Financials China Construction Bank Corporation

Equities

Market Closed - Hong Kong S.E. Other stock markets 03:08:13 2024-12-04 am EST			5-day change	1st Jan Change
6.090 ^HKD	+1.00%		+4.28%	+30.97%

01:39pm	China's Systemically Important Banks Poised to Meet Capital Requirements, Fitch Says	MT
Dec. 03	China Feihe's Unit Invests 400 Million Yuan in China Construction Bank's Financial Product	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	705,629	755,858	764,706	758,155	745,615	745,792	759,096	804,591
Change	-	7.12%	1.17%	-0.86%	-1.65%	0.02%	1.78%	5.99%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	326,954	337,246	545,524	537,035	525,463	520,473	533,929	571,376
Change	-	3.15%	61.76%	-1.56%	-2.15%	-0.95%	2.59%	7.01%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	326,597	336,616	378,412	382,017	389,377	389,820	398,664	417,291
Change	-	3.07%	12.42%	0.95%	1.93%	0.11%	2.27%	4.67%
Net income ¹	266,733	271,050	302,513	319,323	327,543	331,642	338,274	353,936
Change	-	1.62%	11.61%	5.56%	2.57%	1.25%	2%	4.63%
Announcement Date	3/29/20	3/26/21	3/29/22	3/29/23	3/28/24	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q2	2021 Q3	2021 Q4	2022 Q2	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	165,994	209,395	173,519	176,030	184,423	185,557	191,632	192,167	192,495	181,190	187,207	182,471	174,989	195,284	179,547	177,516	170,576
Change	-	26.15%	-17.13%	1.45%	4.77%	0.61%	3.27%	0.28%	0.17%	-5.87%	3.32%	-2.53%	-4.1%	11.6%	-8.06%	-1.13%	-3.91%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	101,714	-	-	-	-	84,052	142,308	-	145,751	101,931	136,761	132,087	101,208	150,499	129,944	126,691	98,404
Change	-	-100%	-	-	-	-	69.31%	-100%	-	-30.06%	34.17%	-3.42%	-23.38%	48.7%	-13.66%	-2.5%	-22.33%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	48,473	-	-	-	-	-	-	-	-	88,909	92,559	103,436	-	102,307	-	104,626	-
Change	-	-100%	-	-	-	-	-	-	-	-	4.11%	11.75%	-100%	-	-100%	-	-100%
Net income	41,389	-	-	68,206	-	-	-	-	-	72,041	78,148	88,110	-	86,817	-	91,450	-
Change	-	-100%	-	-	-100%	-	-	-	-	-	8.48%	12.75%	-100%	-	-100%	-	-100%
Announcement Date	3/29/20	4/28/20	8/30/20	10/29/20	3/26/21	8/27/21	10/29/21	3/29/22	8/30/22	3/29/23	8/23/23	10/26/23	3/28/24	4/29/24	8/30/24	10/30/24	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 S1	2022 S1	2023 S1
Net sales ¹	359,924	394,434	388,155
Change	-	9.59%	-1.59%
EBITDA	-	-	-
Change	-	-	-
EBIT ¹	280,339	303,454	292,632
Change	-	8.25%	-3.57%
Charge d'intérêts	-	-	-
Earnings before Tax (EBT) ¹	168,773	-	197,264
Change	-	-100%	-
Net income ¹	137,626	-	167,295
Change	-	-100%	-
Announcement Date	8/30/20	8/30/22	8/23/23

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	3/29/20	3/26/21	3/29/22	3/29/23	3/28/24	-	-	-

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023
CAPEX ¹	20,783	23,234	25,743	21,235	23,751	25,093
Change	-	11.79%	10.8%	-17.51%	11.85%	5.65%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/27/19	3/29/20	3/27/21	3/29/22	3/29/23	3/28/24

¹CNY in Million

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	46.34%	44.62%	71.34%	70.83%	70.47%	69.79%	70.34%	71.01%
EBT Margin (%)	-	46.28%	44.53%	49.48%	50.39%	52.22%	52.27%	52.52%	51.86%
Net margin (%)	-	37.8%	35.86%	39.56%	42.12%	43.93%	44.47%	44.56%	43.99%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	1.1%	1.01%	1.04%	1%	0.91%	0.82%	0.79%	0.75%
ROE	-	13.18%	12.12%	12.22%	12.27%	11.56%	10.71%	10.1%	9.75%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.32	0.326	0.364	0.389	0.4	0.3987	0.4069	0.4227
Change	-	-	1.88%	11.66%	6.87%	2.83%	-0.32%	2.06%	3.88%
Book Value Per Share ¹	-	8.865	9.06	9.95	10.87	11.8	12.85	13.8	14.79
Change	-	-	2.2%	9.82%	9.25%	8.56%	8.88%	7.38%	7.23%
EPS ¹	-	1.05	1.06	1.19	1.28	1.31	1.316	1.34	1.405
Change	-	-	0.95%	12.26%	7.56%	2.34%	0.49%	1.82%	4.82%
Nbr of stocks (in thousands)	-	250,010,977	250,010,977	250,010,977	250,010,977	250,010,977	250,010,977	250,010,977	250,010,977
Announcement Date	-	3/29/20	3/26/21	3/29/22	3/29/23	3/28/24	-	-	-