Hong Kong, 19 March 2020 – CITIC Securities Company Limited (“CITIC Securities” or “the Company”; 600030.SH, 6030.HK) announced today its annual results for the year ending 31 December 2019. Based on China Accounting Standards for Business Enterprises, the Company reported RMB 43.140 billion in revenue. Net profit attributable to owners of the parent company was RMB 12.229 billion. Earnings per share were RMB 1.01. In 2019, CITIC Securities continued to be the top-ranked securities company in China in terms of revenue and net profit, and maintained its market-leading position across its various business lines.
In 2019, the Company adhered to the principle of “implementing the national strategies and serving the real economy”, progressively developed various business lines and sustained stronger core competitiveness. The Company maintained its leading position across its business lines. The Company’s domestic equity underwriting amount was RMB 279.8 billion with a market share of 18.16%, the highest in the industry. The Company’s bond underwriting amount was RMB 1,001.53 billion with a market share of 13.18%, also the highest in the industry. The size of A-share material assets restructuring transactions completed by the Company’s financial advisory services amounted to approximately RMB 163.3 billion and ranked the first in the industry. The domestic trading turnover of equity funds handled by the Company and CITIC Securities (Shandong) was RMB 15.5 trillion, distribution of financial products amounted to RMB 778.3 billion. The AUM entrusted in the Company was RMB 1.39 trillion, of which the portion attributable to active management was RMB 698.3 billion. The Company ranked the highest in the industry, in both the total sales of interest rate products and the trading volume in Bond Connect.
As a Chinese securities company with the largest number of domestic institutions, sales channels, and clearing and settlement facilities in the Belt and Road region, the Company strives to support the country’s implementation of key national strategies. The Company fully leveraged its strengths to further integrate the business and management of its overseas platform, implement global integrated vertical management, and serve Chinese clients who seek to go global, as well as inbound overseas customers. The Company acquired a 100% equity of Guangzhou Securities by issuing shares and rebranded the business as CITIC Securities South China Company Limited. The acquisition is expected to enhance the Company’s service capabilities in South China, and better serve the country’s strategic development of the Guangdong-Hong Kong-Macao Greater Bay Area Initiative. In addition, the Company is committed to serving the development of the real economy, through its support in initiatives including supply-side structural reforms, and active promotion in the listings on the Science and Technology Innovation Board.
Mr. ZHANG Youjun, Chairman of CITIC Securities, said, “In the past year, we prioritised the serving of the real economy, and made great efforts in actively promoting each of our core businesses, and at the same time pushed ahead with the transformation of our wealth management business. While focusing on development our businesses, we also fulfilled our corporate responsibilities by further supporting the targeted measures in poverty alleviation. 2020 marks the 25th anniversary of the Company’s founding. Thanks to the unremitting efforts by people at CITIC Securities, the company has grown with strength, acquired valuable assets in its brand, clientele, talents, business lines and branches, and laid down a solid foundation for the company’s high-quality sustainable development.
Looking ahead, the Company will continue to be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, bring together the valuable experience from 25 years of implementing the national strategy and serve the real economy, with a vision to increase the expansion of the global market, enhance our global client servicing capabilities and to promote the high-quality sustainable development of the company.”
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About CITIC Securities Company Limited (SSE: 600030, SEHK: 6030)
CITIC Securities Company Limited is a leading full service investment bank in China. Its A shares and H shares are listed on the Shanghai Stock Exchange and the Main Board of The Stock Exchange of Hong Kong Limited, respectively. CITIC Securities maintains top rankings in China’s capital markets across its principal business areas of securities brokerage, investment banking, and asset management.
CITIC Securities is a composition stock of the SSE 180, SSE 50, CSI 300, SSE Corporate Governance Index, FTSE Xinhua China A50 Index, Dow Jones China 88 Index and SSE Social Responsibility index. It is also a constituent stock of the Hang Seng China H-Financials Index, Hang Seng China AH Index Series, Hang Seng Global Composite Index, Hang Seng Composite Index, Hang Seng Composite Industry Index - Financials, the Hang Seng Composite MidCap Index, Hang Seng China Enterprises Index, Hang Seng Mainland 100 Index, Hang Seng CSI Shanghai-Hong Kong AH Smart Index, SSE SH Equities Index, FTSE China 25 Index and MSCI China Index. Since the launch of the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
For more information about CITIC Securities, please visit http://www.citics.com
You may access CITIC Securities’ A-share annual report via the official website of the Shanghai Stock Exchange http://www.sse.com.cn
You may access CITIC Securities’ H-share annual report via the official website of The Stock Exchange of Hong Kong Limited http://www.hkexnews.hk
