Sou Hu Cai Jing·2025-08-28 13:49Core Insights - The core viewpoint of the article is that CITIC Securities reported its best mid-year performance since its listing, with significant growth in revenue and net profit for the first half of 2025, alongside a substantial dividend distribution plan. Financial Performance - In the first half of 2025, CITIC Securities achieved operating revenue of 33.039 billion yuan, a year-on-year increase of 20.44% - The net profit attributable to shareholders was 13.719 billion yuan, reflecting a year-on-year growth of 29.80% - Basic earnings per share were 0.89 yuan, with a weighted average return on equity of 4.91% [1] - The company proposed a dividend of 2.90 yuan per 10 shares, totaling 4.298 billion yuan, which represents 32.53% of the net profit for the period [1] Business Segment Performance - The brokerage business generated revenue of 9.319 billion yuan, up 21.11% year-on-year - Asset management revenue reached 6.017 billion yuan, an increase of 22.32% - Securities investment income was 14.497 billion yuan, growing by 8.15% - Securities underwriting revenue was 2.054 billion yuan, up 19.16% [2] - Securities investment was the largest revenue contributor, accounting for 43.87% of total revenue [1] Wealth Management and Client Base - CITIC Securities reported over 16.5 million wealth management clients, with total client assets exceeding 12 trillion yuan, a 4% increase from the previous year - The company’s financial product holdings reached 600 billion yuan, with buy-side advisory assets at 110 billion yuan [3] - The total asset management scale was 1.556 trillion yuan, with a market share of 12.83% in private asset management, ranking first in the industry [3] International Performance - CITIC Securities International achieved operating revenue of 1.492 billion USD, a 53% increase year-on-year, and net profit of 387 million USD, up 66%, marking a historical high for the period [6] - The company completed 30 overseas equity projects with an underwriting scale of 2.989 billion USD, including 18 IPOs in the Hong Kong market [7] Employee Statistics - As of June 30, 2025, the total number of employees at CITIC Securities was 26,083, a decrease of 698 from the beginning of the year [9] - The number of employees in the parent company was 15,087, down by 565 [11]