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China Merchants Land Limited (0978) AI Stock Analysis
China Merchants Land Limited
(HKEX:0978)
The score is held down primarily by weak financial performance, especially collapsing margins, rising leverage, and negative operating cash flow. Technicals are also soft, while valuation offers little support because earnings are negative and no dividend yield is available.
China Merchants Land Limited (0978) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 1.16B
- Dividend Yield
- ―
- Average Volume (3M)
- 708.01K
- Price to Earnings (P/E)
- -0.5
- Beta (1Y)
- 0.64
- Revenue Growth
- 25.82%
- EPS Growth
- -27.10%
- Country
- Hong Kong
- Employees
- 670
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Development
China Merchants Land Limited Business Overview & Revenue Model
Company Description
China Merchants Land Ltd. is an investment holding company, which engages in the development, selling, leasing, investment and management of properties. It operates through the following segments: Properties and Asset Management. The Properties segme...
How the Company Makes Money
China Merchants Land Limited primarily makes money through (1) revenue from property development and sales—selling completed residential and commercial units, where revenue is generally recognized upon meeting applicable delivery/transfer conditions;...
China Merchants Land Limited Financial Statement Overview
Summary
Profitability has weakened sharply, with margins collapsing and net losses widening, while leverage rose to elevated levels and operating cash flow turned deeply negative in 2025. The revenue increase is not enough to offset the deterioration in earnings quality, balance sheet risk, and cash generation.
Income Statement
28NegativeBalance Sheet
42NeutralCash Flow
35Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.25B | 26.25B | 20.66B | 28.80B | 29.87B | 25.92B |
| Gross Profit | 1.83B | 1.66B | 985.42M | 3.87B | 4.00B | 4.79B |
| EBITDA | 892.66M | 744.71M | -69.02M | 3.66B | 3.83B | 4.50B |
| Net Income | -2.19B | -2.20B | -1.85B | 133.41M | 329.66M | 560.57M |
Balance Sheet | ||||||
| Total Assets | 110.88B | 112.34B | 124.74B | 132.67B | 130.87B | 138.73B |
| Cash, Cash Equivalents and Short-Term Investments | 13.86B | 11.13B | 12.73B | 10.28B | 12.34B | 14.42B |
| Total Debt | 28.11B | 31.70B | 36.36B | 37.09B | 35.79B | 36.97B |
| Total Liabilities | 81.22B | 81.98B | 91.65B | 97.55B | 98.14B | 104.88B |
| Stockholders Equity | 5.39B | 5.74B | 8.02B | 9.91B | 9.86B | 9.74B |
Cash Flow | ||||||
| Free Cash Flow | -4.33B | -2.70B | 6.55B | -566.56M | 6.12B | -6.13B |
| Operating Cash Flow | -4.32B | -2.70B | 6.55B | -551.79M | 6.15B | -6.11B |
| Investing Cash Flow | 4.41B | 5.89B | 592.20M | -4.35B | -6.57B | -997.67M |
| Financing Cash Flow | -2.19B | -4.73B | -3.34B | 334.31M | -1.76B | 11.82B |
China Merchants Land Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0978, the sentiment is Negative. The current price of 0.24 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.24, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 38.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0978.
China Merchants Land Limited Peers Comparison
Overall Rating
HK:001071Outperform
HK:001252Neutral
HK:337740Underperform- HK:097838Underperform
HK:001737Underperform
HK:048030Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0010 | 71Outperform | HKD 16.63B | 11.74 | 1.41% | 7.04% | 9.19% | -0.21% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| HK:0012 | 52Neutral | HKD 135.75B | 20.32 | 2.11% | 4.49% | 45.52% | 13.35% |
| HK:3377 | 40Underperform | HKD 356.62M | -0.03 | 239.84% | ― | -4.40% | -61.12% |
| HK:0978 | 38Underperform | HKD 1.16B | -0.45 | -39.42% | ― | 25.82% | -27.10% |
| HK:0017 | 37Underperform | HKD 12.71B | -0.65 | -16.35% | ― | 9.77% | -72.68% |
| HK:0480 | 30Underperform | HKD 1.40B | -5.53 | -1.17% | ― | 68.10% | 66.63% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0978 | China Merchants Land Limited | 0.24 | -0.06 | -21.00% | |
| HK:0012 | Henderson Land Development Co | 28.04 | 1.42 | 5.35% | |
| HK:0010 | Hang Lung Group | 12.21 | -2.02 | -14.18% | |
| HK:0017 | New World Development Co. Ltd. | 5.05 | -2.09 | -29.27% | |
| HK:3377 | Sino-Ocean Group Holding | 0.03 | -0.09 | -75.22% | |
| HK:0480 | HKR International Limited | 0.94 | -0.18 | -16.07% |
China Merchants Land Limited Corporate Events
China Merchants Land Sets Board Meeting to Approve 2026 Interim Results
China Merchants Land Limited has scheduled a board meeting for 18 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The company also plans to publish these interim results following the meeting, si...
China Merchants Land Names Successful Tenderer and Delays Key Transaction Circular Again
China Merchants Land Limited has advanced a capital increase transaction at a project company following a public tender conducted through CBEX. Shenzhen Haichengjin Industrial Development, an affiliated company designated by Shenzhen Haiyuejin and ul...
China Merchants Land Shareholders Approve Equity Transfer Agreement
Shareholders of China Merchants Land Limited have approved an equity transfer agreement between Wuhan Merchants Real Estate Gutian Real Estate Co., Ltd. and Xi’an Mao On Property Development Company Limited at an extraordinary general meeting h...
China Merchants Land details tender process for capital injection and deemed disposal
China Merchants Land Limited has provided supplemental details on a previously announced deemed disposal of equity interest in a subsidiary via a capital increase at a project company. The transaction involves a public tender process on the China Bei...
China Merchants Land Delays Circular on Deemed Disposal Transaction
China Merchants Land Limited has announced a delay in sending to shareholders a circular relating to a previously disclosed cooperation development agreement and a deemed disposal of equity interest in a subsidiary. The circular will now be published...
China Merchants Land Calls EGM to Approve Equity Transfer Deal
China Merchants Land Limited has called an extraordinary general meeting in Hong Kong on 16 July 2026 to seek shareholder approval for an equity transfer agreement involving Wuhan Merchants Real Estate Gutian Real Estate Co., Ltd. and Xi’an Mao...
China Merchants Land Delays Shareholder Circular on Connected Acquisition
China Merchants Land Limited has announced a further delay in sending a shareholder circular related to a proposed acquisition of equity interests in a target company that constitutes a discloseable and connected transaction. The circular was origina...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 08, 2026