Large global bank by total assets listed in Hong Kong, serving millions of customers across China and internationally.
Profile & Fundamentals
ICBC: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
ICBC Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
Company Profile & Ownership
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers corporate loans, trade financing, deposit-taking activities, corporate wealth management services, custody services, and various types of corporate intermediary services, as well as corporate loans to corporations, government agencies, and financial institutions. Its Personal Banking segment provides personal loans, deposit-taking activities, card business, personal wealth management services, and various types of personal intermediary services to individual customers. The Treasury Operations segment engages in money market transactions, investment securities, and foreign exchange transaction activities. In addition, the company is involved in the fund raising, fund sales, asset management, and other businesses; financial leasing; insurance businesses, such as life, health, and accident insurance, as well as reinsurance; debt-for-equity swaps; and issuance of wealth management products, wealth management advisory, and consulting services. Industrial and Commercial Bank of China Limited was founded in 1984 and is headquartered in Beijing, the People's Republic of China.
Company profile record
Industrial and Commercial Bank of China Ltd
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- Industrial and Commercial Bank of China Ltd
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇨🇳 China
- Head office
- No.55 Fuxingmennei Avenue, Beijing, China, 100140
Leadership & scale
- Full-time employees
- 402.5K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- --
- P/E
- --
- Revenue (Q2 26)
- CNY 234.2B
- Profit (Q2 26)
- CNY 86.7B
- Dividend Yield
- 4.6%
- Revenue (FY 25)
- CNY 1.54T
Reporting & identifiers
- Symbol
- 1398.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- CNE1000003G1
- Asset ID
- equity_6c8e136c-6574-5381-abca-d8c525ace9fb
Ownership
Shares Outstanding
No history available.
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
--
-- latest reported shares
Insider Ownership
--
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
No reported records are available in this preview.
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The bank's overall financial results present a picture of steady, state-mandated resilience. For the first half of 2026, attributable net profit reached RMB 173.7 billion, growing 3.3% year-over-year, while full-year 2025 net profit held firm at RMB 369 billion. Although headline revenue numbers experienced distortions from accounting reclassifications, the true engine of stability has been net interest income, which expanded 8.8% in early 2026 as interest expenses fell sharply. This earnings stability reveals that the bank has successfully navigated domestic interest rate cuts by lowering what it pays on customer deposits. Because deposit costs dropped faster than loan income declined, profits held steady despite an anemic macroeconomic backdrop. Cash generation remains immense, comfortably safeguarding the bank's commitment to pay out thirty percent of earnings as cash dividends.
The bank's overall financial results present a picture of steady, state-mandated resilience. For the first half of 2026, attributable net profit reached RMB 173.7 billion, growing 3.3% year-over-year, while full-year 2025 net profit held firm at RMB 369 billion. Although headline revenue numbers experienced distortions from accounting reclassifications, the true engine of stability has been net interest income, which expanded 8.8% in early 2026 as interest expenses fell sharply. This earnings stability reveals that the bank has successfully navigated domestic interest rate cuts by lowering what it pays on customer deposits. Because deposit costs dropped faster than loan income declined, profits held steady despite an anemic macroeconomic backdrop. Cash generation remains immense, comfortably safeguarding the bank's commitment to pay out thirty percent of earnings as cash dividends.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 1.54T | Max: CNY 1.54T | Min: CNY 146.8B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 6x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have undergone a multi-year decline before finding a stable floor. Net interest margin compressed over several years under official lending rate cuts, but recently stabilized around 1.28% to 1.29%. At the same time, return on equity has normalized near 9.3%, down from historical peaks above eighteen percent a decade ago. This margin floor is a critical milestone, showing that reductions in deposit interest rates have successfully halted spread erosion. While the bank's duty to provide low-cost loans to national strategic projects prevents margins from bouncing back strongly, its low-cost deposit monopoly prevents further decay, locking in predictable utility-like profitability across the business cycle.
Profitability margins have undergone a multi-year decline before finding a stable floor. Net interest margin compressed over several years under official lending rate cuts, but recently stabilized around 1.28% to 1.29%. At the same time, return on equity has normalized near 9.3%, down from historical peaks above eighteen percent a decade ago. This margin floor is a critical milestone, showing that reductions in deposit interest rates have successfully halted spread erosion. While the bank's duty to provide low-cost loans to national strategic projects prevents margins from bouncing back strongly, its low-cost deposit monopoly prevents further decay, locking in predictable utility-like profitability across the business cycle.
Profitability Margins
Latest: 45.2% | Max: 100.0% | Min: 23.9%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
45.2%
Gross profit / revenue
Operating Margin
27.5%
Operating income / revenue
Net Margin
23.9%
Net income / revenue
FCF Margin
9.5%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 79,849,784,172.66 | 40,035,827,338.13 | 29,108,776,978.42 |
| 2017-12-31 | 92,264,055,299.54 | 43,939,938,556.07 | 117,355,453,149 |
| 2018-12-31 | 89,430,668,604.65 | 43,266,860,465.12 | 97,544,912,790.7 |
| 2019-12-31 | 86,282,040,229.89 | 44,859,770,114.94 | 65,402,586,206.9 |
| 2020-12-31 | 92,069,984,686.06 | 48,377,641,653.91 | 233,785,758,039.82 |
| 2021-12-31 | 103,499,528,301.89 | 54,770,125,786.16 | 53,305,031,446.54 |
| 2022-12-31 | 96,108,985,507.25 | 52,337,971,014.49 | 201,586,086,956.52 |
| 2023-12-31 | 92,626,760,563.38 | 51,266,619,718.31 | 197,536,338,028.17 |
| 2024-12-31 | 90,463,972,602.74 | 50,118,219,178.08 | 74,466,986,301.37 |
| 2025-12-31 | 220,912,875,536.48 | 52,727,038,626.61 | 21,003,576,537.91 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 5.57 | Trailing four quarters |
| 2024-12-31 | 4.03 | Trailing four quarters |
| 2023-12-31 | 3.48 | Trailing four quarters |
| 2022-12-31 | 3.57 | Annual net income |
| 2021-12-31 | 3.74 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 100 | 70.78 | 50.14 | 36.45 |
| 2017-12-31 | 100 | 70.41 | 47.62 | 127.2 |
| 2018-12-31 | 100 | 69.93 | 48.38 | 109.07 |
| 2019-12-31 | 100 | 74.25 | 51.99 | 75.8 |
| 2020-12-31 | 100 | 74.3 | 52.54 | 253.92 |
| 2021-12-31 | 100 | 74.45 | 52.92 | 51.5 |
| 2022-12-31 | 100 | 74.15 | 54.46 | 209.75 |
| 2023-12-31 | 100 | 74.16 | 55.35 | 213.26 |
| 2024-12-31 | 100 | 73.98 | 55.4 | 82.32 |
| 2025-12-31 | 45.19 | 27.49 | 23.87 | 9.51 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.