CITIC (00267) has unveiled its interim results for the six months ended June 30, 2026, posting a revenue of RMB 408.77 billion, up 10.7% year-on-year. Profit attributable to ordinary shareholders reached RMB 33.76 billion, a gain of 8.1% from the prior corresponding period. Basic earnings per share stood at RMB 1.16, and the board has declared an interim dividend of RMB 0.21 per share.
According to the company's announcement, total consolidated assets as of the end of June amounted to RMB 13.65 trillion, marking a 4.9% increase from the beginning of the year. Revenue for the first half climbed 10.7% to RMB 408.77 billion, net profit rose 18.3% to RMB 70.85 billion, and profit attributable to ordinary shareholders increased by 8.1% to RMB 33.76 billion. These metrics all outpaced the GDP growth rate for the same period, allowing the company to successfully meet its "half-year progress" targets.
Despite a generally subdued Hong Kong stock market during the first half, CITIC shares touched an intraday high of HK$13.9, marking a decade-high. Moody's revised its outlook on the company from "stable" to "positive," while MSCI upgraded its ESG rating from A at the start of the year to AA, reflecting growing recognition in the capital markets.
For the first six months of 2026, the group's total revenue reached RMB 408.77 billion, an increase of RMB 39.51 billion, or 10.7%, year-on-year. Net fee and commission income grew by RMB 7.24 billion, up 22.3%, primarily due to expansion in brokerage, asset management, and investment banking operations at CITIC Securities. Net interest income rose 5.3%, supported by a stabilising net interest margin and steady growth in interest-earning assets at CITIC Bank. Sales revenue increased 8.4%, mainly driven by higher prices for commodities such as copper and niobium, along with increased sales volumes. Other income expanded by RMB 9.24 billion, up 25.5%, reflecting higher gains from securities investment activities at CITIC Securities.
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