According to Shen Wan Hongyuan's research, CITIC Securities' 26H1 profit exceeded expectations. The company expects 26H1 to achieve net profit of 23.343 billion yuan, +69.6% year-on-year. According to this estimate, the company's net profit for the 26Q2 single quarter is expected to be 13.127 billion yuan, with a year-on-year growth rate of about 83.0% in a single quarter and a quarter-on-month growth rate of about 28.5%. Overall, after becoming the first domestic securities company with net profit exceeding 30 billion yuan in 25 years, the company continued to achieve excellent results and go further in 26H1 operations. It is expected that profits will continue to lead the leading tier of brokerage firms throughout the year, maintain a leading position, and continue to explore the operating and development space of first-class investment banks and investment institutions. Considering the company's comprehensive business layout, remarkable leading position, and international business expansion, it is expected that it will be the first to benefit from industry pattern optimization and is optimistic about business development throughout the year. Raise profit forecasts and maintain a “buy” rating.

According to Shen Wan Hongyuan's research, CITIC Securities' 26H1 profit exceeded expectations. The company expects 26H1 to achieve net profit of 23.343 billion yuan, +69.6% year-on-year. According to this estimate, the company's net profit for the 26Q2 single quarter is expected to be 13.127 billion yuan, with a year-on-year growth rate of about 83.0% in a single quarter and a quarter-on-month growth rate of about 28.5%. Overall, after becoming the first domestic securities company with net profit exceeding 30 billion yuan in 25 years, the company continued to achieve excellent results and go further in 26H1 operations. It is expected that profits will continue to lead the leading tier of brokerage firms throughout the year, maintain a leading position, and continue to explore the operating and development space of first-class investment banks and investment institutions. Considering the company's comprehensive business layout, remarkable leading position, and international business expansion, it is expected that it will be the first to benefit from industry pattern optimization and is optimistic about business development throughout the year. Raise profit forecasts and maintain a “buy” rating.