Manufacturing
Our manufacturing business includes the manufacture of special steel, heavy equipment and aluminium wheels and castings, all of which enjoy leading market positions in their respective segments in China.
In 2015, revenue from the manufacturing business amounted to HK$60.1 billion, representing a year-on-year decrease of 16%, while net profit attributable to ordinary shareholders dropped to HK$2.5 billion, a decrease of 15% from 2014.
While slowing growth across emerging markets led to a downturn throughout the global manufacturing sector, lower prices for raw materials and cost discipline allowed CITIC Pacific Special Steel, CITIC Heavy Industries and CITIC Dicastal to remain profitable. During the year, CITIC Pacific Special Steel was the most profitable among all steel producers in China, and CITIC Dicastal maintained its market leadership.