China Merchants Bank Co Ltd (600036) - Net Assets

Latest as of June 2025: CN¥1.30 Trillion CNY ≈ $189.77 Billion USD

Based on the latest financial reports, China Merchants Bank Co Ltd (600036) has net assets worth CN¥1.30 Trillion CNY (≈ $189.77 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.66 Trillion ≈ $1.85 Trillion USD) and total liabilities (CN¥11.36 Trillion ≈ $1.66 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.30 Trillion
% of Total Assets	10.25%
Annual Growth Rate	27.42%
5-Year Change	68.89%
10-Year Change	240.97%
Growth Volatility	43.04

China Merchants Bank Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how China Merchants Bank Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for China Merchants Bank Co Ltd (1999–2024)

The table below shows the annual net assets of China Merchants Bank Co Ltd from 1999 to 2024.

Year	Net Assets	Change
2024-12-31	CN¥1.23 Trillion ≈ $180.50 Billion	+13.61%
2023-12-31	CN¥1.09 Trillion ≈ $158.88 Billion	+13.78%
2022-12-31	CN¥954.24 Billion ≈ $139.64 Billion	+10.23%
2021-12-31	CN¥865.68 Billion ≈ $126.68 Billion	+18.53%
2020-12-31	CN¥730.35 Billion ≈ $106.87 Billion	+18.24%
2019-12-31	CN¥617.71 Billion ≈ $90.39 Billion	+13.63%
2018-12-31	CN¥543.61 Billion ≈ $79.55 Billion	+14.09%
2017-12-31	CN¥476.49 Billion ≈ $69.73 Billion	+18.13%
2016-12-31	CN¥403.36 Billion ≈ $59.02 Billion	+11.50%
2015-12-31	CN¥361.76 Billion ≈ $52.94 Billion	+14.82%
2014-12-31	CN¥315.06 Billion ≈ $46.10 Billion	+18.46%
2013-12-31	CN¥265.96 Billion ≈ $38.92 Billion	+32.64%
2012-12-31	CN¥200.51 Billion ≈ $29.34 Billion	+21.51%
2011-12-31	CN¥165.01 Billion ≈ $24.15 Billion	+23.14%
2010-12-31	CN¥134.01 Billion ≈ $19.61 Billion	+44.43%
2009-12-31	CN¥92.78 Billion ≈ $13.58 Billion	+16.30%
2008-12-31	CN¥79.78 Billion ≈ $11.67 Billion	+17.35%
2007-12-31	CN¥67.98 Billion ≈ $9.95 Billion	+23.25%
2006-12-31	CN¥55.16 Billion ≈ $8.07 Billion	+123.59%
2005-12-31	CN¥24.67 Billion ≈ $3.61 Billion	+18.15%
2004-12-31	CN¥20.88 Billion ≈ $3.06 Billion	+14.34%
2003-12-31	CN¥18.26 Billion ≈ $2.67 Billion	+13.91%
2002-12-31	CN¥16.03 Billion ≈ $2.35 Billion	+213.34%
2001-12-31	CN¥5.12 Billion ≈ $748.70 Million	+38.83%
2000-12-31	CN¥3.69 Billion ≈ $539.28 Million	+27.90%
1999-12-31	CN¥2.88 Billion ≈ $421.65 Million	--

Equity Component Analysis

This analysis shows how different components contribute to China Merchants Bank Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 63788710200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥634.08 Billion	51.72%
Common Stock	CN¥25.22 Billion	2.06%
Other Components	CN¥566.72 Billion	46.22%
Total Equity	CN¥1.23 Trillion	100.00%

China Merchants Bank Co Ltd Competitors by Market Cap

The table below lists competitors of China Merchants Bank Co Ltd ranked by their market capitalization.

Company	Market Cap
Newmont Corporation AU:NEM	$118.89 Billion
HITACHI LTD ADR/10 F:HIAA	$119.08 Billion
BP PLC ADR NYSE:BP	$119.34 Billion
Bristol-Myers Squibb Company NYSE:BMY	$119.52 Billion
BP p.l.c MX:BPN	$117.90 Billion
Progressive Corp NYSE:PGR	$117.74 Billion
Sanofi MX:SNYN	$117.45 Billion
Banco Bilbao Vizcaya Argentaria SA MC:BBVA	$115.90 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Merchants Bank Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,076,370,000,000 to 1,226,014,000,000, a change of 149,644,000,000 (13.9%).
Net income of 148,391,000,000 contributed positively to equity growth.
Dividend payments of 55,315,000,000 reduced retained earnings.
Other factors increased equity by 56,568,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥148.39 Billion	+12.1%
Dividends Paid	CN¥55.31 Billion	-4.51%
Other Changes	CN¥56.57 Billion	+4.61%
Total Change	CN¥-	13.90%

Book Value vs Market Value Analysis

This analysis compares China Merchants Bank Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.81x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 244.87x to 0.81x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-12-31	CN¥0.16	CN¥39.38	x
2000-12-31	CN¥0.21	CN¥39.38	x
2001-12-31	CN¥0.27	CN¥39.38	x
2002-12-31	CN¥0.93	CN¥39.38	x
2003-12-31	CN¥1.02	CN¥39.38	x
2004-12-31	CN¥1.17	CN¥39.38	x
2005-12-31	CN¥1.45	CN¥39.38	x
2006-12-31	CN¥3.08	CN¥39.38	x
2007-12-31	CN¥3.32	CN¥39.38	x
2008-12-31	CN¥3.86	CN¥39.38	x
2009-12-31	CN¥4.50	CN¥39.38	x
2010-12-31	CN¥6.27	CN¥39.38	x
2011-12-31	CN¥7.48	CN¥39.38	x
2012-12-31	CN¥9.29	CN¥39.38	x
2013-12-31	CN¥11.80	CN¥39.38	x
2014-12-31	CN¥12.48	CN¥39.38	x
2015-12-31	CN¥14.32	CN¥39.38	x
2016-12-31	CN¥15.94	CN¥39.38	x
2017-12-31	CN¥18.76	CN¥39.38	x
2018-12-31	CN¥20.99	CN¥39.38	x
2019-12-31	CN¥24.24	CN¥39.38	x
2020-12-31	CN¥28.70	CN¥39.38	x
2021-12-31	CN¥34.05	CN¥39.38	x
2022-12-31	CN¥37.49	CN¥39.38	x
2023-12-31	CN¥41.34	CN¥39.38	x
2024-12-31	CN¥48.61	CN¥39.38	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Merchants Bank Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 12.10%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 49.94%
• Asset Turnover: 0.02x
• Equity Multiplier: 9.91x
Recent ROE (12.10%) is below the historical average (17.19%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	16.72%	6.63%	0.05x	54.35x	CN¥193.63 Million
2000	21.81%	9.20%	0.04x	59.56x	CN¥435.28 Million
2001	29.13%	13.64%	0.04x	54.22x	CN¥939.91 Million
2002	10.37%	21.77%	0.02x	22.23x	CN¥62.61 Million
2003	12.21%	13.73%	0.03x	27.59x	CN¥403.77 Million
2004	15.06%	13.98%	0.04x	28.87x	CN¥1.06 Billion
2005	15.12%	13.82%	0.04x	28.23x	CN¥1.33 Billion
2006	12.89%	28.34%	0.03x	16.93x	CN¥1.59 Billion
2007	22.42%	37.25%	0.03x	19.28x	CN¥8.44 Billion
2008	26.51%	38.13%	0.04x	19.77x	CN¥13.13 Billion
2009	19.65%	35.49%	0.02x	22.29x	CN¥8.96 Billion
2010	19.23%	36.11%	0.03x	17.93x	CN¥12.37 Billion
2011	21.90%	37.60%	0.03x	16.94x	CN¥19.63 Billion
2012	22.60%	42.00%	0.03x	17.01x	CN¥25.24 Billion
2013	19.49%	42.28%	0.03x	15.13x	CN¥25.20 Billion
2014	17.78%	41.67%	0.03x	15.05x	CN¥24.47 Billion
2015	15.99%	40.57%	0.03x	15.17x	CN¥21.62 Billion
2016	15.43%	43.24%	0.02x	14.77x	CN¥21.85 Billion
2017	14.82%	43.58%	0.03x	13.30x	CN¥22.82 Billion
2018	14.92%	42.91%	0.03x	12.49x	CN¥26.55 Billion
2019	15.19%	44.44%	0.03x	12.13x	CN¥31.74 Billion
2020	13.45%	43.15%	0.03x	11.55x	CN¥24.97 Billion
2021	13.96%	45.20%	0.03x	10.77x	CN¥34.05 Billion
2022	14.60%	47.92%	0.03x	10.72x	CN¥43.46 Billion
2023	13.62%	49.23%	0.03x	10.25x	CN¥38.97 Billion
2024	12.10%	49.94%	0.02x	9.91x	CN¥25.79 Billion

Industry Comparison

This section compares China Merchants Bank Co Ltd's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $58,878,371,470
Average return on equity (ROE) among peers: 11.48%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Merchants Bank Co Ltd (600036)	CN¥1.30 Trillion	16.72%	8.76x	$118.87 Billion
Ping An Bank Co Ltd (000001)	$1.96 Billion	22.19%	9.36x	$31.24 Billion
Bank of Ningbo Co Ltd (002142)	$234.26 Billion	11.58%	12.34x	$31.21 Billion
Jiangsu Jiangyin Rural Commercial Bank Co Ltd (002807)	$11.87 Billion	8.53%	9.64x	$1.66 Billion
Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd (002839)	$4.52 Billion	20.10%	14.54x	$1.66 Billion
Bank of Zhengzhou Co Ltd Class A (002936)	$56.29 Billion	3.33%	11.01x	$1.87 Billion
Bank of Qingdao Co Ltd (002948)	$27.50 Billion	7.36%	10.55x	$2.92 Billion
Qingdao Rural Commercial Bank Corp Class A (002958)	$21.34 Billion	11.33%	12.78x	$2.46 Billion
Bank of Suzhou (002966)	$13.73 Billion	8.15%	5.05x	$5.68 Billion
Shanghai Pudong Development Bank Co Ltd (600000)	$6.49 Billion	12.29%	19.00x	$46.06 Billion
Hua Xia Bank Co Ltd (600015)	$210.81 Billion	9.89%	11.69x	$16.65 Billion

About China Merchants Bank Co Ltd

SHG:600036 China Banks - Regional

Market Cap

$118.87 Billion

CN¥812.37 Billion CNY

Market Cap Rank

#200 Global

#9 in China

Share Price

CN¥39.38

Change (1 day)

-1.08%

52-Week Range

CN¥37.50 - CN¥48.24

All Time High

CN¥51.80