Hua Er Jie Jian Wen·2025-10-24 11:54Core Insights - CITIC Securities reported a significant increase in Q3 net profit, reaching 9.44 billion yuan, a year-on-year growth of 51.54% [1][3] - The company's total assets surpassed 2 trillion yuan for the first time, reaching 2.03 trillion yuan, marking an 18.45% increase from the end of the previous year [4] Financial Performance - Q3 operating revenue was 22.78 billion yuan, up 55.71% year-on-year [2][3] - For the first three quarters, the cumulative net profit attributable to shareholders was 23.16 billion yuan, a 37.86% increase compared to the same period last year [3] - The net income from commissions and fees for the first three quarters was 24.56 billion yuan, reflecting a 35.67% year-on-year growth [3] Business Segments - The growth in revenue was driven by robust performance across brokerage, investment banking, asset management, and investment trading businesses [3] - Brokerage fee income surged from 7.15 billion yuan in the previous year to 10.94 billion yuan, marking the most significant growth among segments [3] Investment Gains - Investment income for the first three quarters reached 32.84 billion yuan, a staggering increase of 190.05% year-on-year, primarily due to gains from financial instruments [3] - The fair value changes recorded a loss of 756 million yuan, contrasting sharply with over 10.7 billion yuan in gains from the previous year [3] Asset Management - CITIC Securities' subsidiary, Huaxia Fund, reported a net profit of 866 million yuan for Q3, with total assets under management reaching 3.0068 trillion yuan as of September 30, 2025 [6]