Significant growth in investment business! CICC's Q1 revenue increased by 47.69% year-on-year, and net profit rose by 64.85% year-on-year | Financial Report Insights

CICC's revenue and profit both saw significant double-digit growth, with investment business becoming the main growth driver. Investment income and changes in fair value gains and losses increased by 84.44% year-on-year, while net income from brokerage fees also significantly boosted performance, growing by 56.3% year-on-year.

On April 28, CICC announced its Q1 2025 performance report, with the following key points:

• Revenue: Q1 operating income was 5.721 billion yuan, a year-on-year increase of 47.69%.

• Net profit attributable to shareholders: Q1 net profit attributable to shareholders was 2.042 billion yuan, a year-on-year increase of 64.85%.

• Basic earnings per share: Q1 basic earnings per share were 0.382 yuan, a year-on-year increase of 71.55%.

Significant Growth in Investment and Brokerage Businesses

CICC's financial report shows that the company achieved double growth in revenue and profit, with growth rates far exceeding market expectations. During the period, the company achieved a year-on-year revenue growth of 47.69% to 5.721 billion yuan, and a year-on-year net profit attributable to shareholders growth of 64.85% to 2.042 billion yuan. This impressive performance is mainly attributed to the net income generated from financial instrument investments and the strong growth in net commission income.

Notably, the company's investment income and changes in fair value gains and losses reached 3.407 billion yuan, a substantial year-on-year increase of 84.44%, becoming the largest driver of performance growth. This reflects the company's professional capabilities in seizing market opportunities and managing risks.

The brokerage business also performed remarkably, with net income from brokerage fees reaching 1.298 billion yuan, a year-on-year increase of 56.3%, indicating a significant increase in market trading activity. Meanwhile, net income from investment banking fees was 403 million yuan, and net income from asset management fees was 308 million yuan, with year-on-year changes of -10.47% and 15.24%, respectively.

Additionally, as of the end of Q1 2025, CICC's total assets reached 673.201 billion yuan, a slight decrease of 0.22% from the beginning of the year; the total equity attributable to shareholders was 117.153 billion yuan, an increase of 1.57% from the beginning of the year. In terms of risk management indicators, the company's net capital was 47.525 billion yuan, a decrease of 3.86% from the end of the year, but the risk coverage ratio reached 219.10%, an increase of 30.56 percentage points from the end of the year’s 188.54%.

At the same time, the liquidity coverage ratio improved from 224.00% to 371.61%, and the net stable funding ratio increased from 137.25% to 149.40%. It is worth mentioning that the company's credit impairment losses decreased by 58.53% year-on-year, from 298 million yuan in Q1 2024 to 124 million yuan