China International Capital (3908) investor relations material

Executive summary

• Achieved strong financial growth in H1 2026, with revenue up 39.2% and net profit up 89.3% year-over-year, driven by robust performance across all business segments.

• Maintained leading market positions in investment banking, equities, FICC, asset management, private equity, and wealth management.

• Advanced the merger process with Dongxing Securities and Cinda Securities, aiming to consolidate industry leadership.

Financial highlights

• Total revenue and other income: RMB26,047.2 million, up 39.2% year-over-year.

• Profit attributable to shareholders: RMB8,199.3 million, up 89.3% year-over-year.

• Basic EPS: RMB1.621, up 99.1% year-over-year.

• Weighted average ROE: 7.6%, up 3.4 percentage points.

• Total assets: RMB997,149.6 million, up 27.4% from year-end 2025.

• Gearing ratio: 82.3%, up 1.3 percentage points.

• Net cash from operating activities: RMB1,470.3 million, down 84.4% year-over-year due to increased financial instruments and margin receivables.

Outlook and guidance

• Will focus on high-quality development, leveraging the "five priorities" of finance (technology, green, inclusive, pension, digital).

• Plans to consolidate leadership in large IPOs, cross-border services, and green finance.

• Expects to further expand global footprint and product offerings, especially in asset management and private equity.