CITIC Ltd
OTC:CTPCY

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CITIC Ltd
OTC:CTPCY
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Price: 7.87 USD Market Closed
Market Cap: 45.8B USD

CITIC Ltd
Investor Relations

CITIC Ltd., through the rhythms of modern commerce, has orchestrated a multifaceted symphony that resonates across the global business landscape. Emerging from its roots in China, the company has matured into a conglomerate with a diversified portfolio spanning finance, energy, resources, manufacturing, engineering, and real estate. In financial services, CITIC stands as a formidable player, leveraging its broad base from banking and securities to insurance. Its segment in real estate and infrastructure development demonstrates a profound influence, especially within China, where rapid urban expansion fuels continued demand for construction and development projects. The blend of traditional industries with innovation has been paramount as CITIC drives towards sustainable practices and integrates technological advancements to streamline their operations and product offerings.

At the heart of CITIC's commercial prowess is its ability to balance diverse interests while maintaining a cohesive operational strategy. In natural resources and energy, CITIC actively invests and participates in mining, petroleum, and electric power sectors, reinforcing the supply chains essential for its manufacturing arms. This inventive synergy allows CITIC to optimize the sourcing of raw materials and manage costs effectively. Beyond tangible commodities, CITIC's venture into telecommunications and information technology further diversifies its revenue streams, remaining astute to global trends in digital transformation. Through its investments and activities, CITIC Ltd. not only contributes significant economic value but also portrays a narrative of persistence and adaptation in the face of evolving global markets.

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Last Earnings Call
Fiscal Period
Q2 2020
Call Date
Aug 28, 2020
AI Summary
Q2 2020

Revenue Down: CITIC Limited reported first-half revenue of HKD 255.8 billion, a 7.7% decrease year-on-year, impacted by the pandemic.

Profit Decline: Net profit attributable to shareholders was HKD 27 billion, down 19% from the prior year.

Segment Performance: Both financial and nonfinancial segments saw profit declines, though nonfinancial segments increased their share of total net profit.

Dividend Cut: Dividend per share was reduced to HKD 0.1, down by HKD 0.08, with management emphasizing a long-term commitment to stable payouts.

Pandemic Impact: COVID-19 negatively affected overseas businesses, especially in manufacturing and resources, though domestic recovery helped offset some losses.

Loan & NPL Trends: CITIC Bank loans continued to grow, but the nonperforming loan ratio increased to 1.83%, prompting higher provisions.

Future Focus: Management highlighted plans for cost control, risk management, innovation, and strengthening synergies between financial and nonfinancial sectors.

Key Financials
Revenue
HKD 255.8 billion
Net Profit
HKD 27 billion
Earnings Per Share
HKD 0.93
Dividend Per Share
HKD 0.1
Capital Expenditure
HKD 10.7 billion
Total Assets
HKD 8.4773 trillion
Total Liabilities
HKD 7.58 trillion
Consolidated Debt
HKD 952.6 billion
Financial Sector Revenue
HKD 117 billion
Financial Sector Profit After Tax
HKD 21.9 billion
CITIC Bank Revenue
RMB 102 billion
CITIC Bank Net Profit
RMB 25 billion
CITIC Bank NPL Ratio
1.83%
CITIC Bank Provision Coverage Ratio
176%
CITIC Bank Capital Adequacy Ratio
12.6%
CITIC Trust Revenue
RMB 3.3 billion
CITIC Trust Net Profit
RMB 1.1 billion
CITIC-Prudential Life Net Profit
RMB 780 million
CITIC-Prudential Life Premium Income
RMB 12.7 billion
CITIC Securities Revenue
RMB 34.7 billion
CITIC Securities Net Profit
RMB 8.9 billion
Resources and Energy Revenue
HKD 46 billion
Resources and Energy Profit
HKD 710 million
CITIC Resources Net Loss
HKD 430 million
CITIC Metal Profit
HKD 700 million
Manufacturing Revenue
HKD 42.5 billion
Manufacturing Profit
HKD 2.8 billion
CITIC Pacific Special Steel Net Profit
RMB 2.75 billion
CITIC Dicastal Net Profit
RMB 280 million
CITIC Heavy Industries Net Profit
RMB 170 million
Real Estate Revenue
HKD 2.9 billion
Other Earnings Calls
2020

Management

Mr. Guohua Xi Ph.D.
Executive Chairman
No Bio Available
Mr. Guoquan Wang
VP & Executive Director
No Bio Available
Mr. Wenwu Zhang
President & Executive Vice Chairman
No Bio Available
Mr. Guoqiang Cao
Chief Financial Officer
No Bio Available
Mr. Liang Huijiang
Chief Investment Officer
No Bio Available
Ms. Lisa Yang
General Manager of Technical Services
No Bio Available
Ms. Chen Meng Holly
Director of Group Investor Relations & Corporate Communications
No Bio Available
Mr. Wing Kay Choy
Group General Counsel & Joint Company Secretary
No Bio Available
Ms. Huayue Zhu
General Manager of Sales & Marketing
No Bio Available

Contacts

Address
BEIJING
Beijing
CITIC Mansion, No. 10 Guanghua Road, Chaoyang District
Contacts