CITIC Securities Co., Ltd.(SH:600030) Zhong Guo Xin Wen Wang·2025-08-28 13:06Core Insights - CITIC Securities reported a revenue of approximately 33.04 billion yuan for the first half of 2025, representing a year-on-year growth of 20.44% [1] - The net profit attributable to shareholders reached approximately 13.72 billion yuan, with a year-on-year increase of 29.8% [1] Revenue Breakdown - Brokerage business generated approximately 9.32 billion yuan, up 21.11% year-on-year [1] - Asset management business achieved revenue of about 6.02 billion yuan, growing by 22.32% year-on-year [1] - Securities investment business reported revenue of approximately 14.50 billion yuan, reflecting an 8.15% year-on-year increase [1] - Securities underwriting business earned about 2.05 billion yuan, with a year-on-year growth of 19.16% [1] - Other businesses contributed approximately 1.15 billion yuan [1] Financial Position - As of June 30, 2025, CITIC Securities' total assets exceeded 1.8 trillion yuan, marking a year-on-year growth of 5.67% [1] - The net assets attributable to shareholders surpassed 300 billion yuan, with a year-on-year increase of 4.2% [1] Market Context - The company noted that the Chinese capital market reforms are deepening, with improved mechanisms for long-term funds such as insurance and pension funds entering the market [1] - The normalization of market stabilization mechanisms is enhancing the effectiveness of services for technological innovation and the real economy [1] - There is an increasing focus on investor returns from listed companies [1] Company Valuation - CITIC Securities is the largest company by market capitalization in the A-share securities sector, with a total market value exceeding 466.8 billion yuan as of the close on August 28 [2]