CITIC Securities Holds 2025 Annual Earnings Release Conference

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Source: CITIC Securities Release

On March 27, 2026, CITIC Securities held its 2025 annual performance briefing in Hong Kong. The company’s chairman Zhang Youjun, general manager Zou Yingguang, financial officer Zhang Hao, board secretary Wang Junfeng, executive committee member and chairman of CITIC Securities International Li Chunbo, and head of the financial planning department Xi Zhiying attended, releasing the 2025 operating performance and discussing topics such as the “14th Five-Year Plan” development plan, enhancing financial “five major articles,” internationalization strategy, competition in the securities industry, serving new productive forces, and long-term capital entering the market, among others, with investors and media. The meeting was hosted by Wang Junfeng.

The meeting first introduced the company’s 2025 operating performance. In the past year, CITIC Securities focused on the goal of building a strong financial country, adhered to strengthening the foundation and stable operations, continuously improved core competitiveness and risk prevention capabilities, achieved the best operating performance in history, and maintained an industry-leading position in various businesses. The company achieved an annual operating income of 74.854 billion yuan, a year-on-year increase of 28.79%; net profit attributable to shareholders of the parent company was 30.076 billion yuan, a year-on-year increase of 38.58%; as of the end of 2025, the company’s total assets were 2,081.903 billion yuan, an increase of 21.70% from the beginning of the year; equity attributable to shareholders of the parent company was 319.930 billion yuan, an increase of 9.15% from the beginning of the year, and major financial indicators reached historical highs.

Subsequently, the company’s management fully communicated about issues of concern to investors and the media.

Zhang Youjun introduced the company’s “14th Five-Year Plan” development ideas and internationalization strategy. In response to the company’s “14th Five-Year Plan” development planning, he stated that the “14th Five-Year Plan” period is a critical time for CITIC Securities to build a first-class investment bank and investment institution, and the company will demonstrate new actions in six aspects: serving the national overall situation, fulfilling mission responsibilities, strengthening core capabilities, expanding global layout, empowering business with technology, and improving management efficiency, striving to promote high-quality development to a new level. In response to the company’s internationalization strategy, he stated that in recent years, CITIC Securities has continuously increased investment in international business resources and capability building, achieving significant results in international business development, making positive progress in business system improvement and regional market expansion. In the future, the company will solidly advance its internationalization strategy, focusing on strengthening business networks, service ecosystems, and management mechanism construction, continuously enhancing cross-border comprehensive financial service capabilities, and striving to become the preferred investment bank for “Chinese investment” and “investing in China.”

Zou Yingguang addressed numerous concerns from investors. In response to competition in the securities industry, he pointed out that the current trend of integration in the securities industry is accelerating, and the trend for leading brokerages to grow larger and stronger is becoming evident. The company will maintain strategic determination and unyieldingly promote high-quality development through three core initiatives: “improving quality and efficiency, strengthening competition, and expanding internationally.” In introducing the practical achievements of the company’s financial “five major articles,” he stated that in 2025, CITIC Securities focused on the goal of building a strong financial country and leveraged professional capabilities to empower the development of the real economy, achieving positive results in supporting national technological innovation, low-carbon transformation of the real economy, preserving and increasing residents’ wealth, and building a multi-level pension security system. In response to specific measures for serving new productive forces, he stated that CITIC Securities will always closely follow national strategic deployments, providing direct financing support, introducing patient capital, and creating a good market ecosystem to serve companies of new productive forces, assisting in high-level technological self-reliance and self-improvement. Regarding long-term capital entering the market, he stated that long-term capital is the “ballast” and “stabilizer” for the stable and healthy operation of the market. CITIC Securities will fully leverage its professional advantages across the entire industry chain, focusing on quality asset supply, strengthening financial services, and deepening investment management, to better support the improvement of the “long money long investment” market ecosystem.

Zhang Hao introduced the company’s 2025 dividend arrangements, considering factors such as the company’s future development and shareholder interests. In 2025, the company plans to distribute 7.00 yuan for every 10 shares to all shareholders, with a total cash dividend of 10.374 billion yuan (the above includes the tax-inclusive amount for the interim dividend). Compared to the 2024 dividend, the total dividend for 2025 represents a year-on-year increase of nearly 35%, marking the highest dividend record since the company’s establishment, fully reflecting the company’s high regard for shareholder returns. In response to investor concerns about ROE and leverage ratios, he stated that effective use of leverage can improve capital utilization efficiency and enhance the competitiveness of the company’s core business. The company will focus on its main responsibilities and adhere to the capital constraints and risk compliance bottom line, striving to steadily improve ROE levels and achieve a simultaneous increase in capital utilization efficiency, business development quality, and the ability to serve the real economy.

Li Chunbo introduced the development situation of CITIC Securities International in 2025. He stated that in 2025, CITIC Securities International will focus on enhancing “business capabilities, customer markets, and operational management,” achieving impressive operating results. Under Hong Kong Financial Reporting Standards, the annual operating income reached 3.3 billion USD, and net profit reached 900 million USD, representing year-on-year increases of 48% and 72%, respectively, both hitting historical highs. In the future, CITIC Securities International will implement a series of measures to enhance product strength, professionalism, and global operational capabilities, creating a “multi-regional collaboration” international business pattern and promoting a more balanced structure of country-based business and revenue.

Wang Junfeng introduced the company’s efforts in market value management, stating that in 2025, the company will strictly implement regulatory requirements and continuously improve the market value management system, actively engaging in shareholder returns, information disclosure, and investor communication, achieving solid results in market value management throughout the year.

This performance briefing attracted dozens of media outlets, including Xinhua News Agency, China Central Radio and Television, China Fund News, and Financial Times, as well as hundreds of institutional investors and analysts from Morgan Stanley, Bank of America Securities, HSBC, and others. Since 2021, the company has held its annual performance briefing in a live-streaming format for six consecutive years and continues to innovate the content and format of the performance briefing, fully reflecting the importance it places on all shareholders and global investors, and promoting the continual expansion of the company’s investment value and influence in the capital market.

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Editor: Shi Xiuzhen SF183