CITIC Resources Holdings Limited (hereinafter described as the CITIC Resources or the Businessor the Group when its subsidiaries are consisted of; Stock Code: 1205. HK) has actually been steadfastly performing its double motorist advancement technique of “financial investment + trading” for the 6 months ended 30 June 2025 (the “Period”. In spite of the ongoing decrease in product rates and serious operating pressure in the energy market, the Group has actually continued to show strong functional durability. In the future, the Group will continue to deepen its double motorist advancement design, completely broaden its oil and gas trading organization, and concentrate on buying the aluminum item market chain to boost business worth throughout all measurements.
The Group actively reacted to the unfavorable effect of product rate variations and released a variety of matching steps. For the oil and gas company, different procedures were performed in a thorough way to increase reserves and production, grow earnings and decrease expense, thus checking out the capacity of existing financial investments, magnifying quality and performance enhancement, and improving business worth. For non-oil-and-gas organizations, the Group increased the frequency and depth of involvement in task management in line with the concept of “control is important for subsidiaries, working out of rights is important for getting involved interests”, and advised operators to minimize expenses and enhance performance while supplying functional suggestions.
Throughout the Period, owing to the constant growth of the scale of the oil and gas trading service, the Group accomplished income of around HK$ 9.38 billion, representing a significant year-on-year boost of roughly 137.9%. Affected by aspects such as the constant decline in petroleum and coal rates and the high cost of basic material alumina, the revenue attributable to common investors of the Company totaled up to around
HK$ 0.15 billion (1H2024: around HK$ 0.35 billion). Half of the Group’s sections and financial investments tape-recorded revenues for the Period, and the Group continued to preserve a strong monetary position with money and deposits of roughly HK$ 4.42 billion as at 30 June, 2025 (December 31, 2024: HK$ 2.03 billion). As at 30 June 2025, the Group’s overall properties totaled up to roughly HK$ 15.93 billion and net properties attributable to common investors of the Company were roughly HK$ 7.66 billion, with the financial obligation to possession ratio of roughly 51.0% and return on equity (annualised) of around 3.9%. The Group has healthy properties and strong liquidity.
Mr. Hao Weibao, Executive Director, Chairman and Chief Executive Officer of CITIC Resourcesstated, “Oil and gas will continue to inhabit an essential position in the energy mix. The continuous industrialisation and urbanisation in establishing nations and emerging economies will continue to support the need for aluminium, and the quick advancement of brand-new energy, electrical automobiles and high-end devices production will even more increase the development of aluminium usage. The Group will continue its technique of ‘looking for development in the middle of stability’ and unswervingly deepen its double motorist advancement technique of ‘financial investment + trading’. While combining the structure of top quality advancement of its existing service, the Group will progressively broaden its oil-and-gas trading footprint, concentrating on midstream and upstream mining financial investments with aluminium items as the core, in addition to the financial investments in premium oil and gas jobs. The Group will continually enhance its core competitiveness by adequately improving the functional performance of existing jobs, optimising the management of the Company’s shares worth and enhancing the threats management and control. The Group will continue to boost its business worth and develop sustainable and steady financial investment returns for its investors through sensible service techniques and ingenious advancement strategies.”
For information of the 2025 interim outcomes of CITIC Resources, please describe the Group’s interim outcomes statement on the Hong Kong Stock Exchange and the Group’s site.
About CITIC Resources Holdings Limited (Stock code: 1205. HK)
CITIC Resources Holdings Limited has actually been noted on the Hong Kong Stock Exchange given that 1997. Principal activities of CITIC Resources consist of the expedition, advancement and production of oil and coal, financial investments in bauxite mining, alumina refinery, aluminium smelting and oil and gas trading. CITIC Limited is the biggest investor with about 59.5% interest in CITIC Resources.
