Xin Lang Cai Jing·2025-11-12 01:31Core Viewpoint - The report highlights the recent trading performance and financial metrics of China International Capital Corporation (CICC), indicating a significant increase in net profit and a high level of financing balance, suggesting strong investor interest and market positioning [1][3]. Financing Performance - On November 11, CICC experienced a financing buy-in of 137 million yuan, with a net financing buy of 5.32 million yuan, while the total financing balance reached 29.41 billion yuan, accounting for 2.81% of the circulating market value [1]. - The financing balance is noted to be above the 90th percentile of the past year, indicating a high level of activity [1]. Securities Lending - On the same day, CICC repaid 3,800 shares in securities lending and sold 8,000 shares, with the selling amount calculated at 286,200 yuan [1]. - The remaining securities lending balance was 128.45 million yuan, which is below the 40th percentile of the past year, indicating a relatively low level of short selling [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 shows wealth management contributing 32.58%, equity business 25.78%, fixed income 13.38%, investment banking 11.26%, and other segments making up the remainder [2]. Shareholder and Profit Metrics - As of September 30, CICC had 118,900 shareholders, a decrease of 4.10%, while the average circulating shares per person increased by 4.28% to 24,662 shares [3]. - For the first nine months of 2025, CICC reported a net profit of 6.567 billion yuan, marking a year-on-year increase of 129.75% [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 September 30, 2025, major institutional shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 51.425 million shares, and several ETFs with varying changes in their holdings [4].