China International Capital Corporation released its Q1 report: investment income has greatly increased, while investment bank revenue remains "weak."

Non-operating income surged by 5200%.

wallstreetcnApr 28 07:11 ET

Investment business has seen significant growth! In Q1, China International Capital Corporation's revenue grew by 47.69% year-on-year, with Net income increasing by 64.85% year-on-year | Earnings Reports Insights.

In Q1, China International Capital Corporation's revenue grew by 47.69% year-on-year, net income attributable to the parent company increased by 64.85%, and EPS rose by 71.55% compared to the previous year. Among these, investment income and changes in fair value amounted to 3.407 billion yuan, a year-on-year increase of 84.44%, becoming the main driver of the significant rise in performance this quarter. The net income from brokerage business fees was 1.298 billion yuan, reflecting a year-on-year growth of 56.3%, indicating increased market trading activity.

wallstreetcnApr 28 06:42 ET

CITIC SEC's Q4 Net income is 4.905 billion yuan, investment Business internationalization accelerates, plans to distribute 2.80 yuan for every 10 shares | Earnings Reports insights.

CITIC SEC reported annual revenue of 63.789 billion yuan, a year-on-year increase of 6.20%; net income attributable to shareholders was 21.704 billion yuan, a year-on-year increase of 10.06%. In the Earnings Reports, CITIC SEC stated that the trend of shortening merger and acquisition cycles in the Huaan CSI All Share Investment Banking & is expected to continue into 2025, with intensified competition among leading Brokerages and increased industry concentration.

wallstreetcnMar 26 09:48 ET

Why did Zhongjin and Silver once again become the "main characters of rumors" after the overnight announcement denying the merger?

"The truth and falsehood of 'stock swap mergers.'"

wallstreetcnFeb 26 10:30 ET

Express News | Hang Seng Index rises 1.06%, with Chinese brokerage stocks leading the advance

Moomoo 24/7Nov 28, 2024 22:39 ET

Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.

①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.

cls.cnNov 7, 2024 02:30 ET