CICC's 2024 profit drops amid strong revenue, social investment

** China International Capital Corporation (CICC, HKEX:3908) reported a net profit attributable to shareholders of RMB 5.69 billion for 2024, a 7.5% decrease year-over-year. Total revenue and other income reached RMB 33.17 billion, slightly down 6.4% from the previous year. The company highlighted its commitment to serving national strategies and the real economy, facilitating over RMB 12 trillion in direct financing. AUM managed by the Asset Management Department was RMB 552.03 billion at the end of 2024.