Xin Lang Cai Jing·2025-09-18 01:29Core Viewpoint - China International Capital Corporation (CICC) shows strong financial performance with significant growth in net profit and a high level of financing balance, indicating robust investor interest and market positioning [1][3]. Financing and Trading Activity - On September 17, CICC's stock rose by 1.00% with a trading volume of 9.82 billion yuan. The financing buy-in amounted to 161 million yuan, while financing repayment was 162 million yuan, resulting in a net financing outflow of 1.08 million yuan [1]. - As of September 17, the total financing and securities lending balance for CICC was 2.838 billion yuan, with the financing balance representing 2.60% of the circulating market value, indicating a high level compared to the past year [1]. - In terms of securities lending, CICC had no shares repaid on September 17, with 7,100 shares sold short, amounting to 264,500 yuan at the closing price. The remaining securities lending balance was 130,000 yuan, which is below the 30th percentile of the past year [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 June 30, CICC had 124,000 shareholders, a decrease of 11.17% from the previous period, while the average circulating shares per person increased by 12.62% to 23,649 shares [3]. - For the first half of 2025, CICC reported zero operating income but achieved a net profit attributable to shareholders of 4.33 billion yuan, representing a year-on-year growth of 94.35% [3]. Dividend and Shareholding Structure - 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]. - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 21.63 million shares to 71.1662 million shares [4].