China International Capital (3908) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 reached RMB8.83 billion, up 54.26% year-over-year, with profit attributable to shareholders at RMB3.58 billion, a 75.19% increase year-over-year.

• Net cash generated from operating activities surged 194.90% year-over-year to RMB25.93 billion.

• Extraordinary gains and losses contributed RMB39.69 million, mainly from government grants and asset disposals.

Financial highlights

• Basic earnings per share rose to RMB0.70 from RMB0.38 year-over-year.

• Weighted average return on net assets increased by 1.38 percentage points to 3.35%.

• Total assets grew 11.11% from December 2025 to RMB869.77 billion; total equity attributable to shareholders rose 8.53% to RMB132.47 billion.

• Net fee and commission income increased 80.14% year-over-year, driven by brokerage and investment banking.

• Net interest income turned positive, reflecting higher interest income from debt investments and margin financing.

Outlook and guidance

• The company is advancing a merger with Dongxing Securities and Cinda Securities, with audit and related procedures ongoing.