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Agricultural Bank of China Limited Class H (ACGBF)
OTHER OTC:ACGBF
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 28, 2025
|% Change Since: -13.11%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, robust loan growth, and improved asset quality. However, the bank faced challenges with deposit growth, non-interest income, and a narrowing NIM. Overall, the highlights outweigh the lowlights, indicating a positive outlook.Company Guidance
During the 2024 Annual Results Announcement of ABC, Wang Wenjing, Vice President of ABC, provided a comprehensive overview of the company's financial performance and strategic initiatives. Key metrics for 2024 included a total net profit of RMB222.7 billion, representing a 4.8% increase, and operating income of RMB711.4 billion, up by 2.3%. Interest income grew by 1.6% to RMB580.7 billion, while the newly issued growth loan amounted to RMB2.29 trillion, a 10.13% increase. The NPL ratio improved to 1.3%, down by 3 basis points, and the provision coverage ratio reached 299%. ABC's capital adequacy ratio increased by 1.05%, with a CET1 CAR of 11.42%. A shares and H shares saw notable increases of 55% and 58%, respectively. The dividend payout was recommended at RMB2.419 per 10 shares, resulting in approximately RMB80 billion in dividends. The company's emphasis on enhancing financial services to agriculture and rural areas was evident, with county-level growth exceeding RMB1 trillion. ABC's green finance strategy resulted in a 22.9% increase in green bond balances to RMB4.97 trillion. The inclusive finance loan balance increased by over 30% for six consecutive years, reaching RMB4.66 trillion. The company also reported significant advancements in fintech, pension finance, and digital finance, with digital finance loans growing by 34.8% to RMB5.73 trillion. The outlook for 2025 is positive, with expectations for continued growth driven by supportive monetary and fiscal policies, infrastructure investment, and a stable consumption environment, further strengthening ABC's role in serving the real economy.Strong Financial Performance
In 2024, ABC reported a total net profit of RMB222.7 billion, a growth of 4.8%, and operating income of RMB711.4 billion, an increase of 2.3%. The interest income was RMB580.7 billion, up by 1.6%.
Robust Loan Growth
The bank reported newly grown loans of RMB2.29 trillion, marking a 10.13% increase. The growth of corporate and individual loans led among peers, with individual loan discrepancy at 0.42%.
Improved Asset Quality
Asset quality was sound with an NPL ratio of 1.3%, down by 3 basis points from the previous year-end. The special mention loan ratio was 1.4%, down by 2 basis points.
Capital and Stock Performance
ABC issued around RMB320 billion in TLAC and capital bonds, with a capital adequacy ratio increase of 1.05%. The stock price of A shares and H shares increased by 55% and 58%, respectively.
Green and Inclusive Finance Growth
Green finance strategy led to a green bond balance of RMB4.97 trillion, an increase of 22.9%. Inclusive finance loan balance increased by more than 30% for six consecutive years, totaling RMB4.66 trillion.
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ACGBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACGBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 28, 2025 | $0.61 | $0.60 | -1.64% |
| Oct 30, 2024 | $0.50 | $0.49 | -2.00% |
| Aug 30, 2024 | $0.44 | $0.44 | 0.00% |
| Apr 29, 2024 | $0.37 | $0.39 | +5.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Agricultural Bank of China Limited Class H (ACGBF) report earnings?
Agricultural Bank of China Limited Class H (ACGBF) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Agricultural Bank of China Limited Class H (ACGBF) earnings time?
Agricultural Bank of China Limited Class H (ACGBF) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACGBF EPS forecast?
ACGBF EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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