CITIC Resources Holdings Limited
0.07
EUR
+0.00
(-1.45%)
CITIC Resources Holdings Limited
STU:CZR
(Stuttgart Stock Exchange)
Recent
price
0.07
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ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- CITIC Resources Holdings Limited, an investment holding company and subsidiary of CITIC Limited, engages in the exploration, development and production of oil and coal; aluminum smelting; and the import and export of commodities in Mainland China, Australia, Indonesia, Kazakhstan, Europe and other international markets. Incorporated in 1997 and headquartered at Suites 6701-02 & 08B, 67/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong, the company operates through four main segments. The Aluminum Smelting segment maintains a 22.5% participating interest in the Portland Aluminium joint venture, one of the world's largest and most efficient aluminum smelters which sources alumina and produces aluminum ingots; the Coal segment holds a 14% participating interest in the Coppabella and Moorvale coal mines joint venture, a major supplier of low volatile pulverized coal injection coal to the international seaborne market, alongside interests in coal exploration operations in Australia; the Crude Oil segment explores, develops and operates oilfields and sells crude oil in Indonesia and China, with 2024 operating output reaching approximately 17.6 million barrels and equity production of 9.5 million barrels; and the Import and Export of Commodities segment exports various commodity products and imports other commodities and manufactured goods, bolstered by oil and gas trading activities targeting an annual volume of 10 million barrels. In recent developments, the company reported revenue growth of 148.3% to approximately HK$9.5 billion in 2024, driven primarily by expanded oil and gas trading which emerged as a key profit center with crude oil trading revenue of HK$5.93 billion and aluminum ingot sales of approximately 63,000 tonnes; it executed a major strategic asset realignment on July 18, 2024, divesting its stake in Alumina Limited and acquiring approximately 3.03% equity in Alcoa Corporation to optimize its upstream aluminum industry exposure covering bauxite mining, alumina refining and aluminum production; and continues to deepen its dual-driver development strategy of investment and trading, focusing on midstream and upstream investments in the aluminum product industry chain, high-quality oil and gas projects, operational efficiency enhancements and cost reductions amid commodity price fluctuations.