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China Merchants Land 978.HK · HKD

Real Estate · HKEX · 🇭🇰 Hong Kong

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0.24

-0.84%

Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥30.58bn

FY2016FY2025

Net income

−CN¥2.56bn

FY2016FY2025

Free cash flow

−CN¥3.15bn

FY2016FY2025

Shareholders' equity

CN¥6.69bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥30.58bnCN¥20.66bnCN¥33.55bnCN¥34.80bnCN¥30.19bnCN¥22.08bnCN¥22.66bnCN¥13.93bnCN¥20.16bnCN¥13.52bn
Gross profitCN¥1.93bnCN¥985.4mCN¥4.51bnCN¥4.66bnCN¥5.58bnCN¥5.50bnCN¥7.37bnCN¥4.65bnCN¥6.65bnCN¥3.89bn
Operating incomeCN¥516.1m−CN¥280.4mCN¥3.44bnCN¥3.70bnCN¥4.30bnCN¥4.48bnCN¥7.53bnCN¥5.05bnCN¥6.73bnCN¥3.37bn
Net income−CN¥2.56bn−CN¥1.85bnCN¥155.4mCN¥384.0mCN¥653.0mCN¥816.9mCN¥3.14bnCN¥1.42bnCN¥1.91bnCN¥945.2m
Diluted earnings per share-0.52-0.380.030.080.130.170.640.270.390.19

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥130.86bnCN¥124.74bnCN¥154.54bnCN¥152.44bnCN¥161.60bnCN¥129.33bnCN¥103.00bnCN¥83.02bnCN¥67.35bnCN¥56.43bn
Cash and short-term investmentsCN¥12.96bnCN¥12.73bnCN¥11.98bnCN¥14.38bnCN¥16.80bnCN¥11.32bnCN¥10.43bnCN¥8.00bnCN¥6.04bnCN¥6.90bn
Total liabilitiesCN¥95.50bnCN¥91.65bnCN¥113.63bnCN¥114.32bnCN¥122.17bnCN¥92.91bnCN¥69.42bnCN¥55.30bnCN¥41.99bnCN¥40.00bn
DebtCN¥36.94bnCN¥36.36bnCN¥37.09bnCN¥35.79bnCN¥36.97bnCN¥19.94bnCN¥22.24bnCN¥18.65bnCN¥15.23bnCN¥17.08bn
Shareholders' equityCN¥6.69bnCN¥8.02bnCN¥11.55bnCN¥11.49bnCN¥11.34bnCN¥11.07bnCN¥11.07bnCN¥9.46bnCN¥8.64bnCN¥6.98bn
Shares outstanding4,905m4,905m4,905m4,905m4,905m4,905m4,905m5,299m4,905m4,905m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations−CN¥3.15bnCN¥6.55bn−CN¥642.8mCN¥7.17bn−CN¥7.12bnCN¥8.93bnCN¥3.82bnCN¥1.46bnCN¥2.71bn−CN¥886.2m
Capital spending−CN¥2.6m−CN¥1.4m−CN¥17.2m−CN¥32.3m−CN¥14.6m−CN¥14.8m−CN¥103.8m−CN¥120.6m−CN¥100.3m−CN¥37.0m
Free cash flow−CN¥3.15bnCN¥6.55bn−CN¥660.0mCN¥7.13bn−CN¥7.14bnCN¥8.92bnCN¥3.72bnCN¥1.34bnCN¥2.61bn−CN¥923.2m
Dividends paid—−CN¥53.7m−CN¥467.6m−CN¥1.02bn−CN¥644.7m−CN¥1.53bn−CN¥799.6m−CN¥542.6m−CN¥460.1m−CN¥46.5m

Latest quarters

By quarter end

Jun 2026Dec 2025Jun 2025Dec 2024Jun 2024Dec 2023Sept 2023Jun 2023
RevenueCN¥4.54bnCN¥24.87bnCN¥5.71bnCN¥15.42bnCN¥5.24bnCN¥18.99bnCN¥11.06bnCN¥11.43bn
Gross profitCN¥483.3mCN¥1.65bnCN¥286.0mCN¥786.8mCN¥198.6mCN¥1.98bnCN¥1.15bnCN¥2.21bn
Operating incomeCN¥84.2mCN¥594.8m−CN¥78.7m−CN¥207.1m−CN¥73.3mCN¥1.13bnCN¥656.7mCN¥1.76bn
Net income−CN¥260.7m−CN¥2.29bn−CN¥269.0m−CN¥1.52bn−CN¥327.7mCN¥49.3mCN¥28.7mCN¥98.0m
Diluted earnings per share-0.05-0.47-0.05-0.31-0.070.010.010.02
Cash from operations—−CN¥4.22bnCN¥1.16bnCN¥4.73bnCN¥1.81bn−CN¥5.02bn−CN¥2.51bnCN¥4.37bn
Capital spending—−CN¥1.0m−CN¥1.0m——−CN¥8.0m−CN¥4.0m−CN¥9.0m
Free cash flow—−CN¥4.22bnCN¥1.16bn——−CN¥5.02bn−CN¥2.51bnCN¥4.37bn
Total assetsCN¥129.16bnCN¥130.86bnCN¥158.39bnCN¥124.74bnCN¥138.23bnCN¥154.54bnCN¥154.54bnCN¥162.58bn
Cash and short-term investmentsCN¥16.15bnCN¥12.96bnCN¥16.92bnCN¥12.73bnCN¥12.91bnCN¥11.98bnCN¥11.98bnCN¥14.18bn
DebtCN¥13.38bnCN¥36.91bnCN¥40.54bnCN¥36.36bnCN¥42.17bnCN¥43.20bnCN¥12.72bnCN¥41.74bn
Shareholders' equityCN¥6.28bnCN¥6.69bnCN¥9.03bnCN¥8.02bnCN¥9.56bnCN¥11.55bnCN¥11.55bnCN¥11.49bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-4.2%6.7%15.2%
Operating income-48.2%-35.1%-8.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin5.7%10.1%13.5%19.0%
Operating margin0.5%6.2%9.4%16.1%
Net margin-8.6%-3.2%-1.4%2.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-0.5-0.78.56.24.96.11.73.63.35.2
Price to sales0.00.10.00.10.10.20.20.40.30.4

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 8 Jul 2024.

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Paid in the year0.0240.030.060.070.0010.080.0010.045
  • 10-to-1 reverse split · 6 Dec 2010
  • 7-for-5 split · 22 Sept 1999
  • 7-for-5 split · 10 Sept 1998

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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