Manufacturing Business

The manufacturing businesses of CITIC Group, which include heavy machinery, special steels, cement, power batteries and auto parts, registered a good momentum of growth. As of the end of 2008, total assets of manufacturing businesses stood at RMB48 billion, an increase of 121.8% yoy, operating income in 2008 RMB13.5 billion, an increase of 18.4% yoy, and profit before tax RMB900 million, down by 22.3%. CITIC Heavy Industries Co., Ltd. holds proprietary intellectual property rights and has a competitive edge in core technologies and products related to waste heat power generation, active lime, large mine mills, hoists, roller presses, reducers and vertical roller mills. The company actively explored both domestic and overseas markets for these technologies and products and achieved steady growth. Guided by the principle of producing heavier machinery, it is installing an 18,500t oil hydraulic press, the largest of its kind in the world. Construction for retrofit projects involving

CITIC INTERNATIONAL CO., LTD.