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As of 8:10 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

ind & comm bk of china-h (IDCBF) Key Developments

Industrial and Commercial Bank of China Limited Announces Resignation Yao Zhongli as Non-Executive Director

Industrial and Commercial Bank of China Limited has announced the resignation of Yao Zhongli as non-executive director of the board and member of the strategy committee and risk management committee of the board.

Industrial and Commercial Bank of China Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Losses for the Third Quarter Ended September 30, 2014

Industrial and Commercial Bank of China Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest income of RMB 215,038 million compared with RMB 194,262 million for the same period a year ago. Net interest income was RMB 125,327 million compared with RMB 111,747 million for the same period a year ago. Operating income was RMB 152,688 million compared with RMB 140,998 million for the same period a year ago. Operating profit was RMB 93,633 million compared with RMB 85,340 million for the same period a year ago. Profit before tax was RMB 94,141 million compared with RMB 85,808 million for the same period a year ago. Profit attributable to equity holders of the parent company was RMB 72,364 million or RMB 0.20 per basic and diluted share compared with RMB 67,186 million or RMB 0.19 per basic and diluted share for the same period a year ago. Annualized return on weighted average equity was 1.51% and 21.52% respectively. For the nine months, the company reported interest income of RMB 627,651 million compared with RMB 566,769 million for the same period a year ago. Net interest income was RMB 362,934 million compared with RMB 327,636 million for the same period a year ago. Operating income was RMB 469,541 million compared with RMB 432,474 million for the same period a year ago. Operating profit was RMB 286,707 million compared with RMB 263,126 million for the same period a year ago. Profit before tax was RMB 288,231 million compared with RMB 264,649 million for the same period a year ago. Profit attributable to equity holders of the parent company was RMB 220,464 million or RMB 0.62 per diluted share compared with RMB 205,533 million or RMB 0.58 per diluted share for the same period a year ago. Net cash flows from operating activities was RMB 76,689 million compared with RMB 69,831 million for the same period a year ago. Purchases of property and equipment and other assets was RMB 28,641 million compared with RMB 26,814 million for the same period a year ago. Return on weighted average equity was 21.52% against 23.00% a year ago. For the quarter, the company reported impairment losses on loans and advances to customers of RMB 8,238 million compared with RMB 6,337 million for the same period a year ago. Impairment losses on others were RMB 51 million compared with RMB 342 million for the same period a year ago.

Industrial and Commercial Bank of China Limited, Board Meeting, Oct 29, 2014

Industrial and Commercial Bank of China Limited, Board Meeting, Oct 29, 2014. Agenda: To consider earnings results for the nine months ended September 30, 2014.

Industrial and Commercial Bank of China Limited to Report Q3, 2014 Results on Oct 30, 2014

Industrial and Commercial Bank of China Limited announced that they will report Q3, 2014 results on Oct 30, 2014

Industrial and Commercial Bank of China Limited Presents at Bank of America Merrill Lynch China Conference 2014, Nov-03-2014

Industrial and Commercial Bank of China Limited Presents at Bank of America Merrill Lynch China Conference 2014, Nov-03-2014 . Venue: JW Marriott Beijing (Chaoyang), Beijing, China.

 

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IDCBF

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Valuation IDCBF Industry Range
Price/Earnings 4.9x
Price/Sales 2.3x
Price/Book 0.9x
Price/Cash Flow 3.6x
TEV/Sales NM Not Meaningful
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