CITIC (267) H1 2026 earnings summary

Executive summary

• H1 2026 revenue reached RMB408,766m (+10.7% YoY), net profit RMB70,845m (+18.3%), and profit attributable to ordinary shareholders RMB33,764m (+8.1%).

• Consolidated assets rose 4.9% from year-end 2025 to RMB13.65tn; ordinary shareholders’ funds increased 2.4% to RMB800.7bn.

• Interim dividend of RMB0.21 per share, up 5% YoY, totaling RMB6,109m.

• Moody’s upgraded its rating outlook to “positive”; MSCI ESG rating rose from A to AA.

Financial highlights

• Net fee and commission income rose 22.3% YoY; net interest income increased 5.3% and sales of goods and services rose 8.4%.

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

• Basic and diluted EPS were RMB1.16, up 8.1% and 8.6% YoY, respectively.

• Total liabilities reached RMB12.08tn, up 4.8% from year-end 2025.

Outlook and guidance

• Priorities include serving national strategies, strengthening investment as a growth driver, management excellence, and risk management.

• Focus includes digital transformation, sustainable development, and leveraging integrated technology, industry and finance capabilities.

• H2 priorities include executing the three-three-five strategy, improving valuation and innovation capabilities, and pursuing higher shareholder returns.

• Investment focus includes new energy, new materials, robotics and life sciences; management may exit sectors with poor prospects.