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Profile & Fundamentals

ICBC Profile & Fundamentals

Name: ICBC financial chart data preview
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Company and Market Context

Company Profile & Ownership

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers corporate loans, trade financing, deposit-taking activities, corporate wealth management services, custody services, and various types of corporate intermediary services, as well as corporate loans to corporations, government agencies, and financial institutions. Its Personal Banking segment provides personal loans, deposit-taking activities, card business, personal wealth management services, and various types of personal intermediary services to individual customers. The Treasury Operations segment engages in money market transactions, investment securities, and foreign exchange transaction activities. In addition, the company is involved in the fund raising, fund sales, asset management, and other businesses; financial leasing; insurance businesses, such as life, health, and accident insurance, as well as reinsurance; debt-for-equity swaps; and issuance of wealth management products, wealth management advisory, and consulting services. Industrial and Commercial Bank of China Limited was founded in 1984 and is headquartered in Beijing, the People's Republic of China.

Company profile record

Industrial and Commercial Bank of China Ltd

Common Stock · Financials · Diversified Banks

Official website

Company

Company / asset: Industrial and Commercial Bank of China Ltd
Security type: Common Stock
Sector: Financials
Industry: Diversified Banks
HQ: 🇨🇳 China
Head office: No.55 Fuxingmennei Avenue, Beijing, China, 100140

Leadership & scale

Full-time employees: 402.5K
Fiscal year end: December

Fundamentals snapshot

Updated 2026-08-31

Market Cap: CNY 2.88T
P/E: 7.7x
Revenue (Q2 26): CNY 234.2B
Profit (Q2 26): CNY 86.7B
Dividend Yield: 1.9%
Revenue (FY 25): CNY 1.54T
Shares in public float: 209.7B
Insider ownership: 87.53%

Reporting & identifiers

Symbol: 601398.SHG
Listing: 🇨🇳 China | Dividend Tax: 10%
Ticker Currency: CNY
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: SPOT
ISIN: CNE000001P37
Asset ID: equity_105d190f-f458-59ac-bc32-508bcc63ac10

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The bank shows a massive, stable financial profile, but its underlying earnings tell a mixed story. On one hand, recent reports highlight a huge jump in total revenue, driven by successful bond trading and investment gains supported by central bank liquidity. On the other hand, actual net income growth remains very flat, barely growing at around three percent. There is strong agreement that the bank's core lending profits are being squeezed because the government is forcing it to offer cheap loans to support the national economy. However, opinions clash on the future outlook. Some believe that rapid cost-cutting through artificial intelligence will successfully boost future profits, while others warn that rising bad loans from the real estate slump will continue to drag down earnings, making the bank a slow-growing utility rather than a growth stock.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The bank's profit margins are caught in a political tug-of-war. There is strong consensus that its core lending margin is in a long-term decline because the government requires the bank to offer cheap loans to manufacturers while keeping deposit rates stable. This policy-driven squeeze has pushed lending margins to historic lows. However, the future outlook for overall profitability is a major point of disagreement. Optimistic views argue that margins are finally stabilizing and will be rescued by massive cost savings from artificial intelligence and high-margin international transaction fees. Conversely, cautious assessments argue that margin compression is a permanent feature of the state-run system, meaning the bank will remain a low-margin utility. Ultimately, while the bank remains highly profitable in absolute terms, its ability to expand margins is strictly capped by its national service duties.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-01.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	79,849,784,172.66	29,108,776,978.42	40,035,827,338.13	100	70.78	50.14	36.45
2017-12-31	92,264,055,299.54	117,355,453,149	43,939,938,556.07	100	70.41	47.62	127.2
2018-12-31	89,430,668,604.65	97,544,912,790.7	43,266,860,465.12	100	69.93	48.38	109.07
2019-12-31	86,282,040,229.89	65,402,586,206.9	44,859,770,114.94	100	74.25	51.99	75.8
2020-12-31	92,069,984,686.06	233,785,758,039.82	48,377,641,653.91	100	74.3	52.54	253.92
2021-12-31	103,499,528,301.89	53,305,031,446.54	54,770,125,786.16	100	74.45	52.92	51.5
2022-12-31	96,108,985,507.25	201,586,086,956.52	52,337,971,014.49	100	74.15	54.46	209.75
2023-12-31	92,626,760,563.38	197,536,338,028.17	51,266,619,718.31	100	74.16	55.35	213.26
2024-12-31	90,463,972,602.74	74,466,986,301.37	50,118,219,178.08	100	73.98	55.4	82.32
2025-12-31	220,912,875,536.48	21,003,576,537.91	52,727,038,626.61	45.19	27.49	23.87	9.51

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	7.67	Trailing four quarters
2024-12-31	5.76	Trailing four quarters
2023-12-31	4.77	Trailing four quarters
2022-12-31	4.37	Annual net income
2021-12-31	4.83	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2016-01-01	363,336,286,000
2017-01-01	363,336,286,000
2018-01-01	363,336,286,000
2019-01-01	363,336,286,000
2020-01-01	363,336,286,000
2021-01-01	363,336,286,000
2022-01-01	363,336,286,000
2023-01-01	363,336,286,000
2024-01-01	304,690,500,000
2025-01-01	356,407,000,000

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