Advanced Materials

In 2025, the advanced materials segment recorded revenue of RMB335,464 million and profit attributable to ordinary shareholders of RMB10,549 million, representing year-on-year increases of 3.0% and 2.3% respectively. Despite challenges such as insufficient market demand and intensified industry competition, the special steel business achieved a full-year steel sales volume of 30.21 million tonnes, up 2.5% year on year. It generated revenue of RMB166.750 billion and net profit attributable to shareholders of the parent company of RMB5,412 million, reflecting a year-on-year decrease of 2.9% and an increase of 19.4% respectively. Both steel enterprises saw significant improvements in gross profit per tonne and net profit attributable to shareholders of the parent company, with synergistic effects becoming increasingly evident. Specifically, net profit attributable to shareholders of the parent company of CITIC Pacific Special Steel rose by 15.7% year on year to RMB5,929 million, while that of Nanjing Steel reached RMB2,867 million, a year-on-year increase of 26.8%. CITIC Metal’s sales volumes of copper and niobium achieved double-digit growth year on year. It achieved revenue of RMB141.819 billion and net profit attributable to shareholders of the parent company of RMB2,689 million, representing year-on-year growth of 9.6% and 20.2%, respectively. The Las Bambas copper mine in Peru maintained stable operations, with shared earnings increasing by more than 100%. CITIC Pacific Energy actively promoted the commissioning of new energy power generation projects and participated in green electricity trading. Its green power generation increased by 94.0% year on year. Coupled with favourable factors such as declining coal costs in the traditional thermal power business, it achieved a record-high net profit attributable to shareholders of the parent company of RMB1,404 million, up 22.2% year on year.