CITIC Limited Half-Year Report 2019

12 Half-Year Report 2019 CITIC Limited The resources and energy business reported revenue of HK$47,858 million, representing an increase of HK$12,864 million, or 37%, from the same period last year. Revenue for the commodity trading business and the Sino Iron Project increased by 57% and 18%, respectively, as compared with the same period last year, due to higher prices of commodities such as iron ore and niobium and sales promotion. The crude oil business recorded a decrease in revenue of 22% from the same period last year, due to the drop in both sales volume and the price of crude oil. The manufacturing business reported revenue of HK$59,607 million, representing a decrease of HK$1,518 million, or 2.5%, from the same period last year. Excluding the effect of the currency translation mentioned above, there would have been an increase of 3.4%. The special steel business reported an increase in revenue of 10% from the same period last year, due to greater production of steel used for energy, while the aluminium wheels and castings business reported a decrease in revenue due to the sluggish global automobile market. The engineering contracting business reported revenue of HK$7,907 million, representing an increase of HK$3,892 million, or 97%, over the same period last year. This was mainly due to the significant increase in total contracting revenue from domestic EPC projects and the survey and design business. The real estate business reported revenue of HK$1,892 million, representing a decrease of HK$3,378 million, or 64%, from the same period last year, mainly due to the decrease in delivery of residential units in the Kadooria project in Hong Kong and the delayed settlement of CITIC Coast New Town project in Shantou. Revenue from other businesses amounted to HK$47,969 million, representing a year-on-year decrease of HK$1,853 million, or 3.7%. This was mainly due to the year-on-year decrease in CITIC Environment’s revenue of 48% resulting from the drop in the settlement of EPC projects and sales of bio-membrane system. CITIC Telecom International recorded a year-on-year decrease in revenue of 11% as a result of declining sales in mobile handsets, while the McDonald’s and publication businesses maintained their growth momentum. Half-year ended 30 June Increase/(Decrease) HK$ million 2019 2018 Amount % Financial services 111,903 103,068 8,835 8.6% Resources and energy 47,858 34,994 12,864 37% Manufacturing 59,607 61,125 (1,518) (2.5%) Engineering contracting 7,907 4,015 3,892 97% Real estate 1,892 5,270 (3,378) (64%) Others 47,969 49,822 (1,853) (3.7%) Others 19% Real Estate 2% Financial Services 40% Resources & Energy 13% Manufacturing 24% Engineering contracting 2% Others 17% Real Estate 1% Financial Services 40% Resources & Energy 17% Manufacturing 22% Engineering contracting 3% 2019 First half of 2018 First half of