The latest announcement is out from CITIC ( (HK:0267) ).
In 2024, CITIC Limited reported a 10.6% increase in revenue to RMB752.87 billion and a 1.1% rise in profit attributable to ordinary shareholders, reaching RMB58.202 billion. The company’s market capitalization grew by 27.5%, outperforming key indices, reflecting strong market recognition and shareholder confidence. CITIC advanced its ‘Financial Core’ strategy, which contributed 80% of its profits, focusing on enhancing stability and robustness in its financial services. The ‘Industrial Starlink’ initiative was launched to bolster resilience by revitalizing traditional industries and fostering new growth, positioning CITIC to better navigate global economic uncertainties.
More about CITIC
CITIC Limited is a conglomerate based in Hong Kong, primarily focusing on financial services, including banking, securities, trust, insurance, and financial leasing. The company plays a significant role in serving China’s real economy and aims to support the country’s ambition to become a financial powerhouse.
YTD Price Performance: 19.37%
Average Trading Volume: 987
Technical Sentiment Signal: Strong Sell
Current Market Cap: $35.77B
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