CITIC Limited (HKEX:0267) Annual Report 2021



The latest annual report of CITIC Limited (0267) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 0267 Annual Results

Amounts in HKD

Total Revenue
903.67B
Gross Profit
437.63B
EBIT
331.29B
Net Tangible Assets
711.41B
Net Income
70.22B
Capital Expenditures
-24.49B

0267 Income Statement 2021 Annual Report

As per the latest Income Statement of 0267, the Net revenue increased by $182.472B (25%) compared to the previous period. The operating income in 2021 increased by $62.92B (23%). The net income as per the annual report was 70.22B which increased by $13.594B (24%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue903.67B721.2B
Gross Profit437.63B359.77B
Operating Income331.29B268.37B
Income Before Tax121.14B97.72B
Net Income70.22B56.63B

Balance Sheet - 0267 2021 Annual Report

Read further: 0267 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of CITIC Limited showed the company increased the cash on balance sheet by $124.00M (2%). The Net tangible assets of 0267 on the balance sheet were at 711.41B which is $74.147B (12%) more than previous annual report. The total stockholder equity also increased by $77.131B (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash7.23B7.11B
Total Assets10.69T 9.74T
Long Term Debt663.05B694.07B
Total Liabilities9.52T 8.73T
Total Shareholder Equity751.41B674.28B
Net Tangible Assets711.41B637.27B

Cash Flow Statement - 0267 2021 Annual Report

The 2021 annual cash flow statement of CITIC Limited showed that the net income increased by $13.594B (24%) compared to previous reporting period. Also the capital expenditure of 0267 decreased by $-3.609B (-17%).

As of 2021, the total cash from investing activities was -267.45B and total cash from financing activities was 208.16B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income70.22B56.63B
Capital Expenditures-24.49B-20.89B
Dividends Paid-15.65B-11.2B
Total Cash From From Investing Activities-267.45B-256.17B
Total Cash From From Financing Activities208.16B36.02B

CITIC Limited Annual Report History

Income Statement

Income Statement history of CITIC Limited (HKEX:0267)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue903.67B721.2B730.9B690.47B
Cost Of Revenue466.04B361.44B370.63B337.95B
Gross Profit437.63B359.77B360.27B352.52B
Research Development----
Selling General Administrative13M138M609M609M
Non Recurring----
Other Operating Expenses103.31B88.51B103.28B102.69B
Total Operating Expenses572.38B452.83B475.96B444.71B
Operating Income331.29B268.37B254.93B245.75B
Total Other Income Expense Net-210.15B-170.65B-158.92B-151.78B
Ebit331.29B268.37B254.93B245.75B
Interest Expense-198.98B-175.81B-172.45B-164.88B
Income Before Tax121.14B97.72B96.02B93.97B
Income Tax Expense20.86B16.79B17.83B18.94B
Minority Interest414.18B334.37B302.96B252.12B
Net Income From Continuing Ops100.28B80.93B78.19B75.03B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income70.22B56.63B53.9B50.84B
Net Income Applicable To Common Shares70.22B56.63B53.9B50.24B

Balance Sheet Statement

Balance Sheet Statement history of CITIC Limited (HKEX:0267)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash7.23B7.11B7.14B7.16B
Short Term Investments356.95B433.07B446.56B414.8B
Net Receivables6T5.42T4.44T4.09T
Inventory113.4B80.37B54.73B58.09B
Other Current Assets573.92B569.92B593.8B643.62B
Total Current Assets7.81T7.14T6.03T5.68T
Long Term Investments2.45T2.21T1.91T1.64T
Property Plant Equipment215.81B205.75B186.57B189.65B
Good Will21.59B21.13B21.2B22.89B
Intangible Assets18.4B15.88B11.98B14.39B
Other Assets164.96B149.07B125.2B106.26B
Deferred Long Term Asset Charges82.62B74.16B58.73B50.01B
Total Assets10.69T9.74T8.29T7.66T
Accounts Payable98.89B86.36B73.24B75.08B
Short Long Term Debt1.08T815.5B765.39B575.66B
Other Current Liab4.23T4.06T3.28T2.95T
Long Term Debt663.05B694.07B610.3B791.03B
Other Liab3.22T2.91T2.5T2.27T
Minority Interest414.18B334.37B302.96B252.12B
Total Current Liabilities5.62T5.12T4.29T3.79T
Total Liab9.52T8.73T7.4T6.85T
Common Stock381.71B381.71B381.71B381.71B
Retained Earnings407B352.41B306.95B266.76B
Treasury Stock-37.3B-59.84B-97.14B-89.93B
Other Stockholder Equity-37.3B-59.84B-97.14B-89.93B
Total Stockholder Equity751.41B674.28B591.53B558.54B
Net Tangible Assets711.41B637.27B558.35B521.27B

Cash Flow Statement

Cash Flow Statement history of CITIC Limited (HKEX:0267)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income70.22B56.63B53.9B50.84B
Depreciation21.22B19.77B21.81B15.1B
Change To Netincome132.91B117.28B121.4B72.42B
Change To Account Receivables-4.75B1.03B-57.34B-16.02B
Change To Liabilities27.34B8.1B-15.97B11.69B
Change To Inventory-33.21B-25.61B7.33B-2.4B
Change To Operating Activities-234.15B31.68B4.58B-37.72B
Total Cash From Operating Activities-40.69B193.22B160.08B151.9B
Capital Expenditures-24.49B-20.89B-19.63B-16.42B
Investments-251.74B-250.97B-285.29B-164.63B
Other Cashflows From Investing Activities7.1B5.32B6.61B4.99B
Total Cashflows From Investing Activities-267.45B-256.17B-296.51B-177.69B
Dividends Paid-15.65B-11.2B-12.8B-12.31B
Net Borrowings226.41B95.34B96.49B141.44B
Other Cashflows From Financing Activities-2.61B-48.12B386M-42.32B
Total Cash From Financing Activities208.16B36.02B84.08B79.01B
Effect Of Exchange Rate4.91B16.59B-7.42B-21.78B
Change In Cash-95.09B-10.34B-59.77B31.45B