


Core Viewpoint - The company has released its first quarter report for 2025, ensuring the accuracy and completeness of the financial information presented [2][19][20]. Financial Data - The report indicates that the financial statements for the first quarter of 2025 are unaudited [3][15]. - The company has issued several bonds in 2025, including a perpetual subordinated bond of RMB 3 billion with a fixed interest rate of 2.10% for the first five years [7]. - The company also issued short-term bonds totaling RMB 30 billion with an interest rate of 1.85% and RMB 20 billion with an interest rate of 2.03% [6][7]. Shareholder Information - As of March 31, 2025, the company had a total of 741,154 shareholders, with 741,012 being A-share shareholders [6]. - China CITIC Financial Holdings Limited holds 2,939,832,712 shares, accounting for 19.84% of the total shares [6]. Operational Changes - The company has closed two securities business offices and relocated three others during the reporting period, maintaining a total of 38 branches and 199 securities business offices [10][11]. - CITIC Futures, a wholly-owned subsidiary, has also relocated two of its branches [11]. Legal Matters - The company is involved in a minor lawsuit related to a previous acquisition, with a claim amounting to RMB 1,828,167.34, which is not expected to pose significant risk [12]. Regulatory Actions - The company received a warning from the Shenzhen Securities Regulatory Bureau regarding deficiencies in managing risks associated with margin trading [13]. Performance of Subsidiaries - CITIC Securities' subsidiary, Huaxia Fund, reported a net profit of RMB 56,135.44 million for the first quarter of 2025 [14].