CITIC Securities made a "whopping" 9.4 billion yuan profit! Brokerage business attracted 1.73 million "new customers."
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On the evening of March 26, CITIC Securities released its 2025 annual report.
According to the data: this brokerage giant achieved an operating revenue of 23.322 billion RMB in 2025, up 22.41% year-on-year; net profit attributable to the parent company's shareholders was 9.439 billion RMB, up 30.68% year-on-year. The company plans to distribute a cash dividend of 1.75 RMB (tax included) per 10 shares to all shareholders.
As of December 31, 2025, the Group's total assets were 676.816 billion RMB, with a year-on-year increase of as much as 20%.
This annual report contains several points worthy of investors' attention, organized by Zishitang for the readers.
Revenue Growth Across Four Major Business Segments
CITIC Securities’ annual report reveals: as of the end of 2025, the company’s operating revenue totaled 23.322 billion RMB. (As shown below)
Among them, the investment banking segment achieved a total operating revenue of 3.132 billion RMB, up 25.76% year-on-year; the wealth management segment achieved a total operating revenue of 8.221 billion RMB, up 24.37% year-on-year.
The trading and institutional client services segment achieved a total operating revenue of 9.724 billion RMB, up 20.75% year-on-year; the asset management segment achieved a total operating revenue of 1.428 billion RMB, up 13.75% year-on-year.
Multiple Indicators Show “Bull Market Performance”
In 2025, the A-share market saw significantly increased trading activity, investors were more willing to enter the market, and market sentiment notably rebounded. This macro trend provided fertile ground for the rebound in brokers’ performance. Leveraging its deep foundation in brokerage business and strong online customer acquisition capacity, CITIC Securities precisely captured this wave of market dividends.
This business prosperity, driven by both market recovery and customer growth, is clearly reflected in the company's core financial metrics. Specifically:
Net income from fees and commissions increased by 3.026 billion RMB year-on-year, up 29.84%, mainly due to increased net income from brokerage business;
Investment income and gains/losses from fair value changes increased by 923 million RMB year-on-year, up 11.88%, mainly due to increased gains from financial instrument disposal;
Net interest income increased by 309 million RMB year-on-year, up 39.35%, mainly due to higher interest income and lower interest expenses.
1.7325 Million New Brokerage Accounts Over the Year
The massive influx of new customers is the most direct reflection of CITIC Securities’ wealth management transformation results.
In 2025, the company’s brokerage business added 1.7325 million new clients accounts throughout the year. By the end of the reporting period, the total number of clients was 17.1231 million.
To translate this large client base into tangible assets under management, the company continuously enriched its range of financial products, improved its full-chain wealth management services, and focused on building professional buy-side advisor capabilities.
This strategy proved highly effective:
By the end of the reporting period, the scale of non-money market public funds under management was 143.2 billion RMB, ranking 5th in the industry; the increase in non-money market public funds under custody was 60.6 billion RMB, ranking 2nd in the industry; investment advisory services covered 1.0852 million people, up 71.95% year-on-year; the company distributed 308 public personal pension fund products, with a coverage rate of 100%. Buy-side business scale reached 11.039 billion RMB, up 189.81% year-on-year.
The rapid growth in customer assets also directly drove the expansion of credit business.
By the end of the reporting period, the company’s margin financing and securities lending balance was 85.112 billion RMB, with a market share of 3.35%; margin financing and securities lending accounts totaled 216,500, up 11.08% year-on-year; the net new credit account market share was 3.35%, up 24.96% year-on-year; the overall margin ratio for margin financing and securities lending business was 261.38%, with overall business risk under control.
New “Growth Pole”: Buy-Side Institutional Services
While deeply cultivating individual wealth management, CITIC Securities also showed strong growth in institutional services, especially in custody and operation services—the ballast of institutional business—which has become a new growth pole for the company’s performance.
By the end of the reporting period, CITIC Securities provided custody for 122 public funds, with both the scale and number of public fund custody ranking in the top 3 of the industry. The company’s total scale of asset custody and operation services was 1.4 trillion RMB, up 45.03% year-on-year. Among them, asset custody products amounted to 599.02 billion RMB, and operation service products amounted to 805.408 billion RMB, up 28.10% and 60.83% year-on-year, respectively.
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