Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
China Construction Bank Corporation Class H (CICHF)
OTHER OTC:CICHF
RESEARCH TOOLSreports
Holding CICHF?
Track your performance easily
Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.04Last Year’s EPS
$0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 8.04%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong asset growth, increased net profit, and significant progress in green and digital finance. However, challenges in noninterest income and pressure on the net interest margin were noted as areas needing attention.Company Guidance
In the third quarter of 2024 earnings call for China Construction Bank (CCB), the executives provided detailed guidance on the bank's financial performance and strategic focus areas. By the end of Q3 2024, CCB's total assets reached CNY 40.9 trillion, marking a 6.87% increase since the end of 2023. The bank reported loans and advances at CNY 25.7 trillion, and total liabilities at CNY 37.6 trillion, with a similar growth rate of 6.9%. Deposits were at CNY 28.5 trillion. Notably, CCB's net profit for the first three quarters stood at CNY 257.1 billion, reflecting a modest year-on-year increase of 0.7%. Key performance indicators included an average return on assets (ROA) of 0.87% and a return on equity (ROE) of 11.03%, with a non-performing loan (NPL) ratio slightly reduced to 1.35%. The bank's provision coverage ratio (PCR) was at 237.03%, and the provision-to-loan ratio (PPL) was 3.2%. The executives also highlighted the bank's strategic initiatives, including a focus on green finance, with green finance loans reaching CNY 4.5 trillion, up by 17.95%, and financial inclusion efforts, with loans totaling CNY 3.9 trillion. Additionally, CCB emphasized its commitment to supporting the real economy, digital finance, and risk management, while maintaining a competitive cost-to-income ratio of 25.25% and a capital adequacy ratio (CER) of 19.35%.Asset Growth
Total assets reached CNY 40.9 trillion, up by 6.87% from the end of 2023.
Increase in Green Finance
Green finance loans increased to CNY 4.5 trillion, up by 17.95%.
Corporate Loan Performance
Corporate loans increased, with a focus on infrastructure and green finance, reaching CNY 14.6 trillion.
Solid Non-Performing Loan (NPL) Management
NPL ratio stood at 1.35%, a decrease of 0.02 percentage points compared to the end of last year.
Increased Net Profit
Net profit for the first 3 quarters was CNY 257.1 billion, up by 0.7% year-on-year.
Strong Digital Finance Growth
Digital finance loans reached over CNY 750 billion, up by 15.98%.
---
CICHF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CICHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $0.78 | $0.76 | -2.56% |
| Aug 30, 2024 | $0.72 | $0.70 | -2.78% |
| Apr 29, 2024 | $0.55 | $0.60 | +9.09% |
| Mar 28, 2024 | $0.58 | $0.57 | -1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does China Construction Bank Corporation Class H (CICHF) report earnings?
China Construction Bank Corporation Class H (CICHF) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is China Construction Bank Corporation Class H (CICHF) earnings time?
China Construction Bank Corporation Class H (CICHF) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CICHF EPS forecast?
CICHF EPS forecast for the fiscal quarter 2024 (Q4) is $0.04.
---