Bank of China Limited (601988) - Net Assets
Based on the latest financial reports, Bank of China Limited (601988) has net assets worth CN¥3.21 Trillion CNY (≈ $469.45 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥38.36 Trillion ≈ $5.61 Trillion USD) and total liabilities (CN¥35.15 Trillion ≈ $5.14 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 Bank of China Limited operating cash flow efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.21 Trillion |
| % of Total Assets | 8.36% |
| Annual Growth Rate | 12.74% |
| 5-Year Change | 36.48% |
| 10-Year Change | 115.73% |
| Growth Volatility | 11.12 |
Bank of China Limited - Net Assets Trend (2003–2025)
This chart illustrates how Bank of China Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market value of Bank of China Limited.
Annual Net Assets for Bank of China Limited (2003–2025)
The table below shows the annual net assets of Bank of China Limited from 2003 to 2025. Read Bank of China Limited total liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.21 Trillion ≈ $469.45 Billion |
+8.64% |
| 2024-12-31 | CN¥2.95 Trillion ≈ $432.11 Billion |
+7.12% |
| 2023-12-31 | CN¥2.76 Trillion ≈ $403.41 Billion |
+7.55% |
| 2022-12-31 | CN¥2.56 Trillion ≈ $375.09 Billion |
+9.05% |
| 2021-12-31 | CN¥2.35 Trillion ≈ $343.96 Billion |
+8.68% |
| 2020-12-31 | CN¥2.16 Trillion ≈ $316.49 Billion |
+9.42% |
| 2019-12-31 | CN¥1.98 Trillion ≈ $289.25 Billion |
+14.56% |
| 2018-12-31 | CN¥1.73 Trillion ≈ $252.48 Billion |
+9.43% |
| 2017-12-31 | CN¥1.58 Trillion ≈ $230.72 Billion |
+6.02% |
| 2016-12-31 | CN¥1.49 Trillion ≈ $217.61 Billion |
+9.54% |
| 2015-12-31 | CN¥1.36 Trillion ≈ $198.66 Billion |
+14.72% |
| 2014-12-31 | CN¥1.18 Trillion ≈ $173.17 Billion |
+23.08% |
| 2013-12-31 | CN¥961.48 Billion ≈ $140.69 Billion |
+11.60% |
| 2012-12-31 | CN¥861.54 Billion ≈ $126.07 Billion |
+13.79% |
| 2011-12-31 | CN¥757.14 Billion ≈ $110.79 Billion |
+11.98% |
| 2010-12-31 | CN¥676.15 Billion ≈ $98.94 Billion |
+23.97% |
| 2009-12-31 | CN¥545.39 Billion ≈ $79.81 Billion |
+10.43% |
| 2008-12-31 | CN¥493.90 Billion ≈ $72.27 Billion |
+8.55% |
| 2007-12-31 | CN¥454.99 Billion ≈ $66.58 Billion |
+9.03% |
| 2006-12-31 | CN¥417.32 Billion ≈ $61.07 Billion |
+58.91% |
| 2005-12-31 | CN¥262.62 Billion ≈ $38.43 Billion |
+12.84% |
| 2004-12-31 | CN¥232.74 Billion ≈ $34.06 Billion |
+1.42% |
| 2003-12-31 | CN¥229.48 Billion ≈ $33.58 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Bank of China Limited'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 130906800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.28 Trillion | 41.85% |
| Other Components | CN¥1.78 Trillion | 58.15% |
| Total Equity | CN¥3.06 Trillion | 100.00% |
Bank of China Limited Competitors by Market Cap
The table below lists competitors of Bank of China Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BHP Group
MX:BHPN
|
$203.04 Billion |
|
Nestle S.A.
SW:NESN
|
$203.05 Billion |
|
LOREAL ADR 1/5/EO 02
F:LORA
|
$204.17 Billion |
|
SAP SE
F:SAPA
|
$204.91 Billion |
|
SAP SE
F:SAP
|
$202.52 Billion |
|
Hermes International SCA
PA:RMS
|
$201.99 Billion |
|
BHP Group Ltd
AU:BHP
|
$201.67 Billion |
|
HERMES INTL UNSP.ADR 1/10
F:HMIA
|
$199.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank of China Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,816,231,000,000 to 3,064,044,000,000, a change of 247,813,000,000 (8.8%).
- Net income of 243,021,000,000 contributed positively to equity growth.
- Dividend payments of 143,233,000,000 reduced retained earnings.
- Other factors increased equity by 148,025,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥243.02 Billion | +7.93% |
| Dividends Paid | CN¥143.23 Billion | -4.67% |
| Other Changes | CN¥148.03 Billion | +4.83% |
| Total Change | CN¥- | 8.80% |
Book Value vs Market Value Analysis
This analysis compares Bank of China Limited'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: 0.61x
- 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 5.40x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥1.08 | CN¥5.81 | x |
| 2004-12-31 | CN¥1.09 | CN¥5.81 | x |
| 2005-12-31 | CN¥1.24 | CN¥5.81 | x |
| 2006-12-31 | CN¥1.90 | CN¥5.81 | x |
| 2007-12-31 | CN¥1.61 | CN¥5.81 | x |
| 2008-12-31 | CN¥1.78 | CN¥5.81 | x |
| 2009-12-31 | CN¥1.98 | CN¥5.81 | x |
| 2010-12-31 | CN¥2.41 | CN¥5.81 | x |
| 2011-12-31 | CN¥2.50 | CN¥5.81 | x |
| 2012-12-31 | CN¥2.84 | CN¥5.81 | x |
| 2013-12-31 | CN¥3.16 | CN¥5.81 | x |
| 2014-12-31 | CN¥3.88 | CN¥5.81 | x |
| 2015-12-31 | CN¥4.43 | CN¥5.81 | x |
| 2016-12-31 | CN¥4.80 | CN¥5.81 | x |
| 2017-12-31 | CN¥5.08 | CN¥5.81 | x |
| 2018-12-31 | CN¥5.48 | CN¥5.81 | x |
| 2019-12-31 | CN¥6.29 | CN¥5.81 | x |
| 2020-12-31 | CN¥6.45 | CN¥5.81 | x |
| 2021-12-31 | CN¥7.56 | CN¥5.81 | x |
| 2022-12-31 | CN¥7.70 | CN¥5.81 | x |
| 2023-12-31 | CN¥8.39 | CN¥5.81 | x |
| 2024-12-31 | CN¥8.88 | CN¥5.81 | x |
| 2025-12-31 | CN¥9.51 | CN¥5.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank of China Limited 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): 7.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.98%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 12.52x
- Recent ROE (7.93%) is below the historical average (12.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 14.09% | 21.55% | 0.03x | 19.53x | CN¥8.33 Billion |
| 2004 | 10.19% | 14.08% | 0.03x | 20.80x | CN¥396.90 Million |
| 2005 | 11.76% | 23.69% | 0.02x | 20.28x | CN¥4.11 Billion |
| 2006 | 10.82% | 28.68% | 0.03x | 13.77x | CN¥3.16 Billion |
| 2007 | 13.24% | 29.14% | 0.03x | 14.11x | CN¥13.75 Billion |
| 2008 | 13.57% | 27.92% | 0.03x | 14.85x | CN¥16.71 Billion |
| 2009 | 15.69% | 34.93% | 0.03x | 16.99x | CN¥29.32 Billion |
| 2010 | 16.21% | 37.86% | 0.03x | 16.24x | CN¥40.00 Billion |
| 2011 | 17.15% | 37.90% | 0.03x | 16.34x | CN¥51.79 Billion |
| 2012 | 16.93% | 38.21% | 0.03x | 15.38x | CN¥57.19 Billion |
| 2013 | 16.98% | 38.61% | 0.03x | 15.02x | CN¥64.52 Billion |
| 2014 | 14.87% | 37.27% | 0.03x | 13.37x | CN¥55.51 Billion |
| 2015 | 13.09% | 36.20% | 0.03x | 12.89x | CN¥40.35 Billion |
| 2016 | 11.66% | 34.09% | 0.03x | 12.86x | CN¥23.41 Billion |
| 2017 | 11.52% | 35.76% | 0.02x | 13.01x | CN¥22.81 Billion |
| 2018 | 11.16% | 35.87% | 0.02x | 13.19x | CN¥18.79 Billion |
| 2019 | 10.12% | 34.19% | 0.02x | 12.30x | CN¥2.23 Billion |
| 2020 | 9.46% | 34.11% | 0.02x | 11.97x | CN¥-10.97 Billion |
| 2021 | 9.73% | 22.36% | 0.04x | 12.01x | CN¥-5.96 Billion |
| 2022 | 9.35% | 22.51% | 0.03x | 11.92x | CN¥-15.88 Billion |
| 2023 | 8.82% | 19.26% | 0.04x | 12.33x | CN¥-31.05 Billion |
| 2024 | 8.45% | 19.00% | 0.04x | 12.45x | CN¥-43.78 Billion |
| 2025 | 7.93% | 36.98% | 0.02x | 12.52x | CN¥-63.38 Billion |
Industry Comparison
This section compares Bank of China Limited's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $665,319,250,000
- Average return on equity (ROE) among peers: 13.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank of China Limited (601988) | CN¥3.21 Trillion | 14.09% | 10.96x | $202.85 Billion |
| Agricultural Bank of China Ltd Class A (601288) | $1.32 Trillion | 13.92% | 13.81x | $328.88 Billion |
| Bank of Communications Co (601328) | $51.66 Billion | 2.32% | 21.10x | $54.49 Billion |
| Industrial and Commercial Bank of China Ltd (601398) | $957.82 Billion | 21.74% | 15.16x | $299.05 Billion |
| China Construction Bank Co (601939) | $330.20 Billion | 14.03% | 15.50x | $30.19 Billion |
About Bank of China Limited
Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. The company operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other. The Corporate Banking segment provides current accounts, deposits, overdrafts, loans,… Read more