CITIC Limited
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Native name
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中國中信股份有限公司 |
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| Traded as | |
| Industry | Conglomerate |
| Founded | 1990 |
| Headquarters | CITIC Tower, Hong Kong Island, Hong Kong, China |
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Area served
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China |
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Key people
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| Revenue |
 HK$416.8 billion (2015) |
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HK$89.5 billion (2015) |
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HK$41.8 billion (2015) |
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| Total assets |
HK$6,803.3 billion (2015) |
| Total equity |
HK479.1 billion (2015) |
| Owner |
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| Parent | CITIC Group |
| Website | citic.com |
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Footnotes / references in a consolidated basis (equity and profit excluding perpetual and minority interests) |
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CITIC Limited (Chinese: 中國中信股份有限公司) is a Hong Kong-based conglomerate holding company headquartered in the CITIC Tower, Admiralty, Hong Kong Island. It is 58% owned by the state-owned CITIC Group in Beijing and has shareholders around the world.
CITIC Limited previously known as CITIC Pacific is a diversified company with a primary focus on special steel manufacturing, property and iron ore mining, which supplies the raw material needed in the making of special steel and property development in mainland China. CITIC Pacific's operating segments include special steel, iron ore mining, property, civil infrastructure, power generation and other business areas. CITIC Pacific's subsidiaries include CITIC Pacific Mining, CITIC Pacific Special Steel, Dah Chong Hong Holdings Limited and CITIC Telecom International. DCH Holdings is a distributor of motor vehicles, food and consumer products. CITIC Telecom International owns and operates a telecoms hub that provides interoperability, interconnections and value-added services.
On March 3, 2011, CITIC Pacific announced its results for the full-year ended 31 December 2010. Profit attributable to shareholders was HK$8,915 million, the second highest in CITIC Pacific’s history. All operating business segments performed well, in particular special steel. The increase in profit was also driven by the gains from sales of assets, which totalled HK$3,008 million.
The Sino Iron project is being developed by CITIC Pacific Mining, a wholly owned subsidiary of CITIC Pacific. It is located at Cape Preston, 100 kilometres southwest of Karratha on the coast of Western Australia’s North Western region of the Pilbara. The Sino Iron project will mine magnetite iron ore that once processed, can be exported for use in the steelmaking process, where it is a desirable quality product for steel mills, including those of CITIC Pacific in China.
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