CITIC (267) Q3 2024 earnings summary

Executive summary

• For the nine months ended 30 September 2024, operating income reached RMB 279.99 billion, up from RMB 268.99 billion year-over-year.

• Net profit attributable to owners was RMB 38.29 billion, compared to RMB 39.32 billion in the prior year period.

• Total assets increased to RMB 11.33 trillion as of 30 September 2024, up from RMB 10.84 trillion at year-end 2023.

Financial highlights

• Operating profit for the period was RMB 89.25 billion, slightly up from RMB 88.33 billion year-over-year.

• Net profit for the period was RMB 73.78 billion, down from RMB 75.49 billion year-over-year.

• Total equity attributable to owners rose to RMB 601.96 billion from RMB 558.24 billion at year-end 2023.

• Cash and deposits stood at RMB 791.62 billion as of 30 September 2024.

Segment performance

• Net profit attributable to non-controlling interests was RMB 35.49 billion, compared to RMB 36.16 billion in the prior year period.

• Company-level net profit for the period was RMB 10.75 billion, down from RMB 13.09 billion year-over-year.