Annual
Report
2020

The year 2020 was both extraordinary and challenging. The world struggled with new complexities as global norms were upended by the COVID-19 pandemic and resulting economic downturn. In China, however, effective pandemic management measures contributed to a swift recovery and the rapid resumption of domestic industrial, social and economic activities. As such, CITIC Limited realised profit attributable to ordinary shareholders of HK$56.6 billion in 2020 , an increase of 5% year-on-year that was driven by 45% growth in profit in the second half .