CITIC Construction Investment Holds 2025 Annual Performance Briefing: Strengthening Development Foundation, Accelerating Transformation and Strategic Layout

(Source: Investor.com.cn - Thinking Finance)

“Growth with quality, strategy with foresight.”

On the afternoon of April 2, 2026, CITIC Construction Investment Securities held its 2025 annual results briefing. Open to global investors, this exchange was not only a comprehensive review of the company’s operating performance over the past year, but also an important window in which the company directly addressed market concerns and clarified its development path for the next stage.

At this important turning point that connects the past with the future, CITIC Construction Investment management stated clearly on-site: 2025 is the year to deliver high-quality growth, and 2026 is the year of comprehensive acceleration for digital-intelligent transformation and international expansion. Based on the core framework of “value investment banking, new-quality investment banking, and digital-intelligent investment banking” (three-in-one), the company will combine long-termism with practical implementation, outlining a “two-step” path to becoming a first-class investment bank.

Figure: Site of CITIC Construction Investment Securities’ 2025 annual results briefing

01

Full of substance: Delivering high-quality growth, with more sincerity in shareholder returns

In 2025, CITIC Construction Investment turned in an impressive performance: total assets were RMB 676.816 billion, up 19.49% year over year; operating revenue was RMB 23.322 billion, up 22.41% year over year; net profit attributable to shareholders was RMB 9.439 billion, up 30.68% year over year; net cash flow from operating activities was RMB 83.05 billion, up 181.5% year over year; and basic earnings per share were RMB 1.09 per share, up 37.97% year over year. This performance is not merely a scale expansion—it is high-quality growth with controllable risk, optimized structure, and enhanced sustainability, maintaining leading growth rates among top-tier brokers.

While delivering steady growth in performance, CITIC Construction Investment has always taken into account both the company’s development and shareholder returns. Through a stable and sustainable dividend policy, it conveys its commitment to long-term value. The proposed cash dividend for 2025 at year-end is RMB 1.357 billion, and the total dividend for the full year is RMB 2.637 billion, up 33% year over year. Since its H-share listing in 2016, including this year-end dividend, the company’s cumulative dividend total has reached RMB 20.475 billion, establishing a benchmark for steady shareholder returns in the industry.

02

Four-wheel business drivers: Investment banking leads, international launches surge, and wealth management and proprietary investment advance together

CITIC Construction Investment’s steady growth is inseparable from the coordinated efforts of four major business engines, and every business push is tightly aligned with the pulse of the times and market demand.

As the company’s traditional strength and core pillar, its investment banking business upholds serving national strategies and new-quality productive forces. Full-year revenue reached RMB 3.132 billion, up 25.76%. In domestic equity financing, the underwriting and lead-underwriting amount ranked among the top in the industry. The number of major asset restructuring projects ranked first in the industry. Looking ahead to 2026, management said it will continue to be a “financial lever” for new-quality productive forces, focusing on semiconductors, artificial intelligence, advanced manufacturing, and new energy. With an integrated approach of “research + investment + investment banking,” the company will provide end-to-end financial services across the full lifecycle of enterprises, consolidating its position among the industry’s first tier.

Its proprietary investment business steps out of traditional contest-style thinking and moves toward a development path that is more stable, more diversified, and more closely aligned with the real economy.

The company optimizes fixed-income positions and expands both domestic and international layouts; in derivatives, it develops market-making and cross-border services. In equity investments, it adheres to an absolute-return orientation while strictly controlling volatility. In equity investment, it focuses on tech innovation-driven companies, while proactively laying groundwork for low-altitude economy, quantum computing, and biotech.

International expansion achieved breakthrough progress in 2025, becoming the most eye-catching part of the company’s growth map. CITIC Construction Investment International’s revenue increased 103% year over year, and net profit rose 177%, demonstrating strong growth momentum. To support ongoing expansion of international business, the company completed an additional capital injection of HKD 1.5 billion into CITIC Construction Investment International, raising its registered capital to HKD 5.5 billion. At the same time, it steadily advanced license setups in regions such as Southeast Asia and Singapore, continuously improving cross-border business qualifications. Management made clear on-site that internationalization is the company’s second growth curve. In 2026, the target performance will be doubled again. The company aims to strengthen its Hong Kong “bridgehead,” extend its layout across Asia-Pacific and the Middle East, improve compliance risk control and front-to-back support, and provide two-way services—supporting enterprises as they “go global” and bringing capital as it “comes in.”

Wealth management, asset management, and institutional business also advanced steadily, becoming a solid fundamental base for the company’s stable development. Wealth management accelerated its transformation, achieving full-year operating revenue of RMB 8.221 billion, up 24.37%. As of the end of 2025, the total number of customers exceeded 17.12 million, and the point-in-time scale of financial products exceeded RMB 410 billion, up 60.27%. With coordinated promotion across asset management, institutional, and trading businesses, the “research + investment + investment banking” closed-loop was formed, and institutional business grew steadily.

03

Digital-intelligent engines reshape the business foundation; 20th anniversary sets a new start and anchors three major directions

While pushing on all fronts across its businesses, digital-intelligent transformation has become the core foundation for CITIC Construction Investment’s long-term competitiveness. After sustained investment and refinement, the company has built an independently controllable computing-power foundation. The share of domestic computing power exceeds 40%. It has formed a hybrid architecture combining large models and small models, and AI technology has fully penetrated the entire processes of investment banking, investment research, investment, investment advisory, customer service, data, and R&D. In scenarios such as investment-banking due diligence, intelligent investment advisory, data extraction, code generation, and more, the company significantly improves efficiency and lowers costs, truly enabling the shift from single-point pilots to full-chain empowerment. Management emphasized on-site that digital-intelligent transformation is the core engine driving the company’s future development. In 2026, it will continue to advance the construction of AI-native systems, deepening technology capabilities into business and turning them into real, tangible core competitive strengths.

2025 also marks CITIC Construction Investment’s 20th anniversary. From a regional broker to a national leader; from a single business to a comprehensive financial services provider; from a domestic layout to international expansion—over these 20 years, CITIC Construction Investment completed a comprehensive upgrade from a scale-first approach to growth driven by quality, value, technology, and global coordination, achieving leapfrog development.

Based on the signals released in this results briefing, in 2026 the company will focus on three core directions for precise execution: first, continue to maintain its leading position in investment banking, deepen its involvement in the new-quality productive forces track, and consolidate its industry advantages; second, drive rapid growth in wealth management, deepen the buy-side transformation, and build and strengthen its fundamental base; third, achieve a breakthrough in internationalization and enable AI comprehensively, so that the second growth curve and the core engines drive each other bidirectionally, propelling the company to a new level.

From high-quality delivery in 2025 to comprehensive acceleration in 2026, the development logic conveyed by CITIC Construction Investment in its results briefing is clear and firm: build on steady performance as the foundation; make investment banking the flagship; make wealth management the fundamental base; make internationalization the second growth curve; and make digital-intelligent transformation the core engine. Guided by long-termism, the company will balance development with risk control, and growth with returns. On this new start at its 20th anniversary, CITIC Construction Investment is steadily moving from a top-tier broker toward building a modern first-class investment bank with Chinese characteristics. (Produced by Thinking Finance) ■

(This article is for reference only and does not constitute investment advice. The market is risky, and investment requires caution.)

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