CICC anticipates substantial profit increase for first quarter 2025

China International Capital Corporation Limited (HKEX:3908) projects a year-on-year profit increase of between 50% and 70% for the first quarter of 2025. The estimated profit attributable to shareholders of the parent company will range from RMB1,858 million to RMB2,106 million. This positive outlook is attributed to the company's strategic focus on building a first-class investment bank, actively serving the real economy, enhancing core competitiveness, promoting high-quality business development, seizing market opportunities, and implementing cost control measures. Specifically, wealth management, equities, and other business segments experienced substantial growth during the quarter. In the corresponding period of 2024, profit attributable to shareholders was RMB1,239 million, with basic earnings per share at RMB0.223. The announcement cautions that the figures are based on preliminary calculations and are subject to adjustment upon the release of the official first quarterly report.