New Consumption
Driven by the principle of putting customers first, our new consumption segment aims to embrace opportunities created by an increase in domestic digital and lifestyle consumption, driving new trends in the consumer market.
CITIC Telecom International
is a leading international integrated telecommunications and information and communications technologies service provider in Asia.
CITIC Press
is a major provider of integrated content and cultural services in China.
Dah Chong Hong
is an Asian motor and consumer products distributor.
CITIC Agrlculture
focuses on the latest developments in agricultural science and technology.
The new consumption segment achieved revenue of RMB51.422 billion, a decline of 3.0% due to insufficient domestic consumer demand. However, it achieved a profit attributable to ordinary shareholders of RMB1.032 billion, an increase of 94%. CITIC Press recorded net profit attributable to shareholders of the listed company of RMB120 million, down by 7.7%. Its market share by sales in book publishing increased by 0.22 percentage points to 3.25%, maintaining its position as the top domestic publishing institution. CITIC Telecom International grew profit attributable to ordinary shareholders by 3.4% to HK$1.2 billion. Its subsidiary Companhia de Telecomunicações de Macau, S.A.R.L. was fully committed to the constructions for Digital Macau, achieving a 75% market share in the 5G sector. Dah Chong Hong’s net profit dropped by 74% to RMB140 million as a result of the narrowing gross profit margin of conventional vehicles and weaker consumer demand for food products in Hong Kong. CITIC Agriculture made significant efforts to drive the integration of Longping High-Tech and Longping Agriscience, significantly enhancing its industry status and international influence. Longping High-Tech achieved double-digit growth in operating revenue and made a turnaround profit.