China Merchants Land (HKSE:00978) Total Operating Expense: HK$1,340 Mil (TTM As of Dec. 2025)

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HKSE:00978 China Merchants Land Ltd HKSE:00978
43 GF Score
Price HK$0.24
GF Value HK$0.31
Valuation Modestly Undervalued
! 8 Warning Signs
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What is China Merchants Land Total Operating Expense?

China Merchants Land HKSE:00978 +2.13% 43 Total Operating Expense is HK$1,340 Mil as of Dec. 2025. GuruFocus rates HKSE:00978 with a GF Score™ of 43/100 and a GF Value™ of HK$0.31 (Modestly Undervalued). The stock has 8 warning signs investors should review.

China Merchants Land's Total Operating Expense for the six months ended in Dec. 2025 was HK$998 Mil. China Merchants Land's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was HK$1,340 Mil.

China Merchants Land Total Operating Expense Related Terms

China Merchants Land Total Operating Expense Historical Data

* Premium members only.

The historical data trend for China Merchants Land's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Merchants Land Total Operating Expense Chart

China Merchants Land Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,661.17 1,276.17 1,340.57 1,351.47 1,343.77

China Merchants Land Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 926.51 292.71 1,061.17 342.30 997.82
HKSE:00978
43GF Score
China Merchants Land Ltd HKSE:00978
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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China Merchants Land Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,340 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of HK$1,340 Mil mean?
China Merchants Land (HKSE:00978) has a Total Operating Expense of HK$1,340 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on China Merchants Land and its competitors.
Is China Merchants Land's Total Operating Expense too high?
China Merchants Land's current Total Operating Expense is HK$1,340 Mil. Overall, China Merchants Land has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Land's Total Operating Expense compare to competitors?
China Merchants Land's Total Operating Expense of HK$1,340 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Real Estate company?
A good Total Operating Expense depends on the Real Estate industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on China Merchants Land and its competitors. China Merchants Land's current Total Operating Expense is HK$1,340 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Land stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Land (HKSE:00978) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.31, compared to a current price of HK$0.24 — trading 22.6% below its estimated fair value. The current Total Operating Expense is HK$1,340 Mil. China Merchants Land's overall GF Score™ is 43/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For China Merchants Land (HKSE:00978), the current Total Operating Expense is HK$1,340 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Merchants Land (HKSE:00978) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Land stock appears to be undervalued. The current stock price of HK$0.24 is trading 22.6% below its estimated GF Value™ of HK$0.31. GuruFocus considers China Merchants Land to be Modestly Undervalued.

Key valuation signals for HKSE:00978:

  • Total Operating Expense: HK$1,340 Mil
  • GF Value™: HK$0.31 vs. price of HK$0.24 (22.6% below fair value)
  • GF Score™: 43/100 with 8 warning signs

No single metric tells the full story. See the HKSE:00978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Merchants Land Business Description

Other Exchanges TNY1:Germany
Address No. 303 Des Voeux Road Central, 8th Floor, China Merchants Plaza, Hong Kong, HKG
China Merchants Land Ltd is an investment holding company. The company is principally engaged in the development, sale, lease, investment and management of properties; assets management; and investment holding activities. The company has two operating segment Development and sales of properties and property leasing (Properties Segment); and Asset management for office premises and shopping malls (Asset Management Segment). The company generated majority of revenue from Properties Segment. The company has presence in Foshan, Guangzhou, Nanjing and Jurong, Chongqing, Xi'an, and Hong Kong.
43GF Score

Get the complete analysis for HKSE:00978

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.24
Price
HK$0.31
GF Value