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China International Capital Corp Ltd Class H (HK:3908)
:3908

China International Capital (3908) AI Stock Analysis

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HK:3908

China International Capital

(3908)

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Neutral 68 (OpenAI - 4o)
Rating:68Neutral
Price Target:
HK$23.00
â–²(21.31% Upside)
China International Capital's overall stock score is driven by its strong financial performance and reasonable valuation. The technical analysis suggests a neutral market sentiment. The absence of earnings call data and corporate events limits additional insights.
Positive Factors
Strong Financial Management
The company's robust financial management and solid equity base provide a durable foundation for long-term growth and stability.
Stable Margins
Stable margins indicate effective cost control and operational efficiency, supporting sustained profitability over time.
Improved Cash Flow Generation
Improved cash flow generation enhances financial flexibility, allowing for strategic investments and debt management.
Negative Factors
Revenue Decline
A decline in revenue can pressure profitability and limit growth opportunities, posing a challenge to maintaining market position.
Leverage Risk
High leverage may increase financial risk, potentially affecting the company's ability to weather economic downturns.
Cash Flow Volatility
Volatile cash flows can lead to liquidity challenges, impacting the company's ability to fund operations and investments consistently.

China International Capital (3908) vs. iShares MSCI Hong Kong ETF (EWH)

China International Capital Business Overview & Revenue Model

Company DescriptionChina International Capital Corporation Limited (CICC) is a leading investment bank in China, providing a comprehensive range of financial services including securities, asset management, investment banking, and wealth management. Established in 1995, CICC operates primarily in the sectors of investment banking and brokerage services, catering to a diverse clientele that includes corporations, financial institutions, and government agencies. The company is known for its expertise in capital markets, providing services such as underwriting, advisory, and trading across various financial instruments.
How the Company Makes MoneyCICC generates revenue through multiple streams, primarily including investment banking fees from underwriting and advisory services for mergers and acquisitions (M&A), initial public offerings (IPOs), and other capital raising activities. The company also earns commissions and fees from brokerage services provided to institutional and retail clients. Additionally, CICC has a significant asset management division that contributes to its earnings through management fees and performance fees from its investment funds. The firm's wealth management services further bolster its revenue through advisory fees and commissions on financial products sold to high-net-worth individuals. Strategic partnerships with global financial institutions and its strong presence in both domestic and international markets enhance CICC's ability to generate income and expand its client base.

China International Capital Financial Statement Overview

Summary
China International Capital shows strong financial management with high profitability and a solid equity base. Despite challenges from revenue decline and leverage, the company maintains resilience through stable margins and improved cash flow generation.
Income Statement
65
Positive
China International Capital showed mixed performance in its income statement. The gross profit margin remained high, indicating efficient cost management. However, there was a significant revenue decline from 2023 to 2024, impacting net profit margins. EBIT and EBITDA margins were relatively stable, reflecting consistent core operational performance.
Balance Sheet
72
Positive
The company's balance sheet reveals a strong equity position with an improving equity ratio, indicating a solid financial foundation. The debt-to-equity ratio is relatively high, which suggests leverage risk, but the return on equity remains robust, signaling effective use of equity to generate profits.
Cash Flow
70
Positive
Cash flow analysis displays improvements, particularly with a significant recovery in free cash flow in 2024. The operating cash flow to net income ratio indicates efficient cash generation from operations. However, historical volatility in cash flows poses potential liquidity risks.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue24.29B19.63B33.02B36.82B41.46B34.42B
Gross Profit24.29B20.71B21.49B23.54B33.19B21.82B
EBITDA3.31B15.62B19.33B19.88B22.43B16.43B
Net Income7.80B5.69B6.16B7.60B10.78B7.21B
Balance Sheet
Total Assets699.76B674.72B624.31B648.76B649.80B521.62B
Cash, Cash Equivalents and Short-Term Investments449.52B88.68K431.90B438.80B427.06B342.80B
Total Debt73.34B304.31B280.33B276.96B253.36B215.33B
Total Liabilities580.66B559.09B519.41B549.29B565.06B449.81B
Stockholders Equity118.78B115.35B104.60B99.19B84.42B71.63B
Cash Flow
Free Cash Flow39.83B40.93B-3.88B56.37B808.99M-34.20B
Operating Cash Flow40.66B41.87B-2.42B57.96B1.87B-33.74B
Investing Cash Flow-18.14B-24.31B2.08B-23.44B-7.33B-8.06B
Financing Cash Flow-12.53B-8.40B-13.71B-15.13B25.52B65.99B

China International Capital Technical Analysis

Technical Analysis Sentiment
Negative
Last Price18.96
Price Trends
50DMA
20.20
Negative
100DMA
20.53
Negative
200DMA
18.05
Positive
Market Momentum
MACD
-0.31
Negative
RSI
35.64
Neutral
STOCH
25.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3908, the sentiment is Negative. The current price of 18.96 is above the 20-day moving average (MA) of 18.96, below the 50-day MA of 20.20, and above the 200-day MA of 18.05, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 35.64 is Neutral, neither overbought nor oversold. The STOCH value of 25.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3908.

China International Capital Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
HK$154.17B10.999.41%3.88%51.04%24.56%
68
Neutral
HK$147.82B9.018.93%1.04%64.00%112.84%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
64
Neutral
HK$211.83B9.4210.50%2.99%10.82%55.25%
62
Neutral
HK$451.06B15.5410.17%2.10%62.72%29.18%
60
Neutral
HK$208.78B11.7813.03%2.81%36.57%77.14%
54
Neutral
HK$13.05B20.6343.44%4.29%11.40%11.52%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3908
China International Capital
18.96
5.96
45.80%
HK:6030
CITIC Securities Co
27.98
6.61
30.94%
HK:6886
Huatai Securities Co
19.43
6.85
54.40%
HK:6099
China Merchants Securities Co., Ltd. Class H
14.37
-0.82
-5.41%
HK:6066
CSC Financial Co., Ltd. Class H
13.04
3.27
33.42%
HK:1428
Bright Smart Securities & Commodities Group Limited
7.66
5.40
238.94%

China International Capital Corporate Events

CICC Announces Continued Trading Suspension Amid Merger Discussions
Dec 3, 2025

China International Capital Corporation Limited has announced a continued suspension of trading for its H shares and certain notes due to pending regulatory approvals related to proposed mergers. The trading halt, which began on November 20, 2025, will remain in effect until compliance requirements are confirmed. The company is in discussions with Dongxing Securities and Cinda Securities regarding potential mergers, but there is no assurance these will materialize. Stakeholders are advised to exercise caution in dealing with the company’s securities.

China International Capital Corporation Announces Continued Trading Suspension Amid Proposed Mergers
Nov 26, 2025

China International Capital Corporation Limited has announced a continued suspension of trading for its H shares and certain notes, following a trading halt initiated on November 20, 2025. This suspension is pending regulatory approval for proposed mergers with Dongxing Securities and Cinda Securities. The company has cautioned shareholders and potential investors about the uncertainty of these mergers materializing, advising them to exercise caution when dealing with the company’s securities.

China International Capital Corporation Announces Trading Halt Amid Merger Plans
Nov 19, 2025

China International Capital Corporation Limited has announced a trading halt on its H shares and several notes listed on the Hong Kong Stock Exchange. This decision follows the signing of a legally binding cooperation agreement with Dongxing Securities and Cinda Securities to implement mergers through absorption and share exchanges. The proposed mergers, which are subject to regulatory approvals, aim to consolidate the companies with China International Capital Corporation as the surviving entity. The trading halt is in place pending compliance confirmations and further announcements.

China International Capital Enhances Audit Committee Governance
Oct 31, 2025

China International Capital Corporation Limited has updated the terms of reference for its Audit Committee to enhance decision-making and operational efficiency. The new rules align with relevant Chinese laws and international regulations, ensuring robust governance and oversight of financial reporting and auditing processes. This move is expected to strengthen the company’s internal controls and transparency, potentially boosting stakeholder confidence.

China International Capital Corporation Enhances Remuneration Committee Framework
Oct 31, 2025

China International Capital Corporation Limited has outlined the terms of reference for its Remuneration Committee, aiming to enhance decision-making efficiency and standardize procedures. The committee is tasked with developing competitive remuneration policies, conducting performance evaluations, and making recommendations on remuneration packages for directors and senior management, aligning with industry standards and company goals.

China International Capital Enhances Governance Committee Framework
Oct 31, 2025

China International Capital Corporation Limited has updated the terms of reference for its Nomination and Corporate Governance Committee to enhance decision-making efficiency and governance standards. The committee, comprising mainly independent directors, will focus on reviewing the board’s structure and diversity, assessing director independence, and advising on director and senior management appointments, which could strengthen the company’s governance and strategic alignment.

China International Capital Corporation Enhances Strategic and ESG Oversight
Oct 31, 2025

China International Capital Corporation Limited has established a Strategy and ESG Committee to enhance its decision-making processes and efficiency. This committee will focus on the company’s development strategies, major reforms, and ESG governance, including aligning with national goals for carbon neutrality, thereby potentially strengthening the company’s market position and stakeholder relations.

China International Capital Enhances Risk Management Framework
Oct 31, 2025

China International Capital Corporation Limited has updated the terms of reference for its Risk Management Committee to enhance decision-making and operational efficiency. The committee will focus on reviewing compliance and risk management policies, evaluating risk levels, and ensuring adequate resource allocation, which is expected to strengthen the company’s governance and risk management framework.

China International Capital Updates Shareholder Meeting Procedures
Oct 31, 2025

China International Capital Corporation Limited has updated its rules of procedures for shareholders’ meetings to ensure efficient decision-making and enhance corporate governance. These rules, aligned with relevant Chinese laws and stock exchange regulations, aim to facilitate lawful exercise of shareholder rights and proper conduct of meetings, impacting the company’s governance and stakeholder engagement positively.

China International Capital Corporation Enhances Board Governance
Oct 31, 2025

China International Capital Corporation Limited has outlined new rules of procedures for its board of directors to ensure effective governance and decision-making. These rules are designed to enhance corporate governance by specifying the composition, functions, and powers of the board, including the roles of the chairman and vice chairman. The announcement is expected to strengthen the company’s operational efficiency and align its governance practices with relevant laws and regulations, potentially impacting its market positioning and stakeholder relations positively.

China International Capital Announces Key Decisions from 2025 EGM
Oct 31, 2025

China International Capital Corporation Limited announced the results of its 2025 First Extraordinary General Meeting, where all proposed resolutions were passed. Key decisions included the distribution of an interim dividend, cancellation of the supervisory committee, amendments to the articles of association, and the election of a new employee director and vice chairman of the board. These changes are expected to impact the company’s governance structure and strategic direction.

China International Capital Updates Interim Dividend for 2025
Oct 31, 2025

China International Capital Corporation Limited has announced an updated interim dividend for the six months ending June 30, 2025, with a declared dividend of RMB 0.9 per 10 shares. The update includes the dividend amount in HKD and the exchange rate, with payments scheduled for December 29, 2025. This announcement reflects the company’s commitment to returning value to shareholders and may impact investor sentiment and market positioning.

China International Capital Corporation Announces Board Composition and Roles
Oct 31, 2025

China International Capital Corporation Limited has announced the composition and roles of its board of directors and various board committees. This announcement outlines the leadership structure, highlighting the strategic roles of key members, which is crucial for stakeholders to understand the governance and decision-making processes within the company.

China International Capital Reports Strong Q3 2025 Financial Results
Oct 29, 2025

China International Capital Corporation Limited announced its unaudited financial results for the nine months ending September 30, 2025. The company reported an operating revenue of RMB20.76 billion and a profit attributable to shareholders of RMB6.57 billion. The financial statements were prepared in accordance with Chinese Accounting Standards for Business Enterprises and have not been audited. The announcement underscores the company’s financial performance and adherence to regulatory disclosure requirements, providing stakeholders with insights into its operational health.

China International Capital Corporation Schedules Board Meeting for Financial Results
Oct 17, 2025

China International Capital Corporation Limited has announced a board meeting scheduled for October 29, 2025, to discuss and approve the publication of its financial results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder confidence.

China International Capital Announces 2025 First Extraordinary General Meeting
Oct 15, 2025

China International Capital Corporation Limited has announced its 2025 First Extraordinary General Meeting (EGM) to be held on October 31, 2025, in Beijing. Key agenda items include the cancellation of the Supervisory Committee, amendments to the Articles of Association, and the approval of the 2025 interim profit distribution plan. The company plans to distribute a total cash dividend of RMB434,453,118.12 to shareholders. These resolutions aim to streamline governance and enhance shareholder value, reflecting the company’s strategic focus on operational efficiency and financial performance.

China International Capital Updates Interim Dividend Details
Oct 15, 2025

China International Capital Corporation Limited announced an update to its interim dividend for the six months ended June 30, 2025. The dividend declared is RMB 0.9 per 10 shares, with the payment date set for December 29, 2025. The announcement includes details on shareholder approval, ex-dividend date, and withholding tax rates for different categories of shareholders, reflecting the company’s ongoing commitment to shareholder returns and its strategic financial management.

China International Capital Corporation Proposes Governance Structure Amendments
Oct 13, 2025

China International Capital Corporation Limited announced proposed amendments to its Articles of Association, aiming to streamline its governance structure by replacing the Supervisory Committee with the Audit Committee of the Board of Directors. This change, pending approval at the Shareholders’ General Meeting, reflects the company’s efforts to align with regulatory requirements and enhance corporate governance, potentially impacting its operational efficiency and stakeholder relations.

China International Capital Announces H Share Register Closure for 2025 EGM
Oct 10, 2025

China International Capital Corporation Limited has announced the closure of its H share register of members from October 27 to October 31, 2025, to determine the entitlement of H share holders to attend its 2025 First Extraordinary General Meeting on October 31, 2025. This move is significant for stakeholders as it outlines the procedural requirements for participation in the meeting, which could impact shareholder decisions and company governance.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 01, 2025