CITIC (267) Q1 2025 earnings summary

Executive summary

• For the three months ended 31 March 2025, consolidated net profit reached RMB 28.77 billion, up from RMB 26.56 billion year-over-year.

• Net profit attributable to owners was RMB 15.84 billion, with non-controlling interests at RMB 12.93 billion.

• The unaudited results are prepared under PRC GAAP and have not been reviewed by auditors.

Financial highlights

• Operating income for Q1 2025 was RMB 95.00 billion, a 2% increase from RMB 93.12 billion in Q1 2024.

• Operating profit rose to RMB 33.69 billion from RMB 31.37 billion year-over-year.

• Total assets grew to RMB 11.99 trillion as of 31 March 2025, up from RMB 11.59 trillion at year-end 2024.

• Total equity attributable to owners stood at RMB 604.86 billion, with non-controlling interests at RMB 645.53 billion.

Segment performance

• Net profit for the parent company was negative RMB 683 million for Q1 2025, compared to negative RMB 626 million in Q1 2024.