 | |
| Formerly | CITIC Guoan Corporation |
|---|---|
| Company type | Private |
| Industry | Conglomerate |
| Founded |
|
| Founder | CITIC Group |
| Headquarters | Chaoyang District, Beijing ,China |
Area served | Mainland China |
| Revenue |  CN¥93.527 billion (2015) |
| CN¥907 million (2015) | |
| CN¥556 million (2015) | |
| Total assets | CN¥157.980 billion (2015) |
| Total equity | CN¥14.565 billion (2015) |
| Owner |
|
| Subsidiaries |
|
| Website | guoan |
| Footnotes / references in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1] | |
| CITIC Guoan Group Co., Ltd. | |||
|---|---|---|---|
| Simplified Chinese | 中信国安集团有限公司 | ||
| Traditional Chinese | 中信國安集團有限公司 | ||
| |||
CITIC Guoan Group Co., Ltd. is a Chinese company. The company itself was founded byCITIC Group (who currently owns a 20.95% stake).[1]: 124 CITIC Guoan Group is the largest shareholder ofCITIC Guoan Information Industry,CITIC Guoan Wine andGlobal Tech Holdings.
Moreover, Guoan is the second largest shareholder ofBaiyin Nonferrous.
CITIC Guoan Group was a wholly owned subsidiary ofCITIC Group until 2014. The company had anet assets to total assets ratio of 0.00125 (around 1:799) in aconsolidated financial statements as of 31 December 2013 (CN¥94 billion total assets to CN¥119 million equity).[2]
In 2014, the company recapitalized, which several private capitals subscribed the increase.[3] After the recapitalization, the stake of CITIC Guoan Group became one of the few assets ofCITIC Group that was not injected to its listed subsidiaryCITIC Limited. CITIC Group also disinvested CITIC Limited in 2015.
CITIC Guoan Group was the co-founder ofBeijing Guoan F.C.[4] However, the stake was now owned byCITIC Limited.[5]
In December 2015, CITIC Guoan Group (viaRoad Shine Developments andGuoan (HK) Holdings) bought a major stake ofGlobal Tech Holdings forHK$0.11615 per shares.[6]
As of 31 December 2015, CITIC Guoan Group viaCITIC Guoan Co., Ltd. owned 2.00% stake inBank of Shanghai.[7]
In June 2023,Bolivia signed an agreement with Citic Guoan Group to develop its lithium reserves, which are the largest in the world. Citic Guoan will invest $857 million and may also construct battery plants and an electric vehicle assembly plant.[8]