601995 China International Capital Corporation
- 33.11
- +0.13+0.39%
China International Capital Corporation News
CICC: Maintaining a unified enterprise, China's “outperforming industry” rating target price rises to HK$7.5
CICC released a research report stating that it maintained the unified enterprise China (00220) “outperforming the industry” rating, raised the 2024 and 2025 profit forecasts by 11% each to RMB 1.72 billion and RMB 1.89 billion, respectively, and raised the target price by 15% to HK$7.5 billion. The company's overall revenue growth in the first quarter of 2024 was low by double digits, achieving net profit of 457 million yuan (same below), a year-on-year decrease of 6.3%. After excluding the revenue from the Hefei factory's land sale in the first quarter of the year (about 256 million yuan), comparable net profit doubled year-on-year and exceeded expectations, mainly due to an increase in gross margin that was better than expected. Should
Changes in Hong Kong stocks | Chinese brokerage stocks rose in the afternoon, and brokerage performance in the second half of the year is expected to gradually improve, and mergers, acquisitions and restructuring are still the main line of the industry du
Chinese brokerage stocks rose in the afternoon. As of press release, CITIC Securities (06030) rose 4.65% to HK$13.06; CICC (03908) rose 4.03% to HK$10.32; China Galaxy (06881) rose 4.02% to HK$4.4; and CITIC Construction Investment Securities (06066) rose 3.83% to HK$6.5.
CICC (03908.HK) plans to hold a briefing on the results and cash dividends for the first quarter of 2023 and 2024 on May 17
Gelonghui, May 9, 丨 CICC Corporation (03908.HK) announced that China International Finance Corporation (hereinafter referred to as the “Company”) has disclosed the “2023 Annual Report” and “First Quarter Report 2024” on the Shanghai Stock Exchange website (). In order to facilitate investors to have a more comprehensive and in-depth understanding of the company's performance and operations in 2023 and the first quarter of 2024, the company plans to hold a briefing session on the results and cash dividends for the first quarter of 2023 and 2024 (hereinafter referred to as the “performance briefing”) to communicate with investors to the extent permitted by information disclosure
The Three-year Loss for China International Capital (HKG:3908) Shareholders Likely Driven by Its Shrinking Earnings
China International Capital Corporation Limited (HKG:3908) shareholders should be happy to see the share price up 13% in the last month. But that cannot eclipse the less-than-impressive returns ove
[Broker Focus] Changjiang Securities maintains CICC's (03908) purchase rating. The capital business was under pressure in the first quarter
Jinwu Financial News | According to the Changjiang Securities Research Report, CICC (03908) released its 2024 quarterly report. During the reporting period, it achieved operating income of 3.87 billion yuan, -37.6% year on year, net profit to mother of 1.24 billion yuan, -45.1% year on year, and a weighted average return on net assets -1.29pct to 1.21% year over year. All of the company's businesses are under pressure. According to the bank, in the long term, the bank will continue to be optimistic that CICC will establish competitive advantages in brokerage, investment banking, asset management and trading with its excellent charging business and balance sheet application capabilities, and through customer demand business and wealth management business
[Broker Focus] Dongwu Securities maintains CICC's (03908) “buy” rating and is optimistic about its competitive barriers in investment banking and wealth management business
Jinwu Financial News | According to Dongwu Securities Research, CICC (03908) achieved total operating income of 3.874 billion yuan (RMB, same below) in 24Q1, or -37.61% year-on-year, and realized net profit of 1,239 billion yuan, or -45.13% year-on-year. According to the bank, 24Q1's self-operated business revenue (investment income - income from investment in joint ventures plus net income from changes in fair value) was RMB 1,853 billion, or -48.8% compared with the same period last year. The decline in proprietary business revenue was the main reason for the decline in the company's performance in the first quarter. We expect the company's equity to be mainly due to large market fluctuations in the first quarter
Changes in Hong Kong stocks | Chinese brokerage stocks bottom up, the State Council pushes the financial industry's national team building institutions to be optimistic about mergers, acquisitions, restructuring and ROE improvement
Chinese brokerage stocks bottomed out in early trading and rebounded, and gains expanded in late trading. As of press release, CITIC Construction Investment Securities (06066) rose 4.17% to HK$6.25; Orient Securities (03958) rose 3.68% to HK$3.38; CICC (03908) rose 2.52% to HK$9.76; and League of Nations Securities (01456) rose 2.47% to HK$3.73.
CICC (03908.HK): Received a letter of no objection to the listing and transfer of non-publicly issued corporate bonds
Gelonghui, April 30, 丨 CICC (03908.HK) issued an announcement. The company recently received the “Letter of No Objection to the Listing and Transfer of Non-public Corporate Bonds of China International Finance Co., Ltd.” (Shanghai Securities Letter (2024) No. 1228, hereinafter referred to as the “Letter of No Objection”) from the Shanghai Stock Exchange. According to the no-objection letter, the company's non-public issuance of corporate bonds totaling no more than 10 billion yuan to professional investors complies with the listing and transfer conditions of the Shanghai Stock Exchange, and the Shanghai Stock Exchange has no objection to this bond listing transfer. The letter of no objection is valid for 12 months from the date it is issued. The company can keep the letter of no objection valid for and
CICC (601995.SH): Received a letter of no objection to the listing and transfer of non-publicly issued corporate bonds
Gelonghui, April 30 | CICC (601995.SH) announced that the company recently received the “Letter of No Objection to the Listing and Transfer of China International Finance Co., Ltd. Non-public Corporate Bonds” (Shanghai Securities Letter (2024) No. 1228, referred to as the “Letter of No Objection”) from the Shanghai Stock Exchange (“Shanghai Stock Exchange”). According to the no-objection letter, the company's private issuance of corporate bonds totaling no more than 10 billion yuan to professional investors (referred to as “current bonds”) met the listing and transfer conditions of the Shanghai Stock Exchange, and the Shanghai Stock Exchange had no objection to this bond listing transfer. There are 12 letters of no objection from the date of issuance
[Broker Focus] Guotai Junan maintains CICC (03908) “increases” rating, supply-side reforms accelerate development
Jinwu Financial News | Guotai Junan released a research report showing that the net revenue of CICC (03908)'s investment business in the first quarter was -48.95% year-on-year to 1,847 billion yuan, accounting for -75.85% of the adjusted revenue increase, putting pressure on performance. The main reason for the decline in business is the year-on-year decline in return on investment compounded by a contraction in the scale of OTC derivatives and other businesses under volatile market conditions. According to the bank, the State Council stated that it will concentrate its efforts on building a “national team” for the financial industry to promote the strengthening and improvement of large state-owned financial enterprises. It is expected that supply-side reforms in the industry will accelerate, the company's capital use efficiency will be outstanding, and the advantages of various business specialization will continue to be consolidated, and it is expected that it will work
CICC (03908) net profit of 1,239 billion yuan in the first quarter
According to the Zhitong Finance App, CICC (03908) announced results for the first quarter of 2024, with operating income of 3,874 billion yuan (RMB, same below); net profit attributable to shareholders of the parent company of 1,239 million yuan; and basic earnings per share of 0.223 yuan.
中金公司：二零二四年第一季度報告
[Hong Kong Stock Connect] According to reports, CICC (03908) domestic investment bank employees will cut wages by up to 25%
Jinwu Financial News | According to reports, CICC (03908) has cut the basic wages of domestic investment bankers by as much as 25%, with immediate effect. Some employees received salary cuts last Friday (26th). Reports indicate that more than 2,000 employees are expected to be affected. Furthermore, CICC has yet to announce employee bonuses for 2023. According to reports, in April of last year, CICC cut bonuses for investment bankers by more than 40%. The reduction this time is the basic salary of investment bankers, and it is also a drastic reduction, which is rare in the industry.
Changes in Hong Kong stocks | The increase in Chinese brokerage stocks has further expanded, and the State Council proposed concentrating efforts to build a national financial team. Industry mergers, acquisitions and restructuring expectations have resume
The increase in Chinese brokerage stocks widened further in the afternoon. As of press release, China League Securities (01456) rose 27.12% to HK$3.75; CICC (03908) rose 10.26% to HK$9.78; China Galaxy (06881) rose 8.79% to HK$4.21; and CITIC Construction Investment Securities (06066) rose 7.2% to HK$6.25.
Trending Industry Today: GUOLIAN SEC Leads Gains In China-Affiliated Brokerage Stocks
April 26th - The industry of $China-Affiliated Brokerage(BK1243.HK)$ is trending higher today with 15 constituents up and GUOLIAN SEC leading Gains.$GUOLIAN SEC(01456.HK)$ soars 22.37% to HK$3.61 with
CICC Corporation (03908): “20 CICC G4” will start paying interest on May 6
According to the Zhitong Finance App, CICC (03908) announced that the company publicly issued 2020 corporate bonds (for qualified investors) (second instalment) (type 2) (hereinafter referred to as “current bonds”) and will start paying interest for the period from May 6, 2023 to May 5, 2024. The current bond is abbreviated as “20 CICC G4”. The total issuance period is RMB 700 million. The bond term is 7 years, the coupon interest rate (annual interest rate) is 2.88%, the face value of each current bond is 1,000 yuan, and interest is paid 28.8 yuan (tax included).
CICC Corporation (03908.HK): “21 CICC Y2” will pay interest on April 26
On April 19, CICC (03908.HK) announced that the company will publicly issue 2021 perpetual sub-prime bonds (for professional investors) (second instalment) (bond abbreviation: 21 CICC Y2, bond code: 188.54), and will start paying interest from April 26, 2023 to April 25, 2024 on April 26, 2024. The total amount of bonds issued in this issue was RMB 2 billion, and the coupon interest rate was 4.20%.
CICC (03908.HK) plans to hold a board meeting on April 29 to approve the first quarter results
Gelonghui, April 17, 丨 CICC (03908.HK) issued an announcement. The board of directors will hold a board meeting on April 29, 2024 to review and approve the publication of the company and its subsidiaries' results announcements for the three months ended March 31, 2024.
中金公司：董事會會議通告
中金公司：2023年度報告
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