China International Capital Corporation Limited (CICC) released its unaudited results for the three months ended 31 March 2026, showing broad-based revenue momentum, sharply higher profitability and reinforced capital strength. All figures are in Renminbi (RMB) and prepared under Chinese Accounting Standards.

Revenue and earnings • Operating revenue rose 54.26% year on year to 8.83 billion, driven by an 80.14% jump in fee and commission income and stronger investment gains. • Profit attributable to shareholders advanced 75.19% to 3.58 billion. Excluding extraordinary items, profit grew 76.14% to 3.54 billion. • Basic earnings per share increased to RMB 0.703, up 84.17% from the same period in 2025. • Operating margin expansion lifted profit before tax by 85.12% to 4.47 billion.

Segment performance drivers • Net fee and commission income reached 4.64 billion, led by brokerage (2.01 billion) and investment banking (1.54 billion). • Net interest income swung to a positive 0.11 billion from a loss a year earlier, reflecting higher interest income on debt investments and margin financing. • Gains from financial instruments totalled 4.20 billion, up 23.30%, while fair-value changes contributed 2.27 billion, reversing last year’s loss. • Foreign-exchange movements generated a 0.19 billion loss, versus a gain in Q1-2025, due to currency fluctuations and related hedging activities.

Balance sheet expansion • Total assets climbed 11.11% in the quarter to 869.77 billion, fuelled by larger trading positions and a 71.54% rise in reverse repurchase assets to 38.46 billion. • Total equity attributable to shareholders grew 8.53% to 132.47 billion, aided by retained earnings and the issuance of 7.70 billion in perpetual subordinated bonds, which lifted the other equity instruments balance to 29.80 billion.

Liquidity and capital adequacy (parent company) • Net capital increased 3.29% since year-end to 49.72 billion, well above regulatory minimums. • Key ratios remained solid: risk coverage at 162.81%, capital leverage at 11.73%, liquidity coverage at 401.98%, and net stable funding at 152.65%.

Cash flow highlights • Net cash generated from operating activities surged to 25.93 billion, almost triple the prior-year period, supported by higher client deposits and repo transactions. • The firm deployed 10.66 billion in net investing outflows, primarily to acquire additional financial assets, and raised 13.88 billion net from financing, including new bond and note issues.

Strategic developments On 17 December 2025 CICC’s board approved a merger-by-absorption and share-exchange plan with Dongxing Securities and Cinda Securities. Audit and related procedures are ongoing; the board will reconvene to consider further resolutions once preparatory work is completed.

Shareholder structure As at 31 March 2026 CICC had 130,857 shareholders. Central Huijin Investment remained the largest shareholder with a 40.11% stake, followed by HKSCC Nominees at 39.42%.

Audit status The Q1-2026 financial statements are unaudited and were prepared in accordance with Chinese Accounting Standards.