Other Businesses
Information Services
CITIC Limited provides services in two areas — telecommunications, operated by CITIC Telecom International and the leasing and sale of satellite transponders, operated by AsiaSat.
CITIC Telecom International owns and operates a telecommunications hub in mainland China and Hong Kong. It is actively expanding its business internationally by providing interoperability and interconnection services to global telecommunication operators. CITIC Telecom’s main businesses cover voice, SMS, mobile VAS and data services. A range of information and communication technology (ICT) solutions are also available through its wholly-owned subsidiary, CITIC Telecom International CPC.
CITIC Telecom holds a 99% interest in Companhia de Telecomunicações de Macau, S.A.R.L. (“CTM”), the only full telecom services provider in Macau.
AsiaSat’s business involves the leasing and sale of satellite transponders, broadcasting, communications and data uploading and downloading services.
General Trading
CITIC Limited is in the trading, distribution and logistics business through Dah Chong Hong.
Dah Chong Hong is involved in the sales of motor vehicles and associated services, food and consumer products, as well as providing logistics services. The company has well-established networks in Hong Kong, Macau and mainland China, as well as operations in Taiwan, Japan and Singapore.
General Aviation
CITIC Offshore Helicopter’s (COHC) businesses include offshore oil helicopter operation services, general aviation services such as CCTV aerial photography, maritime patrol, maritime surveillance, maritime search and rescue, polar survey operations, HPS, forest fire prevention and powerline operations, as well as general aviation maintenance services. The company’s main operation is based in Shenzhen, with branches in the South China Sea, East China Sea, Bohai Sea, Yangtze River Delta and Pearl River Delta. COHC also operates Airbus Helicopters, the only authorised helicopter repair centre in China.
Publishing
CITIC Press has all required licenses issued by the State Administration of Press, Publication, Radio, Film and Television for its publication, distribution and retail operations.
At the end of 2014, CITIC Press had 81 bookstores in 10 airports in China and 6 city bookstores. CITIC Press is also developing online sales channels, such as those in cooperation with China Mobile, China Telecom and China Unicom. Sales from online bookstores produced approximately half of the company’s revenue in 2014.
General Aviation
CITIC Offshore Helicopter’s (COHC) main businesses include offshore oil helicopter operation services, general aviation services such as CCTV, aerial photography, maritime patrol, polar survey operations, HPS, forest fire prevention and powerline operations, as well as general aviation maintenance services. The company’s main operation is based in Shenzhen, with branches in the South China Sea, East China Sea, Bohai Sea, Yangtze River Delta and Pearl River Delta. COHC also operates Airbus Helicopters, the only authorised helicopter repair centre in China.
Tourism
CITIC Tourism is engaged in mainland China inbound and outbound tourism, domestic tourism, mainland citizens’ travel to Taiwan, visa services and other travel agency services, hotel business, investment and development of tourism resources.
Football Club
Guoan Football Club is a regular top performer in China’s professional soccer league. From 2009 to 2014, it ranked first in China in terms of total attendance at league games, with an average attendance of about 40,000 people per game.
New Investments
Environmental services
CITIC Limited, through its subsidiary CITIC Environmental Protection, formed a consortium with private equity firm KKR in November 2014 to acquire an interest in Singapore-listed United Envirotech Ltd. (UEL).
Pending government approval, and after the acquisition is completed, CITIC Limited will become a controlling shareholder of UEL.
UEL is a leading membrane-based water supply, wastewater treatment and reclamation solution provider with extensive experience in the domestic China chemical, petrochemical and industrial park sectors.
Agriculture
CITIC Limited, through its subsidiaries, signed an agreement to become the controlling shareholder in Longping High-Tech, a company listed on the Shenzhen Stock Exchange, in 2014. This transaction has been approved by Longping’s shareholders and is now awaiting government approval.
Longping is a leading Chinese seed company with high quality product lines, a strong scientific base and brand recognition supported by established marketing networks.