CITIC Securities Company (600030) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 reached RMB 15.96 billion, up 11.54% year-over-year; net profit attributable to shareholders was RMB 6.23 billion, up 21.94% year-over-year.

• For the first nine months, revenue was RMB 46.14 billion, up 0.73% year-over-year; net profit attributable to shareholders was RMB 16.80 billion, up 2.35% year-over-year.

• Basic and diluted EPS for the first nine months were both RMB 1.09, compared to RMB 1.08 in the prior year.

Financial highlights

• Operating cash flow for the first nine months was RMB 113.61 billion, a significant increase from a negative RMB 54.30 billion in the prior year.

• Total assets at Q3-end were RMB 1.73 trillion, up 19.15% from year-end 2023.

• Net assets attributable to shareholders reached RMB 286.52 billion, up 6.57% from year-end 2023.

• Weighted average ROE for the first nine months was 6.30%, up 0.11 percentage points year-over-year.

Outlook and guidance

• A mid-year cash dividend of RMB 2.40 per 10 shares (pre-tax) was approved, totaling RMB 3.56 billion, representing 34.89% of H1 net profit.