Core Viewpoint - The report from CICC maintains the profit forecast for CITIC Limited (00267) for 2025 and 2026, with a target price increase of 17.4% to HKD 13.5, reflecting a market sentiment improvement [1] Group 1: Financial Performance - In 1H25, CITIC Limited reported revenue of CNY 368.8 billion, with a net profit increase of 6% year-on-year to CNY 59.8 billion, and a parent net profit of CNY 31.2 billion, showing a core operating profit growth of 0.4% after adjusting for last year's dilution effects [2] - The company declared an interim dividend of CNY 0.2 per share, with a year-on-year increase of 5.3% in half-year DPS, resulting in a dividend payout ratio increase of 1.4% to 18.6% [2] Group 2: Financial Sector Growth - The comprehensive financial sector's external revenue increased by 2% year-on-year to CNY 139.8 billion, contributing 38% to the total, with a parent net profit growth of 2% to CNY 28.4 billion, contributing 91% [3] - CITIC Bank's parent net profit rose by 3% to CNY 36.5 billion, driven by reduced operational and risk costs [3] - CITIC Securities experienced a revenue and parent net profit increase of 20% and 30% respectively, benefiting from an active capital market [3] - CITIC Trust's revenue and parent net profit grew by 4% and 13% respectively, with trust asset scale increasing by 13% since the beginning of the year [3] - CITIC Prudential's original premium income and parent net profit increased by 11% and 5% respectively, ranking among the top in foreign-funded life insurance companies [3] Group 3: Challenges in Advanced Materials and New Urbanization - The advanced materials sector reported external revenue and parent net profit of CNY 163.7 billion and CNY 5.2 billion respectively, with notable profit increases from CITIC Special Steel, Nanjing Steel, and CITIC Metal at 3%, 19%, and 31% respectively [4] - The advanced manufacturing sector's external revenue grew by 7% year-on-year to CNY 27.3 billion [4] - The new consumption sector saw a parent net profit increase of 353%, with CITIC Publishing's profit rising by 30% [4] - The new urbanization sector reported external revenue and parent net profit of CNY 14.4 billion and CNY 1.9 billion respectively, with significant sales growth in the real estate business, achieving a year-on-year increase of 60% to CNY 8 billion [4]

Core Viewpoint - CITIC Limited reported a robust mid-year performance with total assets exceeding 12.5 trillion RMB, revenue of 368.8 billion RMB, and net profit of 59.8 billion RMB, indicating steady growth across key metrics [1][3]. Financial Performance - As of June 30, 2025, CITIC Limited's total assets reached 12.5 trillion RMB, a 3.5% increase from the end of 2024, while total liabilities rose by 3.6% to 11.03 trillion RMB, maintaining a stable asset structure [3][4]. - The company reported a revenue of 368.76 billion RMB, a slight decrease of 1.6% compared to the previous year, while pre-tax profit increased by 5.9% to 76.01 billion RMB [4]. - Net profit was recorded at 59.85 billion RMB, up 5.5% year-on-year, although the net profit attributable to ordinary shareholders decreased by 2.8% to 31.23 billion RMB [4]. Shareholder Returns - The board proposed an interim dividend of 0.2 RMB per share, totaling 5.818 billion RMB, reflecting a 5.3% increase from the previous year [5][6]. - The actual dividend payout ratio for 2024 reached 27.5%, exceeding the planned ratio by 0.5 percentage points [6]. Financial Subsidiaries Performance - Financial subsidiaries showed comprehensive profit growth, with total financial service revenue reaching 139.77 billion RMB, a 2.0% increase from the previous year [5]. - The book value of financial assets increased by 5.0% to 3.714 trillion RMB, with financial assets accounting for 29.7% of total assets, up 0.4 percentage points [5]. Risk Management - The company emphasized the importance of risk control, implementing a management plan for the concentration limits of the comprehensive financial sector for 2025 [6]. - There was a significant reduction in regulatory penalties, with the number and amount of penalties decreasing by 30% and 80% respectively, indicating progress in compliance management [6].

Group 1 - CITIC Limited (00267) announced that CITIC Heavy Industries (601608.SH) received resignation letters from Mr. Hao Bing and Mr. Xiong Guoyuan [1] - Mr. Hao Bing resigned from the position of Deputy General Manager to continue his role as Chief Scientist for CITIC Group's "Star River" initiative, while still contributing to the company's technological innovation [1] - Mr. Xiong Guoyuan resigned due to retirement age and will no longer hold any position within the company after his resignation [1]

Core Viewpoint - CITIC Limited reported a slight decrease in revenue but an increase in net profit for the first half of 2025, indicating resilience in its financial performance amidst challenging market conditions [1] Financial Performance - The company achieved operating revenue of 368.8 billion RMB, a year-on-year decrease of 1.6% [1] - Net profit reached 59.8 billion RMB, reflecting a year-on-year increase of 5.5% [1] Dividend Distribution - The board of CITIC Limited proposed an interim dividend of 0.20 RMB per share, which is an increase of 0.01 RMB per share or 5.3% compared to the previous year [1] - The total dividend payout amounts to 5.818 billion RMB [1] Future Outlook - CITIC Limited aims to maintain strategic focus and leverage development opportunities while adhering to a bottom-line mindset [1] - The company plans to scientifically formulate its "14th Five-Year Plan" to enhance its dual-engine advantage of finance and industry [1] - There is an emphasis on advancing global layout and collaborative efficiency, accelerating the release of reform dividends and growth potential, and enhancing development resilience and certainty [1]

中信股份(00267)发布公告，梁定邦先生(现为公司独立非执行董事及薪酬委员会主席，以及审计与风险 委员会、提名委员会及战略与可持续发展委员会的成员)获指定为首席独立非执行董事，自2025年8月29 日生效。 ...

Group 1 - CITIC Limited (00267) announced the resignation of two executives from CITIC Heavy Industries (601608.SH) [1] - Mr. Hao Bing resigned from the position of Deputy General Manager to focus on his role as Chief Scientist for CITIC Group's "Xinghe" initiative, while continuing to support the company's technological innovation efforts [1] - Mr. Xiong Guoyuan resigned due to retirement and will no longer hold any position within the company after stepping down as Deputy General Manager [1]

中信股份(00267)发布全资附属公司中国中信有限公司(中信有限)截至2025年6月30日止上半年业绩，营 业总收入1911.19亿元人民币，同比增加2.53%;归属于母公司所有者的净利润277.73亿元，同比增加 0.75%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中信重工机械股份有限公司 关于公司副总经理辞任的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中信重工机械股份有限公司（以下简称"公司"）董事会于近日 收到郝兵先生、熊国源先生的辞任函。郝兵先生因担任中信集团"星 河"行动首席科学家申请辞去公司副总经理职务，郝兵先生辞去公司 副总经理后，将继续赋能公司科技创新工作；熊国源先生因到龄退休， 申请辞去公司副总经理职务，熊国源先生辞去公司副总经理职务后， 不再担任公司任何职务。根据《公司法》《公司章程》等相关规定， 其提交的辞任函自送达董事会之日起生效。截至本公告日，郝兵先生、 熊国源先生未持有公司股份。 郝兵先生、熊国源先生在担任公司副总经理期间，恪尽职守、勤 勉尽责，在推进国家重大专项、强化科研技术攻关、优化信息化智能 化体系、拓展特种材料产业、实施技术升级改造、精 ...

Group 1 - CITIC Limited (00267.HK) announced the appointment of Liang Dingbang as the Chief Independent Non-Executive Director, effective from August 29, 2025 [1] - Liang Dingbang currently serves as an independent non-executive director and is the chairman of the remuneration committee, as well as a member of the audit and risk committee, nomination committee, and strategic and sustainable development committee [1]

智通财经APP讯，中信股份(00267)发布公告，梁定邦先生(现为公司独立非执行董事及薪酬委员会主 席，以及审计与风险委员会、提名委员会及战略与可持续发展委员会的成员)获指定为首席独立非执行 董事，自2025年8月29日生效。 ...