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Fujian-based national joint-stock commercial bank known for interbank business and green finance.
Fujian-based national joint-stock commercial bank known for interbank business and green finance.
Earns mostly from the gap between what it pays on deposits and bond funding and charges on loans, with fee income from asset-management and wealth products. Lending to and trading with other financial institutions is a larger part of its balance sheet than at most peers. Fujian provincial government bodies are among its biggest shareholders.
In one line: A mid-size Chinese national bank, akin to a US super-regional.
Moat: none (scale). National joint-stock bank without a dominant franchise; competes on pricing/scale like most peers.
Headquarters: Fuzhou, Fujian, China · Founded: 1988 · Employees: 68,963
Size Industrial Bank (601166.SS) is a China Financials company (Regional Banks) with a market value of $62.6B, the 29th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.73 on 6 Nov 2026.
Performance Over six months the shares gained 10.0%, against +7.6% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 4.1% over the last twelve months (peer median +3.8%); the operating margin is 40.5% (peer median 33.7%).
Valuation It trades at 0.49× book value against a peer median of 1.29× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 2.2%; Industrial Bank delivers 9.2%, so the price asks less than the business earns today.
Credit Industrial Bank has 1 bond outstanding ($800M), rated Baa2 by the agencies.
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥365B | CN¥372B | CN¥414B | CN¥418B | CN¥405B |
| Revenue growth | — | -10% | -1% | +3% | — |
| Net income | CN¥75.1B | CN¥75.3B | CN¥75.8B | CN¥75.7B | CN¥91.4B |
| Free cash flow | CN¥187B | CN¥196B | CN¥158B | CN¥190B | CN¥578B |
| Capital expenditure | CN¥10.4B | CN¥13.5B | CN¥5.13B | CN¥4.91B | CN¥5.92B |
| Total debt | CN¥3.86T | CN¥4.06T | CN¥3.84T | CN¥3.99T | CN¥3.55T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Industrial Bank 601166.SS | $62.6B | +10% | -4% | 9% | 0.49× | 2.2% |
| China Merchants Bank 600036.SS | $164B | +12% | +9% | 14% | 0.94× | 5.4% |
| Shanghai Pudong Development Bank 600000.SS | $50.1B | +8% | -3% | 6% | 0.40× | 2.0% |
| China CITIC Bank 601998.SS | $71.5B | +9% | -6% | 9% | 0.67× | 2.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601166.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.2% | +1.4% | 4th highest of 21 |
| 6-month return | +10.0% | +7.6% | 6th highest of 21 |
| Return on equity | 9.2% | 10.8% | 6th lowest of 21 |
| Price / book | 0.49× | 1.29× | 2nd cheapest of 21 |
| Trailing P/E | 6.2× | 12.7× | cheapest of 20 |
| ROE the price implies | 2.2% | 9.3% | 2nd least demanding of 21 |
| ROE delivered | 9.2% | 11.0% | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Industrial Bank 601166.SS | China | $62.6B | +10% | -4% | 9% | 0.49× | 2.2% | 9.2% |
| Japan Post Bank 7182.T | Japan | $65.5B | +7% | +39% | 7% | 1.11× | 8.3% | 6.6% |
| Truist Financial TFC | United States | $59.2B | +1% | -5% | 8% | 1.06× | 9.6% | 8.2% |
| Nu Holdings Ltd. Class A NU | United States | $58.1B | -13% | +54% | 32% | 4.39× | 32.4% | 31.6% |
| Postal Savings Bank of China 601658.SS | China | $69.7B | +9% | -2% | 9% | 0.62× | 2.7% | 8.7% |
| Credit Agricole ACA.PA | France | $53.7B | -8% | -1% | 9% | 0.68× | 8.1% | 8.9% |
| Shanghai Pudong Development Bank 600000.SS | China | $50.1B | +8% | -3% | 6% | 0.40× | 2.0% | 6.1% |
| Fifth Third Bancorp FITB | United States | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% | 9.4% |
| Commerzbank CBK.DE | Germany | $46.3B | +4% | -3% | 10% | 1.36× | 10.3% | 10.3% |
| Ctbc Financial 2891.TW | Taiwan | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% | 14.7% |
| CaixaBank CABK.MC | Spain | $91.9B | +7% | -2% | 16% | 2.05× | 13.3% | 16.5% |
| State Bank of India SBIN.NS | India | $99.5B | -7% | +6% | 15% | 1.40× | 20.7% | 14.6% |
| Banca Monte dei Paschi di Siena BMPS.MI | Italy | $38.4B | +19% | +55% | 16% | 1.30× | 13.9% | 15.5% |
| KBFinancialGroup 105560.KS | South Korea | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% | n/a |
| Canadian Imperial Bank of Commerce CM.TO | Canada | $105B | +8% | 0% | 16% | 2.50× | 20.1% | 15.6% |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| ICICI Bank ICICIBANK.NS | India | $119B | +23% | +8% | 16% | 2.89× | 36.7% | 16.3% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
Industrial Bank has 1 bond outstanding with $800M face value. The agencies rate it Baa2.