Agricultural Bank of China, CNE100000Q43

Agricultural Bank of China stock trades at CNY 6.97 as profits rise

Published on 10/04/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Agricultural Bank of China stock reported RMB148.1 billion in first-half profit, up 5.8 percent year over year. A CNY 160 billion placement remains the key capital issue.

Agricultural Bank of China, CNE100000Q43, Illustration mit AI erstellt.

Agricultural Bank of China stock (ISIN CNE100000Q43) was last at CNY 6.97 on the Shanghai Stock Exchange on September 30, 2026, while first-half net profit rose 5.8 percent year over year to RMB148.1 billion. The latest operating picture combines faster income growth with a pending capital measure that could reshape the share count.

Income growth outpaces profit

According to the bank's 2026 interim report for the six months ended June 30, 2026, operating income reached RMB411.1 billion, an 11.2 percent increase from RMB369.8 billion a year earlier. Net profit attributable to equity holders was RMB146.4 billion, up 4.9 percent, showing that earnings growth remained below the expansion in operating income.

The margin picture is mixed. Net interest income increased 10.5 percent to RMB312.2 billion, but the net interest margin was 1.28 percent, down 4 basis points from the first half of 2025. Credit impairment losses rose 12.9 percent to RMB110.6 billion, a cost factor that helps explain the gap between income and profit growth.

Capital plan changes the equation

Reuters reported on September 6, 2026, that Agricultural Bank of China planned to raise up to CNY 160 billion through a private placement of A shares. The proceeds are intended to replenish core capital, but the issuance also creates potential dilution for existing shareholders.

The bank's capital adequacy ratio stood at 17.50 percent on June 30, 2026, while its non-performing loan ratio was 1.25 percent. Loans and advances to customers reached RMB28.8 trillion, up 6.2 percent from the end of 2025, giving the capital plan a direct connection to balance-sheet expansion.

Dividend date approaches

The interim dividend approved for 2026 is RMB 1.297 per 10 A shares. Futubull reported that shareholders approved the distribution on September 29, 2026, with the A-share payment scheduled for October 21, 2026.

For valuation context, Investing.com listed 16 analysts in its consensus on September 24, 2026, with 7 Buy ratings, 9 Holds and no Sells. Its average 12-month price target was CNY 7.27, 4.3 percent above the reference price of CNY 6.97.

Stock remains below yearly high

Agricultural Bank of China stock had a market capitalization of CNY 2,439.3 billion and volume of 217,472,669 shares on September 30, 2026. Its 52-week range was CNY 5.79 to CNY 8.68, placing the reference price CNY 1.71 below the yearly high.