Business description: Industrial and Commercial Bank of China Limited

Industrial and Commercial Bank of China Ltd is a China-based company principally engaged in banking and related financial services. The Company operates its businesses through four segments. The Corporate Banking segment mainly includes the provision of financial products and services to corporations, government agencies and financial institutions. The Personal Banking segment mainly includes the provision of financial products and services to individual customers. The Treasury Operations segment mainly includes the money market transactions, investment securities, foreign exchange transactions and the holding of derivative positions for its own accounts or on behalf of customers. The Other segment mainly includes the assets, liabilities, income and expenses that are not directly attributable or cannot be allocated to a segment on a reasonable basis. The Company mainly operates its businesses in the domestic and overseas markets.

Number of employees: 415,159

Sales by Activity: Industrial and Commercial Bank of China Limited

Fiscal Period: December 2020 (CNY) 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY)

Corporate Banking

233B - 263B 285B 343B

Personal Banking

278B 317B 321B 271B 223B

Treasury Operations

82.93B 102B 69.55B 93.05B 91.21B

Others

3.89B 3.82B 5.01B 6.28B 2.47B

Corporate

- 235B - - -

Geographical breakdown of sales: Industrial and Commercial Bank of China Limited

Fiscal Period: December 2020 (CNY) 2021 (CNY) 2022 (CNY) 2023 (CNY) 2024 (CNY)

Bohai Rim

109B 102B 133B 143B 142B

Yangtze River Delta

106B 119B 135B 133B 119B

Western China

102B 104B 101B 110B 94.36B

Central China

72.48B 80.32B 94.18B 91.88B 83.13B

Pearl River Delta

90.72B 85.75B 86.48B 87.28B 70.72B

Overseas and Other

46.04B 63.33B 55.02B 56.02B 66.99B

Head Office

56.52B 90.41B 30.62B 10.35B 58.99B

Northeastern China

14.72B 14.18B 24.93B 24.45B 24.6B

Eliminations

-100M -69M -68M -58M -33M

Executive Committee: Industrial and Commercial Bank of China Limited

Manager TitleAgeSince
President 54 2024-04-30
Corporate Officer/Principal 59 2021-09-23
Corporate Officer/Principal 58 2023-11-30
Corporate Secretary - 2024-08-06
Corporate Officer/Principal 49 2017-12-31

Composition of the Board of Directors: Industrial and Commercial Bank of China Limited

Director TitleAgeSince
Director/Board Member 62 2016-05-31
Director/Board Member 55 2019-12-31
Chairman 60 2024-01-31
Director/Board Member 59 2021-07-07
Director/Board Member 60 2021-12-31
Director/Board Member 61 2021-11-24
Director/Board Member 71 2022-08-31
Director/Board Member 60 2022-06-22
Director/Board Member 72 2024-07-31
Director/Board Member 72 2023-11-29

Shareholders: Industrial and Commercial Bank of China Limited

NameEquities%Valuation
China Investment Corp. (Investment Company)
46.37 %
125,018,582,640 46.37 % 130 B ¥
Government of China
41.16 %
110,984,806,678 41.16 % 116 B ¥
National Council For Social Security Fund (Investment Company)
4.574 %
12,331,645,186 4.574 % 12 867 M ¥
China Securities Finance Corp. Ltd.
0.8962 %
2,416,131,540 0.8962 % 2 521 M ¥
China Asset Management Co., Ltd.
0.3958 %
1,067,172,939 0.3958 % 1 113 M ¥
NameEquities%Valuation
18.09 %
15,699,282,449 18.09 % 13 046 M ¥
National Council for Social Security Fund
7.994 %
6,938,013,180 7.994 % 5 766 M ¥
Temasek Holdings Pte Ltd. (Investment Management)
4.961 %
4,305,419,305 4.961 % 3 578 M ¥
BlackRock Fund Advisors
2.957 %
2,566,744,375 2.957 % 2 133 M ¥
BlackRock Advisors (UK) Ltd.
1.086 %
942,928,251 1.086 % 784 M ¥
NameEquities%Valuation
RhumbLine Advisers LP
0.001498 %
65,019 0.001498 % 1 M ¥
Generali Investments CEE Investicni Spolecnost AS
0.001269 %
55,056 0.001269 % 915 031 ¥
Andbank Wealth Management SGIIC SAU
0.00001 %
416 0.00001 % 6 914 ¥
PNC Wealth Management LLC
0.000008 %
333 0.000008 % 5 534 ¥
IMA Advisory Services, Inc.
0.000001 %
25 0.000001 % 416 ¥

Holdings: Industrial and Commercial Bank of China Limited

NameEquities%Valuation
325,148,539 19.75% 6 057 M $
406,276,871 7.48% 1 917 M $
77,840,434 6.25% 441 M $
798,428,227 92.84% 263 M $
1,960,784,313 5.54% 221 M $
532,953,600 21.28% 214 M $
198,294,615 2.75% 146 M $
171,232,876 5.41% 113 M $
78,332,468 7.24% 97 M $
137,847,870 2.84% 73 M $

Company details: Industrial and Commercial Bank of China Limited

Industrial & Commercial Bank of China Ltd.

No. 55 Fuxingmennei Avenue

100140, Beijing

+86 10 6610 8608

http://icbclondon.com
address Industrial and Commercial Bank of China Limited(601398)

Group companies: Industrial and Commercial Bank of China Limited

NameCategory and Sector
Major Banks
Major Banks

Other Banks

Change 5d. change 1-year change 3-years change Capi.($)
-0.03%-6.16%+9.39%+110.40% 816B
+0.06%-7.04%+11.90%+47.78% 379B
-2.21%-5.15%+42.42%+102.29% 289B
+0.13%-1.49%+19.16%+61.13% 271B
+0.80%-7.44%+8.75%+81.32% 269B
+0.21%-0.75%+36.94%+66.57% 237B
0.00%-1.06%+8.14%+58.70% 233B
-3.00%-1.57%+46.83%+196.71% 222B
+0.54%+10.71%+7.30%+74.39% 208B
Average -0.42%-1.58%+21.20%+88.81% 325.08B
Weighted average by Cap. -0.33%-3.01%+18.66%+90.55%
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
5.665CNY
Average target price
6.505CNY
Spread / Average Target
+14.84%

Quarterly revenue - Rate of surprise

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