Now everyone is more concerned about who has become a billionaire, who has missed the billionaire, how much Ma Yun is worth, how much he can rank in the world and so on.
But I think there is one company that will be very dissatisfied with the listing of ants, and that is the largest bank in the universe, Industrial and Commercial Bank of China. ICBC has always been the largest financial listed company in the world, but now it will be surpassed by ants.
At present, ICBC is still the most profitable bank in the world, and there is no one. Recently, ICBC released its report for the third quarter of 2020, with a net profit of 79.885 billion yuan in the third quarter, down 4.65% year-on-year. The net profit in the first three quarters of 2020 was 228.675 billion yuan, down 9. 15% year-on-year.
And let's look at the relevant data of Ant Group. Ant Group achieved operating income of1181.91billion yuan in the first three quarters, with gross profit of 69.549 billion yuan.
It can be said that the revenue of Ant Group is only about half that of ICBC, and the profit of ICBC in one quarter exceeds that of Ant Group in three quarters. In the first three quarters, ICBC's profit was more than three times that of Ant.
We must know that for the capital market, although it is long-term, performance is a very important factor, and profitability is a hard indicator. But at present, the market value of ICBC is only about 1.76 trillion yuan, which is 20% lower than that of Ant. This still takes into account that ants have not risen after listing.
In fact, ICBC has done nothing wrong, but people's views on banks have changed. Ant Group is the representative of Internet finance and technology and finance, and Industrial and Commercial Bank of China is the representative of traditional banks.
In the past many years, now many years, as long as any enterprise is exposed to the Internet and high technology, its valuation or market value will soar, just as the concept of chips will soar this year.
Therefore, if ICBC refuses to accept it again, it will have to endure it. Who called it a traditional bank without the concept of the Internet? In everyone's eyes, it is not a high-tech enterprise.