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China Construction Bank

Construction Bank's customer deposits rose 12.7% yoy to CNY 15,601,900 mil in 4Q2016

By Helgi Library - October 10, 2019

China Construction Bank's customer deposits reached CNY 15,601,900 mil in 2016-12-31, up 2.13% compared to the previous year. C...

Construction Bank's customer deposits rose 12.7% yoy to CNY 15,601,900 mil in 4Q2016

By Helgi Library - October 10, 2019

China Construction Bank's customer deposits reached CNY 15,601,900 mil in 2016-12-31, up 2.13% compared to the previous year. C...

Construction Bank's capital adequacy ratio rose 9.08% yoy to 17.1% in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank's capital adequacy ratio reached 17.1% at the end of second quarter of 2019, down from 17.1% when compare...

Profit Statement Dec 2018 Mar 2019 Jun 2019
Net Interest Income CNY mil 293,575 125,206 125,644
Net Fee Income CNY mil 26,507 43,029 33,666
Other Income CNY mil 16,401 22,471 19,326
Total Revenues CNY mil 336,483 190,706 178,636
Operating Profit CNY mil 273,990 142,820 130,476
Provisions CNY mil 47,214 43,595 31,191
Net Profit CNY mil 40,547 76,916 77,274
Balance Sheet Dec 2018 Mar 2019 Jun 2019
Interbank Loans CNY mil 1,038,500 1,522,500 1,263,700
Customer Loans CNY mil 13,365,400 13,783,600 14,087,300
Total Assets CNY mil 23,222,700 24,190,900 24,383,200
Shareholders' Equity CNY mil 1,991,600 2,069,000 2,072,000
Interbank Borrowing CNY mil 2,402,100 2,310,100 2,341,100
Customer Deposits CNY mil 17,480,300 18,053,800 18,214,100
Issued Debt Securities CNY mil 404,202 779,977 789,358
Ratios Dec 2018 Mar 2019 Jun 2019
ROE % 8.25 15.2 14.9
ROA % 0.696 1.30 1.27
Costs (As % Of Assets) % 1.07 0.808 0.793
Costs (As % Of Income) % 18.6 25.1 27.0
Capital Adequacy Ratio % 17.2 17.1 17.1
Net Interest Margin % 5.04 2.11 2.07
Loans (As % Of Deposits) % 76.5 76.3 77.3
NPLs (As % Of Loans) % 1.47 1.46 1.44
Provisions (As % Of NPLs) % 206 214 216
Valuation Dec 2018 Mar 2019 Jun 2019
Price/Earnings (P/E) 6.34 6.58 6.42
Price/Book Value (P/BV) 0.811 0.820 0.812
Dividend Yield % 0 0 0
Earnings Per Share (EPS) CNY 1.02 1.03 1.05
Book Value Per Share CNY 7.97 8.28 8.29
Dividend Per Share CNY 0 0 0

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summary Unit Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
income statement                                                                                
Net Interest Income CNY mil ... ...                                                               290,516 119,809 119,746 126,498 293,575    
Total Revenues CNY mil ... ...                                                               326,524 184,210 162,840 163,937 336,483    
Operating Profit CNY mil ... ...                                                               265,519 131,690 122,564 118,640 273,990    
Net Profit CNY mil ... ...                                                               41,022 73,815 73,212 67,081 40,547    
balance sheet                                                                                
Interbank Loans CNY mil                                                                   708,598 1,330,400 1,194,700 1,155,900 1,038,500    
Customer Loans CNY mil                                                                   12,574,500 12,780,100 13,068,500 13,371,700 13,365,400    
Debt Securities CNY mil                                                                   5,338,700 5,343,500 5,328,900 5,608,800 5,748,800    
Total Assets CNY mil                                                                   22,124,400 22,848,700 22,805,200 23,354,100 23,222,700    
Shareholders' Equity CNY mil                                                                   1,795,800 1,853,600 1,864,600 1,938,800 1,991,600    
Interbank Borrowing CNY mil                                                                   2,267,900 2,217,900 2,154,700 2,290,000 2,402,100    
Customer Deposits CNY mil                                                                   16,685,100 16,899,700 17,355,400 17,228,200 17,480,300    
Issued Debt Securities CNY mil                                                                   275,160 610,693 293,578 778,110 404,202    
ratios                                                                                
ROE % ... ...                                                               9.36 16.2 15.8 14.1 8.25    
ROA % ... ...                                                               0.743 1.31 1.28 1.16 0.696    
Costs (As % Of Assets) % ... ...                                                               1.10 0.934 0.706 0.785 1.07    
Costs (As % Of Income) % ... ...                                                               18.7 28.5 24.7 27.6 18.6    
Capital Adequacy Ratio % ... ...                                                               15.5 15.6 15.6 16.2 17.2    
Net Interest Margin % ... ...                                                               5.26 2.13 2.10 2.19 5.04    
Interest Income (As % Of Revenues) % ... ...                                                               89.0 65.0 73.5 77.2 87.2    
Fee Income (As % Of Revenues) % ... ...                                                               7.40 20.6 19.1 16.8 7.88    
Equity (As % Of Assets) %                                                                   8.12 8.11 8.18 8.30 8.58    
Loans (As % Of Deposits) %                                                                   75.4 75.6 75.3 77.6 76.5    
Loans (As % Assets) %                                                                   56.8 55.9 57.3 57.3 57.6    
NPLs (As % Of Loans) % ...                                                                 1.54 1.49 1.51 1.47 1.47    
Provisions (As % Of NPLs) % ...                                                                 166 189 131 195 206    
valuation                                                                                
Market Capitalisation (End Of Period) USD mil ... ...                                                               191,959 206,166 194,930 191,711 181,149    
Number Of Shares (Average) mil ... ...                                                               250,011 250,011 250,011 250,011 250,011    
Share Price (End Of Period) HKD ... ...                                                               6.00 6.47 6.12 6.00 5.67    
Earnings Per Share (EPS) CNY ... ...                                                               0.969 0.984 1.00 1.02 1.02    
Book Value Per Share CNY ... ...                                                               7.18 7.41 7.46 7.75 7.97    
Dividend Per Share CNY ... ...                                                               0 0 0 0 0    
Price/Earnings (P/E) ... ...                                                               7.42 8.21 7.23 6.71 6.34    
Price/Book Value (P/BV) ... ...                                                               1.00 1.09 0.973 0.882 0.811    
Dividend Yield % ... ...                                                               0 0 0 0 0    
Earnings Per Share Growth % ... ... ... ... ... ...                                                       4.67 5.37 6.16 6.81 5.11    
Book Value Per Share Growth % ... ... ... ... ... ...                                                       13.0 12.3 13.4 13.5 10.9    
income statement Unit Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
income statement                                                                                
Interest Income CNY mil ... ...                                                               365,972 196,268 199,121 209,698 379,289    
Interest Cost CNY mil ... ...                                                               75,456 76,459 79,375 83,200 85,714    
Net Interest Income CNY mil ... ...                                                               290,516 119,809 119,746 126,498 293,575    
Net Fee Income CNY mil ... ...                                                               24,149 37,931 31,073 27,524 26,507    
Other Income CNY mil ... ...                                                               11,859 26,470 12,021 9,915 16,401    
Total Revenues CNY mil ... ...                                                               326,524 184,210 162,840 163,937 336,483    
Operating Cost CNY mil ... ...                                                               61,005 52,520 40,276 45,297 62,493    
Operating Profit CNY mil ... ...                                                               265,519 131,690 122,564 118,640 273,990    
Provisions CNY mil ... ...                                                               38,060 38,245 24,924 32,667 47,214    
Extra and Other Cost CNY mil ... ...                                                               178,207 2,952 6,713 3,559 182,450    
Pre-Tax Profit CNY mil ... ...                                                               49,252 90,493 90,927 82,414 44,326    
Tax CNY mil ... ...                                                               7,910 16,417 17,538 15,023 3,556    
Minorities CNY mil ... ...                                                               320 261 177 310 223    
Net Profit CNY mil ... ...                                                               41,022 73,815 73,212 67,081 40,547    
growth rates                                                                                
Net Interest Income Growth % ... ... ... ... ... ...                                                       12.3 11.6 7.42 9.04 1.05    
Net Fee Income Growth % ... ... ... ... ... ...                                                       -7.81 -2.16 6.00 7.65 9.76    
Total Revenue Growth % ... ... ... ... ... ...                                                       10.4 5.69 6.35 5.18 3.05    
Operating Cost Growth % ... ... ... ... ... ...                                                       8.52 10.4 -4.34 -5.25 2.44    
Operating Profit Growth % ... ... ... ... ... ...                                                       10.8 3.93 10.4 9.79 3.19    
Pre-Tax Profit Growth % ... ... ... ... ... ...                                                       1.90 3.10 7.84 5.06 -10.0    
Net Profit Growth % ... ... ... ... ... ...                                                       9.03 5.43 7.15 6.64 -1.16    
balance sheet Unit Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
balance sheet                                                                                
Cash CNY mil                                                                   2,988,300 2,782,800 2,674,800 2,650,400 2,632,900    
Interbank Loans CNY mil                                                                   708,598 1,330,400 1,194,700 1,155,900 1,038,500    
Customer Loans CNY mil                                                                   12,574,500 12,780,100 13,068,500 13,371,700 13,365,400    
Retail Loans CNY mil ...                                                                 5,193,900 5,411,700 5,629,500 5,734,650 5,839,800    
Mortgage Loans CNY mil ...                                                                 4,213,100 4,374,650 4,536,200 4,644,900 4,753,600    
Corporate Loans CNY mil ...                                                                 6,566,000 7,134,100 7,702,200 7,254,100 6,806,000    
Debt Securities CNY mil                                                                   5,338,700 5,343,500 5,328,900 5,608,800 5,748,800    
Fixed Assets CNY mil                                                                   189,727 187,059 186,300 185,971 190,335    
Total Assets CNY mil                                                                   22,124,400 22,848,700 22,805,200 23,354,100 23,222,700    
Shareholders' Equity CNY mil                                                                   1,795,800 1,853,600 1,864,600 1,938,800 1,991,600    
Of Which Minority Interest CNY mil                                                                   16,067 16,239 16,311 16,726 15,131    
Liabilities CNY mil                                                                   20,328,600 20,995,100 20,940,600 21,415,300 21,231,100    
Interbank Borrowing CNY mil                                                                   2,267,900 2,217,900 2,154,700 2,290,000 2,402,100    
Customer Deposits CNY mil                                                                   16,685,100 16,899,700 17,355,400 17,228,200 17,480,300    
Sight Deposits CNY mil ...                                                                 8,972,500 8,919,200 9,172,700 9,087,300 9,236,300    
Term Deposits CNY mil ...                                                                 7,712,600 7,980,500 8,182,700 8,140,900 8,244,000    
Issued Debt Securities CNY mil                                                                   275,160 610,693 293,578 778,110 404,202    
Other Liabilities CNY mil                                                                   1,100,440 1,266,810 1,136,920 1,118,990 944,498    
asset quality                                                                                
Non-Performing Loans CNY mil                                                                   198,423 196,350 200,982 201,821 202,826    
Gross Loans CNY mil ...                                                                 12,903,400 13,152,100 13,331,700 13,765,800 13,783,100    
Total Provisions CNY mil ...                                                                 328,968 372,039 263,263 394,045 417,623    
growth rates                                                                                
Customer Loan Growth % ... ... ... ...                                                           9.45 7.60 7.08 7.44 6.29    
Retail Loan Growth % ... ... ... ... ...                                                         19.7 18.4 17.1 14.7 12.4    
Mortgage Loan Growth % ... ... ... ... ...                                                         17.5 16.5 15.5 14.1 12.8    
Corporate Loan Growth % ... ... ... ... ...                                                         3.24 10.8 18.2 10.9 3.66    
Total Asset Growth % ... ... ... ...                                                           5.54 5.32 5.13 5.90 4.96    
Shareholders' Equity Growth % ... ... ... ...                                                           13.0 12.3 13.4 13.5 10.9    
Customer Deposit Growth % ... ... ... ...                                                           6.94 4.11 4.90 4.40 4.77    
market share                                                                                
Market Share in Customer Loans %                                                                   9.76 9.55 9.52 9.39 9.21   ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... ... ... ... ... ... ... ... ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... ... ... ... ... ... ... ... ...
ratios Unit Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
ratios                                                                                
ROE % ... ...                                                               9.36 16.2 15.8 14.1 8.25    
ROA % ... ...                                                               0.743 1.31 1.28 1.16 0.696    
Costs (As % Of Assets) % ... ...                                                               1.10 0.934 0.706 0.785 1.07    
Costs (As % Of Income) % ... ...                                                               18.7 28.5 24.7 27.6 18.6    
Capital Adequacy Ratio % ... ...                                                               15.5 15.6 15.6 16.2 17.2    
Tier 1 Ratio % ... ...                                                               13.7 13.7 13.7 13.9 14.4    
Net Interest Margin % ... ...                                                               5.26 2.13 2.10 2.19 5.04    
Interest Spread % ... ...                                                               5.14 2.01 1.98 2.06 4.91    
Asset Yield % ... ...                                                               6.63 3.49 3.49 3.63 6.51    
Cost Of Liabilities % ... ...                                                               1.48 1.48 1.51 1.57 1.61    
Payout Ratio % ... ...                                                               0 0 0 0 0    
Interest Income (As % Of Revenues) % ... ...                                                               89.0 65.0 73.5 77.2 87.2    
Fee Income (As % Of Revenues) % ... ...                                                               7.40 20.6 19.1 16.8 7.88    
Other Income (As % Of Revenues) % ... ...                                                               3.63 14.4 7.38 6.05 4.87    
Equity (As % Of Assets) %                                                                   8.12 8.11 8.18 8.30 8.58    
Loans (As % Of Deposits) %                                                                   75.4 75.6 75.3 77.6 76.5    
Loans (As % Assets) %                                                                   56.8 55.9 57.3 57.3 57.6    
NPLs (As % Of Loans) % ...                                                                 1.54 1.49 1.51 1.47 1.47    
Provisions (As % Of NPLs) % ...                                                                 166 189 131 195 206    
Provisions (As % Of Loans) % ...                                                                 2.62 2.91 2.01 2.95 3.12    
Cost of Provisions (As % Of Loans) % ... ...                                                               1.22 1.21 0.771 0.988 1.41    
other data Unit Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
other data                                                                                
Employees ...                                                                 352,621 349,392 346,164 346,068 345,971    
Sight (As % Of Customer Deposits) % ...                                                                 53.8 52.8 52.9 52.7 52.8    
On-balance Sheet Loans RMB mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                 12,574,500 12,780,100 13,068,500 13,371,700 13,365,400    

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Construction Bank's capital adequacy ratio rose 9.08% yoy to 17.1% in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank's capital adequacy ratio reached 17.1% at the end of second quarter of 2019, down from 17.1% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 17.2% in 4Q2018 and an all time low of 11.4% i...

Construction Bank's net profit rose 5.55% yoy to CNY 77,274 mil in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank made a net profit of CNY 77,274 mil under revenues of CNY 178,636 mil in the second quarter of 2019, up 5.55% and 9.7% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of...

Construction Bank's net profit rose 5.55% yoy to CNY 77,274 mil in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank made a net profit of CNY 77,274 mil under revenues of CNY 178,636 mil in the second quarter of 2019, up 5.55% and 9.7% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of...

Construction Bank's market capitalisation (end of period) rose 2.52% to USD 189,398 mil in 2Q2019

By Helgi Library - October 23, 2019

China Construction Bank stock traded at JPY 1,645 per share at the end of second quarter of 2019 implying a market capitalization of USD 3,477 mil. Over the last five years, the stock has depreciated by 36.4 implying an annual average growth of -8.65% In ...

Construction Bank's market capitalisation (end of period) rose 2.52% to USD 189,398 mil in 2Q2019

By Helgi Library - October 23, 2019

China Construction Bank stock traded at JPY 1,645 per share at the end of second quarter of 2019 implying a market capitalization of USD 3,477 mil. Over the last five years, the stock has depreciated by 36.4 implying an annual average growth of -8.65% In ...

Construction Bank's share price (end of period) fell 3.33% yoy to HKD 5.92 in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank stock traded at HKD 5.92 per share at the end of second quarter of 2019 implying a market capitalization of USD 189,398 mil. Over the last five years, the stock has appreciated by 26.1 % implying an annual average growth of 4.75 %. In absolute ...

Construction Bank's share price (end of period) fell 3.33% yoy to HKD 5.92 in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank stock traded at HKD 5.92 per share at the end of second quarter of 2019 implying a market capitalization of USD 189,398 mil. Over the last five years, the stock has appreciated by 26.1 % implying an annual average growth of 4.75 %. In absolute ...

Construction Bank's npls (as % of loans) fell 4.24% yoy to 1.44% in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank's non-performing loans reached 1.44% of total loans at the end of 2019-06-30, down from 1.51% compared to the previous year. Historically, the NPL ratio hit an all time high of 1.72% in 2016-06-30 and an all time low of 0.980% in 2013-09-3...

Construction Bank's npls (as % of loans) fell 4.24% yoy to 1.44% in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank's non-performing loans reached 1.44% of total loans at the end of 2019-06-30, down from 1.51% compared to the previous year. Historically, the NPL ratio hit an all time high of 1.72% in 2016-06-30 and an all time low of 0.980% in 2013-09-3...

Construction Bank's price/earnings (P/E) fell 11.2% yoy to 6.42 in 2Q2019

By Helgi Library - October 10, 2019

China Construction Bank stock traded at HKD 5.92 per share at the end second quarter of 2019 implying a market capitalization of USD 189,398 mil. Since the end of 2Q2014, the stock has appreciated by 26.1 % implying an annual average growth of 4.75 %. In absolute term...

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Finance

China Construction Bank has been growing its revenues and asset by 10.2% and 11.9% a year on average in the last 10 years. Its loans and deposits have grown by 13.8% and 10.6% a year during that time and loans to deposits ratio reached 76.5% at the end of 2018. The company achieved an average return on equity of 18.8% in the last decade with net profit growing 10.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 29.8% in 2018, compared to 35.3% average in the last decade.

Equity represented 8.51% of total assets or 14.8% of loans at the end of 2018. China Construction Bank's non-performing loans were 1.47% of total loans while provisions covered some 206% of NPLs at the end of 2018.

Valuation

China Construction Bank stock traded at HKD 5.67 per share at the end of 2018 resulting in a market capitalization of USD 181,149 mil. Over the previous five years, stock price rose by 24.2% or 4.44% a year on average. That’s compared to an average ROE of 16.0% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 6.34x and price to book value (PBV) of 0.817x in 2018.