CITIC Securities Reports Strong 2024 Financial Results

CITIC ( (CTPCF) ) has released its Q4 earnings. Here is a breakdown of the information CITIC presented to its investors.

CITIC Securities Company Limited is a leading Chinese securities firm, providing a wide range of financial services including brokerage, investment banking, and asset management, with a strong presence in both domestic and international markets.

CITIC Securities recently announced its annual financial results for 2024, highlighting a solid performance amidst a transforming capital market landscape. The company reported a notable increase in both revenue and net profit, reflecting its robust business model and strategic initiatives.

In 2024, CITIC Securities achieved an operating revenue of RMB63.789 billion, marking a 6.20% increase from the previous year, while net profit attributable to shareholders rose by 10.06% to RMB21.704 billion. The company’s total assets grew by 17.71% to RMB1.71 trillion. Key strategic moves included optimizing its revenue structure, enhancing compliance and risk control, and expanding its international business footprint, with significant growth in markets like Southeast Asia and Japan.

Looking ahead, CITIC Securities remains committed to leveraging its strengths in investment banking and asset management to support high-quality economic development. The company aims to enhance its global presence and continue serving as a key player in China’s financial sector, aligning with national strategies and contributing to the country’s modernization efforts.