Industrial and Commercial Bank of China Limited

SEHK:1398 Stock Report

Market Cap: HK$2.3t

Industrial and Commercial Bank of China Past Earnings Performance

Past criteria checks 3/6

Industrial and Commercial Bank of China has been growing earnings at an average annual rate of 3.7%, while the Banks industry saw earnings growing at 3.5% annually. Revenues have been growing at an average rate of 2.2% per year. Industrial and Commercial Bank of China's return on equity is 9.3%, and it has net margins of 53.7%.

Key information

3.7%

Earnings growth rate

3.6%

EPS growth rate

Banks Industry Growth-0.01%
Revenue growth rate2.2%
Return on equity9.3%
Net Margin53.7%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Industrial and Commercial Bank of China makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SEHK:1398 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24651,156349,381169,9390
30 Jun 24650,290345,752169,9390
31 Mar 24653,590346,518169,9390
31 Dec 23656,939349,029169,9390
30 Sep 23656,174348,429171,4550
30 Jun 23659,679348,396171,4550
31 Mar 23661,009346,341171,4550
31 Dec 22663,152346,322171,4550
30 Sep 22676,603353,476168,1850
30 Jun 22666,710346,92894,8270
31 Mar 22662,581343,146168,1850
31 Dec 21658,257338,731168,1850
30 Sep 21645,277330,213154,5320
30 Jun 21626,186321,750160,3780
31 Mar 21605,780308,303154,5320
31 Dec 20601,217307,067154,5320
30 Sep 20574,112284,662154,6630
30 Jun 20582,390288,558222,1750
31 Mar 20603,674310,188154,6630
31 Dec 19600,523307,699154,6630
30 Sep 19639,264305,255185,0410
30 Jun 19632,462300,659185,0410
31 Mar 19617,900296,373185,0410
31 Dec 18615,283293,170185,0410
30 Sep 18605,437293,240177,7230
30 Jun 18602,745289,059177,7230
31 Mar 18604,826284,628177,7230
31 Dec 17600,639281,612177,7230
30 Sep 17552,335279,006162,1560
30 Jun 17545,604276,577162,1560
31 Mar 17545,827274,821162,1560
31 Dec 16554,956273,799162,1560
30 Sep 16560,443275,831163,5060
30 Jun 16572,558275,996163,5060
31 Mar 16583,117275,240163,5060
31 Dec 15582,253274,800163,5060
30 Sep 15583,690277,108164,6290
30 Jun 15580,345276,732164,6290
31 Mar 15580,239276,833164,6290
31 Dec 14578,425275,811164,6290
30 Sep 14574,101277,580154,2700
30 Jun 14564,312272,402154,2700
31 Mar 14551,878267,208154,2700
31 Dec 13540,996262,649154,2700

Quality Earnings: 1398 has high quality earnings.

Growing Profit Margin: 1398's current net profit margins (53.7%) are higher than last year (53.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 1398's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: 1398's earnings growth over the past year (0.3%) is below its 5-year average (3.7% per year).

Earnings vs Industry: 1398 earnings growth over the past year (0.3%) did not outperform the Banks industry 1.6%.

Return on Equity

High ROE: 1398's Return on Equity (9.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 18:36
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Industrial and Commercial Bank of China Limited is covered by 71 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yu Hang AuABCI Securities Company Limited
Meizhi YanBarclays
Dorris ChenBNP Paribas Securities (Asia)