CITIC Ltd operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares CITIC Ltd with three other
banks in Asia:
Bank Of Communications Co Ltd
sales of 459.54 billion Chinese Renmimbi [US$71.08 billion]
of which 23%
was Corporate Banking Business),
POSTAL SAVINGS BANK of CHINA Co Ltd
(440.02 billion Chinese Renmimbi [US$68.06 billion]
of which 35%
was Treasury), and
China Merchants Bank Co Ltd
based in CHINA
(395.78 billion Chinese Renmimbi [US$61.22 billion]
of which 37%
was Retail Finance Business).
CITIC Ltd reported sales of HK$739.62 billion (US$95.36 billion)
December of 2019.
increase of 6.1%
versus 2018, when the company's sales were HK$697.32 billion.
This was the third consecutive year of growth at CITIC Ltd.
Sales of Resources and Energy saw an increase
that was more than double the company's growth rate: sales were up
20.6% in 2019, from
HK$78.72 billion to HK$94.95 billion.
CITIC Ltd also saw significant increases in sales in
Financial Services (up 9.5% to HK$222.32 billion)
Engineering Contracting (up 18.6% to HK$23.37 billion)
Not all segments of CITIC Ltd experienced an increase in sales in 2019:
sales of Operation Management fell 54.0% to HK$40.00 million.
(However, this segment's sales were only a very small portion of the company's overall sales).
CITIC Ltd also experienced decreases in sales in
Manufacturing (down 2.1% to HK$119.33 billion)
Real Estate and Infrastructure (down 33.7% to HK$5.94 billion)
Others (down 0.4% to HK$100.55 billion)