China International Capital (3908) Q3 2025 earnings summary

Executive summary

• Operating revenue for the nine months ended September 30, 2025 reached RMB20.76 billion, up 54.36% year-over-year.

• Profit attributable to shareholders for the same period was RMB6.57 billion, a 129.75% increase year-over-year.

• Significant growth in net fee and commission income and net gains from financial instruments at fair value drove results.

Financial highlights

• Operating revenue for Q3 2025 was RMB7.93 billion, up 74.78% year-over-year.

• Profit before income tax for Q3 2025 rose 314.05% year-over-year to RMB2.57 billion.

• Basic earnings per share for the nine months was RMB1.24, up 154.82% year-over-year.

• Net cash generated from operating activities for the nine months was RMB62.7 billion, up 157.26% year-over-year.

• Weighted average return on net assets increased by 3.65 percentage points year-over-year to 6.29%.

Outlook and guidance

• Growth attributed to increases in net fee and commission income and net gains from financial instruments.

• Profit margin improved due to higher operating revenue.