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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 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 HKDUSD
Revenue1,332.86B171,850.00M
Gross Profit----
Operating income385,871.80M49,751.42M
Income before tax377,247.46M48,639.46M
Net income304,577.08M39,269.89M
EBITDA----
Diluted EPS1.060.13
Dividends Per Share0.390.05
Total Assets33,354.73B4,301.69B
Total liabilities30,569.23B3,942.45B
Total equity2,756.39B355,487.48M
Operating cash flow608,762.00M78,489.21M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 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 1.19 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 2016Dec 2017Dec 2018Dec 2019Dec 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 0.15 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
PER4.67
ROA0.98%
ROE11.73%
Operating margin28.95%
Profit margin22.85%

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. (1.1%)
  • 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%)
  • 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

Related Companies

  • China Construction Bank Corp. (Jiangxi Branch)
  • China Construction Bank (Dongguan Branch)
  • China Construction Bank (Labuan Branch)
  • China Construction Bank (Huangshan Branch)
  • China Construction Bank (Anhui Branch)
  • China Construction Bank (Hefei Branch)
  • China Construction Bank (Maanshan Branch)
  • China Construction Bank (Qufu Branch)
  • China Construction Bank (Jining Branch)
  • China Construction Bank (Shandong Branch)
  • China Construction Bank Corp. Shanghai Pilot Free Trade
  • China Construction Bank Corp. Sichuan Branch
  • China Construction Bank /Liaoning Branch/
  • CCB Wealth Management Co., Ltd.
  • Taicang Branch of China Construction Bank Co., Ltd
  • China Construction Algeria Co. Ltd.
  • CCB Property & Casualty Insurance Co., Ltd.
  • China Construction Bank (Seoul Branch)
  • CCB Futures Co., Ltd.
  • Jianxin Trust Co., Ltd.
  • Ccb Brasil Financial Holding-Investimentos e Part Ltda.
  • Golden Fountain Finance Ltd.
  • CCB Pension Management Co., Ltd.
  • CCB Financial Asset Investment Co., Ltd.
  • China Construction Bank Corp. /27 Community Banks/
  • China Construction Bank Corp. /Shenyang Branch/
  • China Construction Bank Corp. /Xiamen Branch/
  • China Construction Bank Corp. /Yangpu Branch/
  • China Construction Bank Corp. (Swiss Branch Zurich)
  • China Construction Bank (Malaysia) Bhd.

Competitors

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