Industrial Bank Co Ltd operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Industrial Bank Co Ltd with three other
companies in this sector in CHINA :
China Citic Bank Corporation Limited
sales of 347.81 billion Chinese Renmimbi [US$53.72 billion]
of which 26%
was Corporate Banking),
Shanghai Pudong Development Bank
(363.14 billion Chinese Renmimbi [US$56.09 billion]
of which 71%
was Head office), and
China Minsheng Banking Corporation Limited
(338.63 billion Chinese Renmimbi [US$52.30 billion]
of which 30%
was Corporate banking business).
During the year ended December of 2020, sales at
Industrial Bank Co Ltd were 369.16 billion Chinese Renmimbi (US$57.02 billion).
increase of 5.1%
versus 2019, when the company's sales were 351.33 billion Chinese Renmimbi.
This was the fourth straight year of sales growth at Industrial Bank Co Ltd.
Sales of Headquaters saw an increase
that was more than double the company's growth rate: sales were up
20.1% in 2020, from
72.29 billion Chinese Renmimbi to 86.81 billion Chinese Renmimbi.
Industrial Bank Co Ltd also saw significant increases in sales in
Fujian (up 17.3% to 24.48 billion Chinese Renmimbi)
Middle China (up 17.7% to 17.95 billion Chinese Renmimbi)
Zhejiang (up 14.4% to 7.82 billion Chinese Renmimbi)
Not all segments of Industrial Bank Co Ltd experienced an increase in sales in 2020:
sales of Beijing fell 11.4% to 6.56 billion Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).
Industrial Bank Co Ltd also experienced decreases in sales in
Western China (down 2.0% to 13.94 billion Chinese Renmimbi)
Guangdong (down 1.5% to 11.81 billion Chinese Renmimbi)