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Industrial and Commercial Bank of China
Buy, Hold or Sell?

Let's analyse Industrial and Commercial Bank of China together

PenkeI guess you are interested in Industrial and Commercial Bank of China. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Industrial and Commercial Bank of China. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Industrial and Commercial Bank of China (30 sec.)










What can you expect buying and holding a share of Industrial and Commercial Bank of China? (30 sec.)

How much money do you get?

How much money do you get?
$0.06
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$14.94
Expected worth in 1 year
$16.44
How sure are you?
62.5%

+ What do you gain per year?

Total Gains per Share
$1.57
Return On Investment
313.2%

For what price can you sell your share?

Current Price per Share
$0.50
Expected price per share
$0.49 - $
How sure are you?
50%

1. Valuation of Industrial and Commercial Bank of China (5 min.)




Live pricePrice per Share (EOD)

$0.50

Intrinsic Value Per Share

$5.75 - $12.24

Total Value Per Share

$20.69 - $27.18

2. Growth of Industrial and Commercial Bank of China (5 min.)




Is Industrial and Commercial Bank of China growing?

Current yearPrevious yearGrowGrow %
How rich?$5.9t$5t$614.4b10.9%

How much money is Industrial and Commercial Bank of China making?

Current yearPrevious yearGrowGrow %
Making money$12.5b$12.5b$34.4m0.3%
Net Profit Margin42.7%38.7%--

How much money comes from the company's main activities?

3. Financial Health of Industrial and Commercial Bank of China (5 min.)




What can you expect buying and holding a share of Industrial and Commercial Bank of China? (5 min.)

Welcome investor! Industrial and Commercial Bank of China's management wants to use your money to grow the business. In return you get a share of Industrial and Commercial Bank of China.

What can you expect buying and holding a share of Industrial and Commercial Bank of China?

First you should know what it really means to hold a share of Industrial and Commercial Bank of China. And how you can make/lose money.

Speculation

The Price per Share of Industrial and Commercial Bank of China is $0.5. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Industrial and Commercial Bank of China.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Industrial and Commercial Bank of China, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $14.94. Based on the TTM, the Book Value Change Per Share is $0.38 per quarter. Based on the YOY, the Book Value Change Per Share is $0.28 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.02 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Industrial and Commercial Bank of China.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.036.6%0.036.5%0.036.7%0.036.2%0.024.9%
Usd Book Value Change Per Share-1.33-265.9%0.3875.2%0.2856.5%0.2345.5%0.2039.1%
Usd Dividend Per Share0.059.4%0.023.0%0.012.6%0.012.6%0.012.1%
Usd Total Gains Per Share-1.28-256.5%0.3978.3%0.3059.2%0.2448.0%0.2141.3%
Usd Price Per Share0.49-0.53-0.55-0.61-0.65-
Price to Earnings Ratio3.69-4.04-4.14-5.13-12.28-
Price-to-Total Gains Ratio-0.38-0.34-0.48-0.45--0.04-
Price to Book Ratio0.03-0.03-0.04-0.05-0.12-
Price-to-Total Gains Ratio-0.38-0.34-0.48-0.45--0.04-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.5
Number of shares2000
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.380.23
Usd Total Gains Per Share0.390.24
Gains per Quarter (2000 shares)782.90480.34
Gains per Year (2000 shares)3,131.611,921.37
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11223010312210318181911
22436020625420636363832
33659030938631054545753
4487120401251841372737674
5608150501565051690919595
673018060187826191090911516
785221070219147231272713437
897324079250468261454515358
9109527089281789291636317279
101217300993131010321818119200

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%67.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%14.06.00.070.0%25.015.00.062.5%42.025.00.062.7%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%63.00.04.094.0%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%14.06.00.070.0%25.015.00.062.5%42.025.00.062.7%

Fundamentals of Industrial and Commercial Bank of China

About Industrial and Commercial Bank of China

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. Its products and services include trade financing, deposit, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans. Its Personal Banking segment provides financial products and services to individual customers. This segment's products and services comprise personal loans and cards, deposits, and personal wealth management and intermediary services. The Treasury Business segment is involved in the money market transactions, investment securities, and proprietary and foreign exchange transactions businesses. It also offers e-banking services, investment banking, financial leasing, and insurance services. Industrial and Commercial Bank of China Limited was incorporated in 1984 and is based in Beijing, the People's Republic of China.

Fundamental data was last updated by Penke on 2024-03-10 03:24:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Industrial and Commercial Bank of China.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Industrial and Commercial Bank of China earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Industrial and Commercial Bank of China to the Banks - Diversified industry mean.
  • A Net Profit Margin of 46.9% means that $0.47 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Industrial and Commercial Bank of China:

  • The MRQ is 46.9%. The company is making a huge profit. +2
  • The TTM is 42.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ46.9%TTM42.7%+4.1%
TTM42.7%YOY38.7%+4.0%
TTM42.7%5Y37.6%+5.1%
5Y37.6%10Y39.2%-1.6%
1.1.2. Return on Assets

Shows how efficient Industrial and Commercial Bank of China is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Industrial and Commercial Bank of China to the Banks - Diversified industry mean.
  • 0.2% Return on Assets means that Industrial and Commercial Bank of China generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Industrial and Commercial Bank of China:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%0.0%
TTM0.2%YOY0.2%0.0%
TTM0.2%5Y0.2%0.0%
5Y0.2%10Y0.3%0.0%
1.1.3. Return on Equity

Shows how efficient Industrial and Commercial Bank of China is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Industrial and Commercial Bank of China to the Banks - Diversified industry mean.
  • 2.6% Return on Equity means Industrial and Commercial Bank of China generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Industrial and Commercial Bank of China:

  • The MRQ is 2.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.6%TTM2.5%+0.1%
TTM2.5%YOY2.7%-0.2%
TTM2.5%5Y2.8%-0.2%
5Y2.8%10Y3.4%-0.6%

1.2. Operating Efficiency of Industrial and Commercial Bank of China.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Industrial and Commercial Bank of China is operating .

  • Measures how much profit Industrial and Commercial Bank of China makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Industrial and Commercial Bank of China to the Banks - Diversified industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Industrial and Commercial Bank of China:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM11.1%-11.1%
TTM11.1%YOY11.6%-0.6%
TTM11.1%5Y8.7%+2.4%
5Y8.7%10Y30.6%-21.9%
1.2.2. Operating Ratio

Measures how efficient Industrial and Commercial Bank of China is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • An Operation Ratio of 0.34 means that the operating costs are $0.34 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Industrial and Commercial Bank of China:

  • The MRQ is 0.335. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.335. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.335TTM0.335+0.000
TTM0.335YOY0.344-0.009
TTM0.3355Y0.334+0.001
5Y0.33410Y0.338-0.005

1.3. Liquidity of Industrial and Commercial Bank of China.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Industrial and Commercial Bank of China is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Diversified industry mean).
  • A Current Ratio of 0.33 means the company has $0.33 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Industrial and Commercial Bank of China:

  • The MRQ is 0.330. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.311. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.330TTM0.311+0.018
TTM0.311YOY0.185+0.126
TTM0.3115Y0.206+0.105
5Y0.20610Y0.164+0.042
1.3.2. Quick Ratio

Measures if Industrial and Commercial Bank of China is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Industrial and Commercial Bank of China to the Banks - Diversified industry mean.
  • A Quick Ratio of 0.33 means the company can pay off $0.33 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Industrial and Commercial Bank of China:

  • The MRQ is 0.330. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.312. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.330TTM0.312+0.018
TTM0.312YOY0.210+0.101
TTM0.3125Y0.233+0.079
5Y0.23310Y0.186+0.047

1.4. Solvency of Industrial and Commercial Bank of China.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Industrial and Commercial Bank of China assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Industrial and Commercial Bank of China to Banks - Diversified industry mean.
  • A Debt to Asset Ratio of 0.04 means that Industrial and Commercial Bank of China assets are financed with 4.0% credit (debt) and the remaining percentage (100% - 4.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Industrial and Commercial Bank of China:

  • The MRQ is 0.040. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.039. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.040TTM0.039+0.001
TTM0.039YOY0.036+0.003
TTM0.0395Y0.039+0.000
5Y0.03910Y0.038+0.001
1.4.2. Debt to Equity Ratio

Measures if Industrial and Commercial Bank of China is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Industrial and Commercial Bank of China to the Banks - Diversified industry mean.
  • A Debt to Equity ratio of 49.1% means that company has $0.49 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Industrial and Commercial Bank of China:

  • The MRQ is 0.491. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.464. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.491TTM0.464+0.027
TTM0.464YOY0.404+0.061
TTM0.4645Y0.456+0.008
5Y0.45610Y0.465-0.009

2. Market Valuation of Industrial and Commercial Bank of China

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Industrial and Commercial Bank of China generates.

  • Above 15 is considered overpriced but always compare Industrial and Commercial Bank of China to the Banks - Diversified industry mean.
  • A PE ratio of 3.69 means the investor is paying $3.69 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Industrial and Commercial Bank of China:

  • The EOD is 3.763. Based on the earnings, the company is cheap. +2
  • The MRQ is 3.688. Based on the earnings, the company is cheap. +2
  • The TTM is 4.037. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.763MRQ3.688+0.075
MRQ3.688TTM4.037-0.349
TTM4.037YOY4.140-0.103
TTM4.0375Y5.134-1.097
5Y5.13410Y12.280-7.146
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Industrial and Commercial Bank of China:

  • The EOD is 0.586. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.575. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.476. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.586MRQ0.575+0.012
MRQ0.575TTM0.476+0.099
TTM0.476YOY0.609-0.133
TTM0.4765Y-0.524+1.000
5Y-0.52410Y0.338-0.862
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Industrial and Commercial Bank of China is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • A PB ratio of 0.03 means the investor is paying $0.03 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Industrial and Commercial Bank of China:

  • The EOD is 0.033. Based on the equity, the company is cheap. +2
  • The MRQ is 0.033. Based on the equity, the company is cheap. +2
  • The TTM is 0.034. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.033MRQ0.033+0.001
MRQ0.033TTM0.034-0.002
TTM0.034YOY0.040-0.006
TTM0.0345Y0.049-0.015
5Y0.04910Y0.123-0.074
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Industrial and Commercial Bank of China compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.3290.376-453%0.283-570%0.227-685%0.196-779%
Book Value Per Share--14.93615.311-2%13.729+9%12.888+16%9.732+53%
Current Ratio--0.3300.311+6%0.185+78%0.206+60%0.164+101%
Debt To Asset Ratio--0.0400.039+3%0.036+13%0.039+3%0.038+7%
Debt To Equity Ratio--0.4910.464+6%0.404+22%0.456+8%0.465+6%
Dividend Per Share--0.0470.015+207%0.013+254%0.013+262%0.011+342%
Eps--0.0330.033+1%0.0330%0.031+8%0.025+35%
Free Cash Flow Per Share--0.2130.137+56%0.112+91%0.107+98%0.076+179%
Free Cash Flow To Equity Per Share--0.1790.149+20%0.110+62%0.110+62%0.077+133%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--12.242--------
Intrinsic Value_10Y_min--5.749--------
Intrinsic Value_1Y_max--0.509--------
Intrinsic Value_1Y_min--0.354--------
Intrinsic Value_3Y_max--2.077--------
Intrinsic Value_3Y_min--1.262--------
Intrinsic Value_5Y_max--4.304--------
Intrinsic Value_5Y_min--2.381--------
Market Cap43397001216.000-347%193813375000.000193783657246.906+0%201086823395.405-4%222350310093.691-13%404705518685.359-52%
Net Profit Margin--0.4690.427+10%0.387+21%0.376+25%0.392+20%
Operating Margin---0.111-100%0.116-100%0.087-100%0.306-100%
Operating Ratio--0.3350.335+0%0.344-3%0.334+0%0.338-1%
Pb Ratio0.033+2%0.0330.034-5%0.040-18%0.049-33%0.123-73%
Pe Ratio3.763+2%3.6884.037-9%4.140-11%5.134-28%12.280-70%
Price Per Share0.500+2%0.4900.526-7%0.550-11%0.613-20%0.646-24%
Price To Free Cash Flow Ratio0.586+2%0.5750.476+21%0.609-6%-0.524+191%0.338+70%
Price To Total Gains Ratio-0.390-2%-0.3820.339-213%0.479-180%0.455-184%-0.039-90%
Quick Ratio--0.3300.312+6%0.210+57%0.233+41%0.186+77%
Return On Assets--0.0020.002-1%0.002-12%0.002-10%0.003-21%
Return On Equity--0.0260.025+2%0.027-5%0.028-6%0.034-23%
Total Gains Per Share---1.2830.391-428%0.296-533%0.240-634%0.206-722%
Usd Book Value--5907789317600.0005644766172600.000+5%5030301658600.000+17%4688704065720.000+26%3898613736960.000+52%
Usd Book Value Change Per Share---1.3290.376-453%0.283-570%0.227-685%0.196-779%
Usd Book Value Per Share--14.93615.311-2%13.729+9%12.888+16%9.732+53%
Usd Dividend Per Share--0.0470.015+207%0.013+254%0.013+262%0.011+342%
Usd Eps--0.0330.033+1%0.0330%0.031+8%0.025+35%
Usd Free Cash Flow--84333624800.00051049981800.000+65%41577124600.000+103%39107618800.000+116%29884625500.000+182%
Usd Free Cash Flow Per Share--0.2130.137+56%0.112+91%0.107+98%0.076+179%
Usd Free Cash Flow To Equity Per Share--0.1790.149+20%0.110+62%0.110+62%0.077+133%
Usd Market Cap43397001216.000-347%193813375000.000193783657246.906+0%201086823395.405-4%222350310093.691-13%404705518685.359-52%
Usd Price Per Share0.500+2%0.4900.526-7%0.550-11%0.613-20%0.646-24%
Usd Profit--13138173600.00012571356400.000+5%12536929400.000+5%11512617160.000+14%10648689760.000+23%
Usd Revenue--28042746400.00029520996800.000-5%32445077400.000-14%30661682680.000-9%27347929960.000+3%
Usd Total Gains Per Share---1.2830.391-428%0.296-533%0.240-634%0.206-722%
 EOD+1 -7MRQTTM+20 -15YOY+19 -165Y+19 -1610Y+21 -14

3.2. Fundamental Score

Let's check the fundamental score of Industrial and Commercial Bank of China based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.763
Price to Book Ratio (EOD)Between0-10.033
Net Profit Margin (MRQ)Greater than00.469
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.330
Current Ratio (MRQ)Greater than10.330
Debt to Asset Ratio (MRQ)Less than10.040
Debt to Equity Ratio (MRQ)Less than10.491
Return on Equity (MRQ)Greater than0.150.026
Return on Assets (MRQ)Greater than0.050.002
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Industrial and Commercial Bank of China based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.798
Ma 20Greater thanMa 500.523
Ma 50Greater thanMa 1000.502
Ma 100Greater thanMa 2000.490
OpenGreater thanClose0.500
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in CNY. All numbers in thousands.

Summary
Total Assets44,482,823,000
Total Liabilities1,796,484,000
Total Stockholder Equity3,656,043,000
 As reported
Total Liabilities 1,796,484,000
Total Stockholder Equity+ 3,656,043,000
Total Assets = 44,482,823,000

Assets

Total Assets44,482,823,000
Total Current Assets4,988,655,000
Long-term Assets9,585,980,000
Total Current Assets
Cash And Cash Equivalents 4,988,655,000
Total Current Assets  (as reported)4,988,655,000
Total Current Assets  (calculated)4,988,655,000
+/-0
Long-term Assets
Property Plant Equipment 295,883,000
Long Term Investments 9,290,097,000
Long-term Assets Other -9,585,980,000
Long-term Assets  (as reported)9,585,980,000
Long-term Assets  (calculated)0
+/- 9,585,980,000

Liabilities & Shareholders' Equity

Total Current Liabilities15,138,047,000
Long-term Liabilities1,796,484,000
Total Stockholder Equity3,656,043,000
Total Current Liabilities
Short-term Debt 717,369,000
Other Current Liabilities 14,420,678,000
Total Current Liabilities  (as reported)15,138,047,000
Total Current Liabilities  (calculated)15,138,047,000
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)1,796,484,000
Long-term Liabilities  (calculated)0
+/- 1,796,484,000
Total Stockholder Equity
Common Stock356,407,000
Retained Earnings 1,919,997,000
Accumulated Other Comprehensive Income 1,025,308,000
Other Stockholders Equity 219,717,000
Total Stockholder Equity (as reported)3,656,043,000
Total Stockholder Equity (calculated)3,521,429,000
+/- 134,614,000
Other
Capital Stock491,021,000
Cash and Short Term Investments 4,988,655,000
Common Stock Shares Outstanding 395,537,500
Liabilities and Stockholders Equity 44,482,823,000
Net Debt -3,192,171,000
Net Invested Capital 5,317,913,000
Property Plant and Equipment Gross 295,883,000
Short Long Term Debt Total 1,796,484,000



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302005-12-31
> Total Assets 
6,457,239,000
7,055,477,000
0
7,509,118,000
7,880,806,000
8,303,988,000
8,597,756,000
8,684,288,000
9,141,387,000
9,399,960,000
9,384,347,000
9,757,654,000
10,978,966,000
11,435,086,000
11,670,134,000
11,785,053,000
12,553,385,000
12,960,381,000
13,417,887,000
13,458,622,000
14,389,996,000
14,896,048,000
15,127,002,000
15,476,868,000
16,431,196,000
17,073,050,000
17,371,150,000
17,542,217,000
18,357,278,000
18,723,353,000
18,742,548,000
18,917,752,000
19,734,683,000
20,303,677,000
20,150,956,000
20,609,953,000
21,396,633,000
22,417,295,000
22,104,917,000
22,209,780,000
22,883,325,000
23,524,327,000
23,646,472,000
24,137,265,000
24,904,936,000
25,514,046,000
25,764,798,000
26,087,043,000
26,493,781,000
27,303,080,000
28,198,135,000
27,699,540,000
29,246,572,000
29,990,476,000
30,426,381,000
30,109,436,000
32,094,478,000
33,112,010,000
33,471,851,000
33,345,058,000
34,367,549,000
35,136,284,000
35,398,066,000
35,171,383,000
37,296,465,000
38,744,376,000
39,550,661,000
39,609,657,000
42,033,895,000
43,669,606,000
44,482,823,000
44,482,823,00043,669,606,00042,033,895,00039,609,657,00039,550,661,00038,744,376,00037,296,465,00035,171,383,00035,398,066,00035,136,284,00034,367,549,00033,345,058,00033,471,851,00033,112,010,00032,094,478,00030,109,436,00030,426,381,00029,990,476,00029,246,572,00027,699,540,00028,198,135,00027,303,080,00026,493,781,00026,087,043,00025,764,798,00025,514,046,00024,904,936,00024,137,265,00023,646,472,00023,524,327,00022,883,325,00022,209,780,00022,104,917,00022,417,295,00021,396,633,00020,609,953,00020,150,956,00020,303,677,00019,734,683,00018,917,752,00018,742,548,00018,723,353,00018,357,278,00017,542,217,00017,371,150,00017,073,050,00016,431,196,00015,476,868,00015,127,002,00014,896,048,00014,389,996,00013,458,622,00013,417,887,00012,960,381,00012,553,385,00011,785,053,00011,670,134,00011,435,086,00010,978,966,0009,757,654,0009,384,347,0009,399,960,0009,141,387,0008,684,288,0008,597,756,0008,303,988,0007,880,806,0007,509,118,00007,055,477,0006,457,239,000
   > Total Current Assets 
751,037,000
729,402,000
0
1,312,669,000
1,254,821,000
1,326,336,000
1,456,169,000
1,411,525,000
1,389,393,000
1,379,729,000
1,376,091,000
1,333,951,000
1,352,146,000
1,342,764,000
1,392,911,000
1,370,379,000
1,426,712,000
965,765,000
809,661,000
760,792,000
912,349,000
972,954,000
798,567,000
1,015,777,000
1,155,037,000
1,381,219,000
1,271,794,000
1,056,523,000
1,103,823,000
1,049,147,000
1,036,553,000
1,104,293,000
982,139,000
1,072,000,000
1,008,875,000
1,210,457,000
1,267,815,000
1,273,832,000
1,252,535,000
1,150,555,000
1,129,183,000
1,157,787,000
1,260,220,000
1,308,934,000
1,610,349,000
1,526,787,000
1,488,022,000
4,977,326,000
1,002,003,000
5,506,975,000
4,983,817,000
4,516,317,000
4,852,918,000
5,705,824,000
4,811,034,000
4,598,345,000
5,170,109,000
5,099,311,000
4,879,160,000
4,897,397,000
4,815,521,000
4,945,743,000
4,797,560,000
4,191,550,000
4,642,666,000
4,670,254,000
4,769,091,000
4,743,685,000
5,029,955,000
5,078,731,000
4,988,655,000
4,988,655,0005,078,731,0005,029,955,0004,743,685,0004,769,091,0004,670,254,0004,642,666,0004,191,550,0004,797,560,0004,945,743,0004,815,521,0004,897,397,0004,879,160,0005,099,311,0005,170,109,0004,598,345,0004,811,034,0005,705,824,0004,852,918,0004,516,317,0004,983,817,0005,506,975,0001,002,003,0004,977,326,0001,488,022,0001,526,787,0001,610,349,0001,308,934,0001,260,220,0001,157,787,0001,129,183,0001,150,555,0001,252,535,0001,273,832,0001,267,815,0001,210,457,0001,008,875,0001,072,000,000982,139,0001,104,293,0001,036,553,0001,049,147,0001,103,823,0001,056,523,0001,271,794,0001,381,219,0001,155,037,0001,015,777,000798,567,000972,954,000912,349,000760,792,000809,661,000965,765,0001,426,712,0001,370,379,0001,392,911,0001,342,764,0001,352,146,0001,333,951,0001,376,091,0001,379,729,0001,389,393,0001,411,525,0001,456,169,0001,326,336,0001,254,821,0001,312,669,0000729,402,000751,037,000
       Cash And Cash Equivalents 
686,035,000
729,402,000
0
206,506,000
138,787,000
185,298,000
240,911,000
199,758,000
176,120,000
167,562,000
210,683,000
171,182,000
189,377,000
179,595,000
258,880,000
238,000,000
377,660,000
355,489,000
311,132,000
259,086,000
409,262,000
479,613,000
320,933,000
516,973,000
705,945,000
920,197,000
824,359,000
691,808,000
734,138,000
679,605,000
687,497,000
779,805,000
652,059,000
732,998,000
665,458,000
878,726,000
900,373,000
898,550,000
882,692,000
798,412,000
786,560,000
822,284,000
933,149,000
1,017,564,000
1,200,714,000
1,182,965,000
1,191,645,000
4,700,197,000
1,002,003,000
4,898,943,000
4,983,817,000
4,516,317,000
4,852,918,000
5,193,270,000
4,811,034,000
4,598,345,000
5,170,109,000
5,099,311,000
4,879,160,000
4,897,397,000
4,815,521,000
4,945,743,000
4,797,560,000
4,191,550,000
4,642,666,000
4,670,254,000
4,769,091,000
4,743,685,000
5,029,955,000
5,078,731,000
4,988,655,000
4,988,655,0005,078,731,0005,029,955,0004,743,685,0004,769,091,0004,670,254,0004,642,666,0004,191,550,0004,797,560,0004,945,743,0004,815,521,0004,897,397,0004,879,160,0005,099,311,0005,170,109,0004,598,345,0004,811,034,0005,193,270,0004,852,918,0004,516,317,0004,983,817,0004,898,943,0001,002,003,0004,700,197,0001,191,645,0001,182,965,0001,200,714,0001,017,564,000933,149,000822,284,000786,560,000798,412,000882,692,000898,550,000900,373,000878,726,000665,458,000732,998,000652,059,000779,805,000687,497,000679,605,000734,138,000691,808,000824,359,000920,197,000705,945,000516,973,000320,933,000479,613,000409,262,000259,086,000311,132,000355,489,000377,660,000238,000,000258,880,000179,595,000189,377,000171,182,000210,683,000167,562,000176,120,000199,758,000240,911,000185,298,000138,787,000206,506,0000729,402,000686,035,000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,033,746,000
558,602,000
1,147,782,000
125,479,003
1,523,688,003
652,054,000
687,913,000
124,015,345
1,181,545,000
883,692,000
1,454,525,000
1,116,924,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,116,924,0001,454,525,000883,692,0001,181,545,000124,015,345687,913,000652,054,0001,523,688,003125,479,0031,147,782,000558,602,0001,033,746,0000000000000000000000000000000000000000000000
       Net Receivables 
65,002,000
0
0
1,106,163,000
1,116,034,000
1,141,038,000
1,215,258,000
1,211,767,000
1,213,273,000
1,212,167,000
1,165,408,000
1,162,769,000
1,162,769,000
1,163,169,000
1,134,031,000
1,132,379,000
1,049,052,000
610,276,000
498,529,000
501,706,000
503,087,000
493,341,000
477,634,000
498,804,000
449,092,000
461,022,000
447,435,000
364,715,000
369,685,000
369,542,000
349,056,000
324,488,000
330,080,000
339,002,000
343,417,000
331,731,000
367,442,000
375,282,000
369,843,000
352,143,000
342,623,000
335,503,000
327,071,000
291,370,000
409,635,000
343,822,000
296,377,000
277,129,000
785,329,000
608,032,000
159,805,500
24,276,000
1,061,284,000
512,554,000
1,172,341,000
22,524,000
929,041,000
26,263,000
1,354,031,000
840,788,000
929,245,000
20,749,000
897,124,000
17,959,000
830,243,000
14,678,000
1,074,572,000
13,143,000
0
19,536,000
0
019,536,000013,143,0001,074,572,00014,678,000830,243,00017,959,000897,124,00020,749,000929,245,000840,788,0001,354,031,00026,263,000929,041,00022,524,0001,172,341,000512,554,0001,061,284,00024,276,000159,805,500608,032,000785,329,000277,129,000296,377,000343,822,000409,635,000291,370,000327,071,000335,503,000342,623,000352,143,000369,843,000375,282,000367,442,000331,731,000343,417,000339,002,000330,080,000324,488,000349,056,000369,542,000369,685,000364,715,000447,435,000461,022,000449,092,000498,804,000477,634,000493,341,000503,087,000501,706,000498,529,000610,276,0001,049,052,0001,132,379,0001,134,031,0001,163,169,0001,162,769,0001,162,769,0001,165,408,0001,212,167,0001,213,273,0001,211,767,0001,215,258,0001,141,038,0001,116,034,0001,106,163,0000065,002,000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,180,005,000
2,289,359,000
3,272,291,000
291,925,181
4,108,251,471
2,176,532,000
3,279,507,000
267,267,976
3,057,373,000
1,297,317,000
3,059,858,000
947,414,000
2,996,326,000
938,333,000
2,864,288,000
794,441,000
2,954,168,000
1,225,932,000
3,019,402,000
1,353,169,000
2,800,353,000
977,115,000
2,966,753,000
5,749,038,000
5,889,136,000
6,016,291,000
7,326,752,000
6,654,087,000
6,654,087,0007,326,752,0006,016,291,0005,889,136,0005,749,038,0002,966,753,000977,115,0002,800,353,0001,353,169,0003,019,402,0001,225,932,0002,954,168,000794,441,0002,864,288,000938,333,0002,996,326,000947,414,0003,059,858,0001,297,317,0003,057,373,000267,267,9763,279,507,0002,176,532,0004,108,251,471291,925,1813,272,291,0002,289,359,0003,180,005,0000000000000000000000000000000000000000000000
   > Long-term Assets 
120,733,000
115,207,000
0
124,173,000
1,970,834,000
2,052,927,000
1,989,649,000
1,997,734,000
2,111,203,000
2,117,313,000
1,975,650,000
2,014,651,000
1,980,651,000
2,076,506,000
2,354,960,000
2,602,149,000
2,593,785,000
3,255,976,000
3,393,875,000
3,385,058,000
3,399,030,000
3,389,997,000
3,557,364,000
3,583,608,000
3,726,395,000
3,692,125,000
3,798,759,000
3,900,091,000
3,982,147,000
4,208,631,000
4,223,639,000
4,211,995,000
4,239,748,000
4,365,182,000
4,340,137,000
4,350,711,000
4,539,050,000
4,809,489,000
4,978,199,000
4,982,377,000
5,275,567,000
5,501,865,000
5,470,570,000
5,557,952,000
5,601,769,000
5,559,428,000
5,709,263,000
5,846,716,000
5,089,512,000
6,633,734,000
6,961,646,000
7,143,757,000
7,510,650,000
7,594,322,000
7,890,333,000
8,032,534,000
8,586,014,000
8,755,606,000
9,010,923,000
9,050,740,000
9,189,236,000
9,281,238,000
9,425,240,000
9,683,881,000
9,998,655,000
10,646,542,000
10,691,006,000
8,794,268,000
11,465,249,000
9,327,412,000
9,585,980,000
9,585,980,0009,327,412,00011,465,249,0008,794,268,00010,691,006,00010,646,542,0009,998,655,0009,683,881,0009,425,240,0009,281,238,0009,189,236,0009,050,740,0009,010,923,0008,755,606,0008,586,014,0008,032,534,0007,890,333,0007,594,322,0007,510,650,0007,143,757,0006,961,646,0006,633,734,0005,089,512,0005,846,716,0005,709,263,0005,559,428,0005,601,769,0005,557,952,0005,470,570,0005,501,865,0005,275,567,0004,982,377,0004,978,199,0004,809,489,0004,539,050,0004,350,711,0004,340,137,0004,365,182,0004,239,748,0004,211,995,0004,223,639,0004,208,631,0003,982,147,0003,900,091,0003,798,759,0003,692,125,0003,726,395,0003,583,608,0003,557,364,0003,389,997,0003,399,030,0003,385,058,0003,393,875,0003,255,976,0002,593,785,0002,602,149,0002,354,960,0002,076,506,0001,980,651,0002,014,651,0001,975,650,0002,117,313,0002,111,203,0001,997,734,0001,989,649,0002,052,927,0001,970,834,000124,173,0000115,207,000120,733,000
       Property Plant Equipment 
112,641,000
108,117,000
0
106,768,000
83,822,000
77,713,000
76,946,000
79,146,000
78,019,000
77,292,000
77,695,000
84,948,000
83,384,000
82,467,000
82,971,000
93,319,000
92,995,000
92,044,000
92,632,000
100,839,000
98,754,000
101,408,000
106,041,000
116,300,000
115,844,000
117,969,000
121,011,000
132,879,000
135,092,000
139,977,000
144,973,000
160,704,000
164,405,000
171,910,000
175,857,000
196,238,000
194,651,000
204,713,000
211,160,000
221,502,000
221,087,000
224,447,000
230,550,000
243,619,000
243,603,000
243,468,000
241,314,000
245,687,000
240,997,000
257,047,000
275,137,000
288,606,000
287,829,000
283,790,000
287,688,000
284,616,000
285,914,000
284,755,000
277,797,000
284,240,000
283,616,000
281,471,000
280,661,000
288,199,000
285,487,000
290,834,000
297,811,000
291,911,000
286,947,000
298,886,000
295,883,000
295,883,000298,886,000286,947,000291,911,000297,811,000290,834,000285,487,000288,199,000280,661,000281,471,000283,616,000284,240,000277,797,000284,755,000285,914,000284,616,000287,688,000283,790,000287,829,000288,606,000275,137,000257,047,000240,997,000245,687,000241,314,000243,468,000243,603,000243,619,000230,550,000224,447,000221,087,000221,502,000211,160,000204,713,000194,651,000196,238,000175,857,000171,910,000164,405,000160,704,000144,973,000139,977,000135,092,000132,879,000121,011,000117,969,000115,844,000116,300,000106,041,000101,408,00098,754,000100,839,00092,632,00092,044,00092,995,00093,319,00082,971,00082,467,00083,384,00084,948,00077,695,00077,292,00078,019,00079,146,00076,946,00077,713,00083,822,000106,768,0000108,117,000112,641,000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,480,000
0
9,288,000
0
10,755,374
0
8,987,000
0
9,299,000
0
9,354,000
0
0
0
0
0
0
0
0
0
0
0
0
0
8,799,000
0
9,110,000
0
09,110,00008,799,00000000000000009,354,00009,299,00008,987,000010,755,37409,288,00009,480,0000000000000000000000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,321,920,000
5,495,557,000
5,460,818,000
842,232,843
6,847,373,604
6,027,198,000
6,182,424,000
629,968,263
6,688,410,000
1,031,027,000
981,358,000
1,094,360,000
1,062,879,000
1,227,670,000
1,128,794,000
1,046,365,000
7,225,512,000
7,293,497,000
7,390,640,000
7,575,144,000
9,395,682,000
176,993,000
10,355,708,000
10,393,195,000
8,502,357,000
11,178,302,000
9,028,526,000
9,290,097,000
9,290,097,0009,028,526,00011,178,302,0008,502,357,00010,393,195,00010,355,708,000176,993,0009,395,682,0007,575,144,0007,390,640,0007,293,497,0007,225,512,0001,046,365,0001,128,794,0001,227,670,0001,062,879,0001,094,360,000981,358,0001,031,027,0006,688,410,000629,968,2636,182,424,0006,027,198,0006,847,373,604842,232,8435,460,818,0005,495,557,0005,321,920,0000000000000000000000000000000000000000000000
       Intangible Assets 
1,023,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,264,000
0
18,581,000
0
21,844,602
0
17,888,000
0
20,031,000
0
19,909,000
0
0
0
0
0
0
0
0
0
0
0
0
0
31,516,000
0
31,333,000
0
031,333,000031,516,000000000000000019,909,000020,031,000017,888,000021,844,602018,581,000019,264,0000000000000000000000000000000000000000000001,023,000
> Total Liabilities 
6,196,255,000
80,669,000
0
77,229,000
89,689,000
78,722,000
90,310,000
113,127,000
135,833,000
100,412,000
96,979,000
89,373,000
87,381,000
75,215,000
125,475,000
147,096,000
169,132,000
184,931,000
221,621,000
237,211,000
299,061,000
383,518,000
441,028,000
453,957,000
497,338,000
500,292,000
473,696,000
486,368,000
631,958,000
615,445,000
581,241,000
655,179,000
736,756,000
730,025,000
714,569,000
712,053,000
721,601,000
723,780,000
748,612,000
784,215,000
849,925,000
841,303,000
916,407,000
858,044,000
934,565,000
908,655,000
970,425,000
1,018,888,000
1,013,900,000
1,080,088,000
1,175,279,000
1,104,091,000
1,246,921,000
1,326,477,000
1,304,804,000
1,233,128,000
1,305,692,000
1,318,100,000
1,367,273,000
1,266,743,000
1,327,479,000
1,307,324,000
1,259,250,000
1,280,715,000
1,327,658,000
1,356,791,000
1,413,280,000
1,426,616,000
1,646,412,000
1,782,938,000
1,796,484,000
1,796,484,0001,782,938,0001,646,412,0001,426,616,0001,413,280,0001,356,791,0001,327,658,0001,280,715,0001,259,250,0001,307,324,0001,327,479,0001,266,743,0001,367,273,0001,318,100,0001,305,692,0001,233,128,0001,304,804,0001,326,477,0001,246,921,0001,104,091,0001,175,279,0001,080,088,0001,013,900,0001,018,888,000970,425,000908,655,000934,565,000858,044,000916,407,000841,303,000849,925,000784,215,000748,612,000723,780,000721,601,000712,053,000714,569,000730,025,000736,756,000655,179,000581,241,000615,445,000631,958,000486,368,000473,696,000500,292,000497,338,000453,957,000441,028,000383,518,000299,061,000237,211,000221,621,000184,931,000169,132,000147,096,000125,475,00075,215,00087,381,00089,373,00096,979,000100,412,000135,833,000113,127,00090,310,00078,722,00089,689,00077,229,000080,669,0006,196,255,000
   > Total Current Liabilities 
39,144,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
21,476,778,000
22,217,359,000
3,327,069,468
27,236,683,079
23,042,317,000
24,052,619,000
3,550,028,680
24,280,061,000
25,399,310,000
26,217,702,000
26,358,976,000
26,094,513,000
27,945,692,000
28,894,907,000
29,062,929,000
28,880,324,000
29,757,642,000
30,514,661,000
30,618,470,000
30,602,031,000
32,212,223,000
34,050,288,000
14,767,264,000
18,703,986,000
14,771,218,000
15,832,081,000
15,138,047,000
15,138,047,00015,832,081,00014,771,218,00018,703,986,00014,767,264,00034,050,288,00032,212,223,00030,602,031,00030,618,470,00030,514,661,00029,757,642,00028,880,324,00029,062,929,00028,894,907,00027,945,692,00026,094,513,00026,358,976,00026,217,702,00025,399,310,00024,280,061,0003,550,028,68024,052,619,00023,042,317,00027,236,683,0793,327,069,46822,217,359,00021,476,778,000000000000000000000000000000000000000000000039,144,000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,553,670,000
1,215,851,000
1,657,525,000
177,305,288
62,447
1,336,581,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
472,619,000
4,020,299,000
655,121,000
1,237,245,000
717,369,000
717,369,0001,237,245,000655,121,0004,020,299,000472,619,000000000000000000001,336,581,00062,447177,305,2881,657,525,0001,215,851,0001,553,670,0000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,553,670,000
1,215,851,000
1,657,525,000
177,305,288
62,447
1,336,581,000
28,000
0
71,000
0
616,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000616,000071,000028,0001,336,581,00062,447177,305,2881,657,525,0001,215,851,0001,553,670,0000000000000000000000000000000000000000000000
       Accounts payable 
39,144,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
20,570,730,000
20,592,203,000
3,203,508,432
24,872,615,588
22,149,531,000
22,517,331,000
3,444,193,393
23,076,276,000
24,721,166,000
25,117,907,000
25,638,842,000
25,106,529,000
27,144,229,000
27,791,566,000
28,332,332,000
27,516,329,000
28,940,828,000
29,048,543,000
29,765,392,000
28,800,542,000
31,090,928,000
31,921,427,000
33,105,015,000
32,910,844,000
31,886,871,000
36,293,455,000
0
036,293,455,00031,886,871,00032,910,844,00033,105,015,00031,921,427,00031,090,928,00028,800,542,00029,765,392,00029,048,543,00028,940,828,00027,516,329,00028,332,332,00027,791,566,00027,144,229,00025,106,529,00025,638,842,00025,117,907,00024,721,166,00023,076,276,0003,444,193,39322,517,331,00022,149,531,00024,872,615,5883,203,508,43220,592,203,00020,570,730,000000000000000000000000000000000000000000000039,144,000
       Other Current Liabilities 
-39,144,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,640,000
65,300,000
122,564,000
7,786,545
84,837,276
88,346,000
130,531,000
9,620,609
84,741,000
86,727,000
145,044,000
74,780,000
96,192,000
100,121,000
78,157,000
68,325,000
89,785,000
100,844,000
156,057,000
83,924,000
410,034,000
116,695,000
482,045,000
14,294,645,000
14,683,687,000
14,116,097,000
14,594,836,000
14,420,678,000
14,420,678,00014,594,836,00014,116,097,00014,683,687,00014,294,645,000482,045,000116,695,000410,034,00083,924,000156,057,000100,844,00089,785,00068,325,00078,157,000100,121,00096,192,00074,780,000145,044,00086,727,00084,741,0009,620,609130,531,00088,346,00084,837,2767,786,545122,564,00065,300,00052,640,000000000000000000000000000000000000000000000-39,144,000
   > Long-term Liabilities 
75,140,000
80,669,000
0
77,229,000
89,689,000
78,722,000
90,310,000
113,127,000
135,833,000
100,412,000
96,979,000
89,373,000
87,381,000
75,215,000
125,475,000
147,096,000
169,132,000
184,931,000
221,621,000
237,211,000
299,061,000
383,518,000
441,028,000
453,957,000
497,338,000
500,292,000
473,696,000
486,368,000
631,958,000
615,445,000
581,241,000
655,179,000
736,756,000
730,025,000
714,569,000
712,053,000
721,601,000
723,780,000
748,612,000
784,215,000
849,925,000
841,303,000
916,407,000
858,044,000
934,565,000
908,655,000
970,425,000
1,018,888,000
1,013,900,000
1,080,088,000
1,175,279,000
1,104,091,000
1,246,921,000
1,326,477,000
1,304,804,000
1,233,128,000
1,305,692,000
1,318,100,000
1,367,273,000
1,266,743,000
1,327,479,000
1,307,324,000
1,259,250,000
1,280,715,000
1,327,658,000
1,356,791,000
1,413,280,000
1,426,616,000
1,646,412,000
1,782,938,000
1,796,484,000
1,796,484,0001,782,938,0001,646,412,0001,426,616,0001,413,280,0001,356,791,0001,327,658,0001,280,715,0001,259,250,0001,307,324,0001,327,479,0001,266,743,0001,367,273,0001,318,100,0001,305,692,0001,233,128,0001,304,804,0001,326,477,0001,246,921,0001,104,091,0001,175,279,0001,080,088,0001,013,900,0001,018,888,000970,425,000908,655,000934,565,000858,044,000916,407,000841,303,000849,925,000784,215,000748,612,000723,780,000721,601,000712,053,000714,569,000730,025,000736,756,000655,179,000581,241,000615,445,000631,958,000486,368,000473,696,000500,292,000497,338,000453,957,000441,028,000383,518,000299,061,000237,211,000221,621,000184,931,000169,132,000147,096,000125,475,00075,215,00087,381,00089,373,00096,979,000100,412,000135,833,000113,127,00090,310,00078,722,00089,689,00077,229,000080,669,00075,140,000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
692,670,000
1,008,084,000
838,626,000
168,025,821
875,495,376
734,418,000
470,359,000
134,878,802
454,059,000
724,658,000
539,659,000
646,564,000
543,815,000
632,464,000
706,997,000
725,720,000
720,595,000
722,147,000
759,134,000
810,166,000
461,925,000
860,662,000
470,455,000
874,515,000
789,975,000
0
488,814,000
0
0488,814,0000789,975,000874,515,000470,455,000860,662,000461,925,000810,166,000759,134,000722,147,000720,595,000725,720,000706,997,000632,464,000543,815,000646,564,000539,659,000724,658,000454,059,000134,878,802470,359,000734,418,000875,495,376168,025,821838,626,0001,008,084,000692,670,0000000000000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,436,171
0
0
0
3,525,000
0
3,145,000
0
3,811,000
0
3,921,000
0
4,684,000
0
5,315,000
0
5,592,000
0
5,380,000
0
0
0
6,607,000
0
06,607,0000005,380,00005,592,00005,315,00004,684,00003,921,00003,811,00003,145,00003,525,0000004,436,17100000000000000000000000000000000000000000000000
> Total Stockholder Equity
256,947,000
326,225,000
0
466,896,000
485,352,000
498,618,000
520,958,000
538,947,000
566,608,000
550,007,000
581,699,000
603,183,000
636,552,000
616,416,000
646,210,000
673,893,000
719,089,000
704,279,000
753,832,000
820,430,000
870,968,000
858,391,000
900,682,000
956,742,000
1,021,815,000
1,016,318,000
1,073,350,000
1,124,997,000
1,194,175,000
1,171,507,000
1,231,739,000
1,274,134,000
1,358,485,000
1,354,857,000
1,427,581,000
1,530,859,000
1,611,328,000
1,603,025,000
1,680,028,000
1,789,474,000
1,863,180,000
1,856,593,000
1,942,287,000
1,969,751,000
2,032,748,000
2,018,295,000
2,088,946,000
2,127,491,000
2,171,510,000
2,178,599,000
2,266,963,000
2,330,001,000
2,413,627,000
2,413,376,000
2,654,896,000
2,676,186,000
2,763,853,000
2,730,866,000
2,806,279,000
2,893,502,000
2,977,677,000
3,029,890,000
3,146,096,000
3,257,755,000
3,336,786,000
3,314,198,000
3,409,851,000
3,495,171,000
3,581,383,000
3,575,999,000
3,656,043,000
3,656,043,0003,575,999,0003,581,383,0003,495,171,0003,409,851,0003,314,198,0003,336,786,0003,257,755,0003,146,096,0003,029,890,0002,977,677,0002,893,502,0002,806,279,0002,730,866,0002,763,853,0002,676,186,0002,654,896,0002,413,376,0002,413,627,0002,330,001,0002,266,963,0002,178,599,0002,171,510,0002,127,491,0002,088,946,0002,018,295,0002,032,748,0001,969,751,0001,942,287,0001,856,593,0001,863,180,0001,789,474,0001,680,028,0001,603,025,0001,611,328,0001,530,859,0001,427,581,0001,354,857,0001,358,485,0001,274,134,0001,231,739,0001,171,507,0001,194,175,0001,124,997,0001,073,350,0001,016,318,0001,021,815,000956,742,000900,682,000858,391,000870,968,000820,430,000753,832,000704,279,000719,089,000673,893,000646,210,000616,416,000636,552,000603,183,000581,699,000550,007,000566,608,000538,947,000520,958,000498,618,000485,352,000466,896,0000326,225,000256,947,000
   Common Stock
248,000,000
286,509,000
0
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
334,019,000
349,019,000
349,019,000
349,020,000
349,020,000
349,084,000
349,313,000
349,322,000
349,322,000
349,620,000
349,643,000
349,650,000
350,572,000
351,390,000
351,391,000
351,406,000
351,513,000
353,495,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000
356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000356,407,000353,495,000351,513,000351,406,000351,391,000351,390,000350,572,000349,650,000349,643,000349,620,000349,322,000349,322,000349,313,000349,084,000349,020,000349,020,000349,019,000349,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,000334,019,0000286,509,000248,000,000
   Retained Earnings 
5,009,000
18,656,000
0
5,344,000
24,405,000
41,201,000
63,656,000
45,440,000
78,543,000
65,454,000
93,646,000
72,146,000
107,292,000
83,331,000
116,909,000
117,931,000
159,455,000
145,651,000
188,252,000
201,157,000
254,877,000
246,170,000
300,486,000
313,334,000
374,526,000
365,288,000
427,699,000
372,541,000
441,080,000
426,966,000
494,094,000
511,949,000
584,741,000
567,321,000
639,536,000
650,236,000
723,877,000
706,723,000
779,387,000
781,988,000
856,640,000
848,532,000
921,048,000
940,663,000
1,016,221,000
1,009,436,000
1,084,375,000
1,097,544,000
1,121,013,000
1,115,199,000
1,193,937,000
1,206,666,000
1,288,120,000
1,284,522,000
1,368,247,000
1,368,536,000
1,452,813,000
1,423,060,000
1,496,369,000
1,510,558,000
1,596,080,000
1,578,442,000
1,659,413,000
1,620,642,000
1,710,384,000
1,678,872,000
1,764,954,000
1,767,537,000
1,860,928,000
1,833,360,000
1,919,997,000
1,919,997,0001,833,360,0001,860,928,0001,767,537,0001,764,954,0001,678,872,0001,710,384,0001,620,642,0001,659,413,0001,578,442,0001,596,080,0001,510,558,0001,496,369,0001,423,060,0001,452,813,0001,368,536,0001,368,247,0001,284,522,0001,288,120,0001,206,666,0001,193,937,0001,115,199,0001,121,013,0001,097,544,0001,084,375,0001,009,436,0001,016,221,000940,663,000921,048,000848,532,000856,640,000781,988,000779,387,000706,723,000723,877,000650,236,000639,536,000567,321,000584,741,000511,949,000494,094,000426,966,000441,080,000372,541,000427,699,000365,288,000374,526,000313,334,000300,486,000246,170,000254,877,000201,157,000188,252,000145,651,000159,455,000117,931,000116,909,00083,331,000107,292,00072,146,00093,646,00065,454,00078,543,00045,440,00063,656,00041,201,00024,405,0005,344,000018,656,0005,009,000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
3,938,000
21,060,000
0
127,533,000
126,928,000
123,398,000
123,283,000
159,488,000
154,046,000
150,534,000
154,034,000
197,018,000
195,241,000
199,066,000
195,282,000
221,943,000
225,615,000
224,609,000
231,561,000
270,254,000
267,072,000
263,201,000
251,176,000
294,324,000
297,976,000
301,708,000
296,329,000
402,836,000
403,452,000
394,891,000
387,073,000
410,795,000
422,353,000
436,130,000
436,532,000
492,700,000
496,616,000
505,467,000
509,806,000
571,704,000
570,758,000
572,279,000
585,457,000
593,306,000
580,745,000
573,077,000
568,789,000
594,165,000
614,715,000
627,618,000
637,244,000
687,553,000
689,725,000
693,072,000
930,242,000
831,774,000
954,633,000
831,930,000
953,503,000
887,381,000
1,025,190,000
955,885,000
1,130,276,000
1,280,706,000
1,269,995,000
1,144,305,000
219,717,000
368,142,000
219,717,000
368,142,000
219,717,000
219,717,000368,142,000219,717,000368,142,000219,717,0001,144,305,0001,269,995,0001,280,706,0001,130,276,000955,885,0001,025,190,000887,381,000953,503,000831,930,000954,633,000831,774,000930,242,000693,072,000689,725,000687,553,000637,244,000627,618,000614,715,000594,165,000568,789,000573,077,000580,745,000593,306,000585,457,000572,279,000570,758,000571,704,000509,806,000505,467,000496,616,000492,700,000436,532,000436,130,000422,353,000410,795,000387,073,000394,891,000403,452,000402,836,000296,329,000301,708,000297,976,000294,324,000251,176,000263,201,000267,072,000270,254,000231,561,000224,609,000225,615,000221,943,000195,282,000199,066,000195,241,000197,018,000154,034,000150,534,000154,046,000159,488,000123,283,000123,398,000126,928,000127,533,000021,060,0003,938,000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue889,379,000
Cost of Revenue--
Gross Profit-889,379,000
 
Operating Income (+$)
Gross Profit-
Operating Expense--
Operating Income-0
 
Operating Expense (+$)
Research Development-
Selling General Administrative232,255,000
Selling And Marketing Expenses-
Operating Expense-232,255,000
 
Net Interest Income (+$)
Interest Income1,388,095,000
Interest Expense-719,232,000
Other Finance Cost-0
Net Interest Income668,863,000
 
Pretax Income (+$)
Operating Income-
Net Interest Income668,863,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)412,334,0000
EBIT - interestExpense = -719,232,000
362,590,000
1,081,822,000
Interest Expense719,232,000
Earnings Before Interest and Taxes (EBIT)-1,131,566,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax412,334,000
Tax Provision-49,116,000
Net Income From Continuing Ops363,218,000363,218,000
Net Income362,590,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--668,863,000
 

Technical Analysis of Industrial and Commercial Bank of China
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Industrial and Commercial Bank of China. The general trend of Industrial and Commercial Bank of China is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Industrial and Commercial Bank of China's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Industrial and Commercial Bank of China.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: < < .

The bearish price targets are: 0.5 > 0.49 > 0.49.

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Industrial and Commercial Bank of China Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Industrial and Commercial Bank of China. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Industrial and Commercial Bank of China Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Industrial and Commercial Bank of China. The current macd is 0.00273518.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Industrial and Commercial Bank of China price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Industrial and Commercial Bank of China. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Industrial and Commercial Bank of China price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Industrial and Commercial Bank of China Daily Moving Average Convergence/Divergence (MACD) ChartIndustrial and Commercial Bank of China Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Industrial and Commercial Bank of China. The current adx is 27.83.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Industrial and Commercial Bank of China shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Industrial and Commercial Bank of China Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Industrial and Commercial Bank of China. The current sar is 0.549.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Industrial and Commercial Bank of China Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Industrial and Commercial Bank of China. The current rsi is 43.80. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Industrial and Commercial Bank of China Daily Relative Strength Index (RSI) ChartIndustrial and Commercial Bank of China Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Industrial and Commercial Bank of China. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Industrial and Commercial Bank of China price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Industrial and Commercial Bank of China Daily Stochastic Oscillator ChartIndustrial and Commercial Bank of China Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Industrial and Commercial Bank of China. The current cci is -124.86387384.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Industrial and Commercial Bank of China Daily Commodity Channel Index (CCI) ChartIndustrial and Commercial Bank of China Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Industrial and Commercial Bank of China. The current cmo is -19.79255552.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Industrial and Commercial Bank of China Daily Chande Momentum Oscillator (CMO) ChartIndustrial and Commercial Bank of China Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Industrial and Commercial Bank of China. The current willr is -100.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Industrial and Commercial Bank of China Daily Williams %R ChartIndustrial and Commercial Bank of China Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Industrial and Commercial Bank of China.

Industrial and Commercial Bank of China Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Industrial and Commercial Bank of China. The current atr is 0.01069356.

Industrial and Commercial Bank of China Daily Average True Range (ATR) ChartIndustrial and Commercial Bank of China Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Industrial and Commercial Bank of China. The current obv is -3,471,596.

Industrial and Commercial Bank of China Daily On-Balance Volume (OBV) ChartIndustrial and Commercial Bank of China Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Industrial and Commercial Bank of China. The current mfi is 46.62.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Industrial and Commercial Bank of China Daily Money Flow Index (MFI) ChartIndustrial and Commercial Bank of China Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Industrial and Commercial Bank of China.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-12RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-13MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-15MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-08WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-11MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

6.3. Candlestick Patterns

Industrial and Commercial Bank of China Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Industrial and Commercial Bank of China based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.798
Ma 20Greater thanMa 500.523
Ma 50Greater thanMa 1000.502
Ma 100Greater thanMa 2000.490
OpenGreater thanClose0.500
Total3/5 (60.0%)
Penke

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