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Finance

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 2021 HKDUSD
Revenue1,558.17B200,464.13M
Gross Profit----
Operating income473,776.86M60,952.88M
Income before tax454,134.33M58,425.81M
Net income364,591.98M46,905.90M
EBITDA----
Diluted EPS1.430.18
Dividends Per Share0.420.05
Total Assets37,008.65B4,746.95B
Total liabilities33,859.80B4,343.06B
Total equity3,117.17B399,827.42M
Operating cash flow501,594.33M64,531.69M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,084.76B 1,183.68B 1,241.86B 1,332.86B 1,558.17B
Gross Profit -- -- -- -- --
Operating income 347,771.00M 366,124.17M 378,313.09M 385,871.80M 473,776.86M
Income before tax 345,494.81M 364,835.48M 370,051.37M 377,247.46M 454,134.33M
Net income 279,351.44M 301,627.10M 302,452.94M 304,577.08M 364,591.98M
EBITDA -- -- -- -- --
Diluted EPS 0.96 1.00 1.19 1.19 1.43
Dividends Per Share 0.34 0.34 0.34 0.39 0.42
Total Assets 26,559.11B 26,482.16B 28,452.88B 33,354.73B 37,008.65B
Total liabilities 24,403.32B 24,211.03B 25,997.41B 30,569.23B 33,859.80B
Total equity 2,136.50B 2,253.87B 2,434.36B 2,756.39B 3,117.17B
Operating cash flow 580,997.82M 660,202.75M 401,490.34M 608,762.00M 501,594.33M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 139,200.96M 151,026.93M 158,498.41M 171,850.00M 200,464.13M
Gross Profit -- -- -- -- --
Operating income 44,627.12M 46,714.13M 48,283.79M 49,751.42M 60,952.88M
Income before tax 44,335.03M 46,549.71M 47,229.35M 48,639.46M 58,425.81M
Net income 35,847.29M 38,484.89M 38,601.82M 39,269.89M 46,905.90M
EBITDA -- -- -- -- --
Diluted EPS 0.12 0.12 0.15 0.15 0.18
Dividends Per Share 0.04 0.04 0.04 0.05 0.05
Total Assets 3,397.47B 3,382.42B 3,651.64B 4,301.69B 4,746.95B
Total liabilities 3,121.70B 3,092.34B 3,336.50B 3,942.45B 4,343.06B
Total equity 273,304.66M 287,874.95M 312,426.03M 355,487.48M 399,827.42M
Operating cash flow 74,555.55M 84,235.90M 51,241.88M 78,489.21M 64,531.69M

Valuation Measures

Dec 2021
PER3.07
ROA1.03%
ROE12.41%
Operating margin30.40%
Profit margin23.39%

Key executives

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

Shareholders

  • China Investment Corp. (Investment Company) (59.3%)
  • The Vanguard Group, Inc. (1.2%)
  • BlackRock Fund Advisors (1.0%)
  • China State-Owned Assets Supervision & Admn Commission (0.8%)
  • Norges Bank Investment Management (0.5%)
  • State Street Global Advisors Asia Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.4%)
  • Reca Investment Ltd. (0.3%)
  • Fidelity Management & Research Co. LLC (0.3%)
  • BlackRock Advisors (UK) 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

Related Companies

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  • China Construction Bank (Dongguan Branch)
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  • CCB Futures Co., Ltd.
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  • Ccb Brasil Financial Holding-Investimentos e Part Ltda.
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  • China Construction Bank Corp. /27 Community Banks/
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Competitors

    Last Updated on 26 Jan, 2023

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