China CITIC Bank Corporation Ltd Class H (HK:0998)
:0998
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China CITIC Bank
(0998)
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Rating:70Outperform
Price Target:
HK$9.00
â–˛(11.66% Upside)
Action:Upgraded
Date:05/01/26
The score is supported by very attractive valuation (low P/E and strong dividend yield) and constructive technical momentum (price above key moving averages with positive MACD). These positives are tempered by fundamental risk flags: sharp TTM revenue contraction, high leverage, and volatile cash-flow consistency.
Positive Factors
Improving profitability / margins
A materially higher TTM net margin versus the prior year indicates stronger core profitability and/or better cost control. Sustained margin improvement supports durable internal capital generation, helps absorb credit volatility, and underpins dividend and lending capacity over the next several quarters.
Negative Factors
Sharp revenue contraction
A near-term collapse in reported revenue of this magnitude signals structural demand or accounting/composition shifts that weaken top-line durability. Absent clear drivers reversing the decline, sustainable earnings and fee diversification could be impaired across the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability / margins
A materially higher TTM net margin versus the prior year indicates stronger core profitability and/or better cost control. Sustained margin improvement supports durable internal capital generation, helps absorb credit volatility, and underpins dividend and lending capacity over the next several quarters.
Read all positive factors
China CITIC Bank (0998) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$502.11B
Dividend Yield5.76%
Average Volume (3M)30.65M
Price to Earnings (P/E)4.9
Beta (1Y)0.44
Revenue Growth-3.89%
EPS Growth2.20%
CountryHK
Employees65,466
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.20
Shares Outstanding14,882,163,000
10 Day Avg. Volume23,231,412
30 Day Avg. Volume30,652,255
Financial Highlights & Ratios
PEG Ratio-1.53
Price to Book (P/B)0.46
Price to Sales (P/S)1.00
P/FCF Ratio5.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.77Price Target Upside8.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.25
Revenue Forecast (FY)HK$218.92B
China CITIC Bank Business Overview & Revenue Model
Company Description
China CITIC Bank Corporation Limited provides various banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It accep...
How the Company Makes Money
China CITIC Bank primarily makes money through (1) net interest income and (2) non-interest income (fees/commissions and market-related income). Net interest income is earned from the spread between interest collected on interest-earning assets (s...
China CITIC Bank Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 350.76B | 347.02B | 375.89B | 379.30B | 373.76B | 362.59B |
| Gross Profit | 173.56B | 160.82B | 212.78B | 205.15B | 210.80B | 204.32B |
| EBITDA | 85.25B | 87.30B | 85.97B | 79.78B | 77.56B | 69.00B |
| Net Income | 70.77B | 68.79B | 68.58B | 67.02B | 62.10B | 55.64B |
Balance Sheet | ||||||
| Total Assets | 10.21T | 10.14T | 9.53T | 9.05T | 8.55T | 8.04T |
| Cash, Cash Equivalents and Short-Term Investments | 401.51B | 556.63B | 887.49B | 746.93B | 780.36B | 696.80B |
| Total Debt | 2.96T | 3.07T | 260.20B | 1.06T | 1.06T | 1.05T |
| Total Liabilities | 9.34T | 9.36T | 8.73T | 8.32T | 7.86T | 7.40T |
| Stockholders Equity | 844.89B | 759.14B | 789.26B | 717.22B | 665.42B | 626.30B |
Cash Flow | ||||||
| Free Cash Flow | 38.06B | 67.55B | -199.81B | -14.44B | 188.27B | -79.88B |
| Operating Cash Flow | 77.49B | 104.39B | -181.03B | -918.00M | 195.07B | -75.39B |
| Investing Cash Flow | -229.84B | -527.64B | -29.53B | 1.89B | -115.87B | -206.79B |
| Financing Cash Flow | 183.25B | 496.51B | 220.80B | -63.10B | -32.54B | 219.92B |
China CITIC Bank Technical Analysis
Neutral
8.06
Price Trends
7.65
Positive
7.29
Positive
7.08
Positive
Market Momentum
0.10
Positive
48.77
Neutral
0.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0998, the sentiment is Neutral. The current price of 8.06 is below the 20-day moving average (MA) of 8.06, above the 50-day MA of 7.65, and above the 200-day MA of 7.08, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 48.77 is Neutral, neither overbought nor oversold. The STOCH value of 0.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0998.
China CITIC Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$487.83B | 5.80 | 11.37% | 5.80% | -1.26% | 4.94% | |
70 Outperform | HK$502.11B | 4.85 | 9.18% | 5.76% | -3.89% | 2.20% | |
70 Outperform | HK$1.11T | 7.29 | 11.91% | 4.26% | -4.57% | 1.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$653.49B | 5.09 | 8.09% | 5.37% | -0.97% | -13.82% | |
62 Neutral | HK$206.13B | 3.48 | 6.59% | 5.53% | -8.41% | -5.52% | |
54 Neutral | HK$176.68B | 3.10 | 4.59% | 9.09% | -8.22% | -2.28% |
* Financial Sector Average
HK:0998
China CITIC Bank
7.92
1.89
31.39%
HK:2388
BOC Hong Kong (Holdings)
46.12
14.65
46.58%
HK:6818
China Everbright Bank Co
3.13
-0.29
-8.43%
HK:1988
China Minsheng Banking
3.47
-0.22
-6.06%
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China Merchants Bank Co
46.58
0.78
1.70%
HK:1658
Postal Savings Bank of China Co., Ltd. Class H
5.05
0.14
2.85%
China CITIC Bank Corporate Events
China CITIC Bank Names New Joint Company Secretary in Hong Kong
Apr 29, 2026
China CITIC Bank has announced a change in its Hong Kong corporate governance lineup, with joint company secretary and Hong Kong process agent Ms. Cheung Yuet Fan resigning effective 29 April 2026. The bank noted that Ms. Cheung has no disagreemen...
China CITIC Bank Publishes First-Quarter 2026 Results and Governance Update
Apr 29, 2026
China CITIC Bank has released its unaudited consolidated results for the first quarter ended 31 March 2026, prepared under IFRS Accounting Standards. The disclosure, made in accordance with Hong Kong securities regulations, underscores the board&#...
China CITIC Bank Fully Redeems RMB40 Billion Undated Capital Bonds
Apr 27, 2026
China CITIC Bank Corporation Limited announced that it has exercised its conditional redemption right on a tranche of undated capital bonds issued between 22 April 2021 and 26 April 2021, with a total size of RMB40 billion. With approval from the ...
China CITIC Bank Sets 2025 Final Dividend and Clarifies Tax Treatment for Non-Resident Shareholders
Apr 21, 2026
China CITIC Bank has proposed a final ordinary cash dividend of RMB 1.93 per 10 shares for the financial year ended 31 December 2025, with payment to H-share holders scheduled for 6 July 2026 subject to shareholder approval in May. The dividend fo...
China CITIC Bank Calls May 2026 EGM and Proposes RMB10.74 Billion Final Dividend for 2025
Apr 21, 2026
China CITIC Bank has called a second extraordinary shareholders’ meeting for 13 May 2026 in Beijing to seek approval of its 2025 annual report, financial statements and profit distribution plan. The meeting will adopt non-accumulative voting...
China CITIC Bank Sets Board Meeting to Approve First-Quarter 2026 Results
Apr 17, 2026
China CITIC Bank has scheduled a board meeting for 29 April 2026 to review and approve the quarterly results for the bank and its subsidiaries for the three months ended 31 March 2026. The disclosure signals the forthcoming release of first-quarte...
China CITIC Bank Wins Regulatory Approval for Registered Capital Increase After Bond Conversion
Apr 17, 2026
China CITIC Bank has completed the conversion of its RMB40 billion A-share convertible corporate bonds, issued in March 2019 and maturing in March 2025, into 6.71 billion new shares. This conversion increased the bank’s total share capital a...
China CITIC Bank Shareholders Back Extension of Board Mandate for Rights Issue
Apr 10, 2026
China CITIC Bank held its first extraordinary shareholders’ meeting of 2026 in Beijing on 10 April, combining on-site and online voting in compliance with PRC company law and its articles of association. Attendance was strong, with 562 share...
China CITIC Bank Raises RMB40 Billion via Undated Capital Bonds to Boost Tier-One Capital
Apr 10, 2026
China CITIC Bank has completed the issuance of its 2026 Undated Capital Bonds (Tranche 1, Bond Connect) in the national inter-bank bond market following approvals from Chinese financial regulators. The RMB40 billion offering carries a 2.06% coupon...
China CITIC Bank Announces 2025 Final Dividend and Tax Terms for Hong Kong Shareholders
Mar 20, 2026
China CITIC Bank has proposed a final ordinary cash dividend of RMB 1.93 per 10 shares for the financial year ended 31 December 2025, payable to shareholders on its Hong Kong register. The dividend will be distributed by default in Hong Kong dolla...
China CITIC Bank Seeks One-Year Extension for Rights Issue Approvals
Mar 20, 2026
China CITIC Bank has moved to extend the validity of its shareholder approvals for a proposed rights issue of A shares and H shares, a capital-raising plan originally endorsed at its 2021 annual and class meetings. The bank’s board resolved ...
China CITIC Bank Unveils 2025 Results and Confirms Robust Cash Dividend Payout
Mar 20, 2026
China CITIC Bank has released its audited annual results for the year ended 31 December 2025, prepared in line with Hong Kong listing disclosure rules and reviewed by its audit committee. The full annual report will be made available on both the b...
China CITIC Bank Calls 2026 Extraordinary Shareholders’ Meeting to Extend Rights Issue Authorization
Mar 17, 2026
China CITIC Bank has convened its First Extraordinary Shareholders’ Meeting of 2026 for April 10 in Beijing, calling on shareholders of both A shares and H shares to vote on a special resolution to extend the authorization period granted to ...
China CITIC Bank Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 10, 2026
China CITIC Bank has scheduled a meeting of its board of directors for 20 March 2026 to review and approve the annual results of the bank and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the recommen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.