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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Industrial and Commercial Bank of China Limited    601398   CNE000001P37

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

(601398)
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ICBC Third-Quarter Net Profit Fell

10/30/2020 | 05:13am EST

Industrial & Commercial Bank of China Ltd.'s net profit for the third quarter fell as higher operating income was offset by an increase in impairment losses.

China's largest lender by assets said Friday that net profit was 79.885 billion yuan ($11.90 billion), compared with CNY83.78 billion in the same period last year.

Net interest income rose 1.6% to CNY156.27 billion, while operating income increased 3.9% to CNY197.90 billion. Impairment losses on assets rose to CNY54.27 billion from CNY38.58 billion a year ago.

The bank said its nonperforming-loan ratio rose to 1.55% at the end of September from 1.50% at the end of June and 1.43% at the end of December.

Write to Singapore Editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

10-30-20 0612ET

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LIMITED 0.74% 2.73 End-of-day quote.3.02%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 2.58% 5.16 End-of-day quote.2.58%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 1.38% 5.15 End-of-day quote.3.21%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.06% 6.4844 Delayed Quote.-0.48%
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Financials
Sales 2020 802 B 124 B 124 B
Net income 2020 285 B 43 958 M 43 958 M
Net Debt 2020 - - -
P/E ratio 2020 5,38x
Yield 2020 5,67%
Capitalization 1 763 B 272 B 272 B
Capi. / Sales 2020 2,20x
Capi. / Sales 2021 2,04x
Nbr of Employees 445 106
Free-Float 67,1%
Chart INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED
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Industrial and Commercial Bank of China Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 5,17 CNY
Last Close Price 4,31 CNY
Spread / Highest target 58,4%
Spread / Average Target 19,9%
Spread / Lowest Target -3,93%
EPS Revisions
Managers and Directors
NameTitle
Si Qing Chen Chairman & President
Guo Zhong Yang Chairman-Supervisory Board
Wen Wu Zhang Senior Executive VP, GM-Finance & Accounting
Wei Zhang Member-Supervisory Board
Anthony Francis Neoh Independent Non-Executive Director