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Bank of Communications Co
(OTC:3328)
Bank of Communications Co (3328) vs. iShares MSCI Hong Kong ETF (EWH)
Bank of Communications Co Business Overview & Revenue Model
Bank of Communications Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 257.69B | 258.43B | 200.62B | 271.95B | 268.66B | 245.81B |
| Gross Profit | 257.69B | 258.43B | 256.45B | 271.95B | 268.66B | 245.81B |
| EBITDA | 19.87B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 93.97B | 93.59B | 92.73B | 92.10B | 87.58B | 78.27B |
Balance Sheet | ||||||
| Total Assets | 9.79T | 14.90T | 14.06T | 12.99T | 11.67T | 10.70T |
| Cash, Cash Equivalents and Short-Term Investments | 1.46T | 1.44T | 1.56T | 1.44T | 1.29T | 1.35T |
| Total Debt | 761.27B | 0.00 | 1.07T | 955.47B | 970.54B | 828.32B |
| Total Liabilities | 9.06T | 13.75T | 12.96T | 955.47B | 970.54B | 828.32B |
| Stockholders Equity | 718.72B | 1.14T | 1.09T | 1.02T | 964.65B | 866.61B |
Cash Flow | ||||||
| Free Cash Flow | 138.50B | -99.52B | 89.73B | 336.57B | -57.72B | 125.25B |
| Operating Cash Flow | 180.01B | -57.35B | 137.32B | 368.22B | -34.77B | 149.40B |
| Investing Cash Flow | -183.20B | -98.09B | -116.62B | -284.90B | -75.55B | -94.59B |
| Financing Cash Flow | 32.34B | 42.52B | 4.89B | -32.98B | 1.31B | 88.28B |
Bank of Communications Co Technical Analysis
Bank of Communications Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $730.19B | 5.66 | 11.56% | ― | 0.12% | ||
67 Neutral | ¥712.08B | 10.85 | 7.42% | 3.37% | 7.74% | 16.12% | |
| $284.29B | 6.49 | 10.80% | 4.45% | ― | ― | ||
| $214.37B | 5.60 | 9.57% | 11.59% | ― | ― | ||
| $273.62B | 5.64 | 10.81% | 11.10% | ― | ― | ||
| $351.94B | 5.71 | 9.72% | 4.96% | ― | ― | ||
77 Outperform | HK$580.60B | 5.94 | 10.41% | 8.96% | -1.43% | 5.12% |
Bank of Communications Co Corporate Events
Bank of Communications Co., Ltd. announced its unaudited financial results for the first quarter of 2025, showing a steady increase in total assets and customer deposits compared to the previous quarter. Despite a slight decrease in net operating income, the bank reported a marginal increase in net profit, indicating stable financial performance. The results reflect the bank’s solid market position and its ability to maintain growth in a competitive financial environment.
Bank of Communications Co., Ltd. announced the successful outcomes of its 2025 Second Extraordinary General Meeting, First A Shareholders Class Meeting, and First H Shareholders Class Meeting. The meetings, chaired by Mr. Ren Deqi, resulted in the approval of several resolutions, including the issuance of A shares to specific targets and the grant of a Whitewash Waiver. The resolutions were passed with overwhelming support, indicating strong shareholder confidence in the bank’s strategic direction and its plans for capital raising and expansion.
Bank of Communications Co., Ltd. has announced a board meeting scheduled for April 29, 2025, to review and approve the unaudited quarterly results for the first quarter of 2025. This meeting is significant as it will provide insights into the bank’s financial performance and operational strategies, potentially impacting its market position and stakeholder interests.
Bank of Communications Co., Ltd. held its 2025 first extraordinary general meeting on April 8, 2025, where shareholders approved the 2024 financial report and profit distribution plan. The meeting also approved a final cash dividend of RMB0.197 per share for the year ended December 31, 2024, to be distributed to shareholders later in April 2025. This decision reflects the bank’s strong financial performance and commitment to returning value to its shareholders.
Bank of Communications Co., Ltd has announced an update regarding its final cash dividend for the year ended December 31, 2024. The dividend, declared at RMB 0.197 per share, will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.082785, amounting to HKD 0.213309 per share. The ex-dividend date is set for April 11, 2025, with payment scheduled for April 30, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment and market positioning.
In the first quarter of 2025, Bank of Communications Co., Ltd. reported strong operational performance with increased loan balances and positive growth in net interest income and net profit. The bank’s asset quality remained robust, reflecting its strategic focus on stability and quality improvement.
The recent announcement from Bank of Communications Co outlines the current list of directors and their respective positions within the company. This update highlights the company’s commitment to robust governance and strategic oversight, with a focus on inclusive finance, social responsibility, and risk management. The diverse composition of the board, including executive, non-executive, and independent directors, is indicative of the company’s strategic approach to maintaining a balance of expertise and oversight in its operations.
Bank of Communications Co., Ltd. announced the approval of Mr. Ai Dong as a non-executive director by the National Administration of Financial Regulation. Mr. Ai’s appointment marks a strategic move for the bank, as he also joins the Strategy and Audit Committees, succeeding Mr. Chen Junkui, who has stepped down after significant contributions to the bank’s reform and development.
Bank of Communications Co., Ltd. has announced a proposed issuance of A Shares under a specific mandate, along with an application for a whitewash waiver. This move is part of the bank’s strategy to adjust its shareholding structure, with significant shares to be subscribed by the Ministry of Finance, CNTC, and CDIC. The issuance will increase the total issued shares from 74.26 billion to 88.04 billion, with the Ministry of Finance’s shareholding rising from 23.88% to 34.80%. This strategic issuance is expected to strengthen the bank’s capital base and potentially enhance its market positioning.
Bank of Communications Co., Ltd. has announced the dispatch of a circular related to the proposed issuance of A shares under a specific mandate and the application for a Whitewash Waiver. The circular includes details on the issuance plan, the Whitewash Waiver, and related shareholder meetings scheduled for April 16, 2025. The issuance of A shares is contingent upon the approval of the Whitewash Waiver by independent shareholders, which could significantly impact the bank’s capital structure and market positioning.
Bank of Communications Co., Ltd. has announced a proposed issuance of A shares under a specific mandate and related matters, along with an application for a whitewash waiver. To facilitate investor understanding, the bank will hold an online briefing on March 31, 2025, where investors can interact and ask questions. This initiative aims to enhance transparency and engage with a broader investor base.
Bank of Communications Co., Ltd. has announced a proposed issuance of A shares under a specific mandate, aiming to raise up to RMB120 billion. This capital will be used to replenish the bank’s core tier 1 capital, strengthening its financial position. The issuance will involve the Ministry of Finance, CNTC, and CDIC as subscribers, with the process subject to regulatory approvals. This move is expected to bolster the bank’s capital structure, potentially enhancing its competitive positioning in the financial sector.
Bank of Communications Co., Ltd. has announced an Extraordinary General Meeting to discuss and approve several key resolutions, including the issuance of A shares to specific targets and strategic partnerships with China National Tobacco Corporation and China Doublewin Investment Co., Ltd. These initiatives are aimed at strengthening the bank’s capital base and strategic positioning, potentially impacting its market operations and shareholder value.
Bank of Communications Co., Ltd. has announced a meeting for its H Shareholders to discuss and approve several strategic resolutions, including an A Share Issuance plan targeting specific investors. The bank aims to introduce China National Tobacco Corporation and China Doublewin Investment Co., Ltd. as strategic investors, alongside executing conditional share subscription agreements with these entities and the Ministry of Finance of China. These initiatives are expected to strengthen the bank’s strategic partnerships and enhance its capital base.
Bank of Communications Co., Ltd has announced an update regarding its proposed final cash dividend for the year ending December 31, 2024. The update includes details on the ex-dividend date, record date, and payment date, with the dividend declared at RMB 0.197 per share. This announcement is significant for shareholders as it provides clarity on the timeline for dividend distribution, potentially impacting investor decisions and market perceptions of the company’s financial health.
Bank of Communications Co., Ltd. has announced an Extraordinary General Meeting (EGM) to be held on April 8, 2025, in Shanghai, China. The meeting will address the approval of the 2024 financial report and profit distribution plan, which are crucial for the company’s financial transparency and shareholder engagement.
Bank of Communications Co., Ltd. has announced its annual profit distribution plan for 2024, proposing a cash dividend of RMB0.197 per share, totaling RMB14.630 billion, based on its share capital as of December 31, 2024. The plan is subject to approval at the bank’s extraordinary general meeting in April 2025, with the distribution expected to be completed within two months post-approval. Adjustments to the dividend per share will be made if there are changes in the total share capital due to various financial activities before the record date.
Bank of Communications Co., Ltd has announced a proposed distribution of a final cash dividend of RMB 0.197 per share for the financial year ending December 31, 2024. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders. The approval for this dividend is expected on April 8, 2025, with further details on the exchange rate, ex-dividend date, and payment date to be announced. This move is likely to impact the company’s market positioning by reinforcing investor confidence and potentially influencing stock performance.
Bank of Communications Co., Ltd. announced its audited consolidated financial results for the year ending December 31, 2024, showing a stable financial performance. The bank reported a net profit attributable to shareholders of RMB 93,586 million, a slight increase from the previous year, alongside a growth in total assets to RMB 14,900,717 million. The results indicate a solid financial position with increased loans and advances to customers and a rise in deposits, reflecting the bank’s robust market presence and operational efficiency.
Bank of Communications Co., Ltd. has announced its intention to release its 2024 annual results on March 21, 2025, with a webcast briefing scheduled for the same day. The briefing will feature discussions with analysts, media, and investors, led by the President and senior executives, highlighting the bank’s financial performance and strategic insights.
Bank of Communications Co., Ltd. has announced a board meeting scheduled for March 21, 2025, to discuss and approve the annual financial results for the year ending December 31, 2024, and to consider the payment of a final dividend. This meeting is crucial for stakeholders as it will provide insights into the company’s financial health and potential returns on investment.
Bank of Communications Co., Ltd. has announced a change in its authorized representatives for accepting service of process and notices in Hong Kong. Effective from March 3, 2025, Mr. Zhu Bin and Mr. Fan Chaorong will succeed Mr. Meng Yu and Mr. Zhang Weizhong in these roles. This change is part of the bank’s ongoing efforts to ensure compliance with the regulatory requirements of the Hong Kong Stock Exchange and the Companies Ordinance, potentially impacting its operational efficiency and stakeholder relations in the region.