Industrial Bank Co Ltd Class A 601166

Stock XSHG Rating as of Sep 30, 2026

CN¥18.05 +0.26 (1.46%)

As of Sep 30, 2026, 7:00:04 AM Delayed Price Closed

Company Report

Industrial Bank Earnings: Costly Funding Structure to Weigh on Margins; Cutting Valuation by 7%

Iris Tan, Junhao Yang Sep 1, 2026

Industrial Bank's, or CIB's, second-quarter profit fell 11% year on year, driven by flat net interest income and higher provisions for rising retail loan risks. Fee income growth improved to 10% from 7% in the first quarter.

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Price vs Fair Value

View History

601166 is trading within a range we consider fairly valued.

Price

CN¥18.05

Sep 30, 2026

Fair Value

Sep 1, 2026

Uncertainty

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1-Star Price: qvs
5-Star Price: nXS
Economic Moat: LOCK|$w
Capital Allocation: LOCK|bK^<bKS

Bulls Say, Bears Say

Bulls

CIB’s strength in its interbank and wealth management businesses bodes well for fee income growth.

Bears

Given its higher-than-peer revenue contribution from financial investments, CIB’s earnings growth could be volatile, and high returns are not maintainable.

Trading Information

Previous Close Price: CN¥17.79
Day Range: CN¥17.74–18.06
52-Week Range: CN¥16.44–21.90
Bid/Ask: CN¥18.04 / CN¥18.05
Shares Outstanding: 21.16B
Market Cap: CN¥381.99B
Volume/Avg: 69M / 95M

Key Statistics

Price/Earnings (Normalized): 5.65
Price/Sales: 2.01
Dividend Yield (Trailing): 5.91%
Dividend Yield (Forward): 5.91%
Dividend Payment Schedule: Feb, Jun
Total Yield: 5.91%

Company Profile

Industrial Bank was founded in 1988 and started as a regional bank in Fujian province. It has grown to become the second-largest joint-stock bank in China with more than CNY 11 trillion in assets as of December 2025. The bank offers a full range of commercial banking services with a specialty in bank-bank cooperation. It also operates a proprietary “Yinyin platform” that offers complete financial service solutions to other financial institutions, such as payments and settlements, wealth management, and technology output services.

Sector: Financial Services
Industry: Banks - Regional
Stock Style Box: Large Value
Total Number of Employees: 68,963
Website: https://www.cib.com.cn

Competitors

Valuation

Metric	601166	601998	600036
Price/Earnings (Normalized)	5.65	7.50	7.14
Price/Book Value	0.46	0.68	0.91
Price/Sales	2.01	2.50	3.19
Price/Cash Flow	7.47	3.73	11.55

Price/Earnings

601166

601998

600036

Financial Strength

Metric	601166	601998	600036
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

Metric	601166	601998	600036
Return on Assets (Normalized)	0.68%	0.72%	1.15%
Return on Equity (Normalized)	9.39%	10.00%	13.77%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets