Research Report Insights | Soochow Securities: Maintain "Buy" Rating for CITIC Securities, with Profitability Significantly Higher Than Industry Average

NightAirdropper · 2026-03-27T20:51:52+00:00

Dongwu Securities research report shows that CITIC Securities' net profit in 2025 is expected to grow by nearly 40%, with operating revenue reaching 74.85 billion yuan, mainly benefiting from a significant increase in trading volume and improved brokerage business. The margin financing balance and investment banking income both saw substantial growth. The company maintains its industry leading position and profitability, and is rated as a "Buy."

NightAirdropper

2026-03-27 20:51:52

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Dongwu Securities’ research report indicates that CITIC Securities’ net profit grew by nearly 40%, with strong advantages in both domestic and overseas businesses. In 2025, the company achieved an operating revenue of 74.85 billion yuan, a year-on-year increase of 28.8%; the net profit attributable to shareholders was 30.08 billion yuan, a year-on-year increase of 38.6%. The trading volume surged, leading to significant growth in brokerage business revenue. The company’s margin financing and securities lending balance reached 207.7 billion yuan, a year-on-year increase of 50%, with a market share of 8.2%, up 0.8 percentage points since the beginning of the year. Investment banking revenue grew by over 50%, solidifying its advantageous position domestically and internationally. Asset management business revenue increased by 16% year-on-year, with Huaxia Fund maintaining its leading position. The company’s leadership status is solid, with profitability far exceeding the industry average, stable operations, and rankings at the forefront of various businesses, warranting a certain valuation premium. Maintain a “Buy” rating.

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