CITIC Pacific ( (CTPCY) ) has released its Q4 earnings. Here is a breakdown of the information CITIC Pacific presented to its investors.
CITIC Securities Company Limited, a leading Chinese securities firm, operates in the financial services sector, offering a wide range of services including brokerage, investment banking, and asset management. The company is known for its comprehensive service offerings and significant presence both domestically and internationally.
CITIC Securities recently announced its audited financial results for the year ending December 31, 2024, highlighting a year of robust financial performance and strategic advancements. The company reported an operating revenue of RMB63.789 billion, marking a 6.20% increase from the previous year, and a net profit attributable to shareholders of RMB21.704 billion, up by 10.06%. Total assets reached RMB1.71 trillion, reflecting a 17.71% increase.
Key financial metrics indicate stability and growth, with the company’s revenue structure becoming more balanced across domestic and international markets. The company has also made significant strides in its international business, contributing 17.2% to overall revenue. Notably, CITIC Securities has expanded its presence in Southeast Asia, India, and Japan, while also enhancing its capabilities in investment banking and brokerage services outside Hong Kong.
Looking ahead, CITIC Securities is poised to continue its strategic focus on international expansion and digital transformation. The company aims to strengthen its position as a leading investment bank for Chinese companies going overseas and for international investors entering China, leveraging its comprehensive service offerings and robust risk management framework.