证券日报网讯 12月22日，中国交建（601800）在互动平台回答投资者提问时表示，建筑企业的盈利模 式会因所在地区、国家的市场环境、业务结构、政策法规等因素存在显著差异，同时不同资本市场的估 值体系、投资者偏好也各不相同，因此不同国家的建筑企业股价无法直接进行简单对比。公司将积极向 国际优秀企业学习，加快国际化业务发展进程，改善自身业务结构，优化盈利模式，努力推动公司估值 向合理水平迈进。 ...

Core Viewpoint - CITIC Securities reported strong financial performance for the first half of 2025, achieving record revenue and profit levels, indicating robust growth across various business segments [1][4]. Financial Performance - As of June 30, 2025, CITIC Securities' total assets exceeded 1.8 trillion yuan, with net assets surpassing 300 billion yuan [1]. - The company achieved operating revenue of 33.04 billion yuan, a year-on-year increase of 20.44% [3]. - Net profit attributable to shareholders reached 13.72 billion yuan, reflecting a year-on-year growth of 29.80%, marking the best mid-year performance in history [1][3]. Revenue Structure - Brokerage business revenue was 9.32 billion yuan, up 21.11% year-on-year [2]. - Asset management revenue totaled 6.02 billion yuan, increasing by 22.32% year-on-year [2]. - Securities investment revenue amounted to 14.50 billion yuan, with an 8.15% year-on-year increase [2]. - Underwriting revenue reached 2.05 billion yuan, growing by 19.16% year-on-year [2]. Investment Banking and International Business - CITIC Securities maintained a leading position in investment banking, completing 36 A-share underwriting projects with a total scale of 148.53 billion yuan, capturing a market share of 19.19% [5]. - The international business segment saw significant growth, with revenue of 1.49 billion USD, a 53% increase year-on-year, and net profit of 390 million USD, up 66% [6]. Dividend Distribution - The company announced a mid-term profit distribution plan, proposing a cash dividend of 2.90 yuan per share, totaling approximately 4.30 billion yuan, which represents 32.53% of the mid-term net profit [7]. - This marks the second consecutive year of mid-term dividends, with the total cash dividend increasing from 3.56 billion yuan in 2024 to 4.30 billion yuan in 2025, reflecting a growth of over 20% year-on-year [7].