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

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HK:3908

China International Capital

(OTC:3908)

Rating:74Outperform
Price Target:
HK$23.00
▲(15.23%Upside)
The overall stock score of 74 reflects strong technical momentum and reasonable valuation, with solid underlying financial performance. The primary risks include overbought technical indicators and leverage concerns. Continued revenue growth and debt management are crucial for sustaining long-term financial health.
Positive Factors
Investment Banking Strength
A strong investment banking franchise is seen as a key competitive edge, with strong corporate relationships and institutional distribution capabilities contributing to long-term outperformance.
Management Optimism
Management expressed strong optimism on the HK market and guided for increased leverage to capture rising demand.
Market Positioning
The company is well-positioned to capture the offshore market recovery due to its core advantage in offshore capability, with expectations of strong fee performance from a robust IPO pipeline and elevated daily trading volumes.
Negative Factors
Cost Management
Trimmed FY25F/26F earnings forecasts by 7%/5% to reflect higher staff costs, even though other indicators show strength.
Earnings Forecasts
Earnings forecasts for the next two fiscal years are trimmed to reflect higher staff costs, although significant earnings growth is still anticipated.

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

China International Capital Business Overview & Revenue Model

Company DescriptionChina International Capital Corporation Limited provides financial services in Mainland China and internationally. The company operates through six segments: Investment Banking; Equities; Fixed Income, Commodities, and Currencies (FICC); Asset Management; Private Equity; and Wealth Management. The Investment Banking segment provides investment banking services, including equity financing, debt, and structured financing and financial advisory services. The Equity segment offers investment research, sales, trading, and products and cross-border services, including institutional trading and capital services, such as primary brokerage, over-the-counter derivatives, capital introduction, and market-making transactions. The FICC segment provides fixed-income products, such as interest rate, credit, and structured products, as well as on overseas exchange and commodities. The Asset Management segment engages in the social security and annuity investment management, institutional entrusted investment management, overseas asset management, retail and mutual fund businesses, etc. The Private Equity segment provides corporate equity funds, fund of funds, dollar funds, real estate funds, infrastructure funds, etc. The Wealth Management segment offers wealth transactional, capital, and product configuration services. The company serves domestic and overseas investors, and corporations and institutional clients, as well as retail clients, families, and corporate clients. China International Capital Corporation Limited was incorporated in 1995 and is headquartered in Beijing, the People's Republic of China.
How the Company Makes MoneyCICC generates its revenue through various streams, primarily revolving around its core services. The investment banking segment contributes significantly through activities such as underwriting, mergers and acquisitions advisory, and capital markets services. The equities and fixed income divisions earn revenue via trading and brokerage fees. Furthermore, CICC's wealth and asset management units generate income through management fees and investment advisory services. The firm's strategic partnerships and joint ventures, both domestic and international, also play a critical role in enhancing its revenue streams by leveraging cooperative opportunities and expanding market reach.

China International Capital Financial Statement Overview

Summary
China International Capital exhibits strong financial management with high profitability and a solid equity base. Despite challenges from revenue decline and leverage, the company maintains 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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue19.63B33.02B36.82B41.46B34.42B
Gross Profit20.71B21.49B23.54B26.01B21.82B
EBITDA15.62B19.33B19.88B22.43B16.43B
Net Income5.69B6.16B7.60B10.78B7.21B
Balance Sheet
Total Assets674.72B624.31B648.76B649.80B521.62B
Cash, Cash Equivalents and Short-Term Investments440.23B72.14B438.80B427.06B342.80B
Total Debt304.31B280.33B276.96B253.36B215.33B
Total Liabilities559.09B519.41B549.29B565.06B449.81B
Stockholders Equity115.35B104.60B99.19B84.42B71.63B
Cash Flow
Free Cash Flow40.93B-3.88B56.37B808.99M-34.20B
Operating Cash Flow41.87B-2.42B57.96B1.87B-33.74B
Investing Cash Flow-24.31B2.08B-23.44B-7.33B-8.06B
Financing Cash Flow-8.40B-13.71B-15.13B25.52B65.99B

China International Capital Technical Analysis

Technical Analysis Sentiment
Positive
Last Price19.96
Price Trends
50DMA
17.46
Positive
100DMA
15.95
Positive
200DMA
14.82
Positive
Market Momentum
MACD
1.06
Positive
RSI
55.49
Neutral
STOCH
56.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3908, the sentiment is Positive. The current price of 19.96 is above the 20-day moving average (MA) of 19.75, above the 50-day MA of 17.46, and above the 200-day MA of 14.82, indicating a bullish trend. The MACD of 1.06 indicates Positive momentum. The RSI at 55.49 is Neutral, neither overbought nor oversold. The STOCH value of 56.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3908.

China International Capital Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$153.53B13.765.84%0.98%-9.55%24.91%
67
Neutral
$17.78B11.609.11%3.88%10.92%-3.96%
$58.00B8.44%2.08%
$24.20B7.539.25%9.77%
€18.48B12.288.73%0.17%
€22.00B10.3310.44%0.20%
€2.80B37.7042.24%2.45%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3908
China International Capital
19.96
11.42
133.67%
CIIHF
CITIC Securities Co
3.47
2.03
140.97%
HUATF
Huatai Securities Co
1.70
0.51
42.86%
DE:195H
China Merchants Securities Co., Ltd. Class H
1.78
1.10
161.76%
DE:CS0
CSC Financial Co., Ltd. Class H
1.35
0.73
117.74%
DE:0BX
Bright Smart Securities & Commodities Group Limited
1.60
1.42
788.89%

China International Capital Corporate Events

CICC Wealth Management Reports Strong H1 2025 Financial Performance
Jul 18, 2025

China International Capital Corporation Limited announced the key financial data for its subsidiary, China CICC Wealth Management Securities Company Limited, for the first half of 2025. The subsidiary reported total assets of RMB193.37 billion and net assets of RMB20.20 billion. It achieved an operating revenue of RMB3.82 billion, with a net profit of RMB987.44 million. This financial performance reflects the company’s robust operational capabilities and positions it strongly within the financial services sector.

The most recent analyst rating on (HK:3908) stock is a Buy with a HK$25.00 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.

China International Capital Projects Over 50% Profit Surge in H1 2025
Jul 14, 2025

China International Capital Corporation Limited has announced an estimated net profit increase of over 50% for the first half of 2025, with expected profits ranging from RMB3,453 million to RMB3,966 million. This growth is attributed to a significant upturn in capital market activities and increased global interest in Chinese assets, driving revenue growth across key business segments.

The most recent analyst rating on (HK:3908) stock is a Buy with a HK$10.60 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.

China International Capital Corporation Announces AGM Results and Dividend Distribution
Jun 27, 2025

China International Capital Corporation Limited announced the successful passage of resolutions at its 2024 Annual General Meeting, which included the distribution of the 2024 final dividend. The meeting saw participation from shareholders holding a significant portion of the company’s shares, with voting conducted both onsite and online. The event underscores the company’s commitment to shareholder engagement and adherence to regulatory compliance, reflecting its robust governance practices.

The most recent analyst rating on (HK:3908) stock is a Buy with a HK$10.60 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.

China International Capital Updates Final Dividend for 2024
Jun 27, 2025

China International Capital Corporation Limited announced an update to its final dividend for the year ended December 31, 2024. The dividend, approved on June 27, 2025, is set at RMB 0.9 per 10 shares, with a corresponding payment in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.095242. The ex-dividend date is July 2, 2025, with payment scheduled for August 22, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may impact investor sentiment positively.

The most recent analyst rating on (HK:3908) stock is a Buy with a HK$10.60 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.

China International Capital Updates Final Dividend Details for 2024
Jun 6, 2025

China International Capital Corporation Limited announced an update regarding its final cash dividend for the year ending December 31, 2024. The dividend is set at RMB 0.9 per 10 shares, with shareholders’ approval scheduled for June 27, 2025, and payment on August 22, 2025. The announcement includes details about the ex-dividend date, record date, and withholding tax rates applicable to different shareholder categories, reflecting the company’s commitment to providing returns to its investors and maintaining transparency in its financial operations.

The most recent analyst rating on (HK:3908) stock is a Buy with a HK$17.30 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.

China International Capital Corporation Announces 2025 AGM Agenda
Jun 6, 2025

China International Capital Corporation Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 27, 2025, in Beijing. The meeting will address several key resolutions, including the approval of the 2024 work reports from the Board of Directors and the Supervisory Committee, the 2024 annual report, and the profit distribution plan. Additionally, the AGM will consider the appointment of accounting firms for 2025 and the estimation of related party transactions. The meeting’s outcomes could impact the company’s operational strategies and stakeholder relationships.

The most recent analyst rating on (HK:3908) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on China International Capital stock, see the HK:3908 Stock Forecast page.

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: Jul 22, 2025