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Finance

Agricultural Bank of China (ABC)

  • 3.15 HKD
  • +0.04
  • +1.29%
  • China
    Sep 18, 2019
  • Ticker
    HKG(1288)
  • Prev. close
    3.11
  • Market cap (HKD)
    1,322.71B
  • Market cap (USD)
    168,952.90M
  • Shares
    349,983.04M

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. The company operates through the following business 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. Its products and services include corporate loans and advances, trade finance, deposit products and other types of corporate intermediary services. The Personal Banking segment provides financial products and services to individual customers. Its products and services includes personal loans, deposit products, card business, personal wealth management services and other types of personal intermediary services. 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. Agricultural Bank of China was founded on July 10, 1951 and is headquartered in Beijing, China.

Financial Highlights

Dec 2018 HKDUSD
Revenue1,063.33B135,672.42M
Gross Profit----
Operating income300,593.07M38,352.96M
Income before tax298,096.24M38,034.38M
Net income240,187.11M30,645.70M
EBITDA----
Diluted EPS0.690.08
Dividends Per Share0.190.02
Total Assets25,782.87B3,293.10B
Total liabilities23,873.01B3,049.16B
Total equity1,904.73B243,280.95M
Operating cash flow351,242.69M44,815.39M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,005.43B 1,021.01B 902,423.36M 967,028.25M 1,063.33B
Gross Profit -- -- -- -- --
Operating income 290,722.83M 293,320.46M 268,579.69M 274,398.93M 300,593.07M
Income before tax 292,302.28M 284,757.64M 264,791.67M 276,138.94M 298,096.24M
Net income 225,856.96M 222,744.40M 214,920.06M 222,501.95M 240,187.11M
EBITDA -- -- -- -- --
Diluted EPS 0.69 0.67 0.64 0.66 0.69
Dividends Per Share 0.23 0.19 0.19 0.22 0.19
Total Assets 19,967.30B 21,234.13B 21,833.17B 25,273.43B 25,782.87B
Total liabilities 18,676.55B 19,787.74B 20,358.74B 23,557.52B 23,873.01B
Total equity 1,288.80B 1,444.25B 1,470.63B 1,712.33B 1,904.73B
Operating cash flow 418,350.30M 1,164.50B 1,003.22B 936,579.84M 351,242.69M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 129,655.59M 131,699.64M 116,254.85M 124,092.25M 135,672.42M
Gross Profit -- -- -- -- --
Operating income 37,489.97M 37,835.23M 34,599.82M 35,211.77M 38,352.96M
Income before tax 37,693.65M 36,730.72M 34,111.83M 35,435.06M 38,034.38M
Net income 29,125.23M 28,731.67M 27,687.11M 28,552.18M 30,645.70M
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 2,574.81B 2,739.83B 2,816.03B 3,233.01B 3,293.10B
Total liabilities 2,408.37B 2,553.20B 2,625.86B 3,013.51B 3,049.16B
Total equity 166,193.75M 186,351.31M 189,681.70M 219,044.06M 243,280.95M
Operating cash flow 53,948.09M 150,208.60M 129,240.52M 120,185.01M 44,815.39M

Valuation Measures

Dec 2018
PER4.93
ROA0.94%
ROE13.28%
Operating margin28.26%
Profit margin22.58%

Key executives

  • Chairman, President, General Manager: Mu Bing Zhou
  • Executive Director & Executive Vice President: Wei Wang
  • Executive Vice President: Chao Gong
  • Executive Vice President: Dongsheng Zhan
  • Executive Director & Head-Investor Relations: Ke Qiu Zhang

Shareholders

  • Qatar Investment Authority (Investment Management) (7.8%)
  • Capital Research & Management Co. (Global Investors) (3.8%)
  • The Vanguard Group, Inc. (3.6%)
  • BlackRock Fund Advisors (2.8%)
  • Capital Research & Management Co. (World Investors) (2.1%)
  • BlackRock Investment Management (UK) Ltd. (1.0%)
  • Norges Bank Investment Management (1.0%)
  • APG Asset Management NV (0.8%)
  • FIL Investment Management (Hong Kong) Ltd. (0.8%)
  • BlackRock Advisors (UK) Ltd. (0.7%)

Contact Details

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

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Competitors

    Last Updated on 18 Sep, 2019

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