Agricultural Bank of China Ltd Class A (601288) - Net Assets
Based on the latest financial reports, Agricultural Bank of China Ltd Class A (601288) has net assets worth CN¥3.30 Trillion CNY (≈ $483.36 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥51.03 Trillion ≈ $7.47 Trillion USD) and total liabilities (CN¥47.73 Trillion ≈ $6.98 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore 601288 operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.30 Trillion |
| % of Total Assets | 6.47% |
| Annual Growth Rate | 14.78% |
| 5-Year Change | 33.95% |
| 10-Year Change | 145.41% |
| Growth Volatility | 204.22 |
Agricultural Bank of China Ltd Class A - Net Assets Trend (2002–2025)
This chart illustrates how Agricultural Bank of China Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore Agricultural Bank of China Ltd Class A strategic investment ratio to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Agricultural Bank of China Ltd Class A (2002–2025)
The table below shows the annual net assets of Agricultural Bank of China Ltd Class A from 2002 to 2025. For live valuation and market cap data, see Agricultural Bank of China Ltd Class A (601288) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.24 Trillion ≈ $474.61 Billion |
+4.72% |
| 2024-12-31 | CN¥3.10 Trillion ≈ $453.23 Billion |
+6.92% |
| 2023-12-31 | CN¥2.90 Trillion ≈ $423.90 Billion |
+8.34% |
| 2022-12-31 | CN¥2.67 Trillion ≈ $391.26 Billion |
+10.42% |
| 2021-12-31 | CN¥2.42 Trillion ≈ $354.32 Billion |
+9.53% |
| 2020-12-31 | CN¥2.21 Trillion ≈ $323.50 Billion |
+13.15% |
| 2019-12-31 | CN¥1.95 Trillion ≈ $285.91 Billion |
+16.66% |
| 2018-12-31 | CN¥1.67 Trillion ≈ $245.07 Billion |
+17.17% |
| 2017-12-31 | CN¥1.43 Trillion ≈ $209.17 Billion |
+8.16% |
| 2016-12-31 | CN¥1.32 Trillion ≈ $193.39 Billion |
+9.05% |
| 2015-12-31 | CN¥1.21 Trillion ≈ $177.34 Billion |
+17.36% |
| 2014-12-31 | CN¥1.03 Trillion ≈ $151.10 Billion |
+22.27% |
| 2013-12-31 | CN¥844.54 Billion ≈ $123.58 Billion |
+12.40% |
| 2012-12-31 | CN¥751.35 Billion ≈ $109.95 Billion |
+15.63% |
| 2011-12-31 | CN¥649.79 Billion ≈ $95.08 Billion |
+19.83% |
| 2010-12-31 | CN¥542.24 Billion ≈ $79.35 Billion |
+58.12% |
| 2009-12-31 | CN¥342.93 Billion ≈ $50.18 Billion |
+18.03% |
| 2008-12-31 | CN¥290.54 Billion ≈ $42.52 Billion |
+139.93% |
| 2007-12-31 | CN¥-727.61 Billion ≈ $-106.47 Billion |
-966.18% |
| 2006-12-31 | CN¥84.00 Billion ≈ $12.29 Billion |
+5.52% |
| 2005-12-31 | CN¥79.61 Billion ≈ $11.65 Billion |
+1.98% |
| 2004-12-31 | CN¥78.06 Billion ≈ $11.42 Billion |
-43.42% |
| 2003-12-31 | CN¥137.97 Billion ≈ $20.19 Billion |
+1.42% |
| 2002-12-31 | CN¥136.04 Billion ≈ $19.91 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Agricultural Bank of China Ltd Class A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 127260300000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.27 Trillion | 39.31% |
| Other Components | CN¥1.96 Trillion | 60.69% |
| Total Equity | CN¥3.24 Trillion | 100.00% |
Agricultural Bank of China Ltd Class A Competitors by Market Cap
The table below lists competitors of Agricultural Bank of China Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Morgan Stanley
NYSE:MS
|
$304.56 Billion |
|
Cisco Systems Inc
NASDAQ:CSCO
|
$309.49 Billion |
|
The Home Depot Inc
NYSE:HD
|
$310.12 Billion |
|
GE Aerospace
NYSE:GE
|
$314.25 Billion |
|
Morgan Stanley
SA:MSBR34
|
$293.89 Billion |
|
AstraZeneca PLC
MX:AZNN
|
$290.50 Billion |
|
Industrial and Commercial Bank of China Ltd
SHG:601398
|
$289.58 Billion |
|
General Electric Company
SA:GEOO34
|
$289.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Agricultural Bank of China Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,090,808,000,000 to 3,237,182,000,000, a change of 146,374,000,000 (4.7%).
- Net income of 291,041,000,000 contributed positively to equity growth.
- Dividend payments of 232,861,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 675,235,000,000.
- Other factors increased equity by 763,429,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥291.04 Billion | +8.99% |
| Dividends Paid | CN¥232.86 Billion | -7.19% |
| Other Comprehensive Income | CN¥-675.24 Billion | -20.86% |
| Other Changes | CN¥763.43 Billion | +23.58% |
| Total Change | CN¥- | 4.74% |
Book Value vs Market Value Analysis
This analysis compares Agricultural Bank of China Ltd Class A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.70x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 21.48x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.30 | CN¥6.45 | x |
| 2005-12-31 | CN¥0.31 | CN¥6.45 | x |
| 2006-12-31 | CN¥0.32 | CN¥6.45 | x |
| 2007-12-31 | CN¥-2.80 | CN¥6.45 | x |
| 2008-12-31 | CN¥1.12 | CN¥6.45 | x |
| 2009-12-31 | CN¥1.32 | CN¥6.45 | x |
| 2010-12-31 | CN¥1.89 | CN¥6.45 | x |
| 2011-12-31 | CN¥2.02 | CN¥6.45 | x |
| 2012-12-31 | CN¥2.31 | CN¥6.45 | x |
| 2013-12-31 | CN¥2.60 | CN¥6.45 | x |
| 2014-12-31 | CN¥3.16 | CN¥6.45 | x |
| 2015-12-31 | CN¥3.73 | CN¥6.45 | x |
| 2016-12-31 | CN¥4.04 | CN¥6.45 | x |
| 2017-12-31 | CN¥4.39 | CN¥6.45 | x |
| 2018-12-31 | CN¥4.95 | CN¥6.45 | x |
| 2019-12-31 | CN¥5.57 | CN¥6.45 | x |
| 2020-12-31 | CN¥6.30 | CN¥6.45 | x |
| 2021-12-31 | CN¥6.90 | CN¥6.45 | x |
| 2022-12-31 | CN¥7.62 | CN¥6.45 | x |
| 2023-12-31 | CN¥8.26 | CN¥6.45 | x |
| 2024-12-31 | CN¥8.83 | CN¥6.45 | x |
| 2025-12-31 | CN¥9.25 | CN¥6.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Agricultural Bank of China Ltd Class A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.19%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 15.07x
- Recent ROE (8.99%) is below the historical average (11.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 2.57% | 1.81% | 0.03x | 51.42x | CN¥-5.80 Billion |
| 2005 | 1.31% | 0.89% | 0.02x | 59.93x | CN¥-6.92 Billion |
| 2006 | 6.91% | 3.46% | 0.03x | 63.62x | CN¥-2.59 Billion |
| 2007 | 0.00% | 24.43% | 0.03x | 0.00x | CN¥116.55 Billion |
| 2008 | 17.72% | 24.37% | 0.03x | 24.15x | CN¥22.43 Billion |
| 2009 | 18.96% | 29.24% | 0.03x | 25.91x | CN¥30.71 Billion |
| 2010 | 17.50% | 32.67% | 0.03x | 19.07x | CN¥40.67 Billion |
| 2011 | 18.77% | 32.29% | 0.03x | 17.98x | CN¥56.97 Billion |
| 2012 | 19.35% | 39.14% | 0.03x | 17.66x | CN¥70.11 Billion |
| 2013 | 19.73% | 40.29% | 0.03x | 17.27x | CN¥82.00 Billion |
| 2014 | 17.41% | 39.34% | 0.03x | 15.49x | CN¥76.35 Billion |
| 2015 | 14.92% | 39.54% | 0.03x | 14.70x | CN¥59.57 Billion |
| 2016 | 13.95% | 43.41% | 0.02x | 14.85x | CN¥52.12 Billion |
| 2017 | 13.53% | 43.38% | 0.02x | 14.76x | CN¥50.32 Billion |
| 2018 | 12.14% | 43.52% | 0.02x | 13.54x | CN¥35.75 Billion |
| 2019 | 10.89% | 43.22% | 0.02x | 12.77x | CN¥17.26 Billion |
| 2020 | 9.79% | 43.65% | 0.02x | 12.34x | CN¥-4.55 Billion |
| 2021 | 9.99% | 43.39% | 0.02x | 12.04x | CN¥-277.50 Million |
| 2022 | 9.72% | 47.13% | 0.02x | 12.72x | CN¥-7.57 Billion |
| 2023 | 9.32% | 48.17% | 0.01x | 13.80x | CN¥-19.57 Billion |
| 2024 | 9.13% | 48.66% | 0.01x | 13.99x | CN¥-27.00 Billion |
| 2025 | 8.99% | 40.19% | 0.01x | 15.07x | CN¥-32.68 Billion |
Industry Comparison
This section compares Agricultural Bank of China Ltd Class A's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $501,539,750,000
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Agricultural Bank of China Ltd Class A (601288) | CN¥3.30 Trillion | 2.57% | 14.45x | $301.31 Billion |
| Bank of Communications Co (601328) | $632.41 Billion | 10.63% | 12.29x | $53.48 Billion |
| Industrial and Commercial Bank of China Ltd (601398) | $182.01 Billion | 3.59% | 25.25x | $289.58 Billion |
| China Construction Bank Co (601939) | $330.20 Billion | 14.03% | 15.50x | $31.56 Billion |
| Bank of China Limited (601988) | $861.54 Billion | 16.21% | 13.72x | $208.43 Billion |
About Agricultural Bank of China Ltd Class A
Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, Treasury operations, and Others segments. The Corporate Banking segment offers corporate loans and advances, trade finance, deposit products, corporate wealth management services, and other corporate intermediary services. Th… Read more