CITIC Group's Finance Head Highlights Strong First-Half Performance With Revenue Growth, Structural Gains, and Enhanced Shareholder Returns

Deep News
Yesterday

At the joint mid-year results conference held on September 4, CITIC Group's Deputy General Manager of the Financial Management Department, Yang Quanying, offered a positive outlook on the company's performance for the first half of the fiscal year. He stated that CITIC Limited has delivered a robust set of results, characterized by growth in both revenue and profit, meaningful progress in structural optimization, and a further uplift in shareholder returns.

Within the integrated financial services segment, the first half of 2026 saw the financial division achieve revenue of RMB 160.6 billion, marking a year-on-year increase of 14.5%. Net profit attributable to shareholders reached RMB 31.7 billion, up 11.8% from the same period last year. The company’s competitive edge in this sector continued to solidify, with direct financing, asset management, and cross-border financial services retaining their market-leading positions. Domestic equity financing and bond underwriting volumes both ranked first in the market, while total assets under management reached RMB 11.69 trillion, growing at a pace exceeding the industry average. Additionally, the company secured a prominent spot in Hong Kong IPO transaction volumes and held the leading market share for offshore RMB bond transactions.

On the operational cost front, the company’s cost-to-income ratio stood at 31.6% in the first half, a decline of 2.4 percentage points from last year, reflecting a sustained downward trend. Subsidiaries such as China CITIC Bank, CITIC Securities, and CITIC Metal all achieved effective reductions in their cost-to-income ratios. Moreover, the company strengthened the link between employee compensation and operational efficiency, with labor cost profit margin climbing to 197%—a 19 percentage point improvement year-on-year—thereby fostering a positive cycle of performance-driven incentives.

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