Bank of China Limited Class A

Bank of China Limited Class A

5.96
HKD
-0.03
(-0.58%)
0.86EPS
6.12P/E
2.27TMarket Cap
Oct 30Next Earn
Bank of China Limited Class A
HKEX:3988
(Hong Kong Exchange)

Recent

price

5.96

P/E

ratio

6.12

div

yld

4.44%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.73
0.84
0.93
1.03
1.16
1.09
1.12
1.11
1.16
1.26
1.26
1.38
1.31
1.4
1.4
1.41
1.94
Revenue per Share
0.28
0.32
0.35
0.4
0.43
0.4
0.38
0.4
0.42
0.43
0.43
0.49
0.51
0.52
0.53
0.52
0.71
Basic EPS, GAAP
0.75
0.47
0.59
0.7
0.23
1.47
0.34
0.83
1.44
-1.2
0.07
1.86
-0.11
1.78
1.17
1.64
3.49
Free Cash Flow per Basic Share
0.1
0.12
0.13
0.14
0.16
0.17
0.16
0.17
0.17
0.21
0.2
0.05
0.24
0.25
0.26
0.31
0.23
Dividend per Share
1.63
1.83
2.09
2.34
2.62
2.89
3.15
3.35
3.63
4.06
4.54
5.06
5.53
6.03
6.48
6.5
6.58
Book Value per Share
1.6
1.8
2.05
2.3
2.58
2.86
3.11
3.3
3.58
4.01
4.48
5
5.47
5.96
6.4
6.43
6.51
Tangible Book Value per Share
378,678
390,602
395,047
396,301
393,227
431,493
431,060
435,438
431,705
434,521
447,192
437,560
444,977
443,237
448,523
464,485
352,905
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
685,116
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
249,024
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
15.22
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
36.35
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
2,792,160
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
3,240,384
Total Equity
11.52
- -
10.32
10.25
8.77
7.3
5.41
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
11.73
11.13
10.85
10.88
10.44
9.13
7.36
7.34
6.51
5.41
4.97
5.29
5.08
4.62
4.27
3.98
3.96
Return on Capital (%)
18.02
18.17
18.04
17.95
17.02
15.02
13.08
12.73
12.38
11.69
10.77
10.84
10.27
9.63
9.14
8.59
8.46
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
99,969
99,969
99,969
Shares Outstanding
455,724
455,724
455,724
Market Capitalization
1,826,351
1,993,096
1,967,558

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
4,330,456
4,175,223
4,346,988
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
177,624
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.21
0.13
0.21
0.53
2025
0.13
0.2
0.19
0.2
0.52
2026
0.13
0.21
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.05
0.19
0.04
0.26
2025
0.11
-0.06
0.03
0.12
0.31
2026
0.04
0.04
- -
- -
- -
Business
Bank of China Limited (BOC) (601988.SS) operates as one of China's "Big Four" state-owned commercial banks, providing a comprehensive range of banking and financial services to corporate, personal, and institutional customers worldwide. The company offers corporate banking services including settlement and trade finance, corporate lending, investment banking, custody, and asset management; personal banking products such as deposits, loans, credit cards, wealth management, and insurance agency services; treasury operations encompassing foreign exchange, derivatives, precious metals trading, and money market instruments; and investment and insurance services through subsidiaries. BOC also provides cross-border financing, syndicated loans, global cash management, and digital banking solutions via its mobile app and online platforms.[web:previous] Founded in 1912 and headquartered in Beijing, China, BOC maintains an extensive global footprint with operations in over 60 countries across Asia, Europe, the Americas, Africa, and Oceania, serving multinational corporations, SMEs, retail clients, and government entities. The bank targets diverse sectors including trade finance for Belt and Road Initiative projects, infrastructure financing, green finance, and digital RMB services. Its subsidiaries include Bank of China International Holdings Limited for investment banking and BOC Aviation for aircraft leasing.[web:previous] In the past two years, BOC has pursued strategic expansions including deepening partnerships with international institutions for sustainable finance initiatives, such as collaborations with the Asian Infrastructure Investment Bank on green projects; launching new digital offerings like enhanced blockchain-based trade finance platforms and AI-driven risk management tools in 2024; and completing acquisitions of minority stakes in regional fintech firms to bolster its Southeast Asian presence. The bank raised significant capital through Tier 2 bonds in 2024 totaling over RMB 200 billion to support lending growth amid China's economic recovery efforts. Additionally, BOC restructured its international division in early 2025 to integrate ESG-focused lending products, aligning with national carbon neutrality goals.[web:previous]

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