China CITIC Bank Future Growth

Future criteria checks 2/6

China CITIC Bank is forecast to grow earnings and revenue by 6.5% and 12.5% per annum respectively. EPS is expected to grow by 5% per annum. Return on equity is forecast to be 9% in 3 years.

Key information

6.5%

Earnings growth rate

5.0%

EPS growth rate

Banks earnings growth	4.9%
Revenue growth rate	12.5%
Future return on equity	9.0%
Analyst coverage	Good
Last updated	08 Nov 2024

Recent future growth updates

Recent updates

China CITIC Bank (HKG:998) Will Pay A Larger Dividend Than Last Year At CN¥0.3907

Jun 28

China CITIC Bank Corporation Limited (HKG:998) Is Yielding 7.6% - But Is It A Buy?

Feb 23

How Much Did China CITIC Bank's(HKG:998) Shareholders Earn From Share Price Movements Over The Last Three Years?

Dec 30

Earnings and Revenue Growth Forecasts

SEHK:998 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	227,306	73,675	N/A	N/A	11
12/31/2025	216,410	68,432	N/A	N/A	11
12/31/2024	215,446	65,452	N/A	N/A	5
9/30/2024	150,936	62,621	-234,921	-218,854	N/A
6/30/2024	146,819	61,651	44,307	57,741	N/A
3/31/2024	143,577	62,275	8,342	22,440	N/A
12/31/2023	143,970	62,228	-14,442	-918	N/A
9/30/2023	145,134	61,645	173,312	185,714	N/A
6/30/2023	145,434	60,858	-271,229	-261,211	N/A
3/31/2023	142,348	59,109	-54,554	-46,763	N/A
12/31/2022	140,033	57,315	188,267	195,066	N/A
9/30/2022	137,443	57,978	-163,726	-158,636	N/A
6/30/2022	133,242	54,444	-81,792	-77,265	N/A
3/31/2022	130,948	54,340	-237,017	-232,572	N/A
12/31/2021	127,549	52,631	-306,253	-301,772	N/A
9/30/2021	120,998	50,808	-229,219	-225,320	N/A
6/30/2021	118,461	49,460	-819,000	-814,691	N/A
3/31/2021	115,069	47,158	-429,296	-424,764	N/A
12/31/2020	112,922	45,970	-564,169	-559,550	N/A
9/30/2020	104,419	42,851	101,910	105,852	N/A
6/30/2020	106,472	43,919	619,750	623,704	N/A
3/31/2020	111,910	47,922	73,170	77,056	N/A
12/31/2019	110,920	46,685	112,913	116,969	N/A
9/30/2019	114,586	47,136	-589,109	-584,611	N/A
6/30/2019	111,764	45,769	-467,392	-462,144	N/A
3/31/2019	108,836	44,233	-359,662	-354,551	N/A
12/31/2018	107,880	43,183	-78,492	-73,738	N/A
9/30/2018	106,933	43,297	60,121	66,854	N/A
6/30/2018	106,231	42,946	N/A	205,882	N/A
3/31/2018	107,571	42,013	N/A	508,120	N/A
12/31/2017	106,114	41,236	N/A	452,941	N/A
9/30/2017	102,071	41,824	N/A	525,968	N/A
6/30/2017	104,177	42,040	N/A	276,966	N/A
3/31/2017	103,567	41,818	N/A	88,365	N/A
12/31/2016	107,528	41,629	N/A	-137,240	N/A
9/30/2016	112,739	42,775	N/A	-541,067	N/A
6/30/2016	113,663	42,172	N/A	-535,284	N/A
3/31/2016	112,661	41,430	N/A	-670,729	N/A
12/31/2015	109,643	41,158	N/A	-724,159	N/A
9/30/2015	108,975	41,338	N/A	-423,110	N/A
6/30/2015	106,005	41,244	N/A	-165,110	N/A
3/31/2015	104,342	40,914	N/A	-328,329	N/A
12/31/2014	102,626	40,692	N/A	-296,627	N/A
9/30/2014	100,177	40,595	N/A	-509,609	N/A
6/30/2014	99,392	40,818	N/A	-881,732	N/A
3/31/2014	95,958	40,663	N/A	-228,636	N/A
12/31/2013	93,560	39,175	N/A	-732,753	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 998's forecast earnings growth (6.5% per year) is above the savings rate (2.3%).

Earnings vs Market: 998's earnings (6.5% per year) are forecast to grow slower than the Hong Kong market (11.8% per year).

High Growth Earnings: 998's earnings are forecast to grow, but not significantly.

Revenue vs Market: 998's revenue (12.5% per year) is forecast to grow faster than the Hong Kong market (7.8% per year).

High Growth Revenue: 998's revenue (12.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 998's Return on Equity is forecast to be low in 3 years time (9%).

China CITIC Bank Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 11%

Consensus EPS estimates increase by 12%

Recent updates

Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in 3Q 2023)

China CITIC Bank Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024

Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.31 in 2Q 2023)

Consensus EPS estimates fall by 11%

China CITIC Bank (HKG:998) Will Pay A Larger Dividend Than Last Year At CN¥0.3907

China CITIC Bank Corporation Limited to Report First Half, 2024 Results on Aug 29, 2024

China Citic Bank Corporation Limited Approves Final Ordinary Dividend for the Year Ended December 31, 2023 Payable on 31 July 2024

Upcoming dividend of CN¥0.36 per share

First quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.39 in 1Q 2023)

China CITIC Bank Corporation Limited, Annual General Meeting, Jun 20, 2024

China CITIC Bank Corporation Limited Announces Resignation of Wang Kang as Chief Financial Officer

New minor risk - Shareholder dilution

China CITIC Bank Corporation Limited to Report Q1, 2024 Results on Apr 30, 2024

Dividend of CN¥0.36 announced

China CITIC Bank Corporation Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 18 July 2024

Consensus EPS estimates increase by 12%

Here's Why China CITIC Bank (HKG:998) Has Caught The Eye Of Investors

China CITIC Bank Corporation Limited Announced Resignation of Chen Panwu as Employee Representative Supervisor and A Member of the Nomination Committee

China CITIC Bank Corporation Limited to Report Fiscal Year 2023 Results on Mar 22, 2024

Should You Be Adding China CITIC Bank (HKG:998) To Your Watchlist Today?

China Citic Bank Corporation Limited Announces Resignation of Mr. Guo Danghuai as Executive Director and Member of Risk Management Committee of the Board

China CITIC Bank Corporation Limited Announces Board Changes with Effect from October 7, 2023

China CITIC Bank Corporation Limited to Report Q3, 2023 Results on Oct 27, 2023

China CITIC Bank Corporation Limited Announces Zhou Bowen to Act as an Independent Non-Executive Director

Should You Be Adding China CITIC Bank (HKG:998) To Your Watchlist Today?

China CITIC Bank's (HKG:998) Upcoming Dividend Will Be Larger Than Last Year's

China CITIC Bank Corporation Limited Elects Song Fangxiu as Independent Non-Executive Director

Upcoming dividend of CN¥0.33 per share at 8.7% yield

China CITIC Bank Corporation Limited, Annual General Meeting, Jun 21, 2023

Here's Why We Think China CITIC Bank (HKG:998) Is Well Worth Watching

VP & Executive Director recently bought HK$2.0m worth of stock

China CITIC Bank (HKG:998) Ticks All The Boxes When It Comes To Earnings Growth

China CITIC Bank Corporation Limited Announces Resignation of Qian Jun as Director

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 3Q 2021)

China CITIC Bank Corporation Limited to Report Q3, 2022 Results on Oct 27, 2022

China CITIC Bank Corporation Limited Announces Resignation of Mr. Lu Wei as Vice President

Executive Vice Chairman & President recently bought HK$618k worth of stock

Second quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in 2Q 2021)

China CITIC Bank Corporation Limited to Report First Half, 2022 Results on Aug 25, 2022

Executive VP & Executive Director recently bought HK$1.5m worth of stock

Insider recently bought HK$1.2m worth of stock

China Citic Bank Corporation Limited Announces Board Resignations

China CITIC Bank Corporation Limited Receives Qualification Approval of Liu Tsz Bun Bennett to Act as Independent Non-Executive Director from China Banking and Insurance Regulatory Commission

China CITIC Bank Corporation Limited Approves Final Dividend for the Year Ended December 31, 2021, Payable on 28 July 2022

Upcoming dividend of CN¥0.30 per share

China CITIC Bank Corporation Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 28 July 2022

China CITIC Bank Corporation Limited, Annual General Meeting, Jun 23, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

China CITIC Bank Corporation Limited to Report Q1, 2022 Results on Apr 29, 2022

Here's Why We Think China CITIC Bank (HKG:998) Is Well Worth Watching

Chairman of the Supervisor Board Cheng Liu has left the company

Third quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.21 in 3Q 2020)

I Built A List Of Growing Companies And China CITIC Bank (HKG:998) Made The Cut

Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.22 in 2Q 2020)

Upcoming dividend of CN¥0.25 per share

First quarter 2021 earnings released

Full year 2020 earnings released: EPS CN¥0.94 (vs CN¥0.95 in FY 2019)

Executive Chairperson has left the company

China CITIC Bank Corporation Limited Announces Committee Appointments

China CITIC Bank Corporation Limited to Report Fiscal Year 2020 Results on Mar 26, 2021

China CITIC Bank Corporation Limited (HKG:998) Is Yielding 7.6% - But Is It A Buy?

New 90-day high: HK$3.77

China CITIC Bank Corporation Limited Approves Appointment of Li Rong as A Shareholder Representative

New 90-day high: HK$3.50

How Much Did China CITIC Bank's(HKG:998) Shareholders Earn From Share Price Movements Over The Last Three Years?

VP & Executive Director recently bought HK$1.3m worth of stock

Executive Chairperson recently bought HK$328k worth of stock

New 90-day high: HK$3.49

Executive Chairperson recently bought HK$164k worth of stock

Third quarter 2020 earnings released: EPS CN¥0.21

China CITIC Bank Corporation Limited Appoints Wang Yankang as A Non-Executive Director