Description
The Manufacturing Business of CITIC Group encompasses a diverse range of industries including heavy machinery, special steels, cement, power batteries, and auto parts. As of the end of 2008, this sector demonstrated impressive growth, with total assets rising to RMB48 billion, marking a significant 121.8% increase year-over-year. Operating income reached RMB13.5 billion, reflecting an 18.4% year-on-year growth, despite a slight decline in profit before tax to RMB900 million, which was down by 22.3%. CITIC Heavy Industries Co., Ltd. stands out with its proprietary intellectual property rights and a competitive edge in core technologies that encompass waste heat power generation, active lime production, large mine mills, hoists, roller presses, reducers, and vertical roller mills. The company has successfully penetrated both domestic and international markets, ensuring steady growth. Notably, it is installing the world’s largest 18,500t oil hydraulic press, underscoring its commitment to producing heavy machinery.
Specifications
| Attribute | Details |
|---|---|
| Total Assets | RMB48 billion |
| Operating Income (2008) | RMB13.5 billion |
| Profit Before Tax (2008) | RMB900 million |
| Growth in Total Assets | 121.8% YoY |
| Growth in Operating Income | 18.4% YoY |
| Key Technologies | Waste heat power generation, active lime, large mine mills, hoists, roller presses, reducers, vertical roller mills |
| New Installation | 18,500t oil hydraulic press |
