Top Page
China CITIC Bank
(OTC:0998)
China CITIC Bank (0998) vs. iShares MSCI Hong Kong ETF (EWH)
China CITIC Bank Business Overview & Revenue Model
China CITIC Bank Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 231.64B | 152.60B | 143.97B | 140.03B | 127.55B | 112.92B |
| Gross Profit | 195.18B | 152.60B | 143.97B | 140.03B | 127.55B | 112.92B |
| EBITDA | 83.73B | 0.00 | 0.00 | 77.56B | 69.00B | 0.00 |
| Net Income | 69.56B | 68.58B | 67.02B | 62.10B | 55.64B | 48.98B |
Balance Sheet | ||||||
| Total Assets | 9.86T | 9.53T | 9.05T | 8.55T | 8.04T | 7.51T |
| Cash, Cash Equivalents and Short-Term Investments | 972.70B | 887.49B | 746.93B | 780.36B | 696.80B | 743.22B |
| Total Debt | 1.50T | 260.20B | 1.06T | 1.06T | 1.05T | 195.78B |
| Total Liabilities | 9.03T | 8.73T | 8.32T | 7.86T | 7.40T | 6.95T |
| Stockholders Equity | 814.30B | 789.26B | 717.22B | 665.42B | 626.30B | 544.57B |
Cash Flow | ||||||
| Free Cash Flow | 150.61B | -199.81B | -14.44B | 188.27B | -79.88B | 152.24B |
| Operating Cash Flow | 189.53B | -181.03B | -918.00M | 195.07B | -75.39B | 156.86B |
| Investing Cash Flow | -262.31B | -29.53B | 1.89B | -115.87B | -206.79B | -218.25B |
| Financing Cash Flow | 114.56B | 220.80B | -63.10B | -32.54B | 219.92B | 45.97B |
China CITIC Bank Technical Analysis
China CITIC Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$388.23B | 9.62 | ― | 4.65% | 1.90% | 12.81% | |
77 Outperform | HK$720.13B | 6.00 | ― | 5.26% | -1.72% | 2.83% | |
76 Outperform | HK$221.71B | 15.50 | ― | 5.92% | 4.44% | -15.39% | |
72 Outperform | HK$190.49B | 5.74 | ― | 8.83% | -7.28% | -5.00% | |
69 Neutral | $429.12B | 5.02 | 9.71% | 5.77% | -3.87% | -4.08% | |
63 Neutral | HK$215.05B | 4.59 | 7.04% | 6.29% | -8.41% | -5.52% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
China CITIC Bank Corporate Events
China CITIC Bank has announced the official appointment of Mr. Lu Wei as its new President, following approval from the National Financial Regulatory Administration. This leadership change is expected to influence the bank’s strategic direction and operational focus, potentially impacting its market positioning and stakeholder relations.
China CITIC Bank Corporation Limited has announced that its board of directors will meet on April 29, 2025, to review and approve the quarterly financial results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the bank’s financial performance and strategic direction, impacting stakeholders and potentially influencing its market position.
China CITIC Bank has announced the composition of its seventh session board of directors, detailing the roles and functions of each member. This announcement outlines the leadership structure, which includes executive, non-executive, and independent non-executive directors, highlighting the bank’s commitment to strategic governance and oversight through its various board committees.
China CITIC Bank Corporation Limited announced the resignation of Mr. Cao Guoqiang, a non-executive director, effective April 8, 2025, due to his retirement. Mr. Cao, who served the bank for 20 years in various capacities, played a significant role in the bank’s development and reform initiatives, contributing to its high-quality growth. His departure is acknowledged with gratitude by the board for his exceptional contributions.
China CITIC Bank Corporation Limited announced a final cash dividend for the year ending December 31, 2024, set at RMB 1.722 per 10 shares. The dividend will be paid on August 15, 2025, with shareholders having the option to receive the dividend in Hong Kong dollars, with the exchange rate to be announced. The announcement also details the withholding tax rates applicable to non-resident shareholders, which vary based on tax agreements between China and other countries. This dividend declaration reflects the bank’s financial performance and commitment to returning value to its shareholders, potentially enhancing its market position and investor confidence.
China CITIC Bank has announced an extension of the effective period for its general meeting resolutions concerning the issuance of rights shares to existing shareholders. This extension, approved by the bank’s board, is intended to ensure continuity and effectiveness as the rights issue awaits regulatory approval. The new expiration date for these resolutions is set for June 22, 2026, allowing the bank more time to implement the rights issue plan, which remains unchanged except for the extension.
China CITIC Bank has announced its annual results for the year ended December 31, 2024, which have been reviewed by KPMG and the bank’s Audit and Related Party Transactions Control Committee. The bank proposes a profit distribution plan for 2024, including a cash dividend of RMB1.722 per 10 shares, totaling RMB19.455 billion for the year. The proposal is subject to approval at the upcoming 2024 Annual General Meeting. The bank’s register of members will be closed from June 27 to July 2, 2025, to finalize the dividend distribution, which is planned for August 15, 2025.
China CITIC Bank announced the successful conclusion of its 2025 First Extraordinary General Meeting and Shareholders Class Meetings held on March 25, 2025. The meetings, chaired by Chairman Mr. Fang Heying, saw a significant turnout with both on-site and online voting mechanisms employed. All proposed resolutions were passed, reflecting strong shareholder support and compliance with relevant legal provisions, which underscores the bank’s robust governance and commitment to stakeholder engagement.
China CITIC Bank has announced the official appointment of Mr. Gu Lingyun as the Vice President, following approval from the National Administration of Financial Regulation. This leadership change is expected to influence the bank’s strategic direction and operational management, potentially impacting its market positioning and stakeholder relations.
China CITIC Bank Corporation Limited has announced that its board of directors will convene on March 26, 2025, to review and approve the annual financial results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment, highlighting the bank’s ongoing commitment to shareholder returns.
China CITIC Bank Corporation Limited announced the resignation of its Vice President, Mr. Lü Tiangui, effective March 10, 2025, due to a change in work arrangements. The board expressed gratitude for Mr. Lü’s contributions, and he confirmed no disagreements or claims against the bank, indicating a smooth transition for the company.
China CITIC Bank has successfully completed the redemption of its CITIC Convertible Bonds, initially issued in 2019, with a total value of RMB40 billion. The redemption process resulted in the conversion of nearly all the bonds into A-share ordinary shares, significantly increasing the bank’s share capital by 13.71%. This strategic move enhances the bank’s equity base and may strengthen its market position by improving its financial flexibility and capital structure.
China CITIC Bank has announced the scheduling of its First Extraordinary General Meeting of 2025, set for March 25 in Beijing. Key agenda items include the election of executive and non-executive directors for the seventh session of the Board, and a special resolution to extend the authorization period for the Board to handle matters related to a Rights Issue. The decisions made in this meeting are likely to impact the bank’s governance structure and strategic direction, potentially affecting stakeholders, including shareholders, due to changes in leadership and policy extensions.
China CITIC Bank Corporation Limited has announced the scheduling of its First H Shareholders Class Meeting of 2025, set to take place on March 25, 2025, in Beijing, China. This meeting will address a special resolution proposal regarding the extension of the authorization period for the Board of Directors to manage matters related to a rights issue, potentially impacting the bank’s governance and shareholder engagement.
China CITIC Bank has announced the redemption upon maturity and subsequent delisting of its CITIC Convertible Bonds, initially issued in March 2019 with a maturity period of six years. The bank plans to redeem the bonds at RMB111 per bond, inclusive of interest, with the final trading date set for 26 February 2025 and delisting on 4 March 2025. This move marks a significant step in managing its financial instruments and obligations, potentially impacting bondholders as they decide on conversion options or redemption.
China CITIC Bank has announced changes in its executive leadership with the resignation of Mr. Liu Cheng as President and executive director due to a change in work arrangements. Liu Cheng played a significant role in the bank’s development, emphasizing strategic plans and risk management. Lu Wei, with extensive experience in the Chinese banking industry, has been appointed as the new President, effective upon regulatory approval. This leadership transition is expected to continue the bank’s strategic focus on supporting the real economy through various financial services.
China CITIC Bank has announced the composition of its seventh session Board of Directors, detailing the roles and functions of its Executive, Non-executive, and Independent Non-executive Directors. The announcement outlines the leadership and committee assignments, reflecting an emphasis on strategic development and governance, which could impact the bank’s operational focus and stakeholder engagement.