CITIC Co., Ltd. (00267) and its listed companies jointly announced the 2026 interim results at the Shanghai Stock Exchange Roadshow Hall

The Zhitong Finance App learned that on September 4, CITIC Co., Ltd. (00267) and its listed companies such as China CITIC Bank, CITIC Securities, CITIC Special Steel, and CITIC Metal visited the Shanghai Stock Exchange Roadshow Hall for the first time and held a joint press conference on the 2026 interim results with the theme of “promoting the '335' development strategy and strengthening the comprehensive advantages of 'science, industry and financing'”.

Strengthen value transmission and actively explore new ways of market communication for large integrated enterprises

In recent years, supervisory authorities have continued to guide and encourage the management of listed companies to actively attend investor relations events such as roadshows and performance announcements. Performance conferences are being upgraded from mandatory actions for information disclosure to an important channel for value communication. In this context, CITIC Co., Ltd. entered the Shanghai Stock Exchange as a Hong Kong listed company to hold a performance conference and provide an online way for global investors to participate. It is not only an innovative form of market communication, but also an important practice of actively responding to market concerns and demands, and has actively explored the field of deepening domestic and foreign investor relations management.

As a large comprehensive multinational state-owned enterprise, CITIC Co., Ltd.'s business spans various fields of finance and industry, and has many domestic and foreign listed companies and leading companies in the industry. In the past, each company held separate performance conferences, and what the market saw was “each one is wonderful”; this time, the parent and subsidiary companies appeared on the same stage and spoke out together, highlighting the “overall value”, allowing investors to more deeply understand the comprehensive advantages of CITIC's “technology, industry, and finance” cycle.

The quality and efficiency of reform and development have both improved, with both gold content and “new” content

The motivation for the parent and subsidiary companies to make a joint appearance comes from a steady and progressive business report card:

Overall performance grew steadily. In the first half of 2026, CITIC achieved revenue of 408.8 billion yuan, an increase of 11% over the previous year; net profit attributable to common shareholders was 33.8 billion yuan, an increase of 8.1% over the previous year. The board of directors proposed the distribution of an interim dividend of 0.21 yuan/share, with a total dividend of 6.109 billion yuan, an increase of 5% over the previous year, further enhancing the stability and predictability of shareholder returns. The capital market performance was also impressive: the highest intraday share price of CITIC shares reached HK$13.9 in the first half of the year; Moody's rating outlook was raised from “stable” to “positive”; the MSCI (MSCI) ESG rating was upgraded from A to AA at the beginning of the year, and market recognition continued to increase.

The quantity and quality of the financial industry has risen sharply. Give full play to the leading role of financial holding platforms and continue to expand the advantages of comprehensive financial services. By the end of June 2026, the domestic equity financing and bond underwriting market share ranked first in the industry. The overall growth rate of asset management exceeded the industry average, continuing to build the largest direct financing institution and the largest comprehensive asset management agency in China. Chinese offshore bond underwriting and cross-border public funds all rank first among Chinese institutions. The scale of financial connectivity services such as Bond Connect and Hong Kong Stock Connect is in a leading position in the market, and the construction of an “international version” of CITIC Comprehensive Finance has achieved fruitful results. Various financial formats improved quality and efficiency, and China CITIC Bank's net interest spread trend stabilized, and operating performance continued to improve; all major business revenues of CITIC Securities achieved double-digit growth, and medium-term profits reached record highs. The industry has anchored the direction of intelligence, greening and integration, and transformation and upgrading have achieved new results.

CITIC Metals' net profit increased by more than 80% year on year; CITIC Heavy Industries successfully delivered the first domestic offshore rocket recycling device; CITIC Agriculture and CITIC Special Steel each broke through technical problems such as biological breeding and high-quality clean steel development and won the 2025 National Science and Technology Progress Award; CITIC Deca ranked first in the world in market share for core products such as aluminum wheels and aluminum steering joints. The international business also maintained a rapid development trend. In the first half of the year, overseas revenue reached 84.7 billion yuan, an increase of 29% over the previous year. Overseas revenue accounted for 20.7% of total revenue, an increase of 2.9 percentage points over the previous year.

Development momentum continues to accumulate. Facing the “15th Five-Year Plan” period, CITIC has formulated the “335” strategy for high-quality development, which is to strengthen and improve the three major industries of finance, industry, and investment, thoroughly implement the three major projects of “strong management, risk prevention, excellent collaboration, nurturing talents, and improving quality and efficiency”, and strive to create a new situation in the construction of a world-class high-tech enterprise group. Comprehensive finance has a strong foundation with “strong core” projects, focusing on continuously improving quality and efficiency in business areas such as direct financing, asset management, and cross-border finance. The industrial sector is clustered with the “Starlink” project. Traditional industries “revitalize stars”, “create stars” in emerging industries, and “explore stars” in future industries to create more “industry stars” and “industry stars”.

What attracted particular attention from the market was that for the first time, investment was promoted to the third-largest business along with finance and industry. The CITIC Equity Investment Alliance insists on investing early, small, long-term, and hard technology. The size of the funds under management has exceeded 350 billion yuan, and has invested in more than 1,300 incubated enterprises. The outline of the “second growth curve” is gradually showing. The “Rock” project of science and technology is the common foundation that supports the three major industries. The “Artificial Intelligence +” initiative is being promoted globally, and digital intelligence capabilities are being transformed into real productivity at an accelerated pace. At the same time, the company actively grasped the trend of management change in the AI era and fully launched the construction of a “management beacon”, not only to “do the right thing” with clear strategic guidance, but also to “do the right thing” through efficient management, and insist on seeking efficiency and value from management.

Forge consensus on value and reshape value perception to open up valuation space

The press conference adopted the multi-channel parallel format of “live communication+live video streaming+online text interaction”, inviting important institutional investors, securities analysts and mainstream financial media to participate. Management presented market concerns such as interim results, sector operations, shareholder returns, and market value management. During the interactive session, the management had in-depth exchanges with investors on hot issues such as the “335” strategy, asset quality and net interest spread trends, fixed growth of H shares, international layout and mergers and acquisitions integration, mining investment and commodity trade.

From drawing up development strategies to reshaping value perceptions, CITIC has paid more attention to integrating its own business logic with capital market valuation logic in recent years. For example, the company first released a three-year shareholder return plan in 2024, which strengthened long-term capital's shareholding confidence with clear and stable dividend arrangements, significantly enhanced stock price resilience, became a widely recognized “value anchor” in dealing with multiple rounds of market fluctuations, and became an important catalyst for the market to research and price CITIC shares from a new perspective.

From 2021 to 2025, against the backdrop of the Hang Seng Index, Hang Seng China Enterprise Index and Hang Seng Hong Kong Stock Connect Mainland Enterprises High Dividend Ratio Index falling by 5.88%, 16.99%, and 10.72%, respectively, the cumulative increase in CITIC's reinstated stock price was over 200%. Meanwhile, the attention, participation and pricing influence of domestic investors in the Hong Kong stock market increased markedly, and the company's valuation repair logic was confirmed by the market through Hong Kong Stock Connect's continuous increase in CITIC shares. However, from an objective point of view, the unique advantages and development potential of CITIC's “science, industry and finance” combination have not been fully reflected in the valuation, and the company's market value revaluation space and development prospects are worth looking forward to. On September 4, CITIC shares closed at HK$13.91 per share, with a market capitalization exceeding HK$400 billion, reaching a new high of nearly ten years. Since the beginning of the year, CITIC shares have accumulated a cumulative increase of 19.97%, which is better than the Hang Seng Index (0.08% increase over the same period).

Facing the future, CITIC Co., Ltd. stated that it will continue to take advantage of the “335” strategy as a guide to further deepen reforms, strengthen innovation, optimize structure, and release efficiency, not only tell the CITIC story well, but also listen carefully to the voices of the capital market, promote the integration of capital market rules with the company's business logic, and return market trust with better management quality and stable shareholder returns.