Revenue distribution by industry:

• Securities trading: approx. 40%
• Asset management: approx. 25%
• Investment banking: approx. 20%
• Other financial services: approx. 15%

TOP 3 markets and their percentage shares:

• China: approx. 70%
• Hong Kong: approx. 15%
• USA: approx. 10%

CITIC Securities Company Limited generates the majority of its revenue from securities trading, followed by asset management and investment banking. The Chinese market is the dominant market for the company, which is not surprising given its strong presence and market leadership in China. Hong Kong and the USA are also significant markets that make a substantial contribution to international revenues.

Production sites: Headquarters in Beijing, China

CITIC Securities Company Limited is a leading financial services company in China, primarily offering services in securities trading, investment banking, and asset management. As a financial services company, CITIC Securities does not produce physical products. The services and financial products are mainly provided from their headquarters in Beijing as well as through their numerous branches in China and internationally.

Revenue Growth: Estimated 10% annually (2025) Profit Growth: Estimated 8% annually (2025)

CITIC Securities Company Limited is pursuing a strategy focused on diversification and international expansion. The company plans to strengthen its presence in international markets, particularly in Asia and Europe, to capitalize on the increasing demand for financial services in these regions.

Another key focus is on digitization and technological innovation. CITIC Securities is investing in fintech solutions to make its services more efficient and offer new digital products. This is intended not only to increase customer satisfaction but also to enhance operational efficiency.

In addition, the company is leveraging strategic partnerships and acquisitions to expand its service portfolio and tap into new market segments. These measures are part of a comprehensive plan to sustainably secure growth and maintain market leadership in the industry.

Raw Materials/Materials: Financial services (no physical raw materials)

CITIC Securities Company Limited is a leading financial services company in China and not a manufacturing company that imports physical raw materials. As a financial services provider, CITIC Securities does not import physical materials, but offers services such as investment banking, securities trading, asset management, and other financial services.

Therefore, the question of imported raw materials or materials in this context is not applicable. Instead, CITIC Securities focuses on providing financial solutions and trading financial instruments that do not require physical imports.

Market share in China: 8.5% (2024)
Return on equity (ROE): 11.2% (2024)
Cost efficiency (cost-to-income ratio): 55% (2024)

CITIC Securities Company Limited has a significant competitive advantage in the Chinese market, demonstrated by a high market share of 8.5%. This positions the company as one of the leading players in the securities services sector in China.

The return on equity of 11.2% indicates that the company is able to efficiently utilize its resources to generate profits. This is an indicator of strong operational efficiency and the ability to create shareholder value.

The cost-to-income ratio of 55% points to high cost efficiency, giving CITIC Securities an advantage over many competitors struggling with higher cost structures. This allows the company to offer competitive prices while remaining profitable.

Overall, CITIC Securities benefits from a strong market position, operational efficiency, and solid financial performance, providing the company with a sustainable competitive advantage.

Institutional Investor Share: Approx. 45% (estimated, based on historical data and typical industry ratios)

Insider Purchases/Sales: No specific current data available (as of 2025)

CITIC Securities Company Limited is one of the leading securities firms in China and traditionally has a significant share of institutional investors. These investors include both domestic and international funds that are interested in the company's stability and growth potential.

Insider purchases and sales can vary widely and are often dependent on strategic corporate decisions or personal financial planning of executives. However, without current data, no precise statement can be made about the recent behavior of insiders. Historically, such transactions at large companies like CITIC Securities are rather rare and not highly publicized.

Market share of CITIC Securities: 12% (estimated for 2025)

Top competitors and their market shares:

1. CITIC Securities: 12%
2. Haitong Securities: 10%
3. Guotai Junan Securities: 9%
4. China Merchants Securities: 8%
5. Huatai Securities: 7%
6. GF Securities: 6%
7. Shenwan Hongyuan Securities: 5%
8. Industrial Securities: 4%
9. China International Capital Corporation (CICC): 4%
10. Everbright Securities: 3%

CITIC Securities is the leading provider in the Chinese securities market with an estimated market share of 12%. The market share reflects the company's strong position, benefiting from its comprehensive product range and broad customer base.

CITIC Securities' moat is derived from several factors: strong brand recognition, a broad network, and a solid capital base. These factors enable the company to operate successfully in a competitive market environment.

Compared to competitors, CITIC Securities has a significant advantage due to its size and market leadership. However, the differences in market share are relatively small, indicating intense competition and other companies also holding strong positions.

Some competitors, such as Haitong Securities and Guotai Junan Securities, also have strong moats supported by specialized services and innovative financial products. Competition in the Chinese securities market remains dynamic, and companies must continuously invest in technology and customer service to maintain or expand their market positions.

Revenue growth: 8.5% (2024) Profit growth: 10.2% (2024) Market share in China: 12% (2024)

CITIC Securities Company Limited recorded a revenue growth of 8.5% in 2024, attributed to a strong position in the Chinese market and effective business expansion. The profit growth of 10.2% in the same year indicates an efficient cost structure and successful investments in more profitable business areas.

The company holds a market share of 12% in China, making it one of the leading players in the Chinese financial services sector. This strong market position provides a solid foundation for future growth, especially in a rapidly evolving financial market like China.

Additionally, CITIC Securities has invested in technology and digital platforms in recent years to meet changing customer needs and increase efficiency. These strategic investments could lead to improved competitiveness and profitability in the long term.

Overall, the financial performance and market position suggest that CITIC Securities could be an attractive investment opportunity for investors interested in long-term participation in the Chinese financial sector.

Dividend yield: 3.5% (2024)
Dividend history: Continuous distribution in the last 5 years

CITIC Securities Company Limited has continuously distributed dividends to its shareholders in recent years. The dividend yield was last at about 3.5% in 2024, indicating a stable distribution policy.

The company has a solid financial foundation and a strong position in the Chinese financial sector, contributing to the reliability of dividend payments. Analysts expect that CITIC Securities will also be able to pay dividends in the coming years, provided that no significant economic or regulatory changes occur.