Agricultural Bank of China Limited Class A

Agricultural Bank of China Limited Class A

0.77
EUR
+0.01
(+1.24%)
0.26EPS
2.31P/E
266.04BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.11
1.25
1.28
1.19
1.27
1.37
1.37
1.41
1.52
1.45
1.46
1.48
1.52
5.15
Basic EPS, GAAP
0.4
0.43
0.43
0.43
0.46
0.46
0.46
0.46
0.51
0.54
0.57
0.59
0.61
2
Free Cash Flow per Basic Share
0.01
0.02
1.91
1.63
1.46
0.2
0.75
-0.18
0.45
2.72
3.77
2.77
4.39
9.18
Dividend per Share
0.14
0.16
0.17
0.17
0.17
0.19
0.21
0.23
0.25
0.33
0.39
0.44
0.49
1.55
Book Value per Share
2.04
2.4
2.73
2.99
3.25
3.57
4.19
4.77
5.24
5.8
6.3
6.75
7.08
7.28
Tangible Book Value per Share
1.97
2.33
2.67
2.93
3.19
3.51
4.14
4.71
5.17
5.74
6.23
6.68
6.99
7.2
Basic Weighted Avg Shares
415,499
415,735
418,331
426,113
423,889
437,913
458,029
466,294
472,761
478,683
476,654
479,208
475,410
148,656
Sales/Revenue/Turnover
462,316
520,858
536,183
506,025
537,027
598,610
627,223
657,443
719,506
694,586
694,639
710,483
724,170
765,551
Operating Margin (%)
46.07
44.34
43.43
44.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
16,353
18,085
18,162
17,738
17,021
15,610
18,151
19,063
19,356
20,222
21,875
23,200
23,914
- -
Net Income, GAAP
166,315
179,461
180,582
183,941
192,962
202,783
212,098
215,925
241,183
259,232
269,356
282,083
291,041
297,912
Effective Tax Rate (%)
22.39
22.71
21.69
18.78
19.35
19.49
20.13
18.36
18.23
15.53
12.23
11.44
9.79
12.99
Profit Margin (%)
35.97
34.45
33.68
36.35
35.93
33.88
33.82
32.84
33.52
37.32
38.78
39.7
40.19
38.91
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
440,624
550,090
698,501
690,236
755,078
1,106,214
1,433,575
1,762,505
1,798,762
2,203,153
2,678,211
3,042,531
3,615,448
3,875,842
Total Equity
844,537
1,032,619
1,211,885
1,321,591
1,429,397
1,674,787
1,953,861
2,210,746
2,421,359
2,673,760
2,896,867
3,097,273
3,243,371
3,334,840
Return on Invested Capital (%)
10.02
8.49
6.49
5.63
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
13.99
12.51
10.33
9.37
9.19
8.17
6.85
5.85
5.87
5.71
5.15
4.81
4.46
4.28
Return on Common Equity (%)
20.88
19.57
17.03
15.53
14.93
13.81
12.26
10.81
10.82
10.53
9.98
9.69
9.44
9.44

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
80,000
80,000
80,000
Shares Outstanding
445,919
445,919
445,919
Market Capitalization
2,327,415
2,190,089
2,062,084

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
4,011,911
4,303,446
3,811,343
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
10.41%
7.99%
4.72%
Free Cash Flow
27.61%
44.56%
56.95%
Net Income, GAAP
4.92%
6.2%
3.18%
Sales/Revenue/Turnover
3.18%
2.04%
1.93%
Total Cash Common Dividend
12.71%
16.8%
10.64%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
186,026
180,768
173,380
170,309
710,483
2025
186,602
182,894
180,773
173,901
724,170
2026
206,242
204,635
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
1.57
0.15
1.56
0.59
2025
0.15
1.79
2.12
1.83
0.61
2026
0.16
1.82
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
2.72
0.07
0.67
0.44
2025
0.15
0.92
1.94
1.34
0.49
2026
0.08
1.67
- -
- -
- -

Company Description

CEO
Shu Gu
Full Time Employees
457,835
Sector
Finance
Industry
Major banks
Address
No. 69, Jianguomen Nei Avenue Beijing BE China 100005
IPO Date
Jul 15, 2010
Business
Agricultural Bank of China Limited Agricultural Bank of China Limited (601288.SS) operates as one of China's major integrated financial service providers, emphasizing high-quality development with positionings as a leading bank for rural revitalization and a major bank serving the real economy; it delivers a broad array of corporate and retail banking products including demand, time, foreign currency, savings, and negotiated deposits; certificates of deposit; diverse loans such as housing, consumer, personal auto, business, fixed asset, working capital, real estate, entrusted syndicated, and trade finance loans; guarantees and commitments; settlement and cash management services; along with treasury operations encompassing money market transactions, debt investments, and derivatives; asset management; investment banking; fund management; financial leasing; and life insurance through subsidiaries like ABC-CA Fund Management Co., Ltd., ABC Financial Leasing Co., Ltd., ABC International Holdings Limited, ABC Financial Asset Investment Co., Ltd., and ABC Life Insurance Co., Ltd. The bank, founded in 1951 as the Agricultural Cooperative Bank and restructured into a joint stock limited liability company in 2009 with listings on the Shanghai and Hong Kong Stock Exchanges in 2010, maintains headquarters in Beijing's Dongcheng District and conducts operations through 22,877 domestic branches including tier-1 branches, sub-branches, and foundation-level outlets, plus 13 overseas branches in locations such as Hong Kong, Singapore, New York, London, Tokyo, Frankfurt, Sydney, Seoul, Dubai, Luxembourg, Macao, and Hanoi, alongside representative offices in Vancouver, Taipei, Sao Paulo, and Dushanbe. It targets corporations, government agencies, financial institutions, individual customers, small and micro businesses, rural areas, and sectors like agriculture, industry, commerce, transportation, with strategies in rural and inclusive finance, green finance, and digitalization supported by extensive networks like Huinongtong rural services and advanced IT platforms; as of end-2024, it reports total assets of RMB43.24 trillion, customer loans of RMB24.91 trillion, deposits of RMB30.31 trillion, a capital adequacy ratio of 18.19%, and net profit of RMB282.7 billion. Recent developments include integration of 192 branches and sub-branches from Jilin Rural Commercial Banks in September-October 2025 to bolster county-level expansion and sinking strategy; launch of a global matchmaking platform in 2023 leveraging fintech for agricultural business opportunities connecting Chinese and overseas firms under Belt and Road Initiative; issuance of a $300 million three-year green bond in London; approval of 2025 budgets for fixed assets investment and external donations of RMB124.8 million focused on rural revitalization, disaster relief, and social welfare; election of Ms. WONG Pui Sze Priscilla as independent non-executive Director; amendments to rules of procedure for shareholders' general meeting and board of directors; and sustained profitability growth with 5.3% year-on-year net profit increase in first-half 2025 alongside digital transformation via Ten Projects for smart banking.

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