Financials Agricultural Bank of China Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 01:38:19 06/03/2026 pm IST			5-day change	1st Jan Change
5.250 ^HKD	+1.35%		-1.87%	-9.17%

06/03	China Unveils 300-Billion-Yuan Bank Lifeline to Bolster Financial System	MT
05/03	China to inject $44 billion into state banks, boost tech financing	RE

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	6,59,332	7,21,746	7,25,499	6,95,468	7,10,555	7,19,522	7,58,382	8,03,994
Change	-	9.47%	0.52%	-4.14%	2.17%	1.26%	5.4%	6.01%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	4,29,435	4,61,471	4,51,476	4,43,163	4,49,375	4,57,783	4,93,244	5,33,382
Change	-	7.46%	-2.17%	-1.84%	1.4%	1.87%	7.75%	8.14%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,65,050	2,95,880	3,06,216	3,07,419	3,19,201	3,25,550	3,38,695	3,64,078
Change	-	11.63%	3.49%	0.39%	3.83%	1.99%	4.04%	7.49%
Net income ¹	2,15,925	2,41,183	2,59,140	2,69,356	2,82,083	2,82,063	2,90,098	3,01,467
Change	-	11.7%	7.45%	3.94%	4.72%	-0.01%	2.85%	3.92%
Announcement Date	30/03/21	30/03/22	30/03/23	28/03/24	28/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q2	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,59,717	1,94,499	1,71,755	1,79,627	1,75,865	1,81,802	1,60,099	1,76,429	1,67,854	1,61,820	1,86,147	1,80,993	1,73,519	1,69,896	1,86,674	1,83,058	1,80,981	1,71,471
Change	-	21.78%	-11.69%	4.58%	-2.09%	3.38%	-11.94%	10.2%	-4.86%	-3.59%	15.03%	-2.77%	-4.13%	-2.09%	9.88%	-1.94%	-1.13%	-5.25%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	90,389	1,30,857	1,18,706	1,23,034	-	1,23,336	73,234	1,18,672	1,08,727	-	1,35,072	-	1,13,993	78,267	1,35,058	1,23,424	1,18,037	80,734
Change	-	44.77%	-9.29%	3.65%	-	-	-40.62%	62.04%	-8.38%	-	-	-	-	-31.34%	72.56%	-8.61%	-4.36%	-31.6%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	72,708	-	-	-	71,448	72,942	81,441	-	79,439	-	83,875	-	-	-	-	-
Change	-	-	-	-	-	-	-	2.09%	11.65%	-	-	-	-	-	-	-	-	-
Net income	50,590	65,861	56,417	64,431	-	58,195	61,635	61,680	74,122	-	70,386	65,506	78,480	-	-	-	-	-
Change	-	30.19%	-14.34%	14.2%	-	-	5.91%	0.07%	20.17%	-	-	-6.93%	19.81%	-	-	-	-	-
Announcement Date	30/03/21	29/04/21	30/08/21	28/10/21	30/03/22	29/08/22	30/03/23	29/08/23	27/10/23	28/03/24	29/04/24	30/08/24	30/10/24	28/03/25	29/04/25	29/08/25	30/10/25	-

¹CNY in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1
Net sales ¹	3,66,254	-	3,87,659
Change	-	-	-
EBITDA	-	-	-
Change	-	-	-
EBIT ¹	2,49,563	2,11,908	2,61,688
Change	-	-15.09%	23.49%
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	-	-	-
Change	-	-	-
Net income ¹	1,22,278	-	1,28,945
Change	-	-	-
Announcement Date	30/08/21	30/03/22	29/08/22

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	30/03/21	30/03/22	30/03/23	28/03/24	28/03/25	-	-	-

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	14,110	22,844	26,033	22,092	28,827	24,223
Change	-	61.9%	13.96%	-15.14%	30.49%	-15.97%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	30/03/20	30/03/21	30/03/22	30/03/23	28/03/24	28/04/25

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	65.13%	63.94%	62.23%	63.72%	63.24%	63.62%	65.04%	66.34%
EBT Margin (%)	-	40.2%	41%	42.21%	44.2%	44.92%	45.25%	44.66%	45.28%
Net margin (%)	-	32.75%	33.42%	35.72%	38.73%	39.7%	39.2%	38.25%	37.5%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.83%	0.86%	0.82%	0.73%	0.68%	0.64%	0.6%	0.61%
ROE	-	11.35%	11.57%	11.28%	10.91%	10.46%	9.83%	9.57%	9.53%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.1851	0.2068	0.2222	0.2309	0.2419	0.2467	0.2536	0.2633
Change	-	-	11.72%	7.45%	3.92%	4.76%	1.98%	2.81%	3.82%
Book Value Per Share ¹	-	6.3	6.899	6.37	6.88	7.4	8.165	8.607	9.178
Change	-	-	9.52%	-7.67%	8.01%	7.56%	10.33%	5.41%	6.64%
EPS ¹	-	0.59	0.65	0.69	0.72	0.75	0.7918	0.8153	0.8669
Change	-	-	10.17%	6.15%	4.35%	4.17%	5.57%	2.98%	6.33%
Nbr of stocks (in thousands)	-	34,99,83,034	34,99,83,034	34,99,83,034	34,99,83,034	34,99,83,034	34,99,83,034	34,99,83,034	34,99,83,034
Announcement Date	-	30/03/21	30/03/22	30/03/23	28/03/24	28/03/25	-	-	-