CITIC Resources warns of significant profit drop

CITIC Resources Holdings Limited (HKEX:1205) issued a profit warning, anticipating a substantial decrease in its unaudited consolidated profit attributable to Shareholders for the six months ending June 30, 2025. The expected profit will range from approximately HK$119 million to HK$184 million, a decrease of between 48% and 66% compared to the HK$265 million reported for the same period last year. The decline is primarily attributed to a significant decrease in average selling prices of commodities, including crude oil and coal, and reduced profit share from its associate following the disposal of its equity interest in Alumina Limited in July 2024. The company advises shareholders and potential investors to exercise caution and to review the interim results announcement, expected to be released on or before August 31, 2025.