历史首次！“券商一哥”宣布，去年净利润突破300亿

Core Viewpoint - CITIC Securities reported strong financial performance for 2025, with significant growth in revenue and net profit, marking a historic milestone for the company [1][5]. Financial Performance - In 2025, CITIC Securities achieved operating revenue of 748.3 billion yuan, a year-on-year increase of 28.75% [4]. - The net profit attributable to shareholders reached 300.51 billion yuan, reflecting a 38.46% increase compared to the previous year [1][4]. - The company's operating profit was 401.40 billion yuan, up 40.81% year-on-year [4]. - The total profit amounted to 397.88 billion yuan, representing a 40.01% increase [4]. - Basic earnings per share rose to 1.96 yuan, a 39.01% increase [4]. - The weighted average return on equity increased to 10.58%, up by 2.49 percentage points [4]. Asset Growth - As of December 31, 2025, CITIC Securities reported total assets of 2.08 trillion yuan, a 21.79% increase year-on-year [4]. - The equity attributable to shareholders reached 319.90 billion yuan, up 9.14% [4]. - The net asset value per share was 21.58 yuan, reflecting a 9.1% increase [4]. Market Conditions and Business Strategy - The growth in performance was attributed to a bullish domestic capital market, increased trading activity, and enhanced investor confidence, with major A-share indices rising [5]. - The company expanded its client base and saw rapid growth in revenue from brokerage, investment banking, and proprietary trading [5]. - CITIC Securities emphasized its commitment to international expansion and improved cross-border service capabilities, contributing to significant growth in overseas revenue [5]. Wealth Management and Client Base - By the end of 2025, CITIC Securities served over 17 million clients in its wealth management business, with client assets totaling approximately 15 trillion yuan [5]. - The company reported a financial product holding exceeding 800 billion yuan and a buy-side advisory scale surpassing 130 billion yuan [5]. Underwriting Leadership - CITIC Securities ranked first in the industry for both underwriting amount and number of deals in 2025 [6].