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.
CITIC Pacific Special Steel is the largest dedicated manufacturer of special steel in China.
CITIC Dicastal is the world’s largest aluminium wheel manufacturer and exporter.
CITIC Heavy Industries is one of the largest manufacturers of heavy machinery in China.
In 2017, the business recorded revenue of HK$97.4 billion, representing a year-on-year increase of 56%. Profit attributable to ordinary shareholders was HK$3.3 billion, 91% up from last year.
CITIC Pacific Special Steel enhanced its overall profitability by optimising its product mix and maintaining a disciplined procurement strategy. In 2017, it achieved sales of 9.81 million tonnes and revenue of HK$62.38 billion, up 25% and 77% respectively compared with last year. In October 2017, CITIC Pacific Special Steel acquired a 100% interest in Qingdao Special Steel, which further strengthened CITIC Pacific Special Steel’s leading position in the industry, with a more diversified product mix and increased production capacity and market share. CITIC Dicastal continued increasing its market share and implementing its production capacity expansion plan. In 2017, CITIC Dicastal achieved double-digit growth in revenue and profit. CITIC Heavy Industries turned profitable in 2017 owing to the strong performance of its specialty robot business and the improved margins of its heavy machinery business, recording a net profit of RMB31.32 million.