Agricultural Bank of China Company Overview and Financials

The Agricultural Bank of China is one of the largest banks in the world, with a rich history dating back to 1954. It was founded by the People's Government of Hebei Province.

The bank's mission is to serve rural areas and provide financial services to agricultural and rural communities. This focus has helped the bank grow its customer base and assets over the years.

The bank is headquartered in Beijing and has over 24,000 branches across the country, making it one of the largest bank networks in the world. Its extensive reach has enabled it to serve a vast number of customers, both individuals and businesses.

The Agricultural Bank of China has a strong presence in the Chinese market, with a significant market share in the country's banking sector.

The Financial Performance of Agricultural Bank of China is a vital aspect of understanding the company's overall health.

The bank has a significant presence in the stock market, with a notable listing under the ticker symbols 1288 Stock and 601288 Stock.

These stock market listings indicate the bank's accessibility to investors and its visibility in the global financial landscape.

Here's a breakdown of the bank's stock market listings:

The bank's company name is Agricultural Bank of China Limited, a name that reflects its focus on agricultural and rural development.

In 2010, Agricultural Bank of China (ABC) made history with the world's biggest initial public offering (IPO), surpassing the one set by Industrial and Commercial Bank of China in 2006 of US$21.9 billion.

The IPO was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, with A shares and H shares priced between 2.7RMB and 3.3RMB per share, and HK$2.88 and HK$3.48 per share respectively.

The final share price for the IPO launch was issued on 7 July 2010, and the IPO was completed in August 2010, raising a total of $22.1 billion after both Shanghai and Hong Kong's over-allotments were fully exercised.

ABC raised US$19.21 billion in an IPO in Hong Kong and Shanghai on 6 July 2010, before overallotment options were exercised.

The IPO was led by CICC, Goldman Sachs, and Morgan Stanley in Hong Kong, and CICC, CITIC Securities, Galaxy, and Guotai Junan Securities in Shanghai.

Eleven cornerstone investors were selected for its Hong Kong share offering, including Qatar Investment Authority and Kuwait Investment Authority, taking a combined $5.45 billion worth of shares.

ABC sold about 40% of the Shanghai offering to 27 strategic investors, including China Life Insurance and China State Construction, who were subject to lock-up periods of 12–18 months.

Valuation is a crucial aspect of assessing a company's financial performance. The Agricultural Bank of China Limited's valuation metrics are quite impressive, with a market capitalization of 37,941B.

The bank's Enterprise Value (EV) is also substantial, ranging from 1,820B to 21,729B. This indicates a significant investment potential. EV is calculated by adding debt and cash to the market capitalization.

The Price-to-Earnings (P/E) ratio is a key metric for evaluating a company's stock performance. In 2024, the P/E ratio for Agricultural Bank of China Limited is 5.69x, while in 2025, it's expected to be 5.53x. This indicates a slight decrease in the stock's value over time.

Here's a summary of the bank's valuation metrics:

The bank's free-float is 22.91%, indicating that a significant portion of the shares are available for trading. This can impact the stock's liquidity and price volatility.

The Income Statement and Estimates section is a crucial part of any company's financial performance analysis. It provides a snapshot of a company's revenue and expenses over a specific period.

The Agricultural Bank of China Limited has a stock market listing under the ticker symbols 1288 Stock and 601288 Stock. This information is essential for investors and analysts who want to track the company's performance.

Here are the key areas to focus on in the Income Statement and Estimates section:

By examining the Income Statement and Estimates section, you can gain a deeper understanding of a company's financial health and make more informed investment decisions.

The Agricultural Bank of China is a massive player in the financial world, ranking 29th among the Fortune Global 500 companies. It was established in 1951 and went public in 2010, making it the world's biggest initial public offering at the time.

The bank is committed to providing financial services for rural development, addressing the sannong issues that affect agriculture, rural areas, and farmers. This is a huge undertaking, considering the bank aims to serve a rural population of 589.73 million people.

ABC has a unique business model that focuses on three areas: basic financial services for farmers, financial poverty alleviation, and loans to rural households. Despite the challenges, the bank's sannong business has huge growth potential due to continued rural reforms in China.

Here are some key facts about the bank's financial performance:

Nomura has been actively adjusting its price target for Agricultural Bank of China Limited, with the latest revision being to HK$3.54 from HK$3.26.

Nomura has a history of revising its price target for Agricultural Bank of China Limited, with some revisions being made in quick succession.

In April 2019, Nomura adjusted its price target to HK$3.54 from HK$3.26, while keeping its rating at Neutral.

Nomura also adjusted its price target to HK$3.26 from HK$3.29 in January 2023, again keeping its rating at Neutral.

Here are the details of Nomura's price target adjustments for Agricultural Bank of China Limited:

Nomura's rating for Agricultural Bank of China Limited was downgraded to Neutral from Buy in August 2013.

The Agricultural Bank of China is a massive financial institution with a significant presence in the country. It has 24,000+ branches across China.

The bank's business operations are vast, with a wide range of services offered to its customers. This includes deposit and loan services, as well as foreign exchange and remittance services.

The Agricultural Bank of China's operations are also influenced by its history, dating back to 1954.

Sales by Activity is a crucial aspect of a company's financial performance. The Agricultural Bank of China Limited has seen a steady increase in personal banking sales over the years, from 190 billion yuan in 2019 to 323 billion yuan in 2023.

The bank's personal banking sales have consistently been its strongest area, with a significant growth rate of 69% from 2019 to 2023. Corporate banking sales, on the other hand, have been declining, with a 8% drop from 186 billion yuan in 2019 to 171 billion yuan in 2023.

The bank's treasury operations have also seen fluctuations, with a significant drop from 77.71 billion yuan in 2019 to 45.4 billion yuan in 2023. This could be due to various market and economic factors, which can affect a bank's treasury operations.

Here is a breakdown of the bank's sales by activity:

The Others category has also seen a significant drop in sales, from 47.78 billion yuan in 2022 to 19.96 billion yuan in 2023.

The Agricultural Bank of China Limited's geographical sales breakdown shows a diverse distribution of sales across different regions. The bank's sales have been steadily increasing in the Yangtze River Delta, reaching 129 billion yuan in 2023.

The Yangtze River Delta region has been a significant contributor to the bank's sales, with a growth rate of 46.2% from 2019 to 2023. This region's sales have been consistently higher than the other regions.

Here's a breakdown of the bank's sales by region:

The bank's sales in Western China have also seen a significant increase, reaching 126 billion yuan in 2023. This growth can be attributed to the region's strong economic performance.

The Agricultural Bank of China has made significant strides in promoting inclusive finance. This effort includes the bank's commitment to increasing the number of rural branches from 14,000 in 2008 to over 26,000 by 2016.

One of the bank's key initiatives is the establishment of a rural credit cooperative system, which aims to provide financial services to underserved rural areas. By doing so, the bank has been able to reach a broader customer base.

The bank's rural credit cooperative system has led to a significant increase in the number of rural customers, with the number of rural customers increasing from 30% of the bank's total customers in 2008 to over 40% by 2016.

The bank's efforts to promote inclusive finance have also led to an increase in the number of women customers, with women accounting for over 50% of the bank's rural customers by 2016.

Agricultural Bank of China has a diverse group of companies under its umbrella.

The bank has a presence in London, UK, with Agricultural Bank of China (London Branch), a commercial bank providing banking services since 2010.

Agricultural Bank of China (Moscow) Ltd. offers international commercial banking services from its base in Moscow, Russian Federation.

ABC International Holdings Ltd. provides asset management services from its location in Hong Kong, Hong Kong, as part of the bank's investment managers.

Agricultural Bank of China (Luxembourg) SA, founded in 2014, offers banking services from its base in Luxembourg, Luxembourg, as a regional banking company.

Here is a list of some of the bank's group companies:

The Board Composition of Agricultural Bank of China Limited is comprised of several key members. The President of the bank is Zhi Heng Wang, who has been in the position since June 27, 2024.

One of the Directors, Hong Xia Liu, has been a Board Member since November 12, 2018. She is 62 years old and has a significant amount of experience in the industry.

The Board of Directors has a total of 9 members, each with their own unique background and expertise. This diversity is essential for making informed decisions that benefit the bank.

Here is a list of the current Board of Directors, including their titles, ages, and dates of appointment:

The bank's Board of Directors has a significant amount of experience and expertise, which is essential for making informed decisions that benefit the bank.

The Group Companies of Agricultural Bank of China Limited are a diverse and extensive network of subsidiaries.

Agricultural Bank of China (London Branch) is a commercial bank that provides banking services, founded in 2010 and based in London, UK.

Agricultural Bank of China (Moscow) Ltd. provides international commercial banking services from its base in Moscow, Russian Federation.

ABC International Holdings Ltd. is an investment manager that offers asset management services, based in Hong Kong, Hong Kong.

Agricultural Bank of China (Luxembourg) SA is a regional banking company that provides banking services, founded in 2014 and based in Luxembourg, Luxembourg.

Here are the Group Companies of Agricultural Bank of China Limited:

Agricultural Bank of China has appointed Meng Fanjun as its Executive Vice President, effective February 14th. This appointment was approved by the National Financial Regulatory Administration.

The bank has also appointed Zhuang Yumin as an Independent Non-Executive Director, effective January 21st. In addition, the bank has appointed Wang Wenjin as Executive Vice President, approved by the National Financial Regulatory Administration on January 23rd.

Agricultural Bank of China Limited Announced the resignation of Xu Han as Executive Vice President, effective January 8th. The bank has also secured a 180 million-yuan loan for Shanghai Yuyuan Tourist Mart to fund a share buyback, on January 15th.

Here's a list of key appointments and events:

The bank has also issued 40 billion yuan of undated bonds on November 29th.