1. People's Republic of China Stocks

  2. •

    Financial Services

  3. •

    Banks - Diversified
Bank of China Limited

Bank of China Limited

3988.HK
Bank of China LimitedHK flagHong Kong Stock Exchange
5.53
HKD
+0.16
- -
2.35TMarket Cap
Bank of China Limited
3988.HK
(Hong Kong Stock Exchange)

Recent

price

5.53

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.03
1.19
1.31
1.45
1.64
1.55
1.58
1.57
1.64
1.78
1.79
1.95
1.86
1.98
1.98
2
2.13
Revenue per Share
0.39
0.45
0.5
0.56
0.61
0.56
0.54
0.56
0.59
0.61
0.61
0.7
0.72
0.74
0.75
0.74
0.78
Basic EPS, GAAP
1.06
0.66
0.84
0.99
0.33
2.08
0.49
1.17
2.03
-1.7
0.11
2.63
-0.16
2.51
1.65
2.32
3.15
Free Cash Flow per Basic Share
0.15
0.16
0.18
0.2
0.23
0.24
0.23
0.23
0.24
0.29
0.28
0.07
0.34
0.36
0.37
0.44
0.38
Dividend per Share
1.6
1.77
1.87
2.15
2.51
2.55
2.8
3.06
3.21
3.49
3.67
4.04
4.26
4.54
4.67
4.89
5.28
Book Value per Share
2.48
2.69
3.03
3.38
3.94
4.07
4.5
4.73
5.25
5.84
6.3
7.13
7.68
8.32
8.83
9.36
9.89
Tangible Book Value per Share
267,738
276,169
279,312
280,198
278,025
305,080
304,774
307,870
305,231
307,221
316,180
309,370
314,614
313,384
317,121
328,407
314,617
Basic Weighted Avg Shares
275,788
327,650
365,478
406,416
455,012
471,987
482,733
482,116
501,997
548,125
565,373
604,081
584,722
621,924
629,415
657,178
671,260
Sales/Revenue/Turnover
51.55
- -
51.25
52.21
50.75
48.81
45.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
10,319
12,257
14,075
15,690
15,563
15,608
15,691
16,769
17,043
25,355
27,506
28,792
28,868
30,416
29,221
28,034
- -
Depreciation Expense
104,418
124,276
139,656
156,911
169,595
170,845
164,578
172,407
180,086
187,405
192,870
216,559
226,522
231,904
237,841
243,021
245,288
Net Income, GAAP
22.83
22.62
22.34
23.05
23.45
22.52
17.25
17.01
16.2
19.45
16.76
17.82
16.54
16.66
14.32
14.39
14.02
Effective Tax Rate (%)
37.86
37.93
38.21
38.61
37.27
36.2
34.09
35.76
35.87
34.19
34.11
35.85
38.74
37.29
37.79
36.98
36.54
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
287,444
401,100
442,676
492,609
466,314
547,375
548,735
740,820
1,109,376
1,579,942
1,551,043
1,718,692
1,888,997
2,209,527
2,521,963
2,782,404
2,589,116
LT Debt
676,150
757,137
861,542
961,477
1,183,428
1,357,605
1,487,092
1,576,679
1,725,397
1,976,696
2,162,837
2,350,553
2,563,301
2,756,815
2,952,964
3,208,124
3,247,732
Total Equity
12.67
- -
11.51
11.53
11.1
9.82
9.09
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
26.7
27.1
27.61
27.89
26.1
23.19
20.18
19.2
18.74
18.26
17.29
17.97
17.48
16.78
16.37
15.75
15.35
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
99,969
99,969
99,969
Shares Outstanding
322,212
322,212
322,212
Market Capitalization
1,176,854
1,210,395
1,375,917

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
3,825,612
4,330,456
4,175,223
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9%
8.21%
8.64%
Free Cash Flow
40.05%
110.42%
45.26%
Net Income, GAAP
3.65%
4.8%
2.18%
Sales/Revenue/Turnover
3.42%
3.12%
4.41%
Total Cash Common Dividend
34.66%
64.54%
20.95%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
160,735
156,198
160,649
151,833
629,415
2025
164,637
163,768
161,854
166,919
657,178
2026
178,719
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
- -
0.19
- -
0.75
2025
0.18
- -
- -
- -
0.74
2026
0.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
0.27
- -
0.37
2025
0.15
- -
- -
- -
0.44
2026
0.06
- -
- -
- -
- -
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Business
Bank of China Limited (3988.HK) operates as one of China's largest state-owned commercial banks, providing a comprehensive range of banking and financial services including corporate banking with loans, deposits, trade finance, settlement services, and RMB cross-border solutions; personal banking encompassing savings, loans, wealth management, and foreign exchange; financial markets business covering treasury operations, investment banking, and asset management; insurance through subsidiaries such as BOC Group Life Assurance and BOC Insurance; securities via BOC International; funds and asset management by BOC Investment Management; leasing services from BOC Financial Leasing; and aircraft leasing through BOC Aviation. The bank maintains an extensive global footprint with institutions in 64 countries and regions, including note-issuing operations via Bank of China (Hong Kong) Limited in Hong Kong and its Macau branch; it primarily serves corporate, institutional, and retail customers across Greater China and overseas markets such as North America, Europe, Southeast Asia, and Belt and Road Initiative partner countries. Founded in 1912 and headquartered in Beijing, China, the bank listed A-shares on the Shanghai Stock Exchange in 2006 and H-shares on the Hong Kong Stock Exchange under ticker 3988.HK, with Central Huijin Investment Ltd. as its largest shareholder holding approximately 64% of shares. In recent developments, the bank expanded non-housing consumer loans by RMB95.825 billion and provided over RMB120 billion in new funding for large-scale equipment renewal initiatives as of end-2024; it advanced Belt and Road projects including Peru's Chancay Port, tracking over 1,200 corporate credit projects in partner countries with cumulative credit support exceeding USD372 billion; in 2025, it issued Sustainability Series Bonds and reported first-half asset growth to RMB36.79 trillion with RMB loans up 7.72% year-on-year in the Chinese mainland; its Hong Kong unit partnered with Manulife Investments in August 2025 for multi-asset income solutions across Hong Kong and Malaysia, while progressing e-HKD pilot programs and tokenised asset testing; and it bolstered green finance leadership with a 16.95% rise in green credit balances and top rankings in green bond underwriting.