Agricultural Bank of China Limited logo

Agricultural Bank of China Limited

1288.HK

HKSEFinancial ServicesBanks - Diversified

Latest quote

HK$6.24

−HK$0.04 · -0.64%

Aug 24, 11:02 AM HKT

1288.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Agricultural Bank of China Limited offers an extensive array of banking and financial services designed for both corporate entities and individual customers. The company's operations are segmented into Corporate Banking, Personal Banking, and Treasury functions. It facilitates a wide variety of deposit options, including various demand, time, call, foreign currency, and savings accounts, along with certificates of deposit. Its lending portfolio covers mortgages, consumer and business financing, fixed asset and working capital loans, real estate lending, syndicated loans, trade finance, and guarantees. Beyond traditional banking, Agricultural Bank of China provides credit and debit card services, payment and settlement solutions, private banking, cash management, investment banking, custodial services, and wealth management. Notably, it also specializes in banking products and services catering to the agricultural sector. The bank ensures accessibility through diverse channels such as online, mobile, telephone, self-service terminals, television, and SMS banking. Further services include financial leasing, fund management, asset custodianship, debt-to-equity swaps, and a selection of insurance products, encompassing life, health, and accident coverage. As of December 31, 2021, the bank boasted a substantial domestic footprint with 22,807 branches and various outlets throughout China. Its international reach extended to 13 overseas branches located in prominent financial centers including Hong Kong, Singapore, New York, London, and Tokyo, supplemented by four international representative offices in cities such as Vancouver and Sao Paulo. Agricultural Bank of China Limited was established in 1951 and maintains its headquarters in Beijing, People's Republic of China.

Industry
Banks - Diversified
Sector
Financial Services
Headquarters
CN
CEO
Shu Gu
Listed since
Jul 16, 2010
Employees
457,835

Market position

Day range

Current HK$6.24

52-week range

Current HK$6.24

Open
HK$6.25
Previous close
HK$6.28
Volume
23.42M
0.27× average
Average volume
87.18M
Average daily volume
Market cap
2.18T HKD
Beta
0.16
Market reference 1
50-day average
HK$5.8051
+7.49% above average
200-day average
HK$5.706
+9.36% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.54T CNY
P/E (TTM)
8.44×
P/B (TTM)
0.82×
P/S (TTM)
2.04×
EV / EBITDA
4.43×
Earnings yield
15.02%
Free cash flow yield
107.66%
Dividend yield
5.48%

Profitability & efficiency

Gross margin
53.84%
Operating margin
23.63%
Net margin
25.05%
Return on equity
8.99%
Return on assets
0.60%
Return on invested capital
2.94%

Financial health

Debt / equity
4.47×
Current ratio
0.12×
Altman Z-score
0.15
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends134%93%52%11%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 124.10%Gross margin, FY2024: 100.00%Gross margin, FY2025: 53.41%Operating margin, FY2021: 54.97%Operating margin, FY2022: 57.52%Operating margin, FY2023: 67.84%Operating margin, FY2024: 67.29%Operating margin, FY2025: 23.87%Net margin, FY2021: 43.39%Net margin, FY2022: 47.13%Net margin, FY2023: 48.12%Net margin, FY2024: 48.66%Net margin, FY2025: 21.46%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 124.10%. Gross margin FY2024 100.00%. Gross margin FY2025 53.41%. Operating margin FY2021 54.97%. Operating margin FY2022 57.52%. Operating margin FY2023 67.84%. Operating margin FY2024 67.29%. Operating margin FY2025 23.87%. Net margin FY2021 43.39%. Net margin FY2022 47.13%. Net margin FY2023 48.12%. Net margin FY2024 48.66%. Net margin FY2025 21.46%.

Income trends

Revenue

1.36T CNY+133.89%

Operating income

323.69B CNY-17.03%

Net income

291.04B CNY+3.18%
Income trends across reported periods1.47T CNY1.02T CNY575.6B CNY129.71B CNYRevenue, FY2021: 555.86B CNYRevenue, FY2022: 550.02B CNYRevenue, FY2023: 559.76B CNYRevenue, FY2024: 579.72B CNYRevenue, FY2025: 1.36T CNYOperating income, FY2021: 305.58B CNYOperating income, FY2022: 316.36B CNYOperating income, FY2023: 379.76B CNYOperating income, FY2024: 390.11B CNYOperating income, FY2025: 323.69B CNYNet income, FY2021: 241.18B CNYNet income, FY2022: 259.23B CNYNet income, FY2023: 269.36B CNYNet income, FY2024: 282.08B CNYNet income, FY2025: 291.04B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 555.86B CNY. Revenue FY2022 550.02B CNY. Revenue FY2023 559.76B CNY. Revenue FY2024 579.72B CNY. Revenue FY2025 1.36T CNY. Operating income FY2021 305.58B CNY. Operating income FY2022 316.36B CNY. Operating income FY2023 379.76B CNY. Operating income FY2024 390.11B CNY. Operating income FY2025 323.69B CNY. Net income FY2021 241.18B CNY. Net income FY2022 259.23B CNY. Net income FY2023 269.36B CNY. Net income FY2024 282.08B CNY. Net income FY2025 291.04B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.36T CNY579.72B CNY559.76B CNY550.02B CNY555.86B CNY
Cost of goods sold631.74B CNY−134.88B CNY518.58B CNY430.03B CNY
Gross profit724.17B CNY579.72B CNY694.64B CNY550.02B CNY555.86B CNY
Selling, general, and administrative255.13B CNY61.08B CNY241.41B CNY229.27B CNY219.31B CNY
Operating expenses400.48B CNY189.6B CNY387.22B CNY388.13B CNY423.63B CNY
Interest income1.2T CNY1.28T CNY1.22T CNY1.11T CNY1.01T CNY
Interest expense631.74B CNY694.99B CNY651.95B CNY518.58B CNY430.03B CNY
Depreciation and amortization23.91B CNY23.2B CNY21.88B CNY20.22B CNY19.36B CNY
Operating income323.69B CNY390.11B CNY379.76B CNY316.36B CNY305.58B CNY
Net income291.04B CNY282.08B CNY269.36B CNY259.23B CNY241.18B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
18%
2 beats, 7 misses, 2 met estimates
Average EPS surprise
-1.88%
11 comparable reports
Latest EPS result
0.23
Estimate 0.24 · Miss by 4.78%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.280.240.20.16Q4 '24MissQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 0.19, estimate 0.2, surprise -5.00%, Miss. Q1 2025, reported Mar 28, 2025: actual 0.186, estimate 0.21, surprise -11.29%, Miss. Q2 2025, reported Apr 29, 2025: actual 0.204, estimate 0.22, surprise -7.32%, Miss. Q3 2025, reported Aug 29, 2025: actual 0.197, estimate 0.208, surprise -5.28%, Miss. Q4 2025, reported Oct 30, 2025: actual 0.241, estimate 0.224, surprise +7.32%, Beat. Q1 2026, reported Mar 30, 2026: actual 0.239, estimate 0.195, surprise +22.84%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.227, estimate 0.239, surprise -4.78%, Miss. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.208, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates243.88B219.04B194.21B169.37BQ4 '24BeatQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 190.99B HKD, estimate 187.34B HKD, surprise +1.95%, Beat. Q1 2025, reported Mar 28, 2025: actual 178.75B HKD, estimate 178.85B HKD, surprise -0.05%, Miss. Q2 2025, reported Apr 29, 2025: actual 200.21B HKD, estimate 199.03B HKD, surprise +0.59%, Beat. Q3 2025, reported Aug 29, 2025: actual 199.51B HKD, estimate 187.14B HKD, surprise +6.61%, Beat. Q4 2025, reported Oct 30, 2025: actual 197.86B HKD, estimate 188.24B HKD, surprise +5.11%, Beat. Q1 2026, reported Mar 30, 2026: actual 192.24B HKD, estimate 217.46B HKD, surprise -11.60%, Miss. Q2 2026, reported Apr 29, 2026: actual 234.5B HKD, estimate 217.5B HKD, surprise +7.82%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 225.66B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.3934

2025 complete year+75.3% since 2021

2026 partial: HK$0.1496

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 4, 2026

HK$0.1496

Semi-Annual

Record May 5, 2026 · Payment Jun 16, 2026

Dividend

Ex-dividend Dec 5, 2025

HK$0.1316

Semi-Annual

Record Dec 8, 2025 · Payment Jan 26, 2026

Dividend

Ex-dividend Jul 9, 2025

HK$0.1375

Semi-Annual

Record Jul 10, 2025 · Payment Aug 27, 2025

Dividend

Ex-dividend Jan 2, 2025

HK$0.1243

Semi-Annual

Record Jan 3, 2025 · Payment Jan 24, 2025

Dividend

Ex-dividend May 30, 2024

HK$0.2533

Annual

Record May 31, 2024 · Payment Jun 28, 2024

Dividend

Ex-dividend Jul 10, 2023

HK$0.241

Annual

Record Jul 11, 2023 · Payment Aug 8, 2023

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