China Merchants Bank Co., Ltd. (SHA:600036)
China · Delayed Price · Currency is CNY 43.09
-0.46 (-1.06%)
Nov 2, 2026, 11:30 AM CST
China Merchants Bank 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 | Sep '26 Sep 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 | 152,885 | 150,181 | 148,391 | 146,602 | 138,012 | 119,922 |
Depreciation & Amortization | 15,735 | 14,993 | 14,954 | 14,551 | 13,585 | 13,531 |
Other Amortization | 1,427 | 1,427 | 1,532 | 1,832 | 2,038 | 974 |
Gain (Loss) on Sale of Assets | -456 | -742 | -249 | -168 | -282 | -113 |
Gain (Loss) on Sale of Investments | 8,570 | -2,807 | -2,789 | -5,166 | 12,409 | 29,335 |
Total Asset Writedown | 8,236 | 8,236 | -11,306 | -8,142 | -7,184 | -697 |
Provision for Credit Losses | 47,098 | 42,464 | 43,385 | 46,378 | 44,771 | 36,773 |
Change in Other Net Operating Assets | 398,260 | 360,362 | 357,240 | 253,745 | 446,852 | 54,603 |
Other Operating Activities | -128,730 | -120,884 | -104,299 | -91,796 | -71,601 | -72,280 |
Operating Cash Flow | 499,680 | 451,457 | 447,023 | 357,753 | 570,143 | 182,048 |
Operating Cash Flow Growth | - | 0.99% | 24.95% | -37.25% | 213.18% | -56.79% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -45,726 | -28,141 | -34,930 | -30,161 | -34,892 | -24,160 |
Sale of Property, Plant and Equipment | 6,261 | 13,074 | 10,757 | 4,950 | 6,750 | 2,399 |
Cash Acquisitions | -1,237 | -951 | -571 | -39 | -484 | -5,342 |
Investment in Securities | -274,282 | -435,101 | -382,248 | -327,820 | -564,885 | -64,646 |
Divestitures | 638 | 638 | 416 | - | 463 | 855 |
Other Investing Activities | 121,957 | 125,561 | 113,717 | 97,963 | 79,122 | 71,197 |
Investing Cash Flow | -192,389 | -324,920 | -292,859 | -255,107 | -513,926 | -19,697 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Long-Term Debt Issued | - | 27,237 | 24,995 | 25,201 | 21,481 | 63,872 |
Long-Term Debt Repaid | - | -40,335 | -64,782 | -168,783 | -334,663 | -60,606 |
Lease Payments | -4,333 | -4,534 | -4,793 | -5,053 | -4,932 | -4,835 |
Net Debt Issued (Repaid) | -5,738 | -13,098 | -39,787 | -143,582 | -313,182 | 3,266 |
Issuance of Common Stock | 49,993 | 46,991 | 29,997 | 29,997 | - | 42,989 |
Repurchase of Common Stock | - | -50,000 | - | - | - | - |
Preferred Share Repurchases | -27,500 | - | - | - | -7,196 | - |
Common Dividends Paid | -55,091 | -55,751 | -54,319 | -47,394 | -41,947 | -33,820 |
Preferred Dividends Paid | -1,318 | -996 | -996 | -996 | -1,675 | -1,638 |
Total Dividends Paid | -56,409 | -56,747 | -55,315 | -48,390 | -43,622 | -35,458 |
Net Increase (Decrease) in Deposit Accounts | -81,990 | -74,672 | 77,684 | 86,845 | 82,449 | 87,024 |
Other Financing Activities | -15,665 | -22,412 | -10,430 | 2,141 | -15,481 | -8,462 |
Financing Cash Flow | -137,309 | -169,938 | 2,149 | -72,989 | -297,032 | 89,359 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -3,953 | -3,304 | 1,195 | 2,164 | 6,259 | -2,746 |
Net Cash Flow | 166,029 | -46,705 | 157,508 | 31,821 | -234,556 | 248,964 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 453,954 | 423,316 | 412,093 | 327,592 | 535,251 | 157,888 |
Free Cash Flow Growth | - | 2.72% | 25.80% | -38.80% | 239.01% | -60.74% |
Free Cash Flow Margin | 150.76% | 142.23% | 138.81% | 109.99% | 185.83% | 59.51% |
Free Cash Flow Per Share | 18.11 | 16.79 | 16.34 | 12.99 | 21.22 | 6.26 |
Free Cash Flow After Leases | 449,621 | 418,782 | 407,300 | 322,539 | 530,319 | 153,053 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 143,988 | 153,469 | 156,921 | 137,386 | 129,993 | 130,446 |
Cash Income Tax Paid | 49,740 | 47,366 | 52,648 | 56,240 | 61,004 | 56,868 |