CICC Fund expects to achieve revenue of 608 million yuan in 2025, a year-on-year increase of 32.7%, and net profit of 134 million yuan, a year-on-year increase of 22.9%.

On the evening of March 30, China International Capital Corporation (CICC) released its 2025 performance report. On the same day, the operating data of CICC Fund, a wholly owned subsidiary, were also disclosed.

As of December 31, 2025, CICC Fund’s total assets were RMB 1.87B, its net assets were RMB 1.07B. For 2025, it recorded operating revenue of RMB 608.05M, operating profit of RMB 179.15M, and net profit of RMB 13,409.56 million. As of December 31, 2024, total assets were RMB 134.1M, net assets were RMB 1.33B. For 2024, it recorded operating revenue of RMB 739.68M, operating profit of RMB 458.37M, and net profit of RMB 146.1M.

The announcement states that CICC Fund’s equity investment capabilities have continued to strengthen; its private placement business has consolidated its leading position in the market; and its wealth management, buyer-advisor transformation has achieved notable results.

In 2025, CICC Fund fully implemented the spirit of the “Action Plan to Promote High-Quality Development of Public Funds,” and, with an operating philosophy centered on investors’ interests as the fundamental guiding principle, precisely implemented measures across all aspects of operational management, including improving corporate governance, product innovation and issuance, optimizing investment strategies, and upgrading evaluation mechanisms, to effectively enhance investment research and service efficiency and levels. In 2025, CICC Fund issued 13 public fund products, including 8 stock index-type products, 1 hybrid-type product, 1 bond-type product, and 3 public REITs, with a total issuance scale of RMB 109.26M, further enriching the company’s product line and providing investors with more diversified choices. It also completed the listing on the Shanghai and Shenzhen stock exchanges of three products—CICC Yizhuang Industrial Park REIT, CICC China Green Development Commercial REIT, and CICC Vipshop Mall REIT—while the public REITs business continued to develop in a stable and steady manner, with its asset management scale and operational capabilities remaining at a leading level in the industry.

As of December 31, 2025, the asset management scale managed by CICC Fund was RMB 273.37 billion, representing year-on-year growth of 24.7%. Of this, the scale of public funds was RMB 256.61 billion, representing year-on-year growth of 23.8%. The company comprehensively improved its management efficiency and enabled digital capabilities, strictly upheld the bottom line on compliance and risk control, and maintained steady overall business operations, with no major illegal and noncompliant events and no major risk hazards.

Looking ahead to 2026, CICC Fund will stay true to its stable and prudent business tone, focus on building core investment research capabilities, and drive high-quality business development.

The company will continue to consolidate its performance advantages in fixed-income product categories, follow market trends to expand its equity product layout, deepen its efforts in the REITs field, and promote the steady development of diversified asset management. At the same time, by focusing on a “dual-wheel drive” of investment research and talent, it will iterate and optimize its investment research system, strengthen the construction of talent tiers, and improve an integrated investment research-and-management mechanism; enhance the professional capabilities of the sales team and the effectiveness of end-to-end service, and solidify the foundation of customers’ long-term trust. On the front of compliance and risk management, the company will continue to improve its risk management system, strictly adhere to compliance bottom lines, ensure steady operation of its business, and effectively protect investors’ lawful rights and interests. Relying on its solid investment research foundation and professional advantages, CICC Fund will proactively capture market opportunities, balance the stability of returns with growth potential, and work to deliver long-term, sustainable value returns for investors.

(Announcement)