Summary by Moomoo AI
CITIC CAPITAL HOLDINGS LIMITED (THE “COMPANY”) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. The Company and its subsidiaries (the “Group”) generated revenues of HK$71,886,000, a significant decrease from HK$323,579,000 last year. The main source of income is interest income, where interest income from debt operations decreased to HK$62,530,000 from HK$123,523,000 last year. Despite the significant drop in revenue, the Group translated into profit from a loss of HK$189,249,000 last year and recorded a profit of HK$26,788,000 to its owners and a basic profit of HK$0.13 per share. This change was mainly due to the recovery of HK$10,263,000 from the provision for impairment losses on loans receivable and HK$209,397,000 last year. The Group's investment securities business recorded a loss of HK$26,543,000 and the brokerage business recorded a profit of HK$9,640,000. In the face of a slower than expected economic recovery and market uncertainty, the Group said it will continue to manage the business prudently and seek new business and investment opportunities.