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One of China's 'big four' state banks, historically focused on rural and agricultural lending alongside full retail/corporate banking.
One of China's 'big four' state banks, historically focused on rural and agricultural lending alongside full retail/corporate banking.
Earns mostly from the spread between interest paid on deposits and charged on loans, with a distinctive county and rural lending franchise alongside city banking. Fees from wealth products and cards are the smaller line. Central Huijin and the Ministry of Finance, both state bodies, are the main shareholders. These Shanghai shares and the Hong Kong ones are the same bank.
In one line: China's Bank of America, with a rural-banking legacy.
Moat: wide (scale, regulatory licence, distribution). Largest rural branch network among Chinese banks plus full state-backed 'big four' scale.
Headquarters: Beijing, China · Founded: 1951 · Employees: 457,835
Size Agricultural Bank of China (601288.SS) is a China Financials company (Major Banks) with a market value of $375B, the 3rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.28 on 6 Nov 2026.
Performance Over six months the shares gained 5.2%, against +14.1% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 3.7% over the last twelve months (peer median +4.7%); the operating margin is 44.3% (peer median 43.7%).
Valuation It trades at 0.88× book value against a peer median of 1.41× (6th cheapest of 21).
Credit Agricultural Bank of China has 2 bonds outstanding ($600M), rated A1 by the agencies.
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥1.35T | CN¥1.41T | CN¥1.35T | CN¥1.22T |
| Revenue growth | — | -4% | +4% | +11% | — |
| Net income | n/a | CN¥291B | CN¥282B | CN¥269B | CN¥259B |
| Free cash flow | n/a | CN¥259B | CN¥231B | CN¥311B | CN¥364B |
| Capital expenditure | n/a | CN¥27.3B | CN¥24.2B | CN¥28.8B | CN¥22.1B |
| Total debt | CN¥14.3T | CN¥12.6T | CN¥9.55T | CN¥7.92T | CN¥5.94T |
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 |
|---|---|---|---|---|---|---|
| Agricultural Bank of China 601288.SS | $375B | +5% | -4% | 11% | 0.88× | 3.0% |
| Industrial and Commercial Bank of China 601398.SS | $428B | +13% | -4% | 10% | 0.75× | 2.7% |
| China Construction Bank 601939.SS | $358B | +20% | -5% | 10% | 0.87× | 3.0% |
| Bank of China 601988.SS | $301B | +19% | -3% | 9% | 0.79× | 2.8% |
| Bank of America BAC | $341B | -3% | -1% | 11% | 1.26× | 12.9% |
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 | 601288.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.7% | +2.3% | 9th highest of 21 |
| 6-month return | +5.2% | +14.1% | 5th lowest of 21 |
| Return on equity | 10.6% | 12.8% | 7th lowest of 21 |
| Price / book | 0.88× | 1.41× | 6th cheapest of 21 |
| Trailing P/E | 9.3× | 11.5× | 8th cheapest of 21 |
| ROE the price implies | 3.0% | 12.1% | 2nd least demanding of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Agricultural Bank of China 601288.SS | China | $375B | +5% | -4% | 11% | 0.88× | 3.0% | n/a |
| CCB 0939.HK | Hong Kong | $361B | +22% | +6% | 10% | 0.64× | 5.1% | 9.9% |
| China Construction Bank 601939.SS | China | $358B | +20% | -5% | 10% | 0.87× | 3.0% | 9.8% |
| Bank of America BAC | United States | $341B | -3% | -1% | 11% | 1.26× | 12.9% | 10.7% |
| Industrial and Commercial Bank of China 601398.SS | China | $428B | +13% | -4% | 10% | 0.75× | 2.7% | n/a |
| ICBC 1398.HK | Hong Kong | $433B | +14% | -5% | 9% | 0.60× | 4.9% | n/a |
| Bank Of China 3988.HK | Hong Kong | $309B | +22% | +5% | 9% | 0.60× | 4.7% | 8.9% |
| HSBC HSBA.L | United Kingdom | $301B | -1% | -4% | 14% | 1.51× | 17.5% | 13.6% |
| Royal Bank of Canada RY.TO | Canada | $281B | +15% | +5% | 16% | 2.94× | 18.4% | 16.2% |
| Wells Fargo WFC | United States | $252B | +11% | +6% | 13% | 1.59× | 13.3% | 12.9% |
| Mitsubishi Ufj Financial 8306.T | Japan | $230B | +14% | +11% | 13% | 1.60× | 11.2% | 12.6% |
| Toronto-Dominion Bank TD.TO | Canada | $208B | +18% | -11% | 13% | 2.48× | 15.3% | 12.8% |
| Citigroup C | United States | $200B | -5% | +5% | 9% | 1.03× | 10.9% | 9.1% |
| Commonwealth Bank of Australia CBA.AX | Australia | $194B | +9% | +1% | 14% | 3.56× | 33.3% | 13.9% |
| Banco Santander SAN.MC | Spain | $174B | +4% | +15% | 13% | 1.40× | 17.1% | 13.1% |
| Cm Bank 3968.HK | Hong Kong | $165B | +16% | +3% | 13% | 0.99× | 10.2% | 13.3% |
| China Merchants Bank 600036.SS | China | $164B | +12% | +9% | 14% | 0.94× | 5.4% | 13.6% |
| JPMorgan Chase JPM | United States | $889B | +11% | +9% | 18% | 2.53× | 20.7% | 17.9% |
| DBS D05.SI | Singapore | $155B | +19% | -5% | 16% | 2.83× | 21.4% | 16.3% |
| Sumitomo Mitsui Financial 8316.T | Japan | $145B | +35% | +11% | 11% | 1.42× | 10.0% | 11.2% |
| Banco Bilbao Vizcaya Argentaria BBVA.MC | Spain | $140B | +20% | +9% | 20% | 2.15× | 24.8% | 19.6% |
Agricultural Bank of China has 2 bonds outstanding with $600M face value. The agencies rate it A1.