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CITIC Resources Holdings
(1205)
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Rating:55Neutral
Price Target:
HK$0.47
▼(-10.38% Downside)
Action:Reiterated
Date:06/27/26
The score is primarily constrained by weaker 2025 profitability and margin compression despite revenue growth, partially offset by moderate leverage and positive operating/free cash flow. Technical indicators are neutral-to-soft (negative MACD), and valuation is mixed: a strong dividend yield is balanced by a relatively high P/E given the earnings pressure.
Positive Factors
Positive cash generation
Consistent positive operating and free cash flow provides durable funding for capex, debt servicing, dividends and trading margin requirements. Over a 2–6 month horizon this supports operational flexibility and risk management amid commodity cyclicality, reducing the need for urgent external financing.
Negative Factors
Profitability and margin compression
Material margin compression to low-single-digit levels reduces the company's ability to absorb cost inflation or lower commodity prices, constraining retained earnings and reinvestment. Sustained depressed margins would impair ROE and limit strategic investments over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Consistent positive operating and free cash flow provides durable funding for capex, debt servicing, dividends and trading margin requirements. Over a 2–6 month horizon this supports operational flexibility and risk management amid commodity cyclicality, reducing the need for urgent external financing.
Read all positive factors
CITIC Resources Holdings (1205) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.05B
Dividend Yield5.05%
Average Volume (3M)3.95M
Price to Earnings (P/E)13.2
Beta (1Y)0.72
Revenue Growth-28.69%
EPS Growth-17.80%
CountryHK
Employees191
SectorBasic Materials
Sector Strength58
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.04
Shares Outstanding7,857,727,000
10 Day Avg. Volume3,167,950
30 Day Avg. Volume3,953,889
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.36
Price to Sales (P/S)0.21
P/FCF Ratio8.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CITIC Resources Holdings Business Overview & Revenue Model
Company Description
CITIC Resources Holdings Limited (CRHL) operates as an investment holding company primarily focused on the discovery, extraction, and development of oil and coal resources. The company's operations are structured across four main divisions: Alumin...
How the Company Makes Money
CITIC Resources makes money primarily through (1) sales of hydrocarbons from its upstream oil and gas interests and (2) commodity trading and distribution, with additional contributions from coal-related activities and results from joint ventures/...
CITIC Resources Holdings Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.65B | 14.96B | 9.50B | 3.83B | 5.87B | 4.35B |
| Gross Profit | 716.79M | 439.77M | 730.52M | 1.00B | 1.81B | 1.19B |
| EBITDA | 1.02B | 723.30M | 1.23B | 1.32B | 2.08B | 1.43B |
| Net Income | 304.53M | 170.65M | 572.58M | 551.80M | 1.34B | 1.10B |
Balance Sheet | ||||||
| Total Assets | 15.97B | 14.61B | 12.67B | 11.62B | 12.44B | 12.70B |
| Cash, Cash Equivalents and Short-Term Investments | 7.04B | 3.52B | 2.03B | 1.48B | 2.13B | 1.93B |
| Total Debt | 3.83B | 3.48B | 2.01B | 1.83B | 2.64B | 3.73B |
| Total Liabilities | 6.43B | 5.66B | 4.46B | 3.78B | 4.67B | 5.78B |
| Stockholders Equity | 9.37B | 8.79B | 8.08B | 7.76B | 7.75B | 6.94B |
Cash Flow | ||||||
| Free Cash Flow | 790.06M | 368.21M | 388.36M | 742.25M | 1.74B | 731.52M |
| Operating Cash Flow | 1.19B | 683.09M | 783.13M | 1.15B | 2.25B | 1.17B |
| Investing Cash Flow | -1.76B | -971.75M | -513.77M | 82.52M | -861.27M | -871.49M |
| Financing Cash Flow | -1.00B | 988.99M | -80.51M | -1.45B | -1.56B | -1.25B |
CITIC Resources Holdings Technical Analysis
Positive
0.52
Price Trends
0.49
Positive
0.51
Negative
0.49
Positive
Market Momentum
<0.01
Positive
52.46
Neutral
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1205, the sentiment is Positive. The current price of 0.52 is above the 20-day moving average (MA) of 0.51, above the 50-day MA of 0.49, and above the 200-day MA of 0.49, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.46 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1205.
CITIC Resources Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | HK$68.37B | 35.83 | 34.35% | 0.72% | 79.09% | 83.65% | |
66 Neutral | HK$459.68B | 14.62 | 31.60% | 2.52% | 25.06% | 72.98% | |
63 Neutral | HK$26.73B | 13.85 | 77.75% | 0.00% | 2781.50% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$4.05B | 13.18 | 3.35% | 5.05% | -28.69% | -17.80% | |
53 Neutral | HK$690.10M | 2.65 | 44.80% | ― | ― | ― | |
44 Neutral | HK$1.95B | -15.63 | -5.27% | 0.99% | ― | ― |
* Basic Materials Sector Average
HK:1205
CITIC Resources Holdings
0.51
0.12
30.77%
HK:3993
CMOC Group
17.34
4.48
34.89%
HK:0769
China Rare Earth Holdings
0.70
0.00
0.00%
HK:3939
Wanguo International Mining Group Ltd.
15.49
6.46
71.52%
HK:0433
North Mining Shares Co., Ltd.
0.05
-0.02
-25.00%
HK:3858
Jiaxin International Resources Investment Limited
57.05
28.25
98.09%
CITIC Resources Holdings Corporate Events
CITIC Resources Relocates Bermuda Registered Office While Keeping Hong Kong Registrar Unchanged
Jul 16, 2026
CITIC Resources Holdings has announced that, effective 3 August 2026, its registered office and principal share registrar and transfer office in Bermuda will relocate to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08. The company’s bra...
CITIC Resources Cleared in Qingdao Aluminium Fraud Dispute by China’s Top Court
Jul 16, 2026
CITIC Resources Holdings has secured a favorable outcome in a long-running legal dispute involving its subsidiary CA Commodity Trading Pty Ltd and letters of credit tied to aluminium stored at Qingdao Port in 2014. The Supreme People’s Court...
CITIC Resources Wins Shareholder Backing for Major Alcoa Stake Sale
Jul 15, 2026
Shareholders of CITIC Resources Holdings have unanimously approved a mandate for a very substantial disposal of its interests in Alcoa Corporation. The resolution covers up to 1,691,918 units of beneficial ownership and 551,306 Alcoa common shares...
CITIC Resources Flags Share Volatility as Major Stakeholder Exits 10% Holding
Jun 26, 2026
CITIC Resources Holdings has disclosed that its board noted recent unusual movements in its share price and trading volume, but, after reasonable inquiry, found no undisclosed inside information explaining the volatility. The company emphasized co...
CITIC Resources Halts Hong Kong Trading Pending Inside Information
Jun 26, 2026
CITIC Resources Holdings has requested a halt in trading of its shares on the Main Board of the Stock Exchange of Hong Kong, effective from 1:00 p.m. on 26 June 2026. The suspension comes as the company prepares to publish an announcement containi...
CITIC Resources Seeks Shareholder Mandate to Sell Part of Alcoa Stake
Jun 23, 2026
CITIC Resources Holdings has called a special general meeting in Hong Kong on 15 July 2026 for shareholders to vote on granting a mandate to sell certain holdings in Alcoa Corporation via the New York Stock Exchange. The proposal would allow its A...
CITIC Resources Sets July SGM for Possible Major Asset Disposal
Jun 22, 2026
CITIC Resources Holdings has scheduled a special general meeting (SGM) for 15 July 2026 in Hong Kong to seek shareholder approval for a possible very substantial disposal. The company has set 9 July 2026 as the record date for determining sharehol...
CITIC Resources Flags Profit Surge on Higher Crude Oil Prices
Jun 15, 2026
CITIC Resources Holdings has issued a positive profit alert, indicating it expects unaudited consolidated profit attributable to shareholders of about HK$238 million to HK$322 million for the six months ending 30 June 2026. This would represent a ...
CITIC Resources reshapes board committees as independent director retires
Jun 12, 2026
CITIC Resources Holdings announced board and committee changes following its 12 June 2026 annual general meeting in Hong Kong, highlighting a shift in its independent non-executive oversight. The company operates in the resources and energy-relate...
CITIC Resources Updates Board and Committee Structure
Jun 12, 2026
CITIC Resources Holdings has updated the market on the current composition of its board, which is led by chairman and chief executive officer Hao Weibao and includes executive, non-executive and independent non-executive directors. The disclosure ...
CITIC Resources Shareholders Approve Renewal of Intra-Group Financial Service Pacts
Jun 12, 2026
Independent shareholders of CITIC Resources Holdings have overwhelmingly approved the renewal of several Financial Services Agreements at a special general meeting held on 12 June 2026, covering deposit services provided by CITIC Bank Internationa...
CITIC Resources Calls Special Meeting to Approve New Group Financial Services Agreements
May 27, 2026
CITIC Resources Holdings has called a special general meeting in Hong Kong on 12 June 2026, immediately after its annual general meeting, to seek shareholder approval for a series of financial services agreements. These agreements cover deposit se...
CITIC Resources Sets June Special Meeting on Financial Services Agreements
May 22, 2026
CITIC Resources Holdings has scheduled a special general meeting for 12 June 2026 in Hong Kong to seek shareholder approval related to its financial services agreements. The company has set 8 June 2026 as the record date for determining shareholde...
CITIC Resources Seeks Mandate to Exit Remaining Alcoa Stake
May 6, 2026
CITIC Resources Holdings plans to seek shareholder approval for a mandate allowing its directors to dispose of its remaining stake in Alcoa, comprising up to 1,691,918 CHESS Depositary Interests and 551,306 Alcoa shares, equal to about 0.86% of Al...
CITIC Resources Renews Group Financial Services Deals as Major Connected Transactions
May 6, 2026
CITIC Resources Holdings has agreed new three-year financial services agreements with CITIC Bank International, CITIC Finance International, CNCB and CITIC Finance PRC, replacing existing arrangements and setting new annual caps for deposit servic...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.