Changes in Hong Kong stocks | CICC (03908) rose more than 5%, net profit due to mother in the first half of the year increased by nearly 90% year-on-year, and the company's operating leverage continued to improve

The Zhitong Finance App learned that CICC (03908) rose by more than 5%. As of press release, it had risen 3.85% to HK$22.1, with a turnover of HK$274 million.

According to the news, recently, CICC announced its 2026 interim results, with total revenue and other revenue of 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. Among them, brokerage business revenue was about 5.443 billion yuan, an increase of 57.8% over the previous year. Mainly due to the overall structural performance of major domestic stock indexes in the first half of 2026, the popularity of market trading increased further.

Goldman Sachs released a research report saying that CICC's performance in the first half of the year was steady, and profits benefited from strong investment returns, balance sheet expansion, and improved capital utilization efficiency. Operating leverage continued to improve, and the annualized return on shareholders' equity (ROE) reached approximately 12.8% in the first half of the year. Goldman Sachs believes that the results confirm that the market focus is shifting to structural ROE drivers, including capital allocation driven by mergers and acquisitions, international expansion, and increased exposure to high-return Hong Kong business, rather than simply being affected by cyclical market activity.