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Industrial & Commercial Bank of China Ltd.

Industrial & Commercial Bank of China Ltd.

601398.SS
Industrial & Commercial Bank of China Ltd.CN flagShanghai Stock Exchange
7.12
CNY
+0.08
- -
2.54TMarket Cap
Industrial & Commercial Bank of China Ltd.
601398.SS
(Shanghai Stock Exchange)

Recent

price

7.12

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
1.1
1.36
1.52
1.68
1.86
1.93
1.86
2
2.12
2.35
2.4
2.56
2.34
2.26
2.19
2.26
2.17
Revenue per Share
0.48
0.6
0.68
0.75
0.78
0.77
0.77
0.79
0.82
0.86
0.86
0.95
0.97
0.98
0.98
1
0.96
Basic EPS, GAAP
0.77
0.97
1.47
-0.1
0.44
3.05
0.56
2.11
1.85
1.25
4.16
0.92
3.74
3.78
1.46
5.03
3.43
Free Cash Flow per Basic Share
0.17
0.19
0.23
0.27
0.29
0.29
0.28
0.29
0.31
0.33
0.35
0.36
0.39
0.46
0.47
0.55
0.6
Dividend per Share
1.6
1.91
2.06
2.47
2.84
3.16
3.59
4.02
4.31
4.75
5.08
5.39
5.72
6.11
6.35
6.88
6.51
Book Value per Share
2.39
2.76
3.22
3.65
4.25
4.78
5.26
5.69
6.24
7.09
7.54
8.57
9.08
9.81
10.32
11.28
10.54
Tangible Book Value per Share
344,075
347,108
350,782
350,199
353,604
359,910
361,362
362,087
363,020
363,051
367,333
366,672
372,301
371,421
373,330
368,562
380,064
Basic Weighted Avg Shares
378,675
472,770
534,293
587,540
656,735
695,317
673,287
723,552
770,700
852,908
881,361
939,893
871,338
838,048
817,284
833,496
823,314
Sales/Revenue/Turnover
56.64
- -
57.54
57.37
54.76
51.71
53.52
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
12,158
13,453
14,996
16,438
18,305
20,344
21,820
20,072
22,654
28,544
29,653
31,319
34,013
34,774
34,538
34,485
34,588
Depreciation Expense
165,156
208,265
238,532
262,649
275,811
277,131
278,249
286,049
297,676
312,224
315,906
348,338
361,132
363,993
365,863
368,562
363,499
Net Income, GAAP
22.93
23.45
22.68
22.32
23.6
23.54
23.17
21.17
19.79
20.02
18.98
17.58
14.74
13.47
13.01
12.64
13.97
Effective Tax Rate (%)
43.61
44.05
44.64
44.7
42
39.86
41.33
39.53
38.62
36.61
35.84
37.06
41.45
43.43
44.77
44.22
44.15
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
227,897
453,957
486,368
655,179
712,053
784,215
858,044
1,018,888
1,104,091
1,233,128
1,266,743
1,280,715
1,428,764
1,898,250
2,599,150
2,751,358
3,188,186
LT Debt
821,657
957,823
1,128,459
1,278,463
1,537,304
1,800,519
1,981,163
2,141,056
2,344,883
2,692,003
2,909,515
3,275,258
3,515,419
3,776,588
3,987,266
4,272,024
4,138,876
Total Equity
17
- -
15.07
14.21
12.71
11.04
9.95
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
32.96
34.35
34.46
33.13
29.54
25.87
22.85
20.8
19.73
18.99
17.59
18.12
17.59
16.56
15.77
15.02
15.14
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
134,614
134,614
134,614
Shares Outstanding
356,406
356,406
356,406
Market Capitalization
2,627,707
2,618,640
2,884,684

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
4,751,029
4,977,864
4,600,852
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
9.06%
8.01%
7.14%
Free Cash Flow
79.99%
82.56%
240.74%
Net Income, GAAP
2.93%
3.2%
0.74%
Sales/Revenue/Turnover
1.99%
-0.99%
1.98%
Total Cash Common Dividend
7.07%
9.88%
14.38%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
218,893
199,144
204,713
194,534
817,284
2025
211,385
212,682
197,965
- -
833,496
2026
228,664
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
- -
0.25
- -
0.98
2025
0.23
- -
- -
- -
1
2026
0.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
0.33
- -
0.47
2025
0.17
- -
- -
- -
0.55
2026
0.11
- -
- -
- -
- -
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Business
Industrial and Commercial Bank of China Limited (ICBC) is China's largest commercial bank and a leading global financial institution, providing a comprehensive range of banking products and services through its Corporate Banking, Personal Banking, and Treasury Operations segments; corporate banking offerings include deposits, trade financing, corporate wealth management, custody services, corporate loans to corporations, government agencies and financial institutions, intermediary services, fund raising, fund sales, asset management, financial leasing, insurance such as life, health and accident policies plus reinsurance, sponsorship and underwriting for listings and bond issuances, financial consulting, direct investment, sales and trading, market research, cross-border financial services, debt-for-equity swaps and wealth management products; personal banking encompasses deposit-taking, personal loans, card business including Peony RMB Credit Cards, personal wealth management and intermediary services; treasury operations cover money market transactions, investment securities, proprietary and foreign exchange trading; additional businesses comprise inclusive finance, institutional finance, settlement and cash management, investment banking, bill discounting, bank card operations, pension finance, precious metals and asset securitization. Founded in 1984 and headquartered in Beijing, ICBC operates over 15,000 domestic outlets and more than 400 overseas institutions across 69 countries and regions, including subsidiaries like ICBC (Asia) and branches in key markets such as Singapore, Luxembourg, Pakistan, Spain and Türkiye where it serves as an RMB clearing bank in 12 countries; it targets corporations, government entities, financial institutions, individuals and serves strategic sectors including manufacturing, technology, green initiatives and Belt and Road projects. In recent developments, ICBC has advanced its "five transformations" in intelligent risk control, modern layout, digital drivers, diversified structure and ecological foundation, achieving total assets exceeding RMB52 trillion and customer loans over RMB30 trillion as of mid-2025 with non-performing loan ratio at 1.33%; it expanded technology loans to RMB6 trillion (up 20%), green loans beyond RMB6 trillion (up 16.4%), inclusive loans to RMB3.4 trillion (up 17.3%) and pension assets to RMB5.4 trillion (up 7.3%), established an RMB80 billion Sci-tech Finance Innovation Fund, received approval to acquire Bank of Jinzhong in a bailout, grew overseas assets to nearly USD460 billion, launched AI-powered tools like the "AI-Credit Matrix" and "ICBC eXaminer", and enhanced international operations supporting over 500 "going global" projects with USD130 billion in loan commitments while issuing global multi-currency offshore green bonds.