Bank of China Limited logo

Bank of China Limited

3988.HK

HKSEFinancial ServicesBanks - Diversified

Latest quote

HK$5.485

−HK$0.02 · -0.36%

Aug 24, 4:08 PM HKT

3988.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Bank of China Limited, along with its various affiliates, delivers a comprehensive array of banking and financial products and services. The institution's operations are strategically divided into six key divisions: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and other business activities. The Corporate Banking segment caters to corporate clients, government entities, and financial institutions by offering services such as current accounts, deposit accounts, overdrafts, diverse loan products, trade finance, foreign currency exchange, derivative instruments, and wealth management solutions. For retail customers, the Personal Banking segment provides savings facilities, personal lending options, credit and debit cards, payment and settlement services, wealth management offerings, and acts as an agent for investment funds and insurance policies. Treasury Operations focus on foreign exchange transactions, client-driven interest rate and currency derivative dealings, money market activities, proprietary trading, and the management of assets and liabilities. The Investment Banking arm is involved in underwriting debt and equity, financial advisory services, stock brokerage, investment research, asset management, and private equity investments, alongside securities trading. The Insurance division underwrites general and life insurance policies and provides related agency services. Furthermore, the company has an interest in the aircraft leasing business. As of December 31, 2021, the Bank of China maintained an extensive global footprint, operating through 10,382 branches and outlets. This network included 520 institutions located in mainland China and an additional 550 establishments distributed across Hong Kong, Macao, Taiwan, and other international territories. The company was founded in 1912 and its corporate headquarters are located in Beijing, China.

Industry
Banks - Diversified
Sector
Financial Services
Headquarters
CN
CEO
Haijiao Ge
Listed since
Jun 1, 2006
Employees
313,746

Market position

Day range

Current HK$5.485

52-week range

Current HK$5.485

Open
HK$5.485
Previous close
HK$5.505
Volume
132M
0.63× average
Average volume
209M
Average daily volume
Market cap
2.33T HKD
Beta
0.11
Market reference 1
50-day average
HK$5.2361
+4.75% above average
200-day average
HK$4.8926
+12.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-232.46B CNY
EV / EBITDA
-0.71×
Earnings yield
18.47%
Free cash flow yield
57.83%

Profitability & efficiency

Return on equity
7.93%
Return on assets
0.63%
Return on invested capital
2.93%

Financial health

Current ratio
0.17×
Altman Z-score
0.22
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 trends130%90%50%10%Gross margin, FY2021: 120.08%Gross margin, FY2022: 119.70%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 53.98%Operating margin, FY2021: 66.09%Operating margin, FY2022: 65.34%Operating margin, FY2023: 65.75%Operating margin, FY2024: 65.88%Operating margin, FY2025: 24.75%Net margin, FY2021: 43.05%Net margin, FY2022: 46.37%Net margin, FY2023: 44.75%Net margin, FY2024: 44.77%Net margin, FY2025: 19.96%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 120.08%. Gross margin FY2022 119.70%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 53.98%. Operating margin FY2021 66.09%. Operating margin FY2022 65.34%. Operating margin FY2023 65.75%. Operating margin FY2024 65.88%. Operating margin FY2025 24.75%. Net margin FY2021 43.05%. Net margin FY2022 46.37%. Net margin FY2023 44.75%. Net margin FY2024 44.77%. Net margin FY2025 19.96%.

Income trends

Revenue

1.22T CNY+129.15%

Operating income

301.29B CNY-13.92%

Net income

243.02B CNY+2.18%
Income trends across reported periods1.32T CNY917.13B CNY516.81B CNY116.48B CNYRevenue, FY2021: 503.07B CNYRevenue, FY2022: 488.48B CNYRevenue, FY2023: 518.28B CNYRevenue, FY2024: 531.26B CNYRevenue, FY2025: 1.22T CNYOperating income, FY2021: 332.46B CNYOperating income, FY2022: 319.16B CNYOperating income, FY2023: 340.77B CNYOperating income, FY2024: 350B CNYOperating income, FY2025: 301.29B CNYNet income, FY2021: 216.56B CNYNet income, FY2022: 226.52B CNYNet income, FY2023: 231.9B CNYNet income, FY2024: 237.84B CNYNet income, FY2025: 243.02B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 503.07B CNY. Revenue FY2022 488.48B CNY. Revenue FY2023 518.28B CNY. Revenue FY2024 531.26B CNY. Revenue FY2025 1.22T CNY. Operating income FY2021 332.46B CNY. Operating income FY2022 319.16B CNY. Operating income FY2023 340.77B CNY. Operating income FY2024 350B CNY. Operating income FY2025 301.29B CNY. Net income FY2021 216.56B CNY. Net income FY2022 226.52B CNY. Net income FY2023 231.9B CNY. Net income FY2024 237.84B CNY. Net income FY2025 243.02B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.22T CNY531.26B CNY518.28B CNY488.48B CNY503.07B CNY
Cost of goods sold560.2B CNY−103.65B CNY421.58B CNY364.35B CNY
Gross profit657.18B CNY531.26B CNY518.28B CNY584.72B CNY604.08B CNY
Selling, general, and administrative183.27B CNY44.24B CNY177.5B CNY172.31B CNY170.6B CNY
Operating expenses355.89B CNY181.26B CNY177.5B CNY169.31B CNY170.6B CNY
Interest income1T CNY1.07T CNY1.05T CNY882.27B CNY789.49B CNY
Interest expense560.2B CNY622.61B CNY582.31B CNY421.6B CNY364.35B CNY
Depreciation and amortization28.03B CNY29.22B CNY30.42B CNY28.87B CNY28.79B CNY
Operating income301.29B CNY350B CNY340.77B CNY319.16B CNY332.46B CNY
Net income243.02B CNY237.84B CNY231.9B CNY226.52B CNY216.56B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
30%
3 beats, 5 misses, 2 met estimates
Average EPS surprise
-1.31%
10 comparable reports
Latest EPS result
0.2
Estimate 0.22 · Miss by 5.23%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.270.230.190.15Q4 '24BeatQ4 '24No estimateQ2 '25MetQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 0.19, estimate 0.18, surprise +5.56%, Beat. Q4 2024, reported Dec 31, 2024: actual 0.224, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 0.192, estimate 0.192, surprise 0.00%, Met estimate. Q3 2025, reported Aug 29, 2025: actual 0.229, estimate 0.197, surprise +16.48%, Beat. Q4 2025, reported Oct 28, 2025: actual 0.217, estimate 0.207, surprise +4.82%, Beat. Q1 2026, reported Mar 30, 2026: actual 0.211, estimate 0.217, surprise -2.58%, Miss. Q2 2026, reported Apr 29, 2026: actual 0.205, estimate 0.216, surprise -5.23%, Miss. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.231, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates351.2B276.15B201.1B126.05BQ4 '24BeatQ4 '24No estimateQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 177.77B HKD, estimate 160.34B HKD, surprise +10.87%, Beat. Q4 2024, reported Dec 31, 2024: actual 161.52B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 141.58B HKD, estimate 151.67B HKD, surprise -6.66%, Miss. Q3 2025, reported Aug 29, 2025: actual 335.67B HKD, estimate 153.81B HKD, surprise +118.23%, Beat. Q4 2025, reported Oct 28, 2025: actual 326.16B HKD, estimate 156.42B HKD, surprise +108.51%, Beat. Q1 2026, reported Mar 30, 2026: actual 186.69B HKD, estimate 186.74B HKD, surprise -0.03%, Miss. Q2 2026, reported Apr 29, 2026: actual 203.22B HKD, estimate 176.74B HKD, surprise +14.99%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 192.27B HKD, surprise —, Comparison unavailable.

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