Industrial Bank Co Ltd Class A 601166

Stock XSHG Rating as of Nov 6, 2026

CN¥19.59 −0.14 (0.71%)

As of Nov 9, 2026, 3:30:02 AM Delayed Price Open

Company Report

Industrial Bank: Strong Investment Income Supports Earnings Recovery; Maintaining Valuation

Iris Tan, Junhao Yang Nov 2, 2026

Industrial Bank's, or CIB's, revenue grew 1% year-on-year in the third quarter, as a surge in investment income offset a 4% decline in both net interest and fee income. However, net profit still fell 2%, mainly due to higher provisioning expenses.

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Price vs Fair Value

View History

601166 is trading at a LOCK|mYtFw premium.

Price

CN¥19.73

Nov 6, 2026

Fair Value

Sep 1, 2026

Uncertainty

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1-Star Price: !&X
5-Star Price: V?
Economic Moat: LOCK|>%
Capital Allocation: LOCK|M#zFd%

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¥19.73
Day Range: CN¥19.52–19.68
52-Week Range: CN¥16.44–21.90
Bid/Ask: CN¥19.58 / CN¥19.59
Shares Outstanding: 21.16B
Market Cap: CN¥414.58B
Volume/Avg: 38M / 96M

Key Statistics

Price/Earnings (Normalized): 6.17
Price/Sales: 2.21
Dividend Yield (Trailing): 5.40%
Dividend Yield (Forward): 5.40%
Dividend Payment Schedule: Feb, Jun
Total Yield: 5.40%

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	000001	601998
Price/Earnings (Normalized)	6.17	5.52	7.40
Price/Book Value	0.49	0.48	0.67
Price/Sales	2.21	1.80	2.47
Price/Cash Flow	3.81	0.46	1.01

Price/Earnings

601166

000001

601998

Financial Strength

Metric	601166	000001	601998
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

Metric	601166	000001	601998
Return on Assets (Normalized)	0.67%	0.73%	0.69%
Return on Equity (Normalized)	9.02%	9.42%	9.56%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets