Industrial and Commercial Bank of China Ltd Net Assets
Industrial and Commercial Bank of China Ltd net assets. Based on the latest financial reports, Industrial and Commercial Bank of China Ltd (601398) has net assets worth CN¥4.36 Trillion CNY (≈ $637.40 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥57.07 Trillion ≈ $8.35 Trillion USD) and total liabilities (CN¥52.71 Trillion ≈ $7.71 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. See net asset quality index of Industrial and Commercial Bank of China to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.36 Trillion |
| % of Total Assets | 7.63% |
| Annual Growth Rate | 14.38% |
| 5-Year Change | 22.2% |
| 10-Year Change | 102.02% |
| Growth Volatility | 88.6 |
Net Assets of Industrial and Commercial Bank of China Ltd (2002–2025)
Net assets of Industrial and Commercial Bank of China Ltd from 2002 to 2025. This chart illustrates how Industrial and Commercial Bank of China Ltd's net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of Industrial and Commercial Bank of China to track the company's year-over-year net asset growth rate.
Annual Net Assets for Industrial and Commercial Bank of China Ltd (2002–2025)
The table below shows the annual net assets of Industrial and Commercial Bank of China Ltd from 2002 to 2025. For live market cap and overall valuation, see 601398 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.00 Trillion ≈ $585.66 Billion |
+0.38% |
| 2024-12-31 | CN¥3.99 Trillion ≈ $583.46 Billion |
+5.58% |
| 2023-12-31 | CN¥3.78 Trillion ≈ $552.63 Billion |
+7.43% |
| 2022-12-31 | CN¥3.52 Trillion ≈ $514.42 Billion |
+7.33% |
| 2021-12-31 | CN¥3.28 Trillion ≈ $479.27 Billion |
+12.57% |
| 2020-12-31 | CN¥2.91 Trillion ≈ $425.75 Billion |
+8.08% |
| 2019-12-31 | CN¥2.69 Trillion ≈ $393.92 Billion |
+14.80% |
| 2018-12-31 | CN¥2.34 Trillion ≈ $343.13 Billion |
+9.52% |
| 2017-12-31 | CN¥2.14 Trillion ≈ $313.30 Billion |
+8.07% |
| 2016-12-31 | CN¥1.98 Trillion ≈ $289.91 Billion |
+10.03% |
| 2015-12-31 | CN¥1.80 Trillion ≈ $263.47 Billion |
+17.12% |
| 2014-12-31 | CN¥1.54 Trillion ≈ $224.96 Billion |
+20.25% |
| 2013-12-31 | CN¥1.28 Trillion ≈ $187.08 Billion |
+13.29% |
| 2012-12-31 | CN¥1.13 Trillion ≈ $165.13 Billion |
+17.81% |
| 2011-12-31 | CN¥957.82 Billion ≈ $140.16 Billion |
+16.57% |
| 2010-12-31 | CN¥821.66 Billion ≈ $120.23 Billion |
+21.02% |
| 2009-12-31 | CN¥678.93 Billion ≈ $99.35 Billion |
+11.83% |
| 2008-12-31 | CN¥607.14 Billion ≈ $88.84 Billion |
+11.55% |
| 2007-12-31 | CN¥544.25 Billion ≈ $79.64 Billion |
+15.36% |
| 2006-12-31 | CN¥471.80 Billion ≈ $69.04 Billion |
+80.78% |
| 2005-12-31 | CN¥260.98 Billion ≈ $38.19 Billion |
+151.73% |
| 2004-12-31 | CN¥-504.50 Billion ≈ $-73.82 Billion |
+5.79% |
| 2003-12-31 | CN¥-535.48 Billion ≈ $-78.36 Billion |
-394.21% |
| 2002-12-31 | CN¥182.01 Billion ≈ $26.63 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Industrial and Commercial Bank of China Ltd'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 152571.7% over the analyzed period, indicating profitable operations and earnings retention.
Industrial and Commercial Bank of China Ltd Net Assets Breakdown (December 2025)
Industrial and Commercial Bank of China Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.18 Trillion | 54.85% |
| Common Stock | CN¥356.41 Billion | 8.97% |
| Other Comprehensive Income | CN¥1.17 Trillion | 29.55% |
| Other Components | CN¥263.35 Billion | 6.63% |
| Total Equity | CN¥3.97 Trillion | 100.00% |
Industrial and Commercial Bank of China Ltd Competitors by Market Cap
The table below lists competitors of Industrial and Commercial Bank of China Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agricultural Bank of China Ltd Class A
SHG:601288
|
$338.22 Billion |
|
Caterpillar Inc
NYSE:CAT
|
$341.98 Billion |
|
HSBC Holdings plc
MX:HBCN
|
$355.29 Billion |
|
AbbVie Inc
NYSE:ABBV
|
$356.49 Billion |
|
Lam Research Corp
NASDAQ:LRCX
|
$330.08 Billion |
|
GE Aerospace
NYSE:GE
|
$327.43 Billion |
|
Applied Materials Inc
NASDAQ:AMAT
|
$324.81 Billion |
|
Palantir Technologies Inc. Class A Common Stock
NYSE:PLTR
|
$324.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Industrial and Commercial Bank of China Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,969,841,000,000 to 3,974,529,000,000, a change of 4,688,000,000 (0.1%).
- Net income of 368,562,000,000 contributed positively to equity growth.
- Dividend payments of 143,991,000,000 reduced retained earnings.
- Share repurchases of 20,822,000,000 reduced equity.
- Other comprehensive income increased equity by 1,174,618,000,000.
- Other factors decreased equity by 1,373,679,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥368.56 Billion | +9.27% |
| Dividends Paid | CN¥143.99 Billion | -3.62% |
| Share Repurchases | CN¥20.82 Billion | -0.52% |
| Other Comprehensive Income | CN¥1.17 Trillion | +29.55% |
| Other Changes | CN¥-1.37 Trillion | -34.56% |
| Total Change | CN¥- | 0.12% |
Book Value vs Market Value Analysis
This analysis compares Industrial and Commercial Bank of China Ltd'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: 0.76x
- 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 17.29x to 0.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CN¥0.49 | CN¥8.48 | x |
| 2003-12-31 | CN¥-1.48 | CN¥8.48 | x |
| 2004-12-31 | CN¥-1.40 | CN¥8.48 | x |
| 2005-12-31 | CN¥0.71 | CN¥8.48 | x |
| 2006-12-31 | CN¥1.29 | CN¥8.48 | x |
| 2007-12-31 | CN¥1.48 | CN¥8.48 | x |
| 2008-12-31 | CN¥1.66 | CN¥8.48 | x |
| 2009-12-31 | CN¥1.85 | CN¥8.48 | x |
| 2010-12-31 | CN¥2.26 | CN¥8.48 | x |
| 2011-12-31 | CN¥2.63 | CN¥8.48 | x |
| 2012-12-31 | CN¥3.10 | CN¥8.48 | x |
| 2013-12-31 | CN¥3.51 | CN¥8.48 | x |
| 2014-12-31 | CN¥4.21 | CN¥8.48 | x |
| 2015-12-31 | CN¥4.93 | CN¥8.48 | x |
| 2016-12-31 | CN¥5.42 | CN¥8.48 | x |
| 2017-12-31 | CN¥5.86 | CN¥8.48 | x |
| 2018-12-31 | CN¥6.41 | CN¥8.48 | x |
| 2019-12-31 | CN¥7.37 | CN¥8.48 | x |
| 2020-12-31 | CN¥7.96 | CN¥8.48 | x |
| 2021-12-31 | CN¥8.97 | CN¥8.48 | x |
| 2022-12-31 | CN¥9.62 | CN¥8.48 | x |
| 2023-12-31 | CN¥10.34 | CN¥8.48 | x |
| 2024-12-31 | CN¥10.63 | CN¥8.48 | x |
| 2025-12-31 | CN¥11.15 | CN¥8.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Industrial and Commercial Bank of China Ltd 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): 9.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.87%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 13.46x
- Recent ROE (9.27%) is below the historical average (12.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.66% | 7.13% | 0.02x | 26.80x | CN¥-11.29 Billion |
| 2003 | 0.00% | 11.66% | 0.04x | 0.00x | CN¥76.08 Billion |
| 2004 | 0.00% | 14.57% | 0.04x | 0.00x | CN¥81.58 Billion |
| 2005 | 14.56% | 14.91% | 0.04x | 25.13x | CN¥11.71 Billion |
| 2006 | 10.43% | 27.23% | 0.02x | 16.08x | CN¥2.03 Billion |
| 2007 | 15.08% | 31.97% | 0.03x | 16.11x | CN¥27.36 Billion |
| 2008 | 18.36% | 35.99% | 0.03x | 16.18x | CN¥50.45 Billion |
| 2009 | 19.08% | 41.83% | 0.03x | 17.49x | CN¥61.21 Billion |
| 2010 | 20.13% | 43.61% | 0.03x | 16.40x | CN¥83.11 Billion |
| 2011 | 21.77% | 44.05% | 0.03x | 16.18x | CN¥112.59 Billion |
| 2012 | 21.20% | 48.04% | 0.03x | 15.59x | CN¥126.03 Billion |
| 2013 | 20.61% | 48.55% | 0.03x | 14.85x | CN¥135.24 Billion |
| 2014 | 18.02% | 47.68% | 0.03x | 13.46x | CN¥122.73 Billion |
| 2015 | 15.49% | 47.60% | 0.03x | 12.41x | CN¥98.18 Billion |
| 2016 | 14.13% | 50.14% | 0.02x | 12.25x | CN¥81.27 Billion |
| 2017 | 13.45% | 47.62% | 0.02x | 12.26x | CN¥73.30 Billion |
| 2018 | 12.78% | 48.38% | 0.02x | 11.89x | CN¥64.68 Billion |
| 2019 | 11.67% | 51.99% | 0.02x | 11.25x | CN¥44.61 Billion |
| 2020 | 10.92% | 52.54% | 0.02x | 11.52x | CN¥26.56 Billion |
| 2021 | 10.69% | 52.92% | 0.02x | 10.80x | CN¥22.56 Billion |
| 2022 | 10.33% | 54.46% | 0.02x | 11.33x | CN¥11.61 Billion |
| 2023 | 9.69% | 55.35% | 0.01x | 11.90x | CN¥-11.70 Billion |
| 2024 | 9.22% | 55.40% | 0.01x | 12.30x | CN¥-31.12 Billion |
| 2025 | 9.27% | 23.87% | 0.03x | 13.46x | CN¥-28.89 Billion |
Industry Comparison
This section compares Industrial and Commercial Bank of China Ltd's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $352,278,250,000
- Average return on equity (ROE) among peers: 11.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Industrial and Commercial Bank of China Ltd (601398) | CN¥4.36 Trillion | 3.66% | 12.10x | $334.56 Billion |
| Agricultural Bank of China Ltd Class A (601288) | $78.06 Billion | 2.57% | 50.42x | $338.22 Billion |
| Bank of Communications Co (601328) | $81.90 Billion | 11.61% | 16.35x | $63.16 Billion |
| China Construction Bank Co (601939) | $287.68 Billion | 16.37% | 14.94x | $35.49 Billion |
| Bank of China Limited (601988) | $961.48 Billion | 16.32% | 13.43x | $241.60 Billion |
About Industrial and Commercial Bank of China Ltd
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers corporate loans, trade financing, deposit-taking activities, corporate wealth management service… Read more