Xin Lang Cai Jing·2025-08-29 07:06Core Viewpoint - The report highlights the recent trading activities and financial performance of China International Capital Corporation (CICC), indicating a mixed sentiment in the market with significant financing activities and a notable increase in net profit year-on-year [1][3]. Financing Activities - On August 28, CICC experienced a financing buy-in of 145 million yuan, while the financing repayment amounted to 200 million yuan, resulting in a net financing outflow of approximately 54.67 million yuan [1]. - As of August 28, the total financing and securities lending balance for CICC reached 2.684 billion yuan, with the financing balance accounting for 2.38% of the circulating market value, indicating a high level compared to the past year [1]. Securities Lending - On the same day, CICC repaid 4,600 shares in securities lending and sold 5,200 shares, with the selling amount calculated at approximately 200,100 yuan [1]. - The remaining securities lending volume stood at 45,300 shares, with a balance of 1.7431 million yuan, which is below the 50th percentile level over the past year, indicating a relatively low position [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]. Financial Performance - As of March 31, CICC reported a net profit of 2.042 billion yuan, reflecting a year-on-year growth of 64.85% [3]. - The company 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 [3]. Shareholder Structure - As of March 31, 2025, CICC had 139,600 shareholders, a decrease of 9.7% from the previous period, while the average circulating shares per person increased by 10.77% to 21,000 shares [3]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable increases and decreases in holdings compared to the previous period [3].