OverviewSuggest Edit

CITIC (中信集团) is a conglomerate focusing on financial services, resources and energy, manufacturing, engineering contracting, and real estate areas. It is engaged in a range of businesses connected with banking and insurance services, the exploration and processing of mineral resources, energy products trading, power generation, the manufacture of special steel, lightweight automotive parts, and advanced equipment as well as the development and management of mixed-use properties. In addition, CITIC provides other services covering information, logistics, publishing, infrastructure, outsourcing, tourism, and other sectors.
TypePublic
Founded1990
HQHong Kong, HK
Websitecitic.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2020)135,304(-53%)
Revenue (FY, 2020)$552.9 B(-2%)
Share Price (Nov 2021)$7.2
Cybersecurity ratingBMore
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Key People/Management at CITIC

Zhu Hexin

Zhu Hexin

Chairman
Xi Guohua

Xi Guohua

Vice Chairman and President
Li Qingping

Li Qingping

Executive Director, Vice President & Member of the Executive Committee
Liu Zhengjun

Liu Zhengjun

Vice President and Member of the Executive Committee
Wang Guoquan

Wang Guoquan

Vice President and Member of the Executive Committee
Xu Zuo

Xu Zuo

Vice President and Member of the Executive Committee
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CITIC Office Locations

CITIC has offices in Hong Kong and Beijing
Hong Kong, HK (HQ)
32nd Floor, CITIC Tower 1 Tim Mei Avenue
Beijing, CN
CITIC Tower, Guanghualu
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CITIC Financials and Metrics

CITIC Revenue

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CITIC's revenue was reported to be $552.95 b in FY, 2020 which is a 2.4% decrease from the previous period.
HKD

Revenue (FY, 2020)

552.9b

Revenue growth (FY, 2019 - FY, 2020), %

(2.4%)

Gross profit (FY, 2020)

276.6b

Gross profit margin (FY, 2020), %

50%

Net income (FY, 2020)

80.9b

Market capitalization (10-Nov-2021)

216.7b

Closing stock price (10-Nov-2021)

7.2

Cash (31-Dec-2020)

755.4b

EV

1.4t
CITIC's current market capitalization is $216.7 b.
HKDFY, 2018FY, 2019FY, 2020

Revenue

533.3b566.5b552.9b

Revenue growth, %

18%6%(2%)

Cost of goods sold

270.9b283.1b276.3b

Gross profit

262.4b283.3b276.6b
HKDFY, 2018FY, 2019FY, 2020

Cash

833.0b740.4b755.4b

Accounts Receivable

43.1b33.5b35.9b

Prepaid Expenses

70.1b80.5b96.3b

Inventories

58.1b54.7b80.4b
HKDFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

15.1b21.8b19.8b

Inventories

(2.4b)7.3b(25.6b)

Accounts Payable

7.2b(18.9b)1.4b

Cash From Operating Activities

151.9b160.1b193.2b
HKDFY, 2018

Revenue/Employee

2.0m

Debt/Equity

1.9 x

Debt/Assets

0.2 x

Financial Leverage

9.4 x
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CITIC Operating Metrics

CITIC's Total Loans was reported to be $4.1t in FY, 2019. CITIC's Assets Under Management was reported to be ¥1.6t in FY, 2019.
FY, 2017FY, 2018FY, 2019

Assets Under Management

¥1.08 t¥1.65 t¥1.57 t

Mobile Banking Users

27.33 m36.7 m

Retail Customers

88.1 m102.2 m

Total Loans

$3.84 t$4.03 t$4.15 t
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CITIC Revenue Breakdown

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CITIC revenue breakdown by business segment: 41.4% from Financial Services, 8.0% from New-type urbanisation, 12.7% from New consumption, 35.4% from Advanced materials and 2.5% from Other

CITIC revenue breakdown by geographic segment: 7.5% from Overseas, 8.4% from Hong Kong, Macau and Taiwan and 84.1% from Mainland China

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CITIC Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

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CITIC Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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CITIC Online and Social Media Presence

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CITIC News and Updates

China CITIC Bank and Yongying Fund Jointly Developed the First Officially Approved Zero Carbon Themed Public Debt Fund

近日,中信银行与永赢基金合作开发的永赢信利碳中和主题一年定期开放债券型发起式证券投资基金正式获批,这是全市场首只碳中和主题公募债基,在我国经济向绿色低碳发展转型的碳中和元年,留下浓墨重彩的一笔。

中信银行与永赢基金合作开发 首只碳中和主题公募债基正式获批

近日,中信银行与永赢基金合作开发的永赢信利碳中和主题一年定期开放债券型发起式证券投资基金正式获批,这是全市场首只碳中和主题公募债基,在我国经济向绿色低碳发展转型的碳中和元年,留下浓墨重彩的一笔。

中信银行上半年实现净利润290.31亿元 同比增长13.66%

报告显示,2021年上半年,中信银行以高质量可持续发展为主线,全力推动业务转型增效,各项业务总体稳中有进,呈现良好发展局面,上半年实现归属于本行股东的净利润290.31亿元,同比增长13.66%,增速达到近年来较好水平。

CITIC Ltd. First-Half Net Profit Rose 64%

CITIC Ltd.'s first-half net profit rose 64% to 44.175 billion Hong Kong dollars (US$5.67 billion), as the conglomerate recovered from the Covid-19 pandemic.

中信重工(601608.SH)半年度净利润为1.74亿元

智通财经APP讯,中信重工(601608,股吧)(601608.SH)发布公告,报告期内,中信重工实现营业收入37.67亿元,同比增长40.19%;实现归属于上市公司股东的净利润1.74亿元,扣除上年同期社保减免等疫情期间政府支持政策影响后,同比增长90.96%;归属于上市公司扣除非经常性损益的净利润1.2亿元,同比增长9.26%;实现经营活动现金流净额0.69亿元。
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CITIC Frequently Asked Questions

  • When was CITIC founded?

    CITIC was founded in 1990.

  • Who are CITIC key executives?

    CITIC's key executives are Zhu Hexin, Xi Guohua and Li Qingping.

  • How many employees does CITIC have?

    CITIC has 135,304 employees.

  • What is CITIC revenue?

    Latest CITIC annual revenue is $552.9 b.

  • What is CITIC revenue per employee?

    Latest CITIC revenue per employee is $4.1 m.

  • Who are CITIC competitors?

    Competitors of CITIC include Mitsubishi Corporation, CK Hutchison Holdings and Sumitomo.

  • Where is CITIC headquarters?

    CITIC headquarters is located at 32nd Floor, CITIC Tower 1 Tim Mei Avenue, Hong Kong.

  • Where are CITIC offices?

    CITIC has offices in Hong Kong and Beijing.

  • How many offices does CITIC have?

    CITIC has 2 offices.