CITIC reports solid H1 2025 results with higher dividend


CITIC Ltd has published interim results for 2025, reporting revenue of 368.8 billion yuan ($51.69 billion), a net profit of 59.8 billion yuan, and profit attributable to ordinary shareholders of 31.2 billion yuan. The company board has recommended an interim dividend of 0.2 yuan per share, up 5.3 percent year-on-year, with a total dividend payout of 5.82 billion yuan.
In recent years, CITIC has focused on investor returns, steadily increasing its dividend payout ratio year by year. According to its shareholder-return plan, the dividend payout ratio shall no less than 27 percent in 2024, no less than 28 percent in 2025, and strive for no less than 30 percent in 2026. The dividend rate for 2024 reached 27.5 percent, exceeding the target. This year's interim dividend again beats expectations, demonstrating the company's commitment and confidence in stable development.
The company stated that it has implemented a market capitalization management mechanism oriented toward value creation and shareholder returns across its listed subsidiaries to enhance capital efficiency and operational quality, the market capitalizations of multiple subsidiaries increased in the first half of 2025, providing positive support for the parent company's valuation.
In H1, CITIC launched a finance for tech special initiative, integrating the "equity-loan-bond-insurance" full-chain capabilities, serving over 14,100 enterprises recognized in the first six batches of national-level specialized and sophisticated enterprises and the first eight batches of single-product champion in manufacturing, covering more than 92 percent of such companies.
In addition, the company continued to optimize its business structure and focused on key areas to achieve profit growth across the board: banking net profit growth continued improving, and obtained approval to establish an asset investment company (AIC); securities business revenue and profit both achieved substantial year-on-year growth, with domestic equity and bond underwriting market shares continuing to lead the industry; reforms and transformation in trust, insurance and other businesses accelerated, further expanding advantages in segmented areas.
CITIC focused on priority businesses such as integrated die-casting, specialized robots, and biological breeding. CITIC Dicastal's aluminum wheels and castings sales reached record highs and niobium product sales achieved double-digit growth, driving a surge in operating net profit.
Synergies between CITIC Pacific Special Steel and Nanjing Iron and Steel Co Ltd became evident, with higher gross profit per ton of steel. In agriculture, Longping High-Tech completed a share placement. In emerging industries, the company actively invested in digital technology, low-altitude economy, and artificial intelligence, and promoted the implementation of multiple key projects.
Overall risk indicators continued to improve, and via the "finance + industry" synergy mechanism, the company advanced risk resolution. In H1, the newly restructured and revitalized projects totalled 9.8 billion yuan.
CITIC stated that the company will continue to maintain strategic focus, deepen the dual-engine advantage of finance and industry, further expand its internationalization and industry-finance synergies and enhance profitability and risk-management capabilities.