Xin Lang Cai Jing·2025-09-03 04:14Core Viewpoint - The report highlights the recent trading performance and financial metrics 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 September 2, CICC experienced a decline of 1.10% in stock price with a trading volume of 1.49 billion yuan - The financing buy-in amount for the day was 205 million yuan, while the financing repayment was 207 million yuan, resulting in a net financing outflow of 2.02 million yuan - As of September 2, the total financing and securities lending balance was 2.617 billion yuan, with the financing balance accounting for 2.32% of the circulating market value, indicating a high level compared to the past year [1]. Securities Lending - On the same day, CICC repaid 14,900 shares in securities lending and sold 13,300 shares, amounting to 512,200 yuan based on the closing price - The remaining securities lending volume was 45,900 shares, with a balance of 1.7676 million yuan, which is below the 50th percentile of the past year, indicating a relatively low level [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 - The revenue composition 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]. Shareholder Information - As of June 30, the number of shareholders was 124,000, a decrease of 11.17% from the previous period, while the average circulating shares per person increased by 12.62% to 23,649 shares - For the first half of 2025, CICC reported zero operating revenue but a net profit attributable to shareholders of 4.33 billion yuan, representing a year-on-year growth of 94.35% [3]. Dividend Distribution - CICC 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 [4]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder with 71.1662 million shares, an increase of 21.6325 million shares from the previous period - Other notable shareholders include Huatai-PB CSI 300 ETF, which increased its holdings by 1.8153 million shares, and Guotai CSI All-Share Securities Company ETF, which decreased its holdings by 1.8591 million shares [4].