CITIC Limited

0267
Failed

Company Overview

CITIC Shares (00267.HK) is one of the largest comprehensive enterprise groups in China and a constituent stock company of the Hang Seng Index. CITIC was founded in the early days of reform and opening-up, developed and expanded with the Chinese economy, and created many successful businesses, covering comprehensive financial services, advanced intelligent manufacturing, advanced materials, new consumption, and new urbanization. CITIC has always upheld the enterprise spirit of keeping pace with the times, reform and innovation. We are customer-centered, market-oriented, rationally allocating resources and capital, actively integrating the world's advanced technology, and fully adopting the best international standards of enterprise management, and strive to become an enduring enterprise. CITIC's unique platform, diversified business portfolio and scale of collaboration enable us to better grasp the opportunities brought by China and the world's economic development and create long-term value for shareholders.

Country
HK
Market Cap
$29.09B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
29.40% failed
5% Threshold
29.4%
Liabilities Compliance
239.52% failed
33% Threshold
239.5%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name CITIC Limited
Ticker 0267
Main Business Conglomerates
Type Common Stock
Industry Conglomerates
Country HK
Market Cap $29.09 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Integrated financial services $138,280.0 $138,280.0 financial
advanced material $130,600.0 $0.0 -
new consumption $24,870.0 $0.0 -
Advanced Intelligence $24,150.0 $0.0 -
new urbanization $16,080.0 $0.0 -
Operation management $14.0 $0.0 -
Interest income $1,364.0 $1,364.0 -
Total $335,358.0 $139,644.0 29.40% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
derivative financial liability $10,330,532,212.9 35.51%
borrowing from the central bank $38,267,507,002.8 131.55%
borrowing capital $21,077,030,812.3 72.45%
Total Interest-Bearing Debt $69,675,070,028.0 239.52%
Market Capitalization $29,090,000,000.0 100.00%
Compliance Status Threshold: 33% failed