CITIC Securities Company (600030) Q4 2025 earnings summary

Executive summary

• Achieved record annual operating revenue of RMB74.85 billion, up 28.79% year-over-year, and net profit attributable to owners of RMB30.08 billion, up 38.58% year-over-year.

• Total assets reached RMB2.08 trillion, a 21.70% increase from the prior year-end.

• Maintained industry leadership across business lines, with strong growth in both domestic and international operations.

• Celebrated 30th anniversary, cumulative dividends distributed exceeded RMB93 billion.

Financial highlights

• Total revenue and other income: RMB104.68 billion, up 21.88% year-over-year.

• Operating profit: RMB39.31 billion, up 38.91% year-over-year.

• Net profit attributable to owners: RMB30.08 billion, up 38.57% year-over-year.

• Basic and diluted EPS: RMB1.96, up 39.01% year-over-year.

• Return on weighted average equity: 10.59%, up 2.50 percentage points.

• Gearing ratio: 79.16%, up 1.34 percentage points.

• Net cash outflow from operating activities: RMB43.97 billion (vs. inflow of RMB95.82 billion in 2024).

Outlook and guidance

• 2026 marks the start of the 15th Five-Year Plan, focusing on high-quality growth, risk management, and international expansion.

• Plans to deepen global network, enhance digital transformation, and strengthen core competitiveness.

• Will continue to invest in talent and optimize capital allocation.