Financials Agricultural Bank of China Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 03:09:14 2026-02-10 EST			5-day change	1st Jan Change
5.520 ^HKD	+0.18%		+2.41%	-4.50%

02-08	Certain A Shares of Hunan Yuneng New Energy Battery Material Co.,Ltd. are subject to a Lock-Up Agreement Ending on 9-FEB-2026.	CI
02-02	Commodity Market Volatility Drags South Korean Shares Lower	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	659,332	721,746	725,499	695,468	710,555	718,057	757,480	803,745
Change	-	9.47%	0.52%	-4.14%	2.17%	1.06%	5.49%	6.11%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	429,435	461,471	451,476	443,163	449,375	458,178	491,150	530,687
Change	-	7.46%	-2.17%	-1.84%	1.4%	1.96%	7.2%	8.05%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	265,050	295,880	306,216	307,419	319,201	324,661	338,133	361,663
Change	-	11.63%	3.49%	0.39%	3.83%	1.71%	4.15%	6.96%
Net income ¹	215,925	241,183	259,140	269,356	282,083	283,105	294,141	314,364
Change	-	11.7%	7.45%	3.94%	4.72%	0.36%	3.9%	6.88%
Announcement Date	3/30/21	3/30/22	3/30/23	3/28/24	3/28/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q2	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	159,717	194,499	171,755	179,627	175,865	181,802	160,099	176,429	167,854	161,820	186,147	180,993	173,519	169,896	186,674	183,058	180,981	171,471
Change	-	21.78%	-11.69%	4.58%	-2.09%	3.38%	-11.94%	10.2%	-4.86%	-3.59%	15.03%	-2.77%	-4.13%	-2.09%	9.88%	-1.94%	-1.13%	-5.25%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	90,389	130,857	118,706	123,034	-	123,336	73,234	118,672	108,727	-	135,072	-	113,993	78,267	135,058	123,424	118,037	80,734
Change	-	44.77%	-9.29%	3.65%	-	-	-40.62%	62.04%	-8.38%	-	-	-	-	-31.34%	72.56%	-8.61%	-4.36%	-31.6%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	72,708	-	-	-	71,448	72,942	81,441	-	79,439	-	83,875	-	-	-	-	-
Change	-	-	-	-	-	-	-	2.09%	11.65%	-	-	-	-	-	-	-	-	-
Net income	50,590	65,861	56,417	64,431	-	58,195	61,635	61,680	74,122	-	70,386	65,506	78,480	-	-	-	-	-
Change	-	30.19%	-14.34%	14.2%	-	-	5.91%	0.07%	20.17%	-	-	-6.93%	19.81%	-	-	-	-	-
Announcement Date	3/30/21	4/29/21	8/30/21	10/28/21	3/30/22	8/29/22	3/30/23	8/29/23	10/27/23	3/28/24	4/29/24	8/30/24	10/30/24	3/28/25	4/29/25	8/29/25	10/30/25	-

¹CNY in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1
Net sales ¹	366,254	-	387,659
Change	-	-	-
EBITDA	-	-	-
Change	-	-	-
EBIT ¹	249,563	211,908	261,688
Change	-	-15.09%	23.49%
Charge d'intérêts	-	-	-
Earnings before Tax (EBT)	-	-	-
Change	-	-	-
Net income ¹	122,278	-	128,945
Change	-	-	-
Announcement Date	8/30/21	3/30/22	8/29/22

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	3/30/21	3/30/22	3/30/23	3/28/24	3/28/25	-	-	-

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	14,110	22,844	26,033	22,092	28,827	24,223
Change	-	61.9%	13.96%	-15.14%	30.49%	-15.97%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/30/20	3/30/21	3/30/22	3/30/23	3/28/24	4/28/25

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	65.13%	63.94%	62.23%	63.72%	63.24%	63.81%	64.84%	66.03%
EBT Margin (%)	-	40.2%	41%	42.21%	44.2%	44.92%	45.21%	44.64%	45%
Net margin (%)	-	32.75%	33.42%	35.72%	38.73%	39.7%	39.43%	38.83%	39.11%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.83%	0.86%	0.82%	0.73%	0.68%	0.64%	0.6%	0.61%
ROE	-	11.35%	11.57%	11.28%	10.91%	10.46%	9.89%	9.56%	9.52%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.1851	0.2068	0.2222	0.2309	0.2419	0.2465	0.2529	0.2623
Change	-	-	11.72%	7.45%	3.92%	4.76%	1.92%	2.58%	3.74%
Book Value Per Share ¹	-	6.3	6.899	6.37	6.88	7.4	8.061	8.585	9.149
Change	-	-	9.52%	-7.67%	8.01%	7.56%	8.94%	6.49%	6.57%
EPS ¹	-	0.59	0.65	0.69	0.72	0.75	0.7911	0.8134	0.8632
Change	-	-	10.17%	6.15%	4.35%	4.17%	5.48%	2.81%	6.13%
Nbr of stocks (in thousands)	-	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034	349,983,034
Announcement Date	-	3/30/21	3/30/22	3/30/23	3/28/24	3/28/25	-	-	-