China Construction Bank Corp.

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 corporate and personal banking services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Business, 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 includes 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 2022	HKD	USD
Revenue	1,586.02B	202,544.24M
Gross Profit	--	--
Operating income	447,532.51M	57,152.56M
Income before tax	442,850.76M	56,554.67M
Net income	376,610.89M	48,095.45M
EBITDA	--	--
Diluted EPS	1.48	0.18
Dividends Per Share	0.43	0.05
Total Assets	38,848.94B	4,977.47B
Total liabilities	35,706.65B	4,574.87B
Total equity	3,117.55B	399,433.52M
Operating cash flow	821,943.24M	104,967.03M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	1,183.68B	1,241.86B	1,332.86B	1,558.17B	1,586.02B
Gross Profit	--	--	--	--	--
Operating income	366,124.17M	378,313.09M	385,871.80M	473,776.86M	447,532.51M
Income before tax	364,835.48M	370,051.37M	377,247.46M	454,134.33M	442,850.76M
Net income	301,627.10M	302,452.94M	304,577.08M	364,591.98M	376,610.89M
EBITDA	--	--	--	--	--
Diluted EPS	1.00	1.19	1.19	1.43	1.48
Dividends Per Share	0.34	0.34	0.39	0.42	0.43
Total Assets	26,482.16B	28,452.88B	33,354.73B	37,008.65B	38,848.94B
Total liabilities	24,211.03B	25,997.41B	30,569.23B	33,859.80B	35,706.65B
Total equity	2,253.87B	2,434.36B	2,756.39B	3,117.17B	3,117.55B
Operating cash flow	660,202.75M	401,490.34M	608,762.00M	501,594.33M	821,943.24M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	151,026.93M	158,498.41M	171,850.00M	200,464.13M	202,544.24M
Gross Profit	--	--	--	--	--
Operating income	46,714.13M	48,283.79M	49,751.42M	60,952.88M	57,152.56M
Income before tax	46,549.71M	47,229.35M	48,639.46M	58,425.81M	56,554.67M
Net income	38,484.89M	38,601.82M	39,269.89M	46,905.90M	48,095.45M
EBITDA	--	--	--	--	--
Diluted EPS	0.12	0.15	0.15	0.18	0.18
Dividends Per Share	0.04	0.04	0.05	0.05	0.05
Total Assets	3,382.42B	3,651.64B	4,301.69B	4,746.95B	4,977.47B
Total liabilities	3,092.34B	3,336.50B	3,942.45B	4,343.06B	4,574.87B
Total equity	287,874.95M	312,426.03M	355,487.48M	399,827.42M	399,433.52M
Operating cash flow	84,235.90M	51,241.88M	78,489.21M	64,531.69M	104,967.03M

Valuation Measures

Dec 2022
PER	2.93
ROA	0.99%
ROE	12.08%
Operating margin	28.21%
Profit margin	23.74%

Key executives

Vice Chairman & President: Jin Liang Zhang
Chief Financial Officer: Liu Rong Sheng
Chief Information officer: Pan Shi Jin
Executive Vice President: Zhang Min
Executive Vice President: Wang Bing

Shareholders

China Investment Corp. (Investment Company) (59.3%)
The Vanguard Group, Inc. (1.2%)
BlackRock Fund Advisors (1.1%)
China State-Owned Assets Supervision & Admn Commission (0.8%)
Hang Seng Investment Management Ltd. (0.6%)
Dimensional Fund Advisors LP (0.4%)
Norges Bank Investment Management (0.4%)
Reca Investment Ltd. (0.3%)
BlackRock Advisors (UK) Ltd. (0.3%)
China Yangtze Power Co., Ltd. (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 2 Jun, 2023