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CITIC Dicastal Co., Ltd.
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CITIC Dicastal Co., Ltd.

CITIC Dicastal

CITIC Dicastal Co., Ltd. is the world's largest manufacturer of aluminum alloy wheels and aluminum chassis castings, founded in 1988 in Qinhuangdao, Hebei, China, as the advanced-manufacturing flagship of state-owned conglomerate CITIC Limited. Generating roughly ¥49.2 billion (US$6.8 billion) of annual revenue, the company commands staggering capacity of 95 million aluminum wheels plus 210,000 tonnes of precision chassis castings per year across 30+ manufacturing bases, employing more than 20,000 people. Dicastal has held the global number-one position in aluminum wheel production and sales for over a decade, supplying virtually every major OEM while pioneering giga-casting chassis modules, hollow control arms, and next-generation magnesium wheels for the electric-vehicle era.

Strengths: Unrivaled scale economics—the 95-million-wheel annual capacity dwarfs every competitor and delivers industry-best unit costs. CITIC group materials synergy with sister companies in special steel and metals securing aluminum supply and metallurgical R&D depth. Globalized local production: the Morocco plant was named the World Economic Forum's first African "Lighthouse Factory" for digital manufacturing excellence, and the new Mexican casting base (5 million wheels, phase one) has passed customer validation and entered volume delivery. Technology vanguard in heavy giga-casting—its integrated underbody die-castings consolidate nearly one hundred stampings into single components—plus a carbon-fiber/metal hybrid subframe for Hongqi achieving 20%+ weight reduction. Resilient profitability with net profit exceeding ¥1.59 billion and revenue continuing to climb through trade turbulence.

Weaknesses: Persistent US and EU anti-dumping duties on Chinese aluminum wheels compress export margins and force costly regional capacity duplication. Aluminum ingot price volatility squeezes casting spreads despite hedging. No independent stock listing—consolidated within CITIC Limited—limits direct capital-market access and standalone valuation visibility.
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ChinaFounded 198820,000+~¥49.2 B / US$6.8 B30+ manufacturing bases and… / 100
Listed onHKEX0267
Last updated: October 2026·By VerityRank Research Team·Methodology

Listed market data

0267 · HKEX · weeklyHistory →
Market cap
$47.7 B
Share price
≈ HKD 1.64
1Y change
+14.7%
Recent change
+0.9%

10-22 → 10-23

Since first close
-62.4%

from 2000-01

Revenue (TTM)
$129 B
Revenue FY 2024 · updated 2026-10-23Source ↗

Financial history

Full market history
HKD 0$0HKD 4$100 BHKD 8$200 BHKD 11$300 BHKD 15$400 B2025-112025-122026-012026-022026-032026-042026-052026-062026-072026-082026-092026-10
MonthCloseMarket capChange
  • 2026-10HKD 12.87$374 B0.0%
  • 2026-09HKD 12.87$374 B-1.9%
  • 2026-08HKD 13.12$382 B-0.4%
  • 2026-07HKD 13.17$383 B+6.5%
  • 2026-06HKD 12.37$360 B+16.6%
  • 2026-05HKD 10.61$309 B-19.4%
  • 2026-04HKD 13.16$383 B+2.0%
  • 2026-03HKD 12.90$375 B+9.1%
  • 2026-02HKD 11.82$344 B-5.6%
  • 2026-01HKD 12.52$364 B+0.1%
  • 2025-12HKD 12.51$364 B+3.7%
  • 2025-11HKD 12.06$351 B—
Monthly closes · 2025-11 – 2026-10 · Full market history

In the press

All coverage →5 latest headlines
Headlines aggregated from public feeds. Sentiment tags are keyword-based, not editorial judgement.

Core Business

CITIC Dicastal is the undisputed global champion of automotive aluminum casting: the world's largest aluminum wheel maker for more than a decade and China's premier supplier of cast aluminum chassis components. Annual revenue of roughly ¥49.2 billion (US$6.8 billion) flows from two reinforcing pillars—95 million wheels per year across cast, flow-formed, and forged technologies, and 210,000 tonnes of chassis castings spanning knuckles, control arms, subframes, and giant integrated underbody modules. As OEMs race toward lightweight electric platforms, Dicastal's giga-casting lines and magnesium/carbon-hybrid programs position it at the technological frontier of vehicular metal transformation.

Global Presence

From its Qinhuangdao headquarters, Dicastal orchestrates 30+ manufacturing bases across China, Morocco, Mexico, the United States, and Europe with over 20,000 employees. Its Moroccan complex earned recognition as the World Economic Forum's first African "Lighthouse Factory," showcasing fully digitalized aluminum processing, while the new Mexican plant's five-million-wheel first phase has entered volume production to serve North American OEMs tariff-free. This local-for-local network lets Dicastal supply German premium brands, American truck programs, and Chinese NEV champions with identical quality standards while sidestepping trade barriers.

Key Strengths

Scale is Dicastal's decisive weapon—no rival approaches its wheel volumes, giving procurement leverage on aluminum and amortizing R&D across enormous output. CITIC group synergies provide special-steel tooling, metals trading, and financing depth unavailable to independent casters. The company pioneered heavy giga-casting in China, consolidating nearly one hundred stampings into single structures, and its carbon-fiber/metal hybrid subframe for Hongqi demonstrates materials leadership beyond aluminum. Consistent profitability—net profit above ¥1.59 billion and rising—funds continuous global capacity expansion without leverage strain.

Challenges & Outlook

Western trade protectionism remains the chief external threat: layered US and EU anti-dumping duties on Chinese wheels force margin sacrifices or capital-heavy regional plants, while aluminum price swings test cost discipline. Absence of an independent listing constrains standalone capital raising. Yet Dicastal's entrenched OEM relationships, proven overseas replication model, and first-mover giga-casting capabilities align it squarely with the EV lightweighting megatrend, supporting a confident growth trajectory through the decade.

VerityRank Score: 88/100

Related

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: Official Website , CITIC Dicastal Official Website
CITIC Limited (HKEX: 0267) – Parent Company Quote
CITIC Limited Annual Report – Dicastal Advanced Manufacturing
MarkLines – CITIC Dicastal Company Profile
CITIC Group – Wikipedia