CITIC Limited Half-Year Report 2020

Revenue by nature Half-year ended 30 June Increase/(Decrease) HK$ million 2020 2019 Amount % Net interest income 73,086 72,265 821 1.1% Net fee and commission income 30,716 30,125 591 2.0% Sales of goods and services 138,794 165,233 (26,439) (16%) – Sales of goods 117,981 144,391 (26,410) (18%) – Revenue from construction contracts 9,131 8,269 862 10% – Revenue from other services 11,682 12,573 (891) (7.1%) Other revenue 13,206 9,553 3,653 38% Net interest income 26% Sales of goods and services 60% Other revenue 3% Other revenue 5% Net interest income 29% Net fee and commission income 11% Sales of goods and services 54% Net fee and commission income 12% 2019 First half of 2020 First half of Note: Since 2019, CITIC Bank reclassified the installment cash income of credit cards from fee income to interest income. Financial indicators related to net interest income and net non-interest income were restated. Expected credit losses and other impairment losses In the first half of 2020, expected credit losses and other impairment losses of HK$54,343 million were recorded, an increase of 35% from the same period last year. CITIC Bank accounted for HK$52,702 million of these losses, including HK$42,242 million expected credited losses in its loans and advances to customers. Net finance charges Finance costs of the Group decreased HK$395 million, or 6.0% from the first half of 2019 to HK$6,149 million in the first half of 2020, mainly due to a lower average cost of debt during the period. In the first half of 2020, the finance income of the Group amounted to HK$1,037 million, mainly due to the decrease in interest income from bank deposits, a decrease of HK$318 million from the first half of 2019. 14 Half-Year Report 2020 CITIC Limited