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Industrial and Commercial Bank of China
(OTC:1398)
Industrial and Commercial Bank of China (1398) vs. iShares MSCI Hong Kong ETF (EWH)
Industrial and Commercial Bank of China Business Overview & Revenue Model
Industrial and Commercial Bank of China Earnings Call Summary
Industrial and Commercial Bank of China Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 809.78B | 817.28B | 656.94B | 913.56B | 939.89B | 881.36B |
| Gross Profit | 809.78B | 817.28B | 838.05B | 913.56B | 939.89B | 881.36B |
| EBITDA | 94.31B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 362.37B | 365.86B | 363.99B | 361.13B | 348.34B | 315.91B |
Balance Sheet | ||||||
| Total Assets | 51.55T | 48.82T | 44.70T | 39.61T | 35.17T | 33.35T |
| Cash, Cash Equivalents and Short-Term Investments | 7.54T | 6.97T | 5.30T | 4.74T | 4.19T | 4.90T |
| Total Debt | 3.04T | 2.60T | 1.90T | 1.43T | 1.28T | 1.27T |
| Total Liabilities | 47.49T | 44.83T | 40.92T | 1.43T | 1.28T | 1.27T |
| Stockholders Equity | 4.04T | 3.97T | 3.76T | 3.50T | 3.26T | 2.89T |
Cash Flow | ||||||
| Free Cash Flow | 120.46B | 543.61B | 1.40T | 1.39T | 339.02B | 1.53T |
| Operating Cash Flow | 154.42B | 579.19B | 1.42T | 1.40T | 360.88B | 1.56T |
| Investing Cash Flow | -2.07T | -1.47T | -891.85B | -910.62B | -674.56B | -1.14T |
| Financing Cash Flow | 735.78B | 415.68B | 285.44B | -64.79B | -11.55B | -46.95B |
Industrial and Commercial Bank of China Technical Analysis
Industrial and Commercial Bank of China Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.37T | 6.39 | 10.80% | 4.98% | -0.43% | 11.31% | |
82 Outperform | HK$2.23T | 5.82 | 10.81% | 10.62% | -3.79% | -0.62% | |
80 Outperform | $741.29B | 5.70 | 11.58% | ― | 0.12% | ||
78 Outperform | HK$2.90T | 5.66 | 9.72% | 5.80% | -3.41% | -0.73% | |
77 Outperform | $1.74T | 5.44 | 9.57% | 11.16% | 6.59% | -0.89% | |
74 Outperform | $1.33T | 8.26 | 14.86% | 4.27% | -2.77% | 0.10% | |
58 Neutral | HK$91.33B | 5.23 | -3.21% | 5.29% | 7.36% | -55.21% |
Industrial and Commercial Bank of China Corporate Events
Industrial and Commercial Bank of China Limited announced the retirement of Mr. Fred Zuliu Hu from his role as Independent Non-executive Director, along with his positions on various committees, effective April 30, 2025. Mr. Hu’s departure marks the end of a term during which he made significant contributions to the bank’s corporate governance and strategic planning. The bank’s Board of Directors expressed their gratitude for his diligent service and contributions.
The Industrial and Commercial Bank of China Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The board has established eight committees to oversee various aspects of the bank’s operations, indicating a structured approach to governance and risk management. This announcement reflects the bank’s commitment to maintaining robust governance practices, which could enhance its industry positioning and reassure stakeholders about its management and oversight capabilities.
Industrial and Commercial Bank of China Limited has successfully completed the issuance of its 2025 Tier 2 Capital Notes (Series 2) in the National Interbank Bond Market, raising RMB50 billion. These 10-year fixed-rate notes, with an interest rate of 1.98% and a conditional redemption option at the end of the fifth year, will be used to enhance the bank’s tier 2 capital, strengthening its financial position and compliance with regulatory requirements.
The Industrial and Commercial Bank of China Limited reported its first-quarter financial results for 2025, showing a decrease in operating income and net profit compared to the same period last year. Despite a 5.58% increase in total assets, the bank experienced a decline in net cash flows from operating activities by 31.07%, which may impact its financial stability and stakeholder confidence.
The Industrial and Commercial Bank of China Limited held a Board of Directors meeting where several key proposals were approved, including the First Quarterly Report of 2025 and revisions to the Articles of Association and Rules of Procedures. These proposals, which received unanimous support, will be submitted to the Shareholders’ General Meeting for further consideration. The decisions reflect the bank’s ongoing efforts to align its governance and operational frameworks with updated regulatory and strategic objectives, potentially impacting its governance structure and stakeholder engagement.
The Industrial and Commercial Bank of China Limited held a meeting of its Board of Supervisors to address the approval of the bank’s first quarterly report for 2025. The meeting, which was conducted in compliance with relevant laws and regulations, resulted in the unanimous approval of the report, indicating that it accurately reflects the bank’s current situation. This approval underscores the bank’s commitment to transparency and regulatory compliance, potentially strengthening its position in the financial industry and assuring stakeholders of its operational integrity.
The Industrial and Commercial Bank of China Limited has announced a change in its authorized representative for service of process in Hong Kong. Mr. Liu Gang has been appointed to replace Mr. Xu Keen, effective from April 15, 2025, as part of compliance with Hong Kong’s listing rules and company ordinance.
The Industrial and Commercial Bank of China Limited has announced that its Board of Directors will meet on April 29, 2025, to approve the financial results for the first quarter ending March 31, 2025. This meeting is significant as it will provide insights into the bank’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.
Industrial and Commercial Bank of China Limited announced a final cash dividend for the year ending December 31, 2024, amounting to RMB 1.646 per 10 shares. The dividend will be paid in Hong Kong dollars, with the exchange rate to be announced. This announcement reflects the bank’s continued profitability and commitment to returning value to shareholders, with the payment date set for August 22, 2025.
The 2024 Pillar 3 Disclosure Report from ICBC outlines the bank’s approach to capital management and risk assessment. The report details key aspects such as risk management strategies, regulatory indicators, and risk-weighted assets. It also covers the composition of capital and total loss-absorbing capacity, highlighting ICBC’s commitment to maintaining financial stability and regulatory compliance. The disclosure provides insights into the bank’s credit risk, market risk, and operational risk management, emphasizing its robust framework for handling financial uncertainties. This comprehensive report is crucial for stakeholders to understand ICBC’s financial health and strategic positioning in the banking sector.
The Board of Directors of ICBC held a meeting to approve several key proposals for the year 2024, including the audited accounts, profit distribution plan, annual report, capital management disclosure, and sustainability report. All proposals were unanimously approved, reflecting the bank’s commitment to transparency and sustainable growth, and will be submitted to the Shareholders’ General Meeting for further consideration.
The Board of Supervisors of ICBC held a meeting to approve several key proposals for the year 2024, including the annual report, audited accounts, profit distribution plan, sustainability report, and internal control assessment. All proposals were unanimously approved, reflecting the bank’s adherence to regulatory requirements and its commitment to transparency and effective governance. These resolutions are expected to support ICBC’s operational stability and enhance its industry positioning.
The Industrial and Commercial Bank of China Limited has announced its audited annual results for the year ending December 31, 2024. The results have been reviewed and confirmed by the Board of Directors and the Audit Committee, indicating a transparent and accountable financial reporting process. This announcement is significant as it reflects the bank’s financial health and operational performance, which are crucial for stakeholders and investors.
Industrial and Commercial Bank of China Limited has announced that it will disclose its 2024 annual results on March 28, 2025, through a webcast. This event aims to provide investors with a comprehensive understanding of the bank’s annual performance and operational conditions. The announcement underscores the bank’s commitment to transparency and investor engagement, potentially impacting its market positioning and stakeholder relations.
Industrial and Commercial Bank of China Limited has announced that its Board of Directors will hold a meeting on March 28, 2025, to approve the annual financial results for the year ending December 31, 2024, and to discuss dividend payments. This meeting is significant as it will provide insights into the bank’s financial performance and potential returns for shareholders, impacting its market positioning and stakeholder interests.
Industrial and Commercial Bank of China Limited has successfully completed the issuance of its 2025 Tier 2 Capital Notes, raising RMB50 billion. This issuance, approved by regulatory authorities, aims to enhance the bank’s tier 2 capital, thereby strengthening its financial stability and market position.
The Industrial and Commercial Bank of China Limited has announced the approval of Li Weiping as an Independent Non-executive Director by the National Financial Regulatory Administration. This appointment is effective immediately, and Mr. Li Weiping joins the Board of Directors, potentially strengthening the bank’s governance and strategic oversight.
The Industrial and Commercial Bank of China Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board is structured with executive, non-executive, and independent non-executive directors, and has established eight committees to oversee various aspects of the bank’s operations. This announcement underscores the bank’s commitment to robust governance and strategic oversight, which is crucial for maintaining its competitive position in the financial industry.
The Industrial and Commercial Bank of China Limited held a Board of Directors meeting on February 14, 2025, where key resolutions were passed. The board approved the Inclusive Finance Business Operation Plan and the Fixed Asset Investment Budget for 2025, which will be presented at the Shareholders’ General Meeting. Additionally, Mr. Dong Yang was nominated for re-election as a non-executive director, ensuring continuity in ICBC’s strategic committees. These decisions reflect ICBC’s commitment to inclusive growth and strategic investments, potentially strengthening its market positioning and operational stability.