,729	184,942
Current Portion of Long-Term Debt	-	76,879	160,419	117,212	105,204	314,300
Current Portion of Leases	-	3,705	3,910	3,836	4,185	4,031
Current Income Taxes Payable	-	9,051	5,680	7,301	13,392	16,539
Accrued Interest Payable	-	89,639	99,411	85,978	55,893	39,840
Other Current Liabilities	-	138,124	59,978	37,786	50,804	68,746
Long-Term Debt	-	428,386	493,379	690,465	463,098	462,982
Long-Term Leases	-	7,548	8,868	8,839	8,828	9,781
Long-Term Unearned Revenue	-	3,548	4,193	5,486	6,679	7,536
Pension & Post-Retirement Benefits	-	188	148	361	765	1,629
Long-Term Deferred Tax Liabilities	-	1,115	1,592	1,607	1,510	1,353
Other Long-Term Liabilities	-	127,396	127,069	96,329	96,096	147,415
Total Liabilities	-	11,789,624	10,918,561	9,942,754	9,184,674	8,383,340

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
Preferred Stock, Convertible	-	27,468	27,468	27,468	27,468	34,065
Common Stock	-	25,220	25,220	25,220	25,220	25,220
Additional Paid-In Capital	-	65,409	65,429	65,432	65,435	67,523
Retained Earnings	-	979,559	911,662	818,590	720,427	626,017
Comprehensive Income & Other	-	175,219	196,235	139,660	106,953	105,920
Total Common Equity	1,282,355	1,245,407	1,198,546	1,048,902	918,035	824,680
Minority Interest	-	8,024	7,461	9,359	8,735	6,936
Shareholders' Equity	1,290,585	1,280,899	1,233,475	1,085,729	954,238	865,681
Total Liabilities & Equity	-	13,070,523	12,152,036	11,028,483	10,138,912	9,249,021

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
Total Debt	691,306	630,580	782,201	972,873	707,044	976,036
Net Cash (Debt)	1,109,667	400,713	166,494	-173,773	26,250	148,371
Net Cash Growth	273.36%	140.68%	-	-	-82.31%	-
Net Cash Per Share	44.24	15.89	6.60	-6.89	1.04	5.88
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	44.90	43.43	41.46	36.71	32.71	29.01
Tangible Book Value	1,266,546	1,229,453	1,182,186	1,031,853	900,068	805,924
Tangible Book Value Per Share	44.27	42.80	40.81	36.04	32.00	28.27