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Finance

Agricultural Bank of China

Company Background

Agricultural Bank of China (ABC) was established as Agricultural Cooperative Bank in 1951, soon after the Chinese Revolution. The agricultural bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in July 2010.

 

The bank was established to support agriculture. It has 23,612 branches nationwide as of the end of 2014, the largest of the four major state-run banks. Many of its branches are in rural areas. It has abundant funding. The bank today also handles loans to nonagricultural businesses and individuals. It is one of the four major state-controlled banks.

 

The bank is trying to expand its overseas branch network as it lags behind its three government-run competitors in terms of international operations.

 

Liu Shiyu was appointed as chairman of the bank in December 2014 after assuming the deputy governor of the People's Bank of China.

Business Summary

Agricultural Bank of China engages in the provision of international commercial banking and financial services. It operates through the following segments: Corporate Banking, Personal Banking, Treasury Operations and Others & Unallocated. The Corporate Banking segment provides financial products and services to corporations, government agencies and financial institutions. The Personal Banking segment provides financial products and services to individual customers. The Treasury Operations segment conducts money market or repurchases transactions, debt instrument investments, and holding of derivative positions. The Others & Unallocated segment deals with primarily equity investments. The company was founded on July 10, 1951 and is headquartered in Beijing, China.

Financial Highlights

Dec 2019 HKDUSD
Revenue1,148.72B146,610.89M
Gross Profit----
Operating income298,415.06M38,086.47M
Income before tax302,223.89M38,572.59M
Net income240,501.41M30,695.00M
EBITDA----
Diluted EPS0.670.08
Dividends Per Share0.190.02
Total Assets27,828.73B3,571.54B
Total liabilities25,770.77B3,307.42B
Total equity2,045.20B262,481.58M
Operating cash flow274,191.21M34,994.80M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 1,029.91B 906,568.91M 948,314.80M 1,090.62B 1,148.72B
Gross Profit -- -- -- -- --
Operating income 282,743.37M 267,157.72M 273,821.23M 300,298.14M 298,415.06M
Income before tax 284,776.14M 264,802.19M 276,122.80M 298,122.30M 302,223.89M
Net income 222,744.40M 214,920.06M 222,501.95M 240,187.11M 240,501.41M
EBITDA -- -- -- -- --
Diluted EPS 0.67 0.64 0.66 0.69 0.67
Dividends Per Share 0.19 0.19 0.22 0.19 0.19
Total Assets 21,234.13B 21,833.17B 25,273.43B 25,782.87B 27,828.73B
Total liabilities 19,787.74B 20,358.74B 23,557.52B 23,873.01B 25,770.77B
Total equity 1,444.25B 1,470.63B 1,712.33B 1,904.73B 2,045.20B
Operating cash flow 2,001.25B 257,686.52M 436,241.59M 99,704.95M 274,191.21M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 132,848.39M 116,788.91M 121,690.88M 139,153.90M 146,610.89M
Gross Profit -- -- -- -- --
Operating income 36,470.90M 34,416.64M 35,137.64M 38,315.33M 38,086.47M
Income before tax 36,733.11M 34,113.19M 35,432.98M 38,037.71M 38,572.59M
Net income 28,731.67M 27,687.11M 28,552.18M 30,645.70M 30,695.00M
EBITDA -- -- -- -- --
Diluted EPS 0.08 0.08 0.08 0.08 0.08
Dividends Per Share 0.02 0.02 0.02 0.02 0.02
Total Assets 2,739.83B 2,816.03B 3,233.01B 3,293.10B 3,571.54B
Total liabilities 2,553.20B 2,625.86B 3,013.51B 3,049.16B 3,307.42B
Total equity 186,351.31M 189,681.70M 219,044.06M 243,280.95M 262,481.58M
Operating cash flow 258,140.36M 33,196.51M 55,979.96M 12,721.45M 34,994.80M

Valuation Measures

Dec 2019
PER4.56
ROA0.89%
ROE12.17%
Operating margin25.97%
Profit margin20.93%

Key executives

  • Vice Chairman & President: Qing Song Zhang
  • Executive Vice President: Dongsheng Zhan
  • Executive Vice President: Han Xu
  • Executive Director & Head-Investor Relations: Ke Qiu Zhang

Shareholders

  • Government of China (8.6%)
  • Qatar Investment Authority (Investment Management) (7.8%)
  • China Taiping Insurance Holdings Co., Ltd. (5.0%)
  • The Vanguard Group, Inc. (3.6%)
  • National Council for Social Security Fund (2.6%)
  • BlackRock Fund Advisors (2.2%)
  • Dimensional Fund Advisors LP (1.1%)
  • Norges Bank Investment Management (1.0%)
  • Hang Seng Investment Management Ltd. (0.7%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (0.7%)

Contact Details

  • Website:http://www.abchina.com
  • Address: 69, Jianguomen Nei Avenue, Dongcheng District, Beijing, 100005, China
  • Phone: +86.10.8510.9619

Related Companies

  • Agricultural Bank of China Wealth Management Co., Ltd.
  • ABC International Bank of China
  • Agricultural Bank of China Co., Ltd. /Hangzhou Zhongshan
  • Agricultural Bank of China Co., Ltd. /Nanjing Chengbei Branch/
  • Agricultural Bank of China Tianjin Training College
  • Agricultural Bank, Longwan Branch
  • Agricultural Bank of China Asset Management Co., Ltd.
  • ABCI Insurance Co. Ltd. (DSG)
  • Agricultural Bank of China /Xianning Branch/
  • Agricultural Bank of China (Jingzhou Branch)
  • Agricultural Bank of China /Yangquan/
  • Agricultural Bank of China /Shanxi/
  • Agricultural Bank of China ( Zhuhai )
  • ABC Hexigten Rural Bank Ltd.
  • ABC Hubei Hanchuan Rural Bank Ltd.
  • ABC Jixi Rural Bank Ltd.
  • ABC Ansai Rural Bank Ltd.
  • ABC Zhejiang Yongkang Rural Bank Ltd.
  • ABC Xiamen Tong'an Rural Bank Ltd.
  • Agricultural Bank of China Ltd. /Neijiang Branch/
  • Agricultural Bank of China (Macau Branch)
  • Agricultural Bank of China (Tonghua)
  • Agricultural Bank of China (Jilin)
  • Agricultural Bank of China /Nanyang Branch/
  • Agricultural Bank of China Wuxi Investment Management
  • Agricultural Bank of China Wuxi Equity Investment Fd Co., Ltd.
  • ABC Financial Asset Investment Co., Ltd.
  • Dacheng Innovation Growth Mixed Securities Investment Fund
  • Agricultural Bank of China (Shanghai) Asset Management Ltd.
  • Agricultural Bank of China (Yantai)

Competitors

    Last Updated on 23 Sep, 2020

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