Nan Fang Du Shi Bao·2025-10-24 12:11Core Viewpoint - CITIC Securities reported significant double-digit growth in revenue and net profit for Q3 2025, marking a historical high for the company [2][4]. Financial Performance - In Q3 2025, CITIC Securities achieved operating revenue of 22.775 billion yuan, a year-on-year increase of 55.71% [4]. - The net profit attributable to shareholders reached 9.440 billion yuan, reflecting a year-on-year growth of 51.54% [4]. - For the year-to-date period until Q3, the company reported total operating revenue of 55.815 billion yuan, up 32.70% compared to the same period last year [4]. - The net profit attributable to shareholders for the same period was 23.159 billion yuan, representing a year-on-year increase of 37.86% [4][5]. Business Segments - The increase in revenue was attributed to substantial growth across various business segments, including brokerage, investment banking, asset management, and investment trading [5]. - The net income from fees and commissions grew by 35.67%, driven by increases in brokerage and asset management services [5]. - Investment income surged by 190.05%, attributed to gains from financial instruments held and disposed of during the period [5]. Market Position - CITIC Securities ranked first in the industry in terms of total underwriting amount, with a total of 186.447 billion yuan in underwriting for 48 deals [7][6]. Regulatory Issues - The Jinan branch of CITIC Securities was named in a regulatory warning for non-compliance regarding employee conduct in fund sales [8]. - The company has committed to rectifying the issues raised by the regulatory body and has submitted a corrective action report [9].