CITIC (267) investor relations material

Executive summary

• Operating revenue for the first half of 2026 reached RMB408.8 billion, up 10.7% year-over-year, with net profit at RMB70.8 billion, up 18.3% year-over-year, and profit attributable to ordinary shareholders at RMB33.8 billion, up 8.1% year-over-year.

• Total consolidated assets reached RMB13.65 trillion, up 4.9% from the start of the year, and ordinary shareholders' funds increased 2.4% to RMB800.7 billion.

• Interim dividend of RMB0.21 per share was proposed, up 5% year-over-year, totaling RMB6,109 million.

• Moody’s upgraded rating outlook to “positive” and MSCI ESG rating improved to AA.

Financial highlights

• Revenue for H1 2026: RMB408,766 million, up 10.7% year-over-year; net profit: RMB70,845 million, up 18.3% year-over-year; EPS: RMB1.16, up 8.1% year-over-year.

• Net interest income rose 5.3% year-over-year; net fee and commission income up 22.3% year-over-year; sales of goods and services up 8.4% year-over-year.

• Cost-to-income ratio decreased by 2.4 percentage points year-over-year; external interest expenses fell 16% year-over-year.

• Total assets: RMB13,653,110 million, up 4.9% from end-2025; total liabilities: RMB12,080,929 million, up 4.8% from end-2025.

• Ordinary shareholders’ funds: RMB800,738 million, up 2.4% from end-2025.

Outlook and guidance

• Management expects continued complexity and volatility in the external environment but remains confident in the resilience and potential of the Chinese economy.

• Focus on serving national strategies, strengthening investment, and driving management excellence.

• Emphasis on risk management, digital transformation, and sustainable development.