Financials Industrial and Commercial Bank of China Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:35 2025-07-18 am EDT			5-day change	1st Jan Change
6.190 ^HKD	+0.81%		-0.32%	+18.81%

Jul. 14	ICBC Sells 50 Billion Yuan Bonds	MT
Jul. 14	Industrial and Commercial Bank of China Limited Announces Completion of the Issuance of 2025 Tier 2 Capital Notes	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	882,665	860,880	841,441	806,458	786,126	790,033	820,371	846,996
Change	-	-2.47%	-2.26%	-4.16%	-2.52%	0.5%	3.84%	3.25%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	391,382	624,653	600,557	567,760	543,971	544,110	566,242	594,749
Change	-	59.6%	-3.86%	-5.46%	-4.19%	0.03%	4.07%	5.03%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	392,126	424,899	422,565	421,966	421,827	420,990	431,689	444,634
Change	-	8.36%	-0.55%	-0.14%	-0.03%	-0.2%	2.54%	3%
Net income ¹	315,906	338,731	360,483	363,993	365,863	361,264	370,012	382,616
Change	-	7.23%	6.42%	0.97%	0.51%	-1.26%	2.42%	3.41%
Announcement Date	3/26/21	3/30/22	3/30/23	3/27/24	3/28/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q2	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	196,159	197,901	216,972	151,258	212,286	217,489	216,985	216,930	190,322	210,445	194,614	182,938	210,165	191,834	197,108	187,019	204,688	193,106	186,346	172,893
Change	-	0.89%	9.64%	-30.29%	40.35%	2.45%	-0.23%	-0.03%	-12.27%	10.57%	-7.52%	-6%	14.88%	-8.72%	2.75%	-5.12%	9.45%	-5.66%	-3.5%	-7.22%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	148,213	-	130,398	170,663	160,752	-	130,651	159,415	112,308	153,019	134,997	109,236	161,580	-	137,221	109,959	155,357	138,664	130,165	102,118
Change	-	-	-	30.88%	-5.81%	-	-	22.02%	-29.55%	36.25%	-11.78%	-19.08%	47.92%	-	-	-19.87%	41.29%	-10.74%	-6.13%	-21.55%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	82,231	-	-	-	99,650	-	-	-	100,388	97,069	110,590	107,721	102,455	-	111,218	-	99,610	-	-	-
Change	-	-	-	-	-	-	-	-	-	-3.31%	13.93%	-2.59%	-4.89%	-	-	-	-	-	-	-
Net income	-	79,885	-	85,730	77,743	-	-	-	94,661	83,580	94,929	95,320	87,653	82,814	98,558	-	84,156	-	-	-
Change	-	-	-	-	-9.32%	-	-	-	-	-11.71%	13.58%	0.41%	-8.04%	-5.52%	19.01%	-	-	-	-	-
Announcement Date	8/30/20	10/30/20	3/26/21	4/29/21	8/27/21	10/29/21	3/30/22	8/30/22	3/30/23	8/30/23	10/27/23	3/27/24	4/29/24	8/30/24	10/30/24	3/28/25	4/29/25	-	-	-

¹CNY in Million

Estimates

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	3/26/21	3/30/22	3/30/23	3/27/24	3/28/25	-	-	-

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	34,159	38,005	27,584	23,128	31,201	43,297
Change	-	11.26%	-27.42%	-16.15%	34.91%	38.77%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/27/20	4/23/21	4/27/22	4/26/23	4/26/24	3/28/25

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	44.34%	72.56%	71.37%	70.4%	69.2%	68.87%	69.02%	70.22%
EBT Margin (%)	-	44.43%	49.36%	50.22%	52.32%	53.66%	53.29%	52.62%	52.5%
Net margin (%)	-	35.79%	39.35%	42.84%	45.13%	46.54%	45.73%	45.1%	45.17%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	1%	1.02%	0.97%	0.87%	0.98%	0.72%	0.68%	0.66%
ROE	-	11.95%	12.15%	11.43%	10.66%	9.88%	9.26%	8.87%	8.59%
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	-	0.2628	0.2933	0.3035	0.3064	0.308	0.3078	0.3123	0.3225
Change	-	-	11.61%	3.48%	0.96%	0.52%	-0.06%	1.44%	3.29%
Book Value Per Share ¹	-	7.48	8.15	8.81	9.55	10.23	10.99	11.74	12.52
Change	-	-	8.96%	8.1%	8.4%	7.12%	7.46%	6.76%	6.64%
EPS ¹	-	0.86	0.95	0.97	0.98	0.98	0.9875	1.013	1.052
Change	-	-	10.47%	2.11%	1.03%	0%	0.77%	2.63%	3.8%
Nbr of stocks (in thousands)	-	356,406,257	356,406,257	356,406,257	356,406,257	356,406,257	356,406,257	356,406,257	356,406,257
Announcement Date	-	3/26/21	3/30/22	3/30/23	3/27/24	3/28/25	-	-	-