China Construction Bank Corp.

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Company Background

China Construction Bank (CCB) is one of China's four major state-owned banking institutions. Established in 1954, its original name was the People's Construction Bank of China.

The bank was originally under the wing of the Ministry of Finance and provided funding in accordance with government plans to build infrastructure. In 1979, it went under the control of the state council and began to serve as a commercial bank as well. It got its current name in 1996.

The bank has major clients among large state-owned enterprises in infrastructure sectors including the electric power, telecommunications, oil, natural gas and construction industries. It listed its stock on the Hong Kong Stock Exchange in 2005 and on the Shanghai Stock Exchange in 2007.

The bank now serves large numbers of retail customers and small and midsize businesses. As of the end of 2014, it had 14,856 branch offices in China. Its corporate customers number 3.48 million and retail customers 314 million. It ranks second in China's banking industry next to Industrial and Commercial Bank of China.

The bank is actively expanding its business abroad, operating branch offices in Hong Kong, Macau, Singapore, Frankfurt, New York and Sydney. It has founded banking units in Britain, Russia and Dubai, which serve Chinese and other customers operating locally.

Business Summary

China Construction Bank Corp. engages in the provision of a wide range of financial services to corporate and personal customers. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury, and Others. The Corporate Banking segment provides a range of financial products and services to corporations, government agencies and financial institutions, which comprises of corporate loans, trade financing, deposit taking and wealth management services, agency services, financial consulting and advisory services, cash management services, remittance and settlement services, custody services, and guarantee services. The Personal Banking segment provides personal loans, deposit taking and wealth management services, card business, remittance services, and agency services to individual customers. The Treasury segment represents inter-bank money market transactions, repurchase and resale transactions, investments in debt securities, and trade of derivatives and foreign currency. The Others segment refers to equity investments and revenues, results, assets and liabilities of overseas branches and subsidiaries. The company was founded in October 1954 and is headquartered in Beijing, China.

Financial Highlights

Dec 2020	HKD	USD
Revenue	1,332.86B	171,850.00M
Gross Profit	--	--
Operating income	385,871.80M	49,751.42M
Income before tax	377,247.46M	48,639.46M
Net income	304,577.08M	39,269.89M
EBITDA	--	--
Diluted EPS	1.06	0.13
Dividends Per Share	0.39	0.05
Total Assets	33,354.73B	4,301.69B
Total liabilities	30,569.23B	3,942.45B
Total equity	2,756.39B	355,487.48M
Operating cash flow	608,762.00M	78,489.21M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	1,039.01B	1,084.76B	1,183.68B	1,241.86B	1,332.86B
Gross Profit	--	--	--	--	--
Operating income	342,835.02M	347,771.00M	366,124.17M	378,313.09M	385,871.80M
Income before tax	344,848.20M	345,494.81M	364,835.48M	370,051.37M	377,247.46M
Net income	270,442.14M	279,351.44M	301,627.10M	302,452.94M	304,577.08M
EBITDA	--	--	--	--	--
Diluted EPS	0.92	0.96	1.00	1.05	1.06
Dividends Per Share	0.31	0.34	0.34	0.34	0.39
Total Assets	23,387.97B	26,559.11B	26,482.16B	28,452.88B	33,354.73B
Total liabilities	21,614.49B	24,403.32B	24,211.03B	25,997.41B	30,569.23B
Total equity	1,758.80B	2,136.50B	2,253.87B	2,434.36B	2,756.39B
Operating cash flow	363,033.47M	580,997.82M	660,202.75M	401,490.34M	608,762.00M

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	133,851.60M	139,200.96M	151,026.93M	158,498.41M	171,850.00M
Gross Profit	--	--	--	--	--
Operating income	44,165.78M	44,627.12M	46,714.13M	48,283.79M	49,751.42M
Income before tax	44,425.13M	44,335.03M	46,549.71M	47,229.35M	48,639.46M
Net income	34,839.76M	35,847.29M	38,484.89M	38,601.82M	39,269.89M
EBITDA	--	--	--	--	--
Diluted EPS	0.11	0.12	0.12	0.13	0.13
Dividends Per Share	0.04	0.04	0.04	0.04	0.05
Total Assets	3,016.57B	3,397.47B	3,382.42B	3,651.64B	4,301.69B
Total liabilities	2,787.83B	3,121.70B	3,092.34B	3,336.50B	3,942.45B
Total equity	226,850.84M	273,304.66M	287,874.95M	312,426.03M	355,487.48M
Operating cash flow	46,767.85M	74,555.55M	84,235.90M	51,241.88M	78,489.21M

Valuation Measures

Dec 2020
PER	4.67
ROA	0.98%
ROE	11.73%
Operating margin	28.95%
Profit margin	22.85%

Key executives

Vice Chairman & President: Jiang Wang
Chief Information officer: Pan Shi Jin
Executive Vice President: Zhihong Ji
Executive Vice President: Zhang Min
Executive Vice President: Hao Wang

Shareholders

China Investment Corp. (Investment Company) (59.3%)
The Vanguard Group, Inc. (1.2%)
BlackRock Fund Advisors (0.9%)
China State-Owned Assets Supervision & Admn Commission (0.8%)
Norges Bank Investment Management (0.5%)
Dimensional Fund Advisors LP (0.4%)
Reca Investment Ltd. (0.3%)
State Street Global Advisors Asia Ltd. (0.3%)
Hang Seng Investment Management Ltd. (0.2%)
Fidelity Management & Research Co. LLC (0.2%)

Contact Details

Website:http://www.ccb.com
Address: No. 25 Financial Street, Xicheng District, Beijing, 100033, China
Phone: +86.10.6621.5533

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Competitors

Last Updated on 30 Nov, 2021