Guan Cha Zhe Wang·2025-08-29 05:46Core Insights - CITIC Securities reported a record high for the first half of 2025, with operating revenue of 33.04 billion yuan and net profit of 13.72 billion yuan, reflecting year-on-year growth of 20.44% and 29.8% respectively [1][3] Financial Performance - Operating revenue for the first half of 2025 was 33,039.30 million yuan, compared to 27,433.01 million yuan in the same period last year, marking a significant increase [3] - Total profit for the period reached 17,745.91 million yuan, up from 13,951.97 million yuan year-on-year [3] - Net profit attributable to shareholders was 13,719.08 million yuan, compared to 10,569.76 million yuan in the previous year [3] - The net cash flow from operating activities was 30,347.12 million yuan, down from 37,432.44 million yuan year-on-year [3] - Total assets as of June 30, 2025, amounted to 1,807.73 billion yuan, an increase of 970.2 million yuan or 5.67% from the end of the previous year [3] Segment Performance - Brokerage business revenue was 9.32 billion yuan, a year-on-year increase of 21.11% [4] - Asset management business revenue reached 6.02 billion yuan, up 22.32% year-on-year [4] - Securities investment business contributed the highest revenue at 14.50 billion yuan, with an 8.15% increase [4] - Securities underwriting business revenue was 2.05 billion yuan, reflecting a year-on-year growth of 19.16% [4] - International business achieved operating revenue of 1.49 billion USD, a 53% increase, and net profit of 390 million USD, up 66% year-on-year [4] Dividend Distribution - CITIC Securities announced a mid-year profit distribution plan, proposing a cash dividend of 2.9 yuan per 10 shares, totaling 4.298 billion yuan, which represents 32.53% of the net profit attributable to shareholders [4] - This marks the second consecutive year of mid-year dividends, with the total cash dividend amount increasing from 3.557 billion yuan in 2024 to 4.298 billion yuan in 2025, reflecting a year-on-year growth of over 20% [4]