On the evening of March 30th, China International Capital Corporation Limited (referred to as "CICC", 601995. SH) released its 2025 annual performance report. According to the annual report data, the operating revenue of CICC in 2025 was 28.481 billion yuan, a year-on-year increase of 33.50%; The net profit attributable to the parent company was 9.791 billion yuan, a year-on-year increase of 71.93%. As of the end of 2025, the total assets of China International Capital Corporation (CICC) reached 782.826 billion yuan, a year-on-year increase of 16.02%.

2025 is an important milestone for the 30th anniversary of the establishment of China International Capital Corporation (CICC). This year, CICC's core business segments such as investment banking, stock business, and wealth management achieved steady growth. At the same time, it actively seized opportunities for external development, promoted the absorption and merger of Dongxing Securities and Xinda Securities, and strived to release the synergistic effect of "1+2>3" through complementary advantages, striving towards its goal of becoming an "international first-class investment bank".

In the 2025 report card, core business segments such as investment banking, stock business, and wealth management of China International Capital Corporation (CICC) have released new signals: firstly, the investment banking business relies on the leading advantage of the entire chain, consolidating its leading position in the traditional capital operation field, and forming differentiated competitiveness in innovative business, risk resolution, and other dimensions; Secondly, the transformation of wealth management has shown remarkable results, with the scale of product ownership achieving positive growth for six consecutive years, exceeding 460 billion yuan. Among them, the transformation of buyer investment advisory has achieved significant results, with the number of products exceeding 130 billion yuan reaching a historical high. The total asset value of customer accounts reached 4.28 trillion yuan; Thirdly, solid customer resources have become a "moat" for multiple business lines - China International Capital Corporation (CICC) covers over 15000 domestic and foreign investors, providing strong support for multiple projects in the company's primary and secondary markets. For example, its Hong Kong stock placement scale ranks first in the market, its QFII business has been ranked first in the market for 22 consecutive years, and its interconnectivity trading share continues to lead among Chinese securities firms; The fourth is the continuous strengthening of cross-border core competitiveness, which has played a positive role in serving cross-border capital exchanges and promoting the two-way opening of financial markets. Data shows that in 2025, China International Capital Corporation's overseas business revenue will increase by 58% year-on-year, accounting for nearly 30% of the total revenue.

In terms of investment banking business, China International Capital Corporation (CICC) continues to lead major capital operations both domestically and internationally, completing market benchmark projects such as CATL, Huadian New Energy, Serys, and Sanhua Intelligent Control, and innovatively assisting Jiaxin International Resources in completing simultaneous listings in Hong Kong and Kazakhstan. By 2025, the global IPO financing scale of Chinese enterprises, IPO underwriting scale of Hong Kong stocks, overseas bond underwriting scale of Chinese securities firms and issuers, participation scale of REITs listed among exchange institutions, and announced transaction scale in the Chinese M&A market will all rank first.

The impressive performance of CICC's investment banking performance in 2025 can be summarized as a multiple resonance of policy dividends, customer resources, and professional capabilities. It not only plays a "bridge" connecting the real economy and the capital market, but also a "booster" for industrial upgrading and a "stabilizer" for risk resolution.

Specifically, China International Capital Corporation (CICC) has assisted in the strategic restructuring of state-owned enterprises, leading benchmark A-share transactions such as the transfer of Central Huijin assets, Haier Group's acquisition of Autohome, and Qiming Venture Capital's acquisition of Tianmai Technology. CICC continues to play a role as a "matchmaker" in market-oriented transactions, promoting industrial integration and upgrading. In terms of assisting the government and enterprises in resolving issues, in 2025, China International Capital Corporation (CICC) will take the lead in executing debt restructuring projects such as Contemporary Group and Jinko Corporation, as well as major asset restructuring projects of Baota Industrial. By 2025, CICC will resolve debts and activate asset scale exceeding 1.7 trillion yuan, and introduce funds exceeding 32 billion yuan, reflecting its role as a state-owned enterprise in "stabilizing growth and preventing risks".

As one of the earliest Chinese investment banks to internationalize, China International Capital Corporation (CICC) focuses on internationalization strategy, providing long-term services for Chinese enterprises to "go global" and "bring in" industrial and financial capital. CICC has gained certain advantages in areas such as overseas IPOs, overseas bond issuances, and cross-border mergers and acquisitions of Chinese enterprises, and maintained a good development momentum in emerging fields such as cross-border transactions and interconnectivity. In 2025, China International Capital Corporation (CICC) will further expand its international network and officially open a branch in the Dubai International Financial Centre in the United Arab Emirates, becoming the first Chinese securities firm to establish a licensed branch in the Gulf region. In recent years, CICC has steadily expanded its business layout in the "the Belt and Road" region and emerging markets with Hong Kong, China as the bridgehead. Data shows that in 2025, CICC will complete transactions related to the "the Belt and Road" of about US $6 billion, bringing in more than 200 billion yuan of foreign capital to invest in A-shares and Hong Kong shares.

In 2025, China International Capital Corporation (CICC) will focus on its main responsibilities and business, striving to do a good job in the financial "five major articles". In terms of technology finance, it completed over 1.3 trillion yuan worth of technology innovation investment banking related project transactions throughout the year, established over 40 billion yuan of technology innovation themed funds, directly invested in over 80 technology innovation enterprises, and became one of the first "active market makers" for technology innovation bonds. In the field of green finance, the transaction scale of related investment banking projects completed throughout the year exceeded 1.5 trillion yuan, assisting the Ministry of Finance in issuing 6 billion yuan offshore RMB green sovereign bonds and landing the first CGT-ESG bond portfolio in the Hong Kong market. In terms of inclusive finance, the transaction scale of related projects has reached 1.5 trillion yuan, covering approximately 8800 specialized, refined, and new enterprises. In terms of pension finance, China International Capital Corporation (CICC) has a management scale of over 170 billion yuan, serving nearly 45 million customers, and has been ranked first in comprehensive social security services for two consecutive years. In the field of digital finance, we have created the "Nine Chapters" large model institutional application platform, won the first prize of the Central Bank Financial Technology Development Award, and incubated benchmark applications such as "Zhongjin Dianjing" and "Zhongjin Zhiyue".

Standing at thirty, flourishing and reaching far. China International Capital Corporation (CICC) stated that in 2026, it will adhere to the original intention of serving the country through finance, continue to play a bridging role between the real economy and the capital market, strive to achieve new breakthroughs and achievements on the road of promoting high-quality development, and strive to build China's world-class investment bank, becoming a globally renowned leading financial institution.