Cash flow Agricultural Bank of China Limited

Equities

1288

CNE100000Q43

Banks

Market Closed - Hong Kong S.E. Other stock markets 04:08:14 2026-04-17 am EDT			5-day change	1st Jan Change
6.050 ^HKD	+1.00%		+5.40%	+4.67%

Apr. 16	Agricultural Bank of China Sells 50 Billion Yuan Bonds	MT
Apr. 14	Xiamen Port Development Issues 600 Million Yuan in Super Short-Term Commercial Paper	MT

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Published financial data: AGRICULTURAL BANK OF CHINA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	1,008B	1,109B	1,224B	1,276B	1,201B
Interest Income, Total	1,008B	1,109B	1,224B	1,276B	1,201B
Interest On Deposits	430B	519B	652B	695B	632B
Interest Expense, Total	430B	519B	652B	695B	632B
Net Interest Income	578B	590B	572B	581B	570B
Income From Trading Activities	14.24B	5.52B	23.12B	25.5B	16.9B
Gain (Loss) on Sale of Assets	1.03B	900M	1.04B	800M	730M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	15.05B	6.07B	17.8B	27.78B	38.8B
Total Other Non Interest Income	113B	123B	81.76B	76.64B	99.1B
Non Interest Income, Total	144B	136B	124B	131B	156B
Revenues Before Provison For Loan Losses	722B	725B	695B	711B	725B
Provision For Loan Losses	166B	145B	136B	131B	127B
Total Revenues	556B	580B	560B	581B	598B
Salaries And Other Employee Benefits	138B	147B	152B	160B	169B
Occupancy Expense	19.8B	20.86B	21.62B	22.87B	23.5B
Selling General & Admin Expenses, Total	61.56B	61.86B	62.05B	61.08B	62.26B
(Income) Loss on Equity Invest.	-409M	-66M	-189M	-72M	-1.14B
Total Other Non Interest Expense	41.08B	44.81B	17.24B	17.03B	20.26B
Non Interest Expense, Total	260B	274B	252B	261B	274B
EBT, Excl. Unusual Items	296B	306B	307B	319B	324B
Restructuring Charges	-15M	-38M	-13M	-13M	-2M
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	296B	306B	307B	319B	324B
Income Tax Expense	53.94B	47.53B	37.6B	36.53B	31.69B
Earnings From Continuing Operations	242B	259B	270B	283B	292B
Net Income to Company	242B	259B	270B	283B	292B
Minority Interest	-753M	452M	-464M	-588M	-962M
Net Income - (IS)	241B	259B	269B	282B	291B
Preferred Dividend and Other Adjustments	13.8B	17.24B	16.06B	19.28B	17.08B
Net Income to Common Incl Extra Items	227B	242B	253B	263B	274B
Net Income to Common Excl. Extra Items	227B	242B	253B	263B	274B
Per Share Items
Net EPS - Basic	0.65	0.69	0.72	0.75	0.78
Basic EPS - Continuing Operations	0.65	0.69	0.72	0.75	0.78
Basic Weighted Average Shares Outstanding	350B	350B	350B	350B	350B
Net EPS - Diluted	0.65	0.69	0.72	0.75	0.78
Diluted EPS - Continuing Operations	0.65	0.69	0.72	0.75	0.78
Diluted Weighted Average Shares Outstanding	350B	350B	350B	350B	350B
Normalized Basic EPS	0.53	0.55	0.55	0.57	0.58
Normalized Diluted EPS	0.53	0.55	0.55	0.57	0.58
Dividend Per Share	0.21	0.22	0.23	0.24	0.25
Payout Ratio	32.58	33.83	35.55	35.48	43.05
American Depositary Receipts Ratio (ADR)	25	25	25	25	25
Supplemental Items
Effective Tax Rate - (Ratio)	18.23	15.52	12.23	11.44	9.79
Total Current Taxes	66.04B	55.39B	49.62B	35.92B	25.74B
Total Deferred Taxes	-12.1B	-7.87B	-12.02B	606M	5.94B
Normalized Net Income	184B	192B	192B	199B	201B
Non-Cash Pension Expense	15M	38M	13M	13M	2M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	190B	555B	709B	493B	729B
Investment Securities, Total	9,725B	11,510B	14,266B	15,884B	18,385B
Trading Asset Securities, Total	181B	187B	223B	242B	242B
Total investments	9,907B	11,697B	14,489B	16,126B	18,626B
Gross Loans	17,136B	19,723B	22,564B	24,856B	27,083B
Allowance For Loan Losses	-721B	-783B	-883B	-929B	-956B
Net Loans	16,415B	18,940B	21,681B	23,927B	26,126B
Gross Property Plant And Equipment	300B	309B	323B	331B	343B
Accumulated Depreciation	-136B	-145B	-155B	-165B	-175B
Net Property Plant And Equipment	163B	163B	168B	166B	167B
Goodwill	1.38B	1.38B	1.38B	1.38B	10.92B
Other Intangibles, Total	26.57B	27.87B	26.8B	26.84B	26.24B
Investment in Real Estate	2.02B	2.19B	2.21B	2.25B	2.52B
Accrued Interest Receivable	56.21B	63.47B	72.76B	81.08B	89.43B
Other Receivables	75.84B	72.97B	131B	248B	277B
Restricted Cash	1,973B	2,154B	2,359B	1,887B	2,359B
Other Current Assets, Total	96.5B	83.39B	54.36B	115B	205B
Deferred Tax Assets Long-Term (Collected)	143B	150B	161B	148B	150B
Other Real Estate Owned And Foreclosed	899M	1.08B	1.4B	1.21B	1.38B
Deferred Charges Long-Term	2.72B	3B	5.16B	5.48B	5.7B
Other Long-Term Assets, Total	15.57B	14.46B	10.75B	9.94B	8.27B
Total Assets	29,069B	33,928B	39,873B	43,238B	48,785B
Liabilities
Accrued Expenses, Total	173B	202B	235B	274B	305B
Interest Bearing Deposits	22,103B	25,497B	29,728B	31,945B	35,768B
Non-Interest Bearing Deposits	1,106B	1,683B	2,347B	2,481B	2,376B
Total Deposits	23,209B	27,181B	32,075B	34,426B	38,144B
Short-Term Borrowings	24.09B	1,112B	1,401B	1,672B	1,890B
Current Portion of Long-Term Debt	2,142B	1,581B	1,913B	1,812B	3,271B
Current Portion of Leases	-	-	-	-	3.93B
Long-Term Debt	436B	486B	620B	1,080B	1,080B
Long-Term Leases	10.07B	10.92B	11.7B	10.81B	6.57B
Current Income Taxes Payable	61.64B	47.72B	39.52B	5.76B	776M
Accrued Interest Payable	321B	399B	477B	547B	544B
Other Current Liabilities - (Bank / Utility Template)	188B	152B	134B	233B	224B
Pension & Other Post Retirement Benefits	2.47B	2.65B	2.47B	2.22B	2.05B
Deferred Tax Liability Non-Current	655M	9M	14M	309M	1.46B
Other Non Current Liabilities	81.66B	77.92B	68.11B	77.52B	67.36B
Total Liabilities	26,648B	31,253B	36,976B	40,141B	45,541B
Preferred Stock Convertible	79.9B	80B	80B	80B	80B
Total Preferred Equity	79.9B	80B	80B	80B	80B
Common Stock, Total	350B	350B	350B	350B	350B
Additional Paid In Capital	174B	-	-	-	-
Retained Earnings	1,498B	1,668B	1,844B	1,986B	2,174B
Comprehensive Income and Other	313B	571B	615B	675B	633B
Total Common Equity	2,335B	2,588B	2,809B	3,011B	3,157B
Minority Interest	6.75B	6.04B	7.62B	6.46B	6.19B
Total Equity	2,421B	2,674B	2,897B	3,097B	3,243B
Total Liabilities And Equity	29,069B	33,928B	39,873B	43,238B	48,785B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	350B	350B	350B	350B	350B
ECS Total Common Shares Outstanding	350B	350B	350B	350B	350B
Book Value / Share	5.87	6.37	6.88	7.4	7.91
Tangible Book Value	2,307B	2,559B	2,781B	2,983B	3,120B
Tangible Book Value Per Share	5.79	6.28	6.8	7.32	7.8
Average Assets	28,057B	31,728B	36,645B	41,917B	45,789B
Average Loans	16,397B	18,616B	21,348B	23,926B	26,164B
Total Debt	2,611B	3,190B	3,945B	4,575B	6,252B
Deposits at Interest - Cash	1,050B	1,638B	2,442B	1,779B	2,175B
Net Debt	580B	306B	-245B	1,613B	2,999B
Equity Method Investments, Total	8.3B	8.09B	8.39B	10.33B	19.82B
Full Time Employees	455K	452K	451K	455K	458K
Number Of Offices	22.82K	22.8K	22.86K	22.89K	23.14K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	241B	259B	269B	282B	291B
Depreciation, Depletion & Amortization	19.8B	21.38B	22.3B	23.71B	24.51B
Total Depreciation, Depletion & Amortization	19.8B	21.38B	22.3B	23.71B	24.51B
(Gain) Loss On Sale of Asset - (CF)	-921M	-797M	-1.02B	-694M	-670M
(Gain) Loss on Sale of Investments - (CF)	2.73B	-6.49B	-5.7B	-11.93B	-39.31B
Total Asset Writedown	114M	59M	226M	267M	18M
Provision for Credit Losses	166B	145B	136B	131B	127B
(Income) Loss On Equity Investments - (CF)	-409M	-66M	-189M	-72M	-1.14B
Change in Other Net Operating Assets (Collected)	-1,701B	-2,811B	-3,215B	-1,096B	-1,571B
Other Operating Activities	-201B	-257B	-274B	-326B	-311B
Cash from Operations	-1,473B	-2,650B	-3,068B	-998B	-1,480B
Capital Expenditure	-26.03B	-22.09B	-28.83B	-24.22B	-27.35B
Sale of Property, Plant, and Equipment	5.79B	5.86B	4.57B	7.06B	8.96B
Cash Acquisitions	-	-37M	-	-1M	-
Investment in Marketable and Equity Securities, Total	-558B	-1,302B	-1,607B	-2,584B	-2,465B
Other Investing Activities, Total	247B	267B	300B	358B	412B
Cash from Investing	-331B	-1,052B	-1,331B	-2,244B	-2,071B
Long-Term Debt Issued, Total	1,635B	2,036B	3,342B	3,603B	4,496B
Total Debt Issued	1,635B	2,036B	3,342B	3,603B	4,496B
Long-Term Debt Repaid, Total	-1,502B	-1,662B	-2,891B	-3,187B	-3,879B
Total Debt Repaid	-1,502B	-1,662B	-2,891B	-3,187B	-3,879B
Issuance of Common Stock	40B	80B	42B	140B	90B
Repurchase of Common Stock	-	-	-	-120B	-120B
Common Dividends Paid	-74.52B	-83.62B	-93.83B	-96.03B	-125B
Preferred Dividends Paid	-4.06B	-4.06B	-1.94B	-4.06B	-
Common & Preferred Stock Dividends Paid	-78.58B	-87.68B	-95.76B	-100B	-125B
Net Increase (Decrease) in Deposit Accounts - (CF)	1,713B	3,972B	4,894B	2,351B	3,593B
Other Financing Activities, Total	-40.53B	-68.1B	-89.88B	-110B	-108B
Cash from Financing	1,767B	4,270B	5,201B	2,577B	3,946B
Foreign Exchange Rate Adjustments	-12.77B	12.64B	5.58B	-1.25B	-1.97B
Net Change in Cash	-50.39B	581B	807B	-666B	393B
Supplemental Items
Cash Interest Paid	383B	458B	600B	665B	672B
Cash Income Tax Paid (Refund)	58.75B	69.32B	57.76B	69.07B	49.77B
Net Debt Issued / Repaid	133B	374B	451B	416B	616B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.86	0.82	0.73	0.68	0.63
Return On Equity %	10.45	10.15	9.69	9.43	9.21
Return on Common Equity	10.2	9.83	9.39	9.03	8.88
Shareholders Value Added	-26.38B	-36.22B	-54.47B	-67.11B	-79.04B
Margin Analysis
SG&A Margin	45.03	45.5	43.13	43.18	43.99
Net Interest Income / Total Revenues %	103.98	101.68	102.14	100.02	95.26
EBT Excl. Non-Recurring Items Margin %	53.23	52.78	54.92	54.98	54.13
Income From Continuing Operations Margin %	43.52	44.58	48.2	48.69	48.83
Net Income Margin %	43.39	44.66	48.12	48.59	48.67
Net Avail. For Common Margin %	40.91	41.69	45.25	45.27	45.82
Normalized Net Income Margin	33.13	33.07	34.24	34.26	33.67
Asset quality
Nonperforming Loans / Total Loans %	1.43	1.37	1.33	1.3	1.27
Nonperforming Loans / Total Assets %	0.85	0.8	0.75	0.74	0.7
Nonperforming Assets / Total Assets %	0.85	0.8	0.76	0.75	0.71
NPAs / Loans and OREO	1.44	1.38	1.34	1.3	1.27
NPAs / Equity	10.19	10.18	10.43	10.44	10.63
Allowance for Credit Losses / Net Charge-offs %	-	-	-	-	-
Allowance for Credit Losses / Nonperforming Loans %	293.17	288.81	293.54	288.42	278.49
Allowance for Credit Losses / Total Loans %	4.2	3.97	3.91	3.74	3.53
Net Charge-offs / Total Average Loans %	-	-	-	-	-
Provision for Loan Losses / Net Charge-offs %	-	-	-	-	-
Earning Assets / IBL	110.38	110.02	107.98	108.73	107.94
Interest Income / Average Assets	3.59	3.49	3.34	3.04	2.62
Interest Expense / Average Assets	1.53	1.63	1.78	1.66	1.38
Net Interest Income / Average Assets	2.06	1.86	1.56	1.39	1.24
Non Interest Income / Average Assets	0.51	0.43	0.34	0.31	0.34
Non Interest Expense / Average Asset	0.93	0.86	0.69	0.62	0.6
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.92	7.81	7.31	7	6.7
Total Average Equity / Total Average Assets %	8.23	8.09	7.55	7.21	6.89
Total Equity + Allowance for Loan Losses / Total Loans %	18.3	17.5	16.72	16.17	15.48
Gross Loans / Total Deposits %	73.83	72.56	70.35	72.2	71
Net Loans / Total Deposits %	70.73	69.68	67.6	69.5	68.49
Tier 1 Capital Ratio %	13.46	13.37	12.87	13.63	12.97
Total Capital Ratio %	17.13	17.2	17.14	18.19	17.93
Core Tier 1 Capital Ratio	11.44	11.15	10.72	11.42	11.08
Tier 2 Capital Ratio	3.67	3.83	4.27	4.56	4.96
Coverage Ratio	293.17	288.81	293.54	288.42	278.49
Interbank Ratio	77.1	81.2	82.34	43.8	32.77
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.69	1.59	1.47	1.46	1.51
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	6.04	2.07	-3.07	1.56	-1.91
Non Interest Income, 1 Yr. Growth %	25.83	-5.72	17.38	5.66	18.98
Provision For Loan Losses, 1 Yr. Growth %	0.72	-12.43	-6.58	-3.59	-2.79
Total Revenues, 1 Yr. Growth %	12.38	4.38	1.77	3.72	2.99
Earnings From Cont. Operations, 1 Yr. Growth %	11.8	6.92	4.23	4.76	3.3
Net Income, 1 Yr. Growth %	11.7	7.45	3.91	4.72	3.18
Normalized Net Income, 1 Yr. Growth %	11.5	4.17	-0.13	3.78	1.22
Diluted EPS Before Extra, 1 Yr. Growth %	10.17	6.2	4.35	4.17	4
Dividend Per Share, 1 Yr. Growth %	11.72	7.45	3.92	4.76	3.14
Gross Loans, 1 Yr. Growth %	13.21	15.1	14.42	10.16	8.96
Allowance For Loan Losses, 1 Yr. Growth %	16.6	8.64	12.77	5.25	2.94
Net Loans, 1 Yr. Growth %	13.07	15.38	14.49	10.36	9.19
Non Performing Loans, 1 Yr. Growth %	3.66	10.29	10.96	7.12	6.61
Non Performing Assets, 1 Yr. Growth %	3.72	10.32	11.03	7.02	6.64
Total Assets, 1 Yr. Growth %	6.85	16.71	17.53	8.44	12.83
Total Deposits, 1 Yr Growth %	7.97	17.11	18	7.33	10.8
Tangible Book Value, 1 Yr. Growth %	9.84	10.95	8.63	7.25	4.61
Average Interest Earning Assets, 1 Yr. Growth %	9.69	13.86	15.58	14.2	9.05
Average Interest Bearing Liabilities, 1 Yr. Growth %	9.54	14.23	17.76	13.41	9.84
Common Equity, 1 Yr. Growth %	9.87	10.87	8.55	7.17	4.86
Total Equity, 1 Yr. Growth %	9.53	10.45	8.34	6.92	4.72
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	7.42	4.04	-0.54	-0.78	-0.19
Non Interest Income, 2 Yr. CAGR %	5.78	8.92	-7.23	11.37	12.12
Provision For Loan Losses, 2 Yr. CAGR %	9.4	-6.08	-9.55	-5.1	-3.19
Total Revenues, 2 Yr. CAGR %	6.43	8.31	0.35	2.74	3.35
Earnings From Cont. Operations, 2 Yr. CAGR %	6.6	9.34	5.61	4.5	4.03
Net Income, 2 Yr. CAGR %	6.64	9.55	5.68	4.31	3.95
Normalized Net Income, 2 Yr. CAGR %	5.39	7.77	2.02	1.81	2.49
Diluted EPS Before Extra, 2 Yr. CAGR %	4.94	8.17	5.27	4.26	4.08
Dividend Per Share, 2 Yr. CAGR %	6.62	9.56	5.67	4.34	3.95
Gross Loans, 2 Yr. CAGR %	13.38	14.15	14.75	12.27	9.56
Allowance For Loan Losses, 2 Yr. CAGR %	15.45	12.55	10.69	8.95	4.09
Net Loans, 2 Yr. CAGR %	13.29	14.22	14.93	12.4	9.77
Non Performing Loans, 2 Yr. CAGR %	14.58	6.92	10.62	9.02	6.86
Non Performing Assets, 2 Yr. CAGR %	14.61	6.97	10.68	9.01	6.83
Total Assets, 2 Yr. CAGR %	8.1	11.67	17.12	12.89	10.61
Total Deposits, 2 Yr CAGR %	7.41	12.45	17.56	12.54	9.05
Tangible Book Value, 2 Yr. CAGR %	11.85	10.39	9.8	7.93	5.92
Average Interest Earning Assets, 2 Yr. CAGR %	10.12	11.75	14.71	14.89	11.6
Average Interest Bearing Liabilities, 2 Yr. CAGR %	9.09	11.86	15.98	15.57	11.61
Common Equity, 2 Yr. CAGR %	11.78	10.37	9.7	7.86	6.01
Total Equity, 2 Yr. CAGR %	11.32	9.99	9.38	7.63	5.81
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	6.55	5.61	1.61	0.16	-1.16
Non Interest Income, 3 Yr. CAGR %	4.83	1.8	2.69	-3.12	13.85
Provision For Loan Losses, 3 Yr. CAGR %	6.68	1.58	-6.25	-7.61	-4.33
Total Revenues, 3 Yr. CAGR %	6.06	5.74	4.21	1.46	2.82
Earnings From Cont. Operations, 3 Yr. CAGR %	6.09	6.7	7.63	5.32	4.1
Net Income, 3 Yr. CAGR %	5.95	6.91	7.65	5.36	3.93
Normalized Net Income, 3 Yr. CAGR %	5.33	4.98	5.08	2.6	1.61
Diluted EPS Before Extra, 3 Yr. CAGR %	3.42	5.36	6.88	4.9	4.17
Dividend Per Share, 3 Yr. CAGR %	5.95	6.9	7.65	5.36	3.94
Gross Loans, 3 Yr. CAGR %	12.88	13.95	14.24	13.2	11.15
Allowance For Loan Losses, 3 Yr. CAGR %	14.57	13.14	12.62	8.84	6.91
Net Loans, 3 Yr. CAGR %	12.81	13.98	14.3	13.38	11.32
Non Performing Loans, 3 Yr. CAGR %	8.96	13.13	8.25	9.44	8.21
Non Performing Assets, 3 Yr. CAGR %	8.96	13.16	8.31	9.44	8.21
Total Assets, 3 Yr. CAGR %	8.74	10.9	13.59	14.15	12.87
Total Deposits, 3 Yr CAGR %	8.31	10.55	14.27	14.04	11.96
Tangible Book Value, 3 Yr. CAGR %	13.79	11.54	9.82	8.94	6.81
Average Interest Earning Assets, 3 Yr. CAGR %	9.86	11.35	13.01	14.54	12.91
Average Interest Bearing Liabilities, 3 Yr. CAGR %	9.18	10.77	13.79	15.12	13.63
Common Equity, 3 Yr. CAGR %	13.65	11.48	9.75	8.85	6.85
Total Equity, 3 Yr. CAGR %	13.08	11.03	9.43	8.55	6.65
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	7.74	5.95	3.66	3	0.88
Non Interest Income, 5 Yr. CAGR %	5.12	6.06	-0.17	0.35	6.36
Provision For Loan Losses, 5 Yr. CAGR %	13.92	8.18	-0.14	-1.15	-5.04
Total Revenues, 5 Yr. CAGR %	5.58	5.46	3.74	3.42	3.87
Earnings From Cont. Operations, 5 Yr. CAGR %	5.62	6.02	5.89	5.83	6.18
Net Income, 5 Yr. CAGR %	5.57	6.07	5.84	5.87	6.15
Normalized Net Income, 5 Yr. CAGR %	5.43	5.1	3.99	3.71	4.04
Diluted EPS Before Extra, 5 Yr. CAGR %	3.39	3.54	4.16	4.92	5.75
Dividend Per Share, 5 Yr. CAGR %	4	4.5	5.83	5.87	6.15
Gross Loans, 5 Yr. CAGR %	12.01	12.97	13.63	13.27	12.34
Allowance For Loan Losses, 5 Yr. CAGR %	12.48	14.13	13	11.44	9.13
Net Loans, 5 Yr. CAGR %	11.99	12.92	13.65	13.35	12.47
Non Performing Loans, 5 Yr. CAGR %	1.26	6.92	9.62	11.47	7.69
Non Performing Assets, 5 Yr. CAGR %	1.17	6.71	9.65	11.48	7.71
Total Assets, 5 Yr. CAGR %	8.24	10.01	12.02	11.69	12.39
Total Deposits, 5 Yr CAGR %	7.46	9.62	11.92	11.34	12.15
Tangible Book Value, 5 Yr. CAGR %	13.74	14.15	12.18	10.1	8.24
Average Interest Earning Assets, 5 Yr. CAGR %	9.02	9.87	11.78	12.75	12.44
Average Interest Bearing Liabilities, 5 Yr. CAGR %	8.92	9.67	11.85	12.67	12.92
Common Equity, 5 Yr. CAGR %	13.52	13.96	12.05	10.01	8.24
Total Equity, 5 Yr. CAGR %	12.87	13.35	11.58	9.65	7.97