Agricultural Bank of China Ltd.

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 Ltd. 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 2021	HKD	USD
Revenue	1,407.63B	181,097.24M
Gross Profit	--	--
Operating income	358,914.23M	46,175.44M
Income before tax	356,104.88M	45,814.01M
Net income	290,676.39M	37,396.43M
EBITDA	--	--
Diluted EPS	0.78	0.10
Dividends Per Share	0.24	0.03
Total Assets	35,559.29B	4,561.04B
Total liabilities	32,939.81B	4,225.05B
Total equity	2,611.22B	334,930.93M
Operating cash flow	592,786.62M	76,263.86M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	948,314.80M	1,090.62B	1,147.93B	1,191.05B	1,407.63B
Gross Profit	--	--	--	--	--
Operating income	273,821.23M	300,298.14M	298,415.06M	308,495.40M	358,914.23M
Income before tax	276,122.80M	298,122.30M	302,223.89M	297,252.85M	356,104.88M
Net income	222,501.95M	240,187.11M	240,501.41M	242,633.49M	290,676.39M
EBITDA	--	--	--	--	--
Diluted EPS	0.66	0.69	0.67	0.66	0.78
Dividends Per Share	0.22	0.19	0.19	0.22	0.24
Total Assets	25,273.43B	25,782.87B	27,827.84B	32,255.39B	35,559.29B
Total liabilities	23,557.52B	23,873.01B	25,776.48B	29,918.77B	32,939.81B
Total equity	1,712.33B	1,904.73B	2,045.20B	2,329.56B	2,611.22B
Operating cash flow	436,241.59M	99,704.95M	-62,733.92M	837,896.56M	592,786.62M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	121,690.88M	139,153.90M	146,510.17M	153,565.48M	181,097.24M
Gross Profit	--	--	--	--	--
Operating income	35,137.64M	38,315.33M	38,086.47M	39,775.09M	46,175.44M
Income before tax	35,432.98M	38,037.71M	38,572.59M	38,325.55M	45,814.01M
Net income	28,552.18M	30,645.70M	30,695.00M	31,283.34M	37,396.43M
EBITDA	--	--	--	--	--
Diluted EPS	0.08	0.08	0.08	0.08	0.10
Dividends Per Share	0.02	0.02	0.02	0.02	0.03
Total Assets	3,233.01B	3,293.10B	3,571.42B	4,159.92B	4,561.04B
Total liabilities	3,013.51B	3,049.16B	3,308.15B	3,858.57B	4,225.05B
Total equity	219,044.06M	243,280.95M	262,481.58M	300,439.31M	334,930.93M
Operating cash flow	55,979.96M	12,721.45M	-8,006.68M	108,032.11M	76,263.86M

Valuation Measures

Dec 2021
PER	2.79
ROA	0.85%
ROE	11.76%
Operating margin	25.49%
Profit margin	20.64%

Key executives

Vice Chairman & President: Wan Jun Fu
Executive Director & Executive Vice President: Xu Guang Zhang
Executive Vice President: Han Xu
Executive Director & Executive Vice President: Li Lin
Executive Vice President: Jia Wang Liu

Shareholders

China Taiping Insurance Holdings Co., Ltd. (5.0%)
China Life Insurance Co. Ltd. (4.1%)
BlackRock Fund Advisors (3.4%)
The Vanguard Group, Inc. (3.0%)
Norges Bank Investment Management (1.1%)
APG Asset Management NV (0.9%)
Dimensional Fund Advisors LP (0.8%)
BlackRock Advisors (UK) Ltd. (0.8%)
Government of China (0.6%)
Geode Capital Management LLC (0.5%)

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 27 Mar, 2023