China Merchants Bank Co., Ltd. (SHA:600036)

China Merchants Bank Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	150,747	150,181	148,391	146,602	138,012	119,922
Depreciation & Amortization	14,993	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	-742	-742	-249	-168	-282	-113
Gain (Loss) on Sale of Investments	-2,807	-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	42,464	42,464	43,385	46,378	44,771	36,773
Change in Other Net Operating Assets	360,362	360,362	357,240	253,745	446,852	54,603
Other Operating Activities	-90,627	-120,884	-104,299	-91,796	-71,601	-72,280
Operating Cash Flow	482,280	451,457	447,023	357,753	570,143	182,048
Operating Cash Flow Growth	-11.22%	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-30,469	-28,141	-34,930	-30,161	-34,892	-24,160
Sale of Property, Plant and Equipment	17,135	13,074	10,757	4,950	6,750	2,399
Cash Acquisitions	-1,001	-951	-571	-39	-484	-5,342
Investment in Securities	-320,644	-435,101	-382,248	-327,820	-564,885	-64,646
Divestitures	638	638	416	-	463	855
Other Investing Activities	121,924	125,561	113,717	97,963	79,122	71,197
Investing Cash Flow	-212,417	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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
Net Debt Issued (Repaid)	-19,522	-13,098	-39,787	-143,582	-313,182	3,266
Issuance of Common Stock	46,991	46,991	29,997	29,997	-	42,989
Repurchase of Common Stock	-50,000	-50,000	-	-	-	-
Preferred Share Repurchases	-	-	-	-	-7,196	-
Common Dividends Paid	-81,299	-55,751	-54,319	-47,394	-41,947	-33,820
Preferred Dividends Paid	-996	-996	-996	-996	-1,675	-1,638
Total Dividends Paid	-82,295	-56,747	-55,315	-48,390	-43,622	-35,458
Net Increase (Decrease) in Deposit Accounts	-11,346	-74,672	77,684	86,845	82,449	87,024
Other Financing Activities	-31,781	-22,412	-10,430	2,141	-15,481	-8,462
Financing Cash Flow	-147,953	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-4,336	-3,304	1,195	2,164	6,259	-2,746
Net Cash Flow	117,574	-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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	451,811	423,316	412,093	327,592	535,251	157,888
Free Cash Flow Growth	-12.47%	2.72%	25.80%	-38.80%	239.01%	-60.74%
Free Cash Flow Margin	151.20%	142.23%	138.81%	109.99%	185.83%	59.51%
Free Cash Flow Per Share	17.88	16.79	16.34	12.99	21.22	6.26

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	143,183	153,469	156,921	137,386	129,993	130,446
Cash Income Tax Paid	47,178	47,366	52,648	56,240	61,004	56,868

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 8, 2026

Data Sources Report a data error