Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
28,494.80
22,423.37
31,824.88
34,736.74
31,240.77
21,301.20
22,058.41
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
28,494.80
22,423.37
31,824.88
34,736.74
31,240.77
21,301.20
22,058.41
Raw Material Cost
26,669.64
21,332.99
27,547.93
30,081.12
25,465.70
15,997.84
14,881.14
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
154.58
148.88
161.72
206.32
212.92
210.98
196.86
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
510.26
625.86
818.13
730.18
833.60
770.07
831.17
Selling and Distribution Expenses
0.00
0.00
1,360.18
1,339.63
1,642.06
1,195.30
854.99
Other Expenses
65.43
59.76
-97.99
-93.65
-104.65
-98.11
-102.80
Total Expenditure (Excl Depreciation)
27,988.79
22,705.35
28,908.11
31,420.74
27,107.76
17,193.14
15,736.14
Operating Profit (PBDIT) excl Other Income
506
-282
2916.8
3316
4133
4108.1
6322.3
Other Income
715.36
282.11
508.51
561.05
443.30
474.79
491.66
Operating Profit (PBDIT)
614.82
25.71
3,681.30
4,139.21
4,911.30
4,831.11
7,039.83
Interest
510.26
625.86
818.13
730.18
833.60
770.07
831.17
Exceptional Items
-26.26
-370.82
-40.24
12.33
13.18
2.70
3.44
Gross Profit (PBDT)
1,825.15
1,090.38
4,276.94
4,655.62
5,775.07
5,303.36
7,177.27
Depreciation
327.16
229.17
256.02
262.16
334.99
248.27
225.89
Profit Before Tax
-248.86
-1,200.15
2,566.90
3,159.20
3,755.90
3,815.47
5,986.21
Tax
892.31
364.73
1,590.37
1,454.32
2,347.75
2,350.43
3,461.77
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
-2,387.12
-2,006.63
147.42
383.35
675.60
788.00
2,034.78
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
-2,387.12
-2,006.63
147.42
383.35
675.60
788.00
2,034.78
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
79.47
174.70
1,235.83
1,628.46
1,232.08
912.65
1,026.50
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
-2,307.65
-1,831.94
1,383.25
2,011.81
1,907.69
1,700.65
3,061.28
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.01
0.01
0.0
0.0
0.0
0.0
0.01
Reserves
6,389.38
8,536.96
10,913.44
11,073.37
11,912.73
11,264.68
10,633.08
Earnings per share (EPS)
-0.49
-0.41
0.03
0.08
0.14
0.16
0.41
Diluted Earnings per share
-0.49
-0.41
0.03
0.08
0.14
0.16
0.41
Operating Profit Margin (Excl OI)
-1.5%
-2.17%
9.17%
9.55%
13.23%
19.29%
28.66%
Gross Profit Margin
0.27%
-4.33%
8.87%
9.85%
13.09%
19.08%
28.16%
PAT Margin
-8.38%
-8.95%
0.46%
1.1%
2.16%
3.7%
9.22%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 27.08% vs -29.54% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is -25.97% vs -232.43% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 60.80% vs -108.08% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is -18.47% vs -23.49% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of China Merchants Land Ltd. With
Figures in Million
Consolidate Annual Results
Change(HKD)
Change(%)
Net Sales
28,494.80
606.37
27,888.43
4,599.24%
Other Operating Income
0.00
0.00
0.00
Total Operating income
28,494.80
606.37
27,888.43
4,599.24%
Raw Material Cost
26,669.64
572.34
26,097.30
4,559.75%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
154.58
56.49
98.09
173.64%
Power Cost
0
0
0.00
Manufacturing Expenses
510.26
145.69
364.57
250.24%
Selling and Distribution Expenses
0.00
206.99
-206.99
-100.00%
Other Expenses
65.43
-20.22
85.65
423.59%
Total Expenditure (Excl Depreciation)
27,988.79
779.33
27,209.46
3,491.39%
Operating Profit (PBDIT) excl Other Income
506.01
-172.96
678.97
392.56%
Other Income
715.36
-29.80
745.16
2,500.54%
Operating Profit (PBDIT)
614.82
-362.01
976.83
269.84%
Interest
510.26
145.69
364.57
250.24%
Exceptional Items
-26.26
-11.13
-15.13
-135.94%
Gross Profit (PBDT)
1,825.15
34.04
1,791.11
5,261.78%
Depreciation
327.16
18.29
308.87
1,688.74%
Profit Before Tax
-248.86
-537.11
288.25
53.67%
Tax
892.31
34.15
858.16
2,512.91%
Provisions and contingencies
0
0
0.00
Profit After Tax
-2,387.12
-443.46
-1,943.66
-438.29%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
-2,387.12
-443.46
-1,943.66
-438.29%
Share in Profit of Associates
0
0
0.00
Minority Interest
79.47
-127.83
207.30
162.17%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
-2,307.65
-571.28
-1,736.37
-303.94%
Equity Capital
0
0
0.00
Face Value
0.01
0.00
0.00
Reserves
6,389.38
-744.19
7,133.57
958.57%
Earnings per share (EPS)
-0.49
-0.27
-0.22
-81.48%
Diluted Earnings per share
-0.49
-0.27
-0.22
-81.48%
Operating Profit Margin (Excl OI)
-1.50%
-57.80%
0.00
56.30%
Gross Profit Margin
0.27%
-85.56%
0.00
85.83%
PAT Margin
-8.38%
-73.13%
0.00
64.75%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 2,849.48 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 27.08% vs -29.54% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit -230.77 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -25.97% vs -232.43% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) -10.05 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 60.80% vs -108.08% in Dec 2024
Annual - Interest
Interest 51.03 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is -18.47% vs -23.49% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) -1.50%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






