Gelonghui, August 30 | CICC (03908.HK) announced interim results. In the first half of 2024, the Group achieved total revenue and other revenue of RMB 14.8924 billion, a year-on-year decrease of RMB 3,714.2 million, a decrease of 20.0%. In the first half of 2024, the Group achieved net profit attributable to shareholders of the parent company of RMB 2,228.1 million, a year-on-year decrease of RMB 1,332.6 million, a decrease of 37.4%. In the first half of 2024, the Group achieved earnings per share of RMB 0.394, a year-on-year decrease of 41.2%; the weighted average return on net assets was 2.1%, down 1.7 percentage points from the previous year.

As of June 30, 2024, the Group's total assets were RMB 599,104.4 million, a decrease of RMB 25.202.2 million or 4.0% from the end of 2023. The Group's total liabilities were RMB 493,177.8 million, a decrease of RMB 26,231.4 million or 5.1% from the end of 2023. The Group's total equity attributable to shareholders of the parent company was RMB105,631.5 million, an increase of RMB1,028.2 million over the end of 2023, an increase of 1.0%. After deducting amounts payable to brokerage clients and underwriting clients of RMB 82,032.0 million, the Group's total adjusted assets were RMB 517,072.4 million, and the total adjusted liabilities were RMB 411,145.8 million. The balance ratio was 79.5%, down 1.1 percentage points from 80.6% at the end of 2023. The operating leverage ratio was 4.9 times, down 0.3 times from 5.2 times at the end of 2023.

As of June 30, 2024, the Group's financial assets and derivative financial assets, measured at fair value and with changes included in current profit and loss, totaled RMB 259,956.2 million, accounting for 43.4% of total assets; financial assets measured at fair value and with changes included in other comprehensive income were RMB 80,230.0 million, accounting for 13.4% of total assets; cash and bank balances and cash held on behalf of customers totaled RMB 137,382.1 million, accounting for 22.9% of total assets; financing and buying and reselling financial assets totaled RMB 22.9% of total assets $61,977.7 million, accounting for 10.3% of total assets; investments in joint ventures and joint ventures were RMB1,088.1 million, accounting for 0.2% of total assets; and other assets amounted to RMB58,470.2 million, accounting for 9.8% of total assets.

As of June 30, 2024, the Group's liabilities were mainly current liabilities. Among them, brokerage client payments and underwriting business customer payments totaled RMB 82,032.0 million, accounting for 16.6% of total liabilities; sales and repurchase financial assets amounted to RMB 68,580.2 million, accounting for 13.9% of total liabilities; consolidated capital, issued short-term debt instruments, and long-term debt instruments due within one year totaled RMB 74,690.7 million, accounting for 15.1% of total liabilities; measured at fair value and with changes included in the current period Profit and loss financial liabilities and derivative financial liabilities totaled RMB 44,748.1 million, accounting for 9.1% of total liabilities; issued long-term debt instruments were RMB 119,797.6 million, accounting for 24.3% of total liabilities; and other liabilities amounted to RMB 103,329.1 million, accounting for 21.0% of total liabilities.