CITIC(HK:00267) Zhi Tong Cai Jing·2025-08-29 05:10Group 1 - The core viewpoint of the articles highlights the robust performance of CITIC Limited in the first half of 2025, driven by the synergy between its financial and industrial sectors, with notable shareholder returns and market value management achievements [1] - The board of CITIC Limited proposed an interim dividend of RMB 0.2 per share, totaling RMB 58.18 billion, representing a 5.3% increase from the previous year's interim dividend [1] - CITIC Limited has emphasized shareholder returns, with a three-year shareholder return plan aiming for a dividend payout ratio of no less than 27% in 2024, 28% in 2025, and striving for 30% in 2026, with the actual payout ratio for 2024 already reaching 27.5% [1] Group 2 - The company has implemented several market value management initiatives, including encouraging senior management to purchase shares at their own expense, incorporating all listed subsidiaries into market value management assessments, and enhancing communication with domestic and international investors [1] - CITIC Limited's stock price has increased approximately 30% year-to-date, with a market capitalization growth of over HKD 170 billion since the start of the "14th Five-Year Plan," and its price-to-book ratio improving from 0.25 times five years ago to over 0.4 times [2] - Despite the improvements, CITIC Limited's price-to-book ratio remains below 1 times net assets, indicating it is at a historical low, suggesting potential for further valuation recovery as Chinese asset values are reassessed [2]