CICC (03908) announced interim results, net profit of 8.199 billion yuan, an increase of 89.3% year-on-year

According to the Zhitong Finance App, CICC (03908) announced its 2026 interim results. Total revenue and other revenue was about 26.047 billion yuan, up 39.2% year on year; net profit attributable to shareholders of the parent company was 8.199 billion yuan, up 89.3% year on year; basic earnings per share were 1.621 yuan.

Among them, brokerage revenue was about 5.443 billion yuan, up 57.8% year on year, mainly due to the overall structural market performance of major domestic stock indexes in the first half of 2026, and the popularity of market trading further increased; by the end of the first half of 2026, the Shanghai Composite Index had risen 3.2% from the beginning of the year, the Shenzhen Stock Index had risen 19.8%, and the GEM Index had increased 35.6%; the average daily turnover of A-shares increased by 96.9% year on year; the average daily turnover of the Hong Kong stock market increased 18.0% year on year.

Investment banking revenue was approximately $3,028 billion, an increase of 76.6% over the previous year; investment banking revenue included income from equity financing underwriting and sponsorship, debt and structured finance underwriting and sponsorship revenue, and financial advisory business revenue. Among them, equity financing underwriting and sponsorship revenue was approximately $2,263 million, up 144.2% year on year, mainly due to increased revenue from IPO projects; debt and structured finance underwriting and sponsorship revenue was about $429 million, down 17.2% year on year, mainly due to a decrease in revenue from bond issuance such as credit bonds; and financial advisory business revenue of 336 million yuan, up 24.6% year on year, mainly due to an increase in financial advisory business revenue for non-domestic listed companies.

Revenue from the asset management business was approximately $1,899 million, up 17.6% year over year, mainly due to the increase in processing fees and commission revenue from the single asset management business and public fund management business. Asset management business income includes management fee income including asset management business, public fund business, and private equity investment fund business. In addition to asset management business revenue, the Group generates joint venture and joint venture profits through the scale of asset management managed by joint venture fund management companies.

The revenue from the investment consulting business was 415 million yuan, an increase of 48.8% over the previous year. Mainly due to the increase in demand for domestic securities investment advisory services, revenue from related investment consulting services has increased.

Handling fees and commission expenses were $1.64 billion, an increase of 64.2% over the previous year, mainly due to the increase in handling fees and commission expenses for securities brokerage operations.