China International Capital (3908) Q3 2026 earnings summary

Executive summary

• 9M 2026 operating revenue reached RMB30.715bn, up 47.95% YoY; profit attributable to parent shareholders was RMB13.245bn, up 101.71%.

• Q3 revenue rose 43.87% YoY to RMB11.412bn, while profit attributable to parent shareholders increased 125.63% to RMB5.046bn.

• Financial statements were unaudited and prepared under CASs.

Financial highlights

• 9M profit before income tax rose 115.84% YoY to RMB16.678bn; profit for the period was RMB13.367bn.

• Adjusted 9M profit attributable to parent shareholders, excluding extraordinary items, increased 101.93% to RMB13.096bn; Q3 adjusted profit was RMB5.062bn, up 125.69%.

• 9M net fee and commission income rose 43.21% to RMB14.752bn; net interest income was RMB435m versus a RMB1.020bn expense a year earlier.

• Investment income and gains from fair-value changes increased 43.14% to RMB15.792bn; foreign exchange turned to a RMB438m loss from a RMB330m gain.

• Net cash from operating activities fell 48.64% YoY to RMB32.206bn, reflecting slower growth in client payables and a reversal in derivative trade payables, partly offset by lower margin-client receivables outflows.

Key financial ratios and metrics

• Basic EPS was RMB1.003 in Q3, up 135.79% YoY, and RMB2.624 for 9M, up 111.68%.

• Weighted average return on net assets was 4.57% for Q3 and 12.18% for 9M, increases of 2.45 and 5.89 percentage points YoY, respectively.

• Total assets were RMB874.758bn at September 30, up 11.74% from year-end 2025; parent-attributable equity was RMB141.878bn, up 16.24%.

• Parent net capital was RMB49.211bn, up 2.22% from year-end; capital leverage was 11.21%, liquidity coverage 407.93%, and net stable funding 162.61%.