CITIC Ltd - Company Profile
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CITIC Ltd (CITIC), a subsidiary of CITIC Group Corp. It is a Chinese conglomerate engaged in a diverse range of activities, including comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization. The company's primary offerings encompass banking, securities, trust, insurance, asset management, heavy machinery, specialized robotics, aluminum products, resource exploration, and special steel manufacturing. CITIC serves a wide array of customers, including individual, commercial, SME, and institutional clients, across industries such as finance, manufacturing, energy, and urban development. The company operates through branch offices and online portals, facilitating its services and products to a broad customer base. CITIC has an operational presence in China, Hong Kong, Macau, Taiwan, the British Virgin Islands, Cayman Islands, Bermuda, Australia, and Kazakhstan. CITIC is headquartered in Beijing, China.
Headquarters
China
Address
Citic Mansion, No. 10 Guanghua Road, Chaoyang District, Beijing, 100020
Website
www.citic.com
Telephone
86 10 59668959
No of Employees
193,011
Industry
Conglomerate
Ticker Symbol & Exchange
267 (HKG)
Revenue (2024)
$136.7B
-1.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
0.9%
(2024 vs 2023)
Market Cap*
$45.1B
Net Profit Margin (2024)
XYZ
2.2%
(2024 vs 2023)
* As of and is in US$
CITIC Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Corporate banking | Financial |
| Personal banking | Trust Services |
| Investment banking | Securities |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In May, the company and MAG Group signed a memorandum of understanding for the development of the Keturah Ardh project. |
| 2024 | Contracts/Agreements | In November, the company signed an agreement to sell a 4.88% stake to China Huarong Asset Management. |
| 2024 | Plans/Strategy | In October, the company announced its plans to sell its 19.23% stake in the company that operates fast-food chain McDonald's across China and Hong Kong for US$430.3 million. |
Competitor Comparison
| Key Parameters | CITIC Ltd | Industrial and Commercial Bank of China Ltd | Agricultural Bank of China Ltd | China Construction Bank Corp | Bank of China Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Beijing | Beijing | Beijing | Beijing | Beijing |
| State/Province | Beijing | Beijing | Beijing | Beijing | Beijing |
| No. of Employees | 193,011 | 409,758 | 457,835 | 378,344 | 313,746 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Xi Guohua | Chairman | Executive Board | 2024 | 62 |
| Zhang Wenwu | Vice Chairman; President | Executive Board | 2024 | 53 |
| Liu Zhengjun | Director; Vice President | Executive Board | 2023 | 60 |
| Yu Yang | Director | Non Executive Board | 2020 | 61 |
| Wang Guoquan | Director; Vice President | Executive Board | 2023 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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