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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Agricultural Bank of China Limited    1288   CNE100000Q43

AGRICULTURAL BANK OF CHINA LIMITED

(1288)
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Agricultural Bank of China : THE THIRD QUARTERLY REPORT OF 20202020-10-30

10/30/2020 | 04:45am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

AGRICULTURAL BANK OF CHINA LIMITED

中 國 農 業 銀 行 股 份 有 限 公 司

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1288)

THE THIRD QUARTERLY REPORT OF 2020

The board of directors (the "Board of Directors") of Agricultural Bank of China Limited (the "Bank") is pleased to announce the unaudited results of the Bank and its subsidiaries (collectively the "Group") for the third quarter ended 30 September 2020, prepared under International Financial Reporting Standards ("IFRSs"). This announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) and Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

§1 CORPORATE INFORMATION

1.1 Basic corporate information

Stock exchange on which

Shanghai Stock Exchange

  A Shares are listed

農業銀行

Stock name

Stock code

601288

Stock exchange on which

The Stock Exchange of Hong Kong Limited

  H Shares are listed

Stock name

ABC

Stock code

1288

Trading exchange and platform

The Integrated Business Platform of Shanghai Stock

of preference shares

Exchange

Stock name

農行優1, 農行優2

Stock code

360001, 360009

Contact details of

Address: No. 69, Jianguomen Nei Avenue,

Secretary to

Dongcheng District, Beijing, PRC (Postal code: 100005)

  the Board of Directors

Tel: 86-10-85109619 (Investors enquiry)

Fax: 86-10-85126571

E-mail: ir@abchina.com

1

1.2 Major financial data

Financial data and indicators recorded in this quarterly financial report are data of the Group prepared in accordance with the IFRSs and denominated in Renminbi ("RMB"), unless otherwise stated.

1.2.1 Major financial data and financial indicators

In millions of RMB, unless otherwise stated

Change as

compared to

30 September

31 December

the end of

2020

2019

2019 (%)

Total assets

27,296,753

24,878,288

9.72

Loans and advances to customers, net

14,356,921

12,819,610

11.99

Deposits with banks and other financial institutions

522,611

235,742

121.69

Placements with and loans to banks and

470,796

523,183

-10.01

other financial institutions

Financial investments

8,052,148

7,422,930

8.48

Total liabilities

25,132,374

22,918,526

9.66

Deposits from customers

20,780,341

18,849,155

10.25

Deposits from banks and other financial institutions

1,341,814

1,503,909

-10.78

Placements from banks and

358,917

325,363

10.31

other financial institutions

Equity attributable to equity holders of the Bank

2,153,348

1,948,355

10.52

Net assets per share (in RMB Yuan)

5.24

5.00

4.80

2

In millions of RMB, unless otherwise stated

Three months

Nine months

ended

Change as

ended

Change as

30 September

compared to

30 September

compared to

2020

the same

2020

the same

(July-

period of

(January-

period of

September)

2019 (%)

September)

2019 (%)

Operating income

159,437

4.94

499,211

4.79

Net profit

56,721

-4.54

165,911

-8.7

Net profit attributable to equity holders of the Bank

56,501

-4.60

165,335

-8.49

Net cash flow from operating activities

N/A

N/A

(289,805)

-383.74

Basic earnings per share (in RMB Yuan)

0.15

-11.76

0.45

-11.76

Diluted earnings per share (in RMB Yuan)

0.15

-11.76

0.45

-11.76

Return on weighted average net assets (annualized, %)1

12.12

Decreased by

11.81

Decreased by

1.99

2.54

percentage

percentage

points

points

Note: 1. Calculated in accordance with the Rules for the Compilation and Submission of Information Disclosure by Companies that Offer Securities to the Public No. 9 - Computation and Disclosure of Return on Net Assets and Earnings per Share (2010 Revision) issued by the China Securities Regulatory Commission (the "CSRC") and International Accounting Standard 33 - Earnings per share.

1.2.2 Differences between the financial statements prepared under IFRSs and Generally Accepted Accounting Principles of the People's Republic of China ("PRC GAAP")

There are no differences between the net profit or shareholders' equity for the reporting period in the consolidated financial statements of the Group prepared under IFRSs and PRC GAAP.

3

1.3 Particulars of shareholding of ordinary shares at the end of the reporting period

At the end of the reporting period, the Bank had 473,772 holders of ordinary shares in total, including 22,323 holders of H Shares and 451,449 holders of A Shares.

Particulars of shareholding of the top 10 holders of ordinary shares (based on the registers of shareholders as at 30 September 2020)

Unit: Share

Number of

Number of

shares subject

pledged or

Nature of

Shareholding

Total number of

to restrictions

locked-up

Name of shareholders

shareholder

Type of shares

percentage (%)

shares held

on sales

shares

Central Huijin Investment Ltd.

State-owned

A Shares

40.03

140,087,446,351

10,082,342,569

None

Ministry of Finance of the PRC

State-owned

A Shares

35.29

123,515,185,240

9,877,329,974

None

(the "MOF")

HKSCC Nominees Limited

Overseas

H Shares

8.73

30,556,964,066

-

Unknown

legal entity

National Council for

State-owned

A Shares

6.72

23,520,968,297

-

None

  Social Security Fund of

  the PRC (the "SSF")

China Life Insurance Company

Others

A Shares

0.81

2,849,966,632

-

None

  Limited - Traditional -

  General insurance products -

  005L - CT001 Hu

China Life Insurance Company

Others

A Shares

0.74

2,577,831,184

-

None

Limited - Dividend

distribution - Individual

  dividend - 005L - FH002 Hu

China National Tobacco

State-owned

A Shares

0.72

2,518,891,687

2,518,891,687

None

Corporation

legal entity

China Securities Finance

State-owned

A Shares

0.53

1,842,751,186

-

None

Corporation Limited

legal entity

Hong Kong Securities Clearing

Overseas

A Shares

0.38

1,320,825,001

-

None

Company Limited

legal entity

Shanghai Haiyan Investment

State-owned

A Shares

0.36

1,259,445,843

1,259,445,843

None

Management Company Limited

legal entity

Notes: 1. The total number of shares held by HKSCC Nominees Limited represents the number of H Shares held by it in aggregate as the nominee on behalf of all institutional and individual investors registered with it as at 30 September 2020.

2. The number of shares held by Hong Kong Securities Clearing Company Limited represents the number of A Shares (northbound shares of Shanghai-Hong Kong Stock Connect) held by it as a nominee designated by and on behalf of investors from Hong Kong and overseas.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Agricultural Bank of China Ltd. published this content on 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2020 09:44:10 UTC


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Sales 2020 659 B 102 B 102 B
Net income 2020 197 B 30 352 M 30 352 M
Net Debt 2020 - - -
P/E ratio 2020 4,52x
Yield 2020 6,84%
Capitalization 1 099 B 170 B 170 B
Capi. / Sales 2020 1,67x
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