China's CITIC Securities H1 revenue rises on tech innovation, green finance growth

CITIC Securities

20/08/2026 12:22

Overview
China investment bank's H1 2026 revenue rose 44% yr/yr to RMB 67.18 bln
Net profit attributable to shareholders increased 69.6% yr/yr to RMB 23.34 bln
Company cites improved operational quality, competitiveness, and international expansion as key drivers

Outlook
Company did not provide specific financial guidance for future quarters or the full year

Result Drivers
TECH & GREEN FINANCE - Co said targeted support for tech innovation and green development drove underwriting activity and revenue growth
WEALTH MANAGEMENT EXPANSION - Co said growth in client assets and pension finance contributed to results
INTERNATIONAL EXPANSION - Co said overseas capital raising and faster overseas revenue and profit growth supported results

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income Attributable
 
RMB 23.34 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for CITIC Securities Company Limited is HK$34.36, about 32.9% above its August 20 closing price of HK$25.86
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Aug 19 - Hong Kong's HKEX posts record interim revenue, net income up 24%
Aug 20 - Hong Kong's Futu Q2 revenue jumps on strong trading activity
Aug 19 - Investment platform Sun Hung Kai's H1 profit falls due to absence of large liquidity event

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-20/b5a23051-ca05-4eaf-8c35-21605958b7d1.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)