Xin Lang Cai Jing·2025-08-19 01:24Core Viewpoint - China International Capital Corporation (CICC) shows a stable performance in financing activities, with a low financing balance relative to market capitalization, while the short-selling activities indicate a higher level of borrowing compared to the past year [1][2]. Financing Activities - On August 18, CICC had a financing buy-in amount of 291 million yuan and a financing repayment of 288 million yuan, resulting in a net financing buy of 2.685 million yuan [1]. - The total financing and securities lending balance for CICC reached 2.456 billion yuan as of August 18, with the financing balance accounting for 2.17% of the circulating market value, which is below the 50th percentile level over the past year [1]. - CICC's short-selling activities included a repayment of 2,500 shares and a short sale of 67,700 shares, with a total selling amount of approximately 2.6105 million yuan [1]. Company Overview - CICC, established on July 31, 1995, and listed on November 2, 2020, operates in various sectors including investment banking, equity sales and trading, fixed income, commodities, wealth management, and investment management [2]. - The revenue composition of CICC is as follows: wealth management (32.73%), equity business (20.81%), fixed income (17.37%), investment banking (12.11%), other (8.25%), asset management (5.14%), and private equity (3.60%) [2]. Shareholder Information - As of March 31, CICC had 139,600 shareholders, a decrease of 9.70% from the previous period, while the average circulating shares per person increased by 10.77% to 21,000 shares [3]. - CICC has distributed a total of 4.924 billion yuan in dividends since its A-share listing, with 2.607 billion yuan distributed over the past three years [4]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable increases in holdings for some and decreases for others [4].