Zhi Tong Cai Jing·2025-08-29 09:52Core Viewpoint - Bank of America Securities reports that CITIC Securities (601066) achieved a net profit of 4.5 billion RMB in the first half of the year, representing a year-on-year growth of 58%, which meets expectations [1] Financial Performance - The second quarter profit increased by 64% year-on-year to 2.7 billion RMB, outperforming peers [1] - Total operating revenue for the first half rose by 20% year-on-year to 10.7 billion RMB, driven by a 33% increase in brokerage commission income and a 30% rise in investment income [1] Target Price Adjustments - The H-share target price is raised from 14.8 HKD to 15.6 HKD, maintaining a "Buy" rating [1] - The A-share target price is increased from 27.2 RMB to 27.4 RMB, with a "Outperform" rating retained [1]