Industrial and Commercial Bank of China Limited (HKEX:1398) Annual Report 2021



The latest annual report of Industrial and Commercial Bank of China Limited (1398) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 1398 Annual Results

Amounts in CNY

Total Revenue
742.77B
Gross Profit
742.77B
EBIT
-
Net Tangible Assets
3.09T
Net Income
348.34B
Capital Expenditures
-27.58B

1398 Income Statement 2021 Annual Report

As per the latest Income Statement of 1398, the Net revenue increased by ¥58.566B (9%) compared to the previous period. The operating income in 2021 increased by ¥30.606B (8%). The net income as per the annual report was 348.34B which increased by ¥32.432B (10%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue742.77B684.21B
Gross Profit742.77B684.21B
Operating Income426.2B395.59B
Income Before Tax424.9B392.13B
Net Income348.34B315.91B

Balance Sheet - 1398 2021 Annual Report

Read further: 1398 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Industrial and Commercial Bank of China Limited showed the company reduced the cash on balance sheet by ¥-378.51B (-32%). The Net tangible assets of 1398 on the balance sheet were at 3.09T which is ¥368.832B (14%) more than previous annual report. The total stockholder equity also increased by ¥368.795B (13%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash786.83B1.17T
Total Assets35.17T 33.35T
Long Term Debt812.14B811.7B
Total Liabilities31.9T 30.44T
Total Shareholder Equity3.12T2.75T
Net Tangible Assets3.09T2.72T

Cash Flow Statement - 1398 2021 Annual Report

The 2021 annual cash flow statement of Industrial and Commercial Bank of China Limited showed that the net income increased by ¥32.432B (10%) compared to previous reporting period. Also the capital expenditure of 1398 increased by ¥10.421B (27%).

As of 2021, the total cash from investing activities was -674.56B and total cash from financing activities was -11.55B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income348.34B315.91B
Capital Expenditures-27.58B-38.01B
Dividends Paid-104.41B-102.5B
Total Cash From From Investing Activities-674.56B-1.14T
Total Cash From From Financing Activities-11.55B-46.95B

Industrial and Commercial Bank of China Limited Annual Report History

Income Statement

Income Statement history of Industrial and Commercial Bank of China Limited (HKEX:1398)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue742.77B684.21B600.52B615.28B
Cost Of Revenue----
Gross Profit742.77B684.21B600.52B615.28B
Research Development----
Selling General Administrative225.94B196.85B154.66B185.04B
Non Recurring----
Other Operating Expenses90.63B91.77B50.8B55.97B
Total Operating Expenses316.57B288.62B205.46B241.01B
Operating Income426.2B395.59B395.06B374.27B
Total Other Income Expense Net-1.3B-3.47B-3.27B-1.86B
Ebit----
Interest Expense----
Income Before Tax424.9B392.13B391.79B372.41B
Income Tax Expense74.68B74.44B78.43B73.69B
Minority Interest17.5B16.01B15.82B14.88B
Net Income From Continuing Ops350.22B317.69B313.36B298.72B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income348.34B315.91B312.22B297.68B
Net Income Applicable To Common Shares338.73B307.07B307.7B293.17B

Balance Sheet Statement

Balance Sheet Statement history of Industrial and Commercial Bank of China Limited (HKEX:1398)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash786.83B1.17T613.3B823.29B
Short Term Investments1.02T1.27T1.1T1.16T
Net Receivables17.96B26.64B817.99B24.28B
Inventory3.95B5.25B10.92B9.34B
Other Current Assets2.8T2.95T2.99T3.06T
Total Current Assets4.97T5.81T5.76T5.22T
Long Term Investments9.03T8.36T7.5T6.69T
Property Plant Equipment319.86B317.99B320.02B288.61B
Good Will8.17B8.59B9.52B9.3B
Intangible Assets21.66B21.28B16.84B20.03B
Other Assets20.82T18.83T16.51T15.48T
Deferred Long Term Asset Charges79.26B67.71B62.54B58.38B
Total Assets35.17T33.35T30.11T27.7T
Accounts Payable28.8T27.52T24.87T22.85T
Short Long Term Debt37.36B52.98B141M71M
Other Current Liab410.03B484.66B96.19B84.74B
Long Term Debt812.14B811.7B757.86B621.8B
Other Liab461.93B320.72B548.16B454.91B
Deferred Long Term Liab5.59B4.68B-3.52B
Minority Interest17.5B16.01B15.82B14.88B
Total Current Liabilities30.6T29.28T26.09T24.28T
Total Liab31.9T30.44T27.42T25.35T
Common Stock356.41B356.41B356.41B356.41B
Retained Earnings2.42T2.17T1.97T1.75T
Treasury Stock201.37B76.23B234.46B-5.37B
Capital Surplus148.6B148.53B-151.97B
Other Stockholder Equity201.37B76.23B234.46B-5.37B
Total Stockholder Equity3.12T2.75T2.56T2.25T
Net Tangible Assets3.09T2.72T2.53T2.22T

Cash Flow Statement

Cash Flow Statement history of Industrial and Commercial Bank of China Limited (HKEX:1398)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income348.34B315.91B312.22B297.68B
Depreciation29.92B28.55B28.54B20.23B
Change To Netincome-104.57B-60.86B-8.3B194.13B
Change To Liabilities----
Change To Operating Activities85.79B1.27T-1.35T209.67B
Total Cash From Operating Activities360.88B1.56T-1.06T724.13B
Capital Expenditures-27.58B-38.01B-34.16B-60.5B
Investments-942.59B-1.36T-855.23B-675.84B
Other Cashflows From Investing Activities282.41B250.96B217.12B1.73B
Total Cashflows From Investing Activities-674.56B-1.14T-662.69B-731.75B
Dividends Paid-104.41B-102.5B-93.84B-90.33B
Net Borrowings-1.18B68.9B119.73B77.52B
Other Cashflows From Financing Activities-45.75B-33.06B1.51T-23.12B
Total Cash From Financing Activities-11.55B-46.95B1.66T-35.92B
Effect Of Exchange Rate-29.14B-34.86B9.46B32.73B
Change In Cash-354.37B340.71B-59.11B-10.81B