CITIC Securities Company (600030) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 17.76 billion, up 29% year-over-year, with net profit attributable to shareholders at RMB 6.55 billion, a 32% increase year-over-year.

• Growth was driven by higher income from wealth management and investment trading businesses.

• Total assets at quarter-end were RMB 1.79 trillion, up 4.6% from the previous year-end.

Financial highlights

• Operating income rose to RMB 17.76 billion from RMB 13.75 billion year-over-year.

• Net profit attributable to shareholders increased to RMB 6.55 billion from RMB 4.96 billion year-over-year.

• Basic and diluted EPS were RMB 0.42, up from RMB 0.32 year-over-year.

• Net cash flow from operating activities was negative RMB 53.36 billion, compared to positive RMB 70.50 billion in the prior year.

Outlook and guidance

• Management attributes profit growth to increased revenue in wealth management and investment trading.