In this article, we will discuss the 5 most profitable Chinese stocks. If you want to see more stocks in this selection, go to the 11 Most Profitable Chinese Stocks.
5. Tencent Holdings Limited (0700.HK)
Trailing 12 months Net Income: $22.54 billion (HK$176.93 billion)
Tencent Holdings Limited (0700.HK) is a Shenzhen-based internet and technology conglomerate company that is one of the biggest revenue-generating entities in the media sector.
The company secured the 28th position on the 2022 Forbes Global 2000 list. Tencent Holdings Limited (0700.HK) also owns instant messaging services like WeChat and WeCom. WeCom achieved a key milestone by catering to the needs of 5.5 million companies and reaching 130 million monthly active users (MAUs) in December 2020. Meanwhile, WeChat has 1.3 billion users on its platform as of 2022. Tencent Holdings Limited (0700.HK) is also the home to QQ, a web portal and instant messaging software platform that provides group and voice chat, microblogging, movies, music, and shopping services.
4. Bank of China Limited (601988.SS)
Trailing 12 months Net Income: $33.10 billion (¥226.12 billion)
Bank of China Limited (601988.SS) is a Shanghai-based majority state-owned bank established in 1912.
Bank of China Limited (601988.SS) went public in 2006. The company has the honor of becoming the banking partner for the 2017 Paralympic Winter Games and 2022 Olympics. The bank is not only present in China but also has a presence across 57 other countries. Bank of China Limited (601988.SS) ranks 13th on the 2022 Forbes Global 2000 list and is also a member of the Financial Stability Board’s (FSB’s) Global Systematically Important Banks (G-SIBs) list for 2022.
3. Agricultural Bank of China Limited (ABC) (601288.SS)
Trailing 12 months Net Income: $36.88 billion (¥251.98 billion)
Agricultural Bank of China Limited (ABC) (601288.SS) is another of the big-four banking entities of China on our list of the 11 most profitable Chinese stocks.
The bank has 2.7 million corporate clients and conducts its operations through 24,000 branches. Agricultural Bank of China Limited (601288.SS) is the third biggest lender in China based on assets. It is also (601288.SS) one of the 30 banks on the 2022 list of G-SIBs formulated by the FSB in corporation with the Basel Committee. Agricultural Bank of China Limited (601288.SS) is also a market leader in the field of environment, social, and governance (ESG) based on its investment principles, according to Euromoney.
2. China Construction Bank Corporation (601939.SS)
Trailing 12 months Net Income: $46.49 billion (¥317.64 billion)
China Construction Bank Corporation (601939.SS) is considered one of the four biggest banks in China. The Beijing-based bank was founded in 1954 and presently holds the fifth position on the 2022 Forbes Global 2000 list.
The bank is involved in providing a wide variety of financial products and services through its personal and corporate banking operations. China Construction Bank Corporation (601939.SS) has over 13,600 local branches in China with a total asset base of over $4.56 trillion. The bank intends to focus on supporting the economic stability and recovery of the Chinese economy under the principles outlined by President Xi Jinping. China Construction Bank Corporation (601939.SS) is also a constituent of the 2022 FSB’s G-SIBs list.
1. Industrial and Commercial Bank of China Limited (ICBC) (601398.SS)
Trailing 12 months Net Income: $48.30 billion (¥362.34 billion)
Industrial and Commercial Bank of China Limited (ICBC) (601398.SS) is a Beijing-based commercial bank that was established in January 1984.
The bank currently has 259 million personal banking customers and 4.12 million corporate banking customers with operations in Asia, Europe, North America, Oceania, and South America. Industrial and Commercial Bank of China Limited (ICBC) (601398.SS) ranks second on the Forbes Global 2000 list for 2022 after losing its top position to Berkshire Hathaway Inc (NYSE:BRK-B). Industrial and Commercial Bank of China Limited (ICBC) (601398.SS) occupied the top position for the past nine consecutive years. ICBC also has the distinction of being on the 2022 G-SIBs list formulated by the FSB and Basel Committee.
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