CITIC Resources Holdings Limited (HK:1205)
:1205
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CITIC Resources Holdings
(1205)
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Rating:56Neutral
Price Target:
HK$0.55
▲(43.68% Upside)
Action:Reiterated
Date:05/07/26
The score is mainly constrained by the sharp deterioration in 2025 profitability and margin pressure despite revenue growth, with only moderate balance-sheet support. Technicals are neutral to slightly constructive versus longer-term averages, while valuation remains a headwind due to a high P/E that is only partly offset by a solid dividend yield.
Positive Factors
Revenue growth momentum
Sustained revenue rebound through 2024 into 2025 evidences recovering demand and effective commercial execution across upstream and trading. Durable top-line growth supports scale, spreads fixed costs, and provides a foundation for longer-term cash generation despite commodity cyclicality.
Negative Factors
Profitability deterioration
Material margin compression to low-single-digits and a drop in net income in 2025 indicate diminished conversion of revenue into profits. For an E&P and trading business, sustained weaker margins undermine reinvestment capacity, reduce returns on projects and raise sensitivity to future commodity swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth momentum
Sustained revenue rebound through 2024 into 2025 evidences recovering demand and effective commercial execution across upstream and trading. Durable top-line growth supports scale, spreads fixed costs, and provides a foundation for longer-term cash generation despite commodity cyclicality.
Read all positive factors
CITIC Resources Holdings (1205) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.56B
Dividend Yield6.84%
Average Volume (3M)2.03M
Price to Earnings (P/E)41.7
Beta (1Y)0.82
Revenue Growth57.56%
EPS Growth-70.23%
CountryHK
Employees193
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.02
Shares Outstanding7,857,727,000
10 Day Avg. Volume1,860,980
30 Day Avg. Volume2,029,798
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.36
Price to Sales (P/S)0.21
P/FCF Ratio8.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CITIC Resources Holdings Business Overview & Revenue Model
Company Description
CITIC Resources Holdings Limited, listed on the Hong Kong Stock Exchange under the stock code 1205, is a diversified investment holding company primarily engaged in the exploration, extraction, processing, and sale of resources such as oil, coal, ...
How the Company Makes Money
CITIC Resources makes money primarily through (1) sales of hydrocarbons from its upstream oil and gas interests and (2) commodity trading and distribution, with additional contributions from coal-related activities and results from joint ventures/...
CITIC Resources Holdings Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.96B | 9.50B | 3.83B | 5.87B | 4.35B |
| Gross Profit | 439.77M | 730.52M | 1.00B | 1.81B | 1.19B |
| EBITDA | 723.30M | 1.23B | 1.32B | 2.08B | 1.43B |
| Net Income | 170.65M | 572.58M | 551.80M | 1.34B | 1.10B |
Balance Sheet | |||||
| Total Assets | 14.61B | 12.67B | 11.62B | 12.44B | 12.70B |
| Cash, Cash Equivalents and Short-Term Investments | 3.52B | 2.03B | 1.48B | 2.13B | 1.93B |
| Total Debt | 3.48B | 2.01B | 1.83B | 2.64B | 3.73B |
| Total Liabilities | 5.66B | 4.46B | 3.78B | 4.67B | 5.78B |
| Stockholders Equity | 8.79B | 8.08B | 7.76B | 7.75B | 6.94B |
Cash Flow | |||||
| Free Cash Flow | 368.21M | 388.36M | 742.25M | 1.74B | 731.52M |
| Operating Cash Flow | 683.09M | 783.13M | 1.15B | 2.25B | 1.17B |
| Investing Cash Flow | -971.75M | -513.77M | 82.52M | -861.27M | -871.49M |
| Financing Cash Flow | 988.99M | -80.51M | -1.45B | -1.56B | -1.25B |
CITIC Resources Holdings Technical Analysis
Positive
0.38
Price Trends
0.54
Positive
0.50
Positive
0.45
Positive
Market Momentum
0.01
Negative
57.77
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1205, the sentiment is Positive. The current price of 0.38 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.54, and below the 200-day MA of 0.45, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.77 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1205.
CITIC Resources Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$438.97B | 9.80 | 29.93% | 1.45% | 8.77% | 60.69% | |
67 Neutral | HK$49.25B | 2.53 | 32.65% | 1.32% | 68.93% | 104.83% | |
66 Neutral | HK$130.85B | 9.10 | 5.16% | 2.80% | 0.98% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$17.50B | 2.01 | 23.30% | 1.89% | 37.79% | 61.16% | |
58 Neutral | HK$2.62B | -17.41 | -14.35% | ― | -51.79% | ― | |
56 Neutral | HK$4.56B | 41.67 | 4.72% | 6.84% | 57.56% | -70.23% |
* Basic Materials Sector Average
HK:1205
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CITIC Resources Holdings Corporate Events
CITIC Resources Seeks Mandate to Exit Remaining Alcoa Stake
May 6, 2026
CITIC Resources Holdings plans to seek shareholder approval for a mandate allowing its directors to dispose of its remaining stake in Alcoa, comprising up to 1,691,918 CHESS Depositary Interests and 551,306 Alcoa shares, equal to about 0.86% of Al...
CITIC Resources Renews Group Financial Services Deals as Major Connected Transactions
May 6, 2026
CITIC Resources Holdings has agreed new three-year financial services agreements with CITIC Bank International, CITIC Finance International, CNCB and CITIC Finance PRC, replacing existing arrangements and setting new annual caps for deposit servic...
CITIC Resources Sets 2026 AGM, Seeks Fresh 10% Share Buy-Back Mandate
Apr 29, 2026
CITIC Resources Holdings has called its annual general meeting for 12 June 2026 in Hong Kong, where shareholders will review the audited financial statements and the reports of the board and independent auditor for the year ended 31 December 2025....
CITIC Resources Profit Slumps 70% Despite Revenue Surge in Volatile Oil Market
Mar 13, 2026
CITIC Resources Holdings reported a sharp decline in profitability for the year ended 31 December 2025 despite robust top-line growth, as global oil market volatility and cost pressures weighed on margins. Revenue surged 57.6% year-on-year to HK$1...
CITIC Resources Raises US$118.7 Million from Partial Alcoa Stake Sale
Mar 5, 2026
CITIC Resources Holdings, through wholly owned subsidiary CRA, has further trimmed its investment in U.S.-listed aluminium producer Alcoa, selling 1.9 million Alcoa shares on the New York Stock Exchange for about US$118.66 million. The disposal re...
CITIC Resources Halts Trading Ahead of Discloseable Transaction Announcement
Mar 5, 2026
CITIC Resources Holdings has requested a halt in trading of its shares on the Main Board of the Hong Kong Stock Exchange, effective from 9:00 a.m. on 5 March 2026. The suspension precedes the release of an announcement that will contain inside inf...
CITIC Resources Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Feb 27, 2026
CITIC Resources Holdings has scheduled a board meeting for 13 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a decision that co...
CITIC Resources Drops Seram Block Appeal to Focus on Oil Output
Feb 26, 2026
CITIC Resources Holdings said its subsidiary Seram Energy will not appeal a judgment by Indonesia’s Supreme Administrative Court in a legal case against regulator SKK Migas over the Seram Block. The company indicated that, despite believing ...
CITIC Resources Faces Jurisdiction Setback in Seram Block Legal Dispute
Feb 16, 2026
CITIC Resources Holdings has reported a setback in its Indonesian legal action related to the Seram Block, an oil and gas asset operated via its indirect wholly owned subsidiary Seram Energy Limited. The State Administrative Court in Indonesia has...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.