CITIC Securities Co., Ltd. Q3 revenue increased by 55.71% year-on-year, net profit increased by 51.54%, and investment income surged by over 190% | Financial Report Insights

CITIC Securities Co., Ltd. reported a net profit attributable to shareholders of RMB 9.44 billion in Q3, a year-on-year increase of 51.54%. The three main pillars of brokerage, asset management, and investment banking all achieved steady growth. Investment income for the first three quarters reached RMB 32.838 billion, soaring 190.05% year-on-year. As of the end of the reporting period, total assets surpassed RMB 20 trillion for the first time, reaching RMB 20.3 trillion.

On the 24th, CITIC Securities announced its Q3 financial report:

• Q3 operating income reached RMB 22.775 billion, a year-on-year increase of 55.71%.
• Net profit was RMB 9.44 billion, a year-on-year increase of 51.54%.

Q3 Net Profit Increased by Over 50%, Revenue from All Business Lines Rose

The growth in performance is mainly attributed to the comprehensive efforts of multiple business lines. The report pointed out that the significant increase in operating income in Q3 mainly came from the rise in revenues from brokerage, investment banking, asset management, and investment trading. In the first three quarters of this year, the company's net profit attributable to shareholders totaled RMB 23.159 billion, a year-on-year increase of 37.86%.

In the first three quarters of this year, the company achieved net income from fees and commissions of RMB 24.561 billion, a year-on-year increase of 35.67%. Among them, net income from brokerage fees increased from RMB 7.154 billion in the same period last year to RMB 10.939 billion, becoming the most significant growth segment. Additionally, net income from investment banking and asset management fees also recorded steady growth.

In market-related businesses, CITIC Securities' investment income was particularly outstanding. In the first three quarters, the company achieved investment income of RMB 32.838 billion, a year-on-year surge of 190.05%, mainly due to the increase in investment income from financial instruments held and disposed of during the period. Fair value changes recorded a loss of RMB 756 million, in stark contrast to the over RMB 10.7 billion profit in the same period last year, which the report explained was mainly due to the decrease in fair value changes of trading financial liabilities and derivative financial instruments.

Additionally, the company recorded an exchange loss of RMB 2.198 billion during the same period, reflecting the impact of exchange rate market fluctuations on performance.

Asset Scale Exceeds 20 Trillion

As of September 30, 2025, the company's total assets reached RMB 20.26 trillion, an increase of 18.45% compared to the end of 2024, officially surpassing the RMB 20 trillion mark. The expansion of asset scale is closely related to business activities, with the "funds lent out" item increasing from RMB 138.3 billion at the beginning of the year to RMB 191.7 billion, reflecting the expansion of margin financing and securities lending business against the backdrop of increased market activity.

The report showed that the net cash flow generated from operating activities in the first three quarters was RMB 56.202 billion, a year-on-year decrease of 50.53%, mainly due to the increase in cash outflows from "funds lent out."

As an important asset under CITIC Securities, its holding subsidiary, Huaxia Fund Management Co., Ltd. (hereinafter referred to as Huaxia Fund), continues to maintain stable performance and industry-leading management scale Based on the principle of fair information disclosure, CITIC Securities disclosed the unaudited third-quarter key financial data of Huaxia Fund in the report. From July to September 2025, Huaxia Fund achieved a net profit of 866 million yuan. As of September 30, 2025, the asset scale managed by Huaxia Fund (parent company) reached 3.0068 trillion yuan, continuously contributing a stable source of profit to the group