CITIC Securities Co (6030) AI Stock Analysis

• Market Cap: $397.10B
• Dividend Yield: 3.67%
• Average Volume (3M): 11.64M
• Price to Earnings (P/E): 14.2
• Beta (1Y): 1.80
• Revenue Growth: 17.45%
• EPS Growth: 8.24%
• Country: HK
• Employees: 26,781
• Sector: Financial
• Sector Strength: 79
• Industry: Financial - Capital Markets
• EPS (TTM): 0.46
• Shares Outstanding: 2,620,077,000
• 10 Day Avg. Volume: 13,360,564
• 30 Day Avg. Volume: 11,641,016
• PEG Ratio: -0.61
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $31.32
• Price Target Upside: 40.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: ―

CITIC Securities Co's overall stock score is driven by strong financial performance with consistent revenue and profit growth, robust balance sheet, and positive cash flow trends. The technical analysis presents mixed signals, with some indicators suggesting caution. The valuation is reasonable, with a moderate P/E ratio and a good dividend yield, supporting the score.

CITIC Securities Co Business Overview & Revenue Model

Company Description

CITIC Securities Company Limited provides various financial products and services in Mainland China and internationally. It operates through Investment Banking, Brokerage, Trading, Asset Management, and Others segments. The company offers investment banking services, including equity and debt financing, as well as fundraising and financial advisory services to a range of enterprises and other institutional clients. It is also involved in the broking of securities and futures; distribution of financial products; and trading and market-making of equity products, fixed income products and derivatives, foreign exchange, margin financing and securities lending, alternative investment, and commodities business. In addition, the company offers asset management services, such as collective asset management, specialized asset management, separately managed account, fund management, and other investment accounts management; private equity investment and other services; and custody and research services. Further, it provides institutional brokerage, investment advisory and management, investment consultancy, fiduciary management, fund, real estate, business training, and financial products and securities investment services. Additionally, the company offers finance outsourcing, bond issuance, offshore portfolio hedge and investment fund, fund distribution, leveraged foreign exchange and other transactions, investment with self-owned capital, cash transactions, property management and leasing, and other services. It also engages in information technology development, technical consulting, research and development of financial products, portfolio design, and consulting activities. CITIC Securities Company Limited was incorporated in 1995 and is based in Beijing, the People's Republic of China.

How the Company Makes Money

CITIC Securities generates revenue through multiple key streams. The primary source of income is its securities brokerage services, where the company earns commissions from facilitating trades for clients in equities, fixed income, and derivatives. Investment banking services also contribute significantly to its earnings, with the company earning fees from underwriting, advisory, and consultancy services for mergers and acquisitions, restructurings, and public offerings. Additionally, CITIC Securities earns management fees and performance fees from its asset management services, which include mutual funds, private equity, and hedge funds. Wealth management services further enhance its revenue, as the company offers customized financial planning and investment advisory services. Strategic partnerships and affiliations within the CITIC Group enable the company to expand its service offerings and client reach, further bolstering its revenue streams.

CITIC Securities Co Financial Statement Overview

Summary

CITIC Securities Co exhibits solid financial health with consistent revenue and profit growth, supported by a robust balance sheet and positive cash flow trends. Despite the absence of some detailed data like EBIT, EBITDA, and comprehensive cash flow components, the overall financial metrics reflect strong financial performance.

Income Statement

CITIC Securities Co has shown consistent revenue growth, with total revenue increasing from 2019 to 2024, except for a slight dip in 2022. The net profit margin has remained strong, illustrating effective cost management and profitability. However, the absence of EBIT and EBITDA data limits a full assessment of operational efficiency.

Balance Sheet

The balance sheet reflects a robust financial position with significant growth in stockholders' equity and total assets over the years. The company maintains no debt as of 2024, enhancing financial stability. However, the equity ratio has slightly declined due to the rapid increase in total assets, indicating a growing reliance on liabilities.

Cash Flow

Operating cash flow has demonstrated growth, with a strong increase in free cash flow in 2024, indicating effective management of cash operations. The cash flow from operations exceeds net income, suggesting efficient cash conversion. However, the lack of consistent data on capital expenditures and investing activities constrains a comprehensive analysis.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
37.99B	63.68B	59.43B	64.44B	75.60B	53.80B
	Gross Profit
37.99B	63.68B	59.43B	64.44B	75.60B	53.80B
	EBIT
13.15B	27.43B	―	43.32B	30.99B	19.86B
	EBITDA
0.00	―	―	―	―	―
	Net Income Common Stockholders
10.05B	21.70B	19.72B	21.32B	23.10B	14.90B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
229.39B	638.80B	529.72B	534.26B	504.37B	411.25B
	Total Assets
673.34B	1.71T	1.45T	1.31T	1.28T	1.05T
	Total Debt
148.64B	0.00	265.34B	180.93B	256.32B	202.04B
	Net Debt
-80.76B	―	―	-353.33B	-248.05B	-209.20B
	Total Liabilities
511.65B	1.41T	1.18T	1.05T	1.06T	867.08B
	Stockholders Equity
157.92B	293.11B	268.84B	253.12B	209.17B	181.71B
Cash Flow		Free Cash Flow
6.44B	171.27B	―	77.22B	27.74B	101.22B
	Operating Cash Flow
6.75B	172.56B	―	78.52B	28.46B	101.83B
	Investing Cash Flow
20.56B	―	-18.20B	―	―	―
	Financing Cash Flow
24.31B	―	48.28B	―	9.71B	12.00B

CITIC Securities Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6030, the sentiment is Positive. The current price of 22.35 is above the 20-day moving average (MA) of 20.26, above the 50-day MA of 19.71, and above the 200-day MA of 19.91, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 70.82 is Negative, neither overbought nor oversold. The STOCH value of 88.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6030.

CITIC Securities Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6030	74 Outperform	$397.10B	14.19	8.44%	3.67%	17.45%	8.24%
Sector *	64 Neutral	$12.85B	9.81	7.79%	78.20%	12.23%	-7.93%
CNICF		$17.61B	6.87	5.84%	1.97%	―	―
HUATF		$20.14B	7.53	9.25%	38.63%	―	―
195H		€16.73B	9.38	8.73%	3.37%	―	―
CS0		€19.60B	7.73	10.44%	4.38%	―	―
2611	72 Outperform	HK$324.88B	7.76	8.14%	5.22%	7.73%	38.15%

CITIC Securities Co Corporate Events

CITIC Securities Announces Key Leadership Changes and Compliance Waiver

CITIC Securities Co. has announced a change in its company secretary and authorized representative roles, effective April 29, 2025. Ms. Yang Youyan has resigned, and Mr. Wang Junfeng and Ms. Yu Hiu Kwan, Hilda, have been appointed as joint company secretaries, with Mr. Wang also serving as the authorized representative. The company has received a waiver from the Hong Kong Stock Exchange for Mr. Wang’s lack of formal qualifications, allowing him to serve in this capacity for three years. This strategic move is expected to strengthen the company’s governance framework and maintain compliance with listing rules, potentially impacting its operational efficiency and stakeholder confidence.

CITIC Securities Reports Strong Q1 2025 Financial Results

CITIC Securities Co. has announced its unaudited financial results for the first quarter of 2025, reporting an operating revenue of RMB17.76 billion and a net profit attributable to owners of RMB6.54 billion. The report, prepared in accordance with PRC GAAP, highlights the company’s strong financial performance and adherence to regulatory disclosure requirements, reinforcing its position in the financial market.

CITIC Securities to Review Q1 Financial Results

CITIC Securities Co has announced that its Board of Directors will convene on April 29, 2025, to review and approve the unaudited financial results for the first quarter ending March 31, 2025. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the year.

CITIC Securities Projects 32% Profit Growth in Q1 2025

CITIC Securities Co has announced an estimated net profit of approximately RMB6.545 billion for the first quarter of 2025, marking a 32% increase from the previous year. This growth is attributed to the company’s focus on expanding its market presence and enhancing its financial service capabilities, particularly in wealth management and investment transactions.

CITIC Securities Announces 2024 Annual Results with Strong Dividend Payout

CITIC Securities Co. has announced its audited annual results for the year ending December 31, 2024, with a commitment to transparency and accuracy in its reporting. The company plans to distribute a total cash dividend of RMB5.20 per 10 shares, reflecting its robust financial performance and commitment to shareholder returns. The announcement underscores CITIC Securities’ strong operational standards, as evidenced by the unqualified auditor’s reports from KPMG, and highlights its adherence to regulatory requirements and governance standards.

CITIC Securities Declares Final Dividend for 2024

CITIC Securities Company Limited has announced a final cash dividend of RMB 2.8 per 10 shares for the financial year ending December 31, 2024. The payment date for this dividend is set for August 31, 2025, with further details regarding the Hong Kong dollar equivalent and other specifics to be announced. This announcement reflects the company’s continued commitment to returning value to its shareholders and may influence investor sentiment positively.

CITIC Securities to Announce 2024 Annual Results with Investor Webcast

CITIC Securities Co has announced plans to release its 2024 annual results on March 26, 2025, via the HKEXnews website. To enhance investor understanding, the company will hold a webcast presentation on March 27, 2025, featuring key executives who will address common investor concerns. This initiative reflects CITIC Securities’ commitment to transparency and effective communication with stakeholders, potentially strengthening its market position and investor relations.

CITIC Securities Schedules Board Meeting to Review 2024 Financial Results

CITIC Securities Co has announced an upcoming board meeting scheduled for March 26, 2025, to review and approve the company’s audited financial results for the year ending December 31, 2024. The meeting will also consider the recommendation for a final dividend payment, which could have implications for the company’s financial strategy and shareholder returns.

CITIC Securities Appoints New Chief Information Officer

CITIC Securities Co. has announced a change in their Chief Information Officer position, with Mr. Yu Xinli appointed as the new CIO effective immediately, replacing Mr. Fang Xing. This leadership transition aims to leverage Mr. Yu’s extensive experience within the company to enhance the firm’s technological capabilities, potentially strengthening its competitive position in the financial services sector.

CITIC Securities Reports Strong Preliminary Financial Results for China AMC in 2024

CITIC Securities Co has announced preliminary financial data for its controlled subsidiary, China Asset Management Co., Ltd. (China AMC), for the year 2024. The company reported total assets of RMB20.234 billion and liabilities of RMB6.302 billion, with an operating revenue of RMB8.031 billion and net profit of RMB2.158 billion. The assets under management at the parent level amounted to RMB2,464.531 billion. These preliminary figures, which are yet to be audited, indicate a robust financial performance, underscoring China AMC’s significant role in CITIC Securities’ portfolio and its strong positioning in the asset management industry.