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- CITIC Resources' 2026 Interim Net Profit Up 88.3%Companies: CITIC LimitedCITIC Resources Holdings Limited (“CITIC Resources” or the “Company”, together with its subsidiaries, the “Group”; Stock Code: 1205.HK) has announced its unaudited interim results for the six months ended 30 June 2026 (the “Period”). During the Period, the Group capitalised on the opportunities presented by the upward cycle of commodity prices, proactively adjusted its operating strategy, and adopted a proactive approach focused on increasing reserves and production while capturing sales opportunities. As a result, profit attributable to ordinary shareholders of the Company increased by approximately 88.3% year-on-year to approximately HK$0.29 billion. For the oil and gas business, on the basis of its annual production stabilisation and growth targets, the Group optimised its production mix by prioritising the release of production capacity from high-margin blocks to fully benefit from the price upside. The JSC Karazhanbasmunai (“KBM”) oilfield advanced the development of its coastal area while managing the production decline of existing wells, achieving production capacity replacement. Newly drilled wells in the Hainan-Yuedong Block oilfield achieved the highest daily oil production of any new wells in the field in nearly six years. The Seram Block oilfield validated and implemented perforation and water shutoff programmes to tap the remaining oil potential. For the non-oil-and-gas business, under the principle of “control is essential for subsidiaries, exercising of rights is essential for participating interests”, the Group further strengthened its shareholder engagement, deepened its involvement in project management and operational decision-making, actively captured the pricing windows for aluminium, coal and other products, and optimised sales phasing and inventory management to enhance overall value creation. Meanwhile, the Group capitalised on the high share price of Alcoa to optimise its asset structure by reducing its Alcoa shareholding in the first quarter of 2026, realising proceeds of approximately US$366 million. The Group also established a Singapore trading company to fully leverage the geographical advantages of the Singapore platform, continuously expanding trading channels and customer networks, and transferring its oil and gas trading operations to the new entity in an orderly manner. The Group will continue to explore supply chain deployment and diversify trading models, with a view to steadily increasing the revenue scale of its oil and gas trading business. During the Period, the Group recorded revenue of approximately HK$5.07 billion (1H2025: approximately HK$9.38 billion), representing a year-on-year decrease of approximately 46.0%. The decrease was primarily attributable to the sharp reduction in oil and gas trading resources available in the market due to the situation in the Middle East, which significantly heightened transaction uncertainties and prompted the Group to proactively de-risk by reducing its oil and gas trading volume by approximately 60.5% year-on-year. Nevertheless, most of the Group’s segments and investments recorded profits during the Period, and the Group continued to maintain a strong financial position. Benefiting from the cash received from the disposal of a significant portion of its Alcoa shares, the Group’s cash and deposits increased significantly to approximately HK$7.04 billion as at 30 June 2026 (31 December 2025: approximately HK$3.52 billion). As at 30 June 2026, the Group’s total assets amounted to approximately HK$15.97 billion, while net assets attributable to ordinary shareholders of the Company amounted to approximately HK$9.37 billion; the debt-to-asset ratio was approximately 40.3%, and the annualised return on equity was approximately 6.6%. The Group maintained a healthy asset position, ample liquidity and a solid operating foundation, enabling it to effectively navigate market volatility and build up financial reserves in support of its “Investment + Trade” dual-driver development strategy. Mr. Hao Weibao, Executive Director, Chairman and Chief Executive Officer of CITIC Resources, said: “Looking ahead, facing an external environment where opportunities and challenges coexist, we will remain unwavering in deepening our ‘Investment + Trade’ dual-driver development strategy, and systematically advance our work on ‘Upstream Asset Deployment, Trading Business Expansion and Production and Operation Enhancement’. For upstream asset deployment, we will focus on the oil and gas and aluminium industry chains as core areas, actively tracking and prudently screening quality assets with cost competitiveness and resource potential. For trading business expansion, we will focus on the restorative growth of trading volumes and the enhancement of sales prices for equity oil to fully improve our market value conversion capabilities. For production and operation enhancement, we will leverage technological innovation and lean management as dual enablers to systematically enhance the operational efficiency and value contribution of our existing assets. Pursuing organic growth and external expansion in parallel, we will make steady and sustainable progress in a complex and volatile external environment, and remain fully committed to delivering stable and sustainable long-term returns to our shareholders.” For details of CITIC Resources’ 2026 interim results, please refer to the Group’s interim results announcement on the Hong Kong Stock Exchange and the Group’s website. About CITIC Resources Holdings Limited (Stock Code: 1205.HK) CITIC Resources Holdings Limited has been listed on the Hong Kong Stock Exchange since 1997. The principal activities of CITIC Resources include the exploration, development and production of oil and coal, investments in bauxite mining, alumina refining and aluminium smelting, as well as oil and gas trading. CITIC Limited is the largest shareholder of CITIC Resources with an interest of about 59.5%.
- Bur Oak Resources Highlights Off the Grid Ontario Energy OptionsExplore renewable energy solutions from Bur Oak Resources, including solar, wind, off-grid systems, energy storage, and professional system design in Northern Ontario.
- TikTokTikTok LIVE Spotlights Creators at Community Fest Event in Santa Monica, with Special Performance by TinasheCompanies: ByteDanceOn Thursday, August 20, TikTok LIVE brought creators together for the US Regional Community Fest event at the historic Santa Monica Pier to celebrate the power of community and connection. Hosted by @markellwashington1, the event highlighted creators from all backgrounds and interests, spotlighting their journeys on the platform and the global communities they've fostered.Multi-platinum-certified disruptor singer, writer, and dancer, @tinashe closed out the night with a high-energy DJ set that included some of her…
- 公募基金上半年经营数据陆续揭晓：头部公司利润领先 中型公司剧烈洗牌格隆汇8月24日｜随着上市公司2026年半年报陆续披露，部分基金公司的经营业绩相继揭晓。据Wind数据统计，已披露经营数据的21家基金公司（包括有公募牌照的券商资管机构）中，20家实现盈利。整体来看，在公募行业费率改革深入推进、权益市场结构性行情延续等背景下，头部公司凭借多元产品线和规模优势保持利润领先，彼此间的差距极为有限，竞争仍然激烈。
- Monster EnergyMonster Energy's Max Alran Takes First Place in Downhill Mountain Bike Race at the 2026 WHOOP UCI Mountain Bike World Series Les GetsElite Men Downhill: 19-Year-Old Max Alran from Southern France Claims 1 st Place Elite Women Downhill: 29-Year-Old Marine Cabirou from France Earns 2 nd Place 24-Year-Old Luca Martin from France Claims 2 nd Place in Short Track (XCC) Race Event LES GETS, France, Aug. 23, 2026...
- Bronstein, Gewirtz & Grossman LLC Urges Peabody Energy Corporation Investors to Act: Class Action Filed Alleging Investor HarmNew class action for Peabody (BTU) urges investors to seek recovery for alleged securities fraud violations – lead plaintiff deadline of 8/24/2026
- The Rosen Law Firm PAROSEN, SKILLED INVESTOR COUNSEL, Encourages Bloom Energy Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - BEWHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Bloom Energy Corporation (NYSE: BE) between February 27, 2025 and July 8, 2026, inclusive (the "Class Period"), of the important September 28, 2026 lead plaintiff deadline.SO WHAT: If you purchased Bloom Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a...
- The Rosen Law Firm PABTU DEADLINE TOMORROW: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Peabody Energy Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important August 24 Deadline in Securities Class Action - BTUWHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Peabody Energy Corporation (NYSE: BTU) between October 14, 2024 to May 4, 2026, inclusive (the "Class Period"), of the important August 24, 2026 lead plaintiff deadline.SO WHAT: If you purchased Peabody Energy common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a...
- Faruqi & Faruqi LLPFSLR INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds First Solar (FSLR) Investors of Securities Class Action Lawsuit Deadline on August 24, 2026Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In First Solar To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in First Solar between February 26, 2025 and February 24, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information]New York, New York--(Newsfile...
- Faruqi & Faruqi LLPBTU INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Peabody Energy Investors of Securities Class Action Lawsuit Deadline on August 24, 2026Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Peabody Energy To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Peabody Energy between October 14, 2024 and May 4, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]New York, New York--(Newsfile...
- The Rosen Law Firm PAFSLR FINAL DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages First Solar, Inc. Investors to Secure Counsel Before Important August 24 Deadline in Securities Class Action - FSLRWHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of First Solar, Inc. (NASDAQ: FSLR) between February 26, 2025 and February 24, 2026, inclusive (the "Class Period"), of the important August 24, 2026 lead plaintiff deadline.SO WHAT: If you purchased First Solar securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a...
- The Apex InstituteThe Apex Institute Reveals What Hiring Managers Actually Want in Cloud and AI Infrastructure RolesJob seekers spend most of their energy guessing what employers want. The people actually doing the hiring say the answer is simpler than most candidates think. — Hiring managers filling cloud and AI infrastructure roles decide on four things:...