China International Capital Corp Ltd

China International Capital Corp Ltd maintains a capital structure characterized by high leverage, with a debt-to-equity ratio of 2.7 and total liabilities of 660.8 billion CNY against total equity of 122.1 billion CNY. The firm holds long-term debt of 330.1 billion CNY, resulting in a negative net cash position after subtracting total debt. Liquidity is assessed as medium, supported by a current ratio of 1.25 and operating cash flow of 41.6 billion CNY, which significantly exceeds free cash flow of 9.96 billion CNY due to capital expenditures of 0.77 billion CNY.

Profitability metrics indicate modest returns, with a return on equity of 8.02% and a return on assets of 1.25%. The company generates a net income of 9.79 billion CNY on revenue of 40.52 billion CNY, yielding a gross profit of 38.03 billion CNY. The valuation snapshot reflects a price-to-earnings ratio of 4.41 and a price-to-book ratio of 0.35, suggesting the market prices the equity at a significant discount to its book value. The EV/EBITDA ratio stands at 32.08, while the EV/Revenue ratio is 9.21.

Segment and geographic revenue mix data is not provided in the available input, preventing a detailed analysis of revenue concentration or regional exposure. The analysis relies solely on consolidated financial figures, omitting specific segment-level performance drivers.

Growth trajectory analysis is constrained by the absence of historical period data in the input. Without five-year annual or eight-quarter quarterly revenue and net income trends, the company's historical growth rate and momentum cannot be quantified or compared against cohort medians.

Risk assessment highlights medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, emphasizing the reliance on debt financing. The absence of specific filing, news, or transcript observations limits the identification of recent operational or strategic risks beyond the balance sheet structure.

Recent investor relations data shows strong analyst sentiment, with a mean recommendation of 1.45 (where 1 is strong buy). The mean price target is 27.73 CNY, with a median of 28.04 CNY, a high of 30.45 CNY, and a low of 24.80 CNY. There are six strong-buy ratings and five buy ratings, with no hold ratings, indicating consensus optimism despite the current market price of 22.7 CNY.

Analysts project 38.9% upside to a mean price target of 27.73, reflecting strong buy consensus.

Net income surged 71.9% year-over-year to 9.79 billion CNY in fiscal 2026, signaling robust profitability recovery.

Revenue grew 29.0% year-over-year to 40.52 billion CNY in fiscal 2026, demonstrating significant top-line expansion.

Free cash flow increased 86.7% year-over-year to 9.96 billion CNY in fiscal 2026, enhancing liquidity position.

Total assets expanded 16.0% year-over-year to 782.83 billion CNY in fiscal 2026, indicating balance sheet growth.

Long-term debt rose to 330.11 billion CNY in fiscal 2026, increasing leverage and potential interest expense burden.

Equity growth of 5.8% year-over-year in fiscal 2026 lagged behind the 16.0% expansion in total assets.

Revenue ¥40.52B, +29,0% YoY; Operating income +70,7% YoY.

• ▍Revenue ¥40.52B, +29,0% YoY
• ▍Operating income +70,7% YoY
• ▍Net income +71,9% YoY
• ▍Free cash flow +86,7% YoY
• ▍Net margin 24.2%

Revenue ¥31.40B, −7,1% YoY; Operating income +0,4% YoY.

• ▍Revenue ¥31.40B, −7,1% YoY
• ▍Operating income +0,4% YoY
• ▍Net income −7,5% YoY
• ▍Free cash flow −4,8% YoY
• ▍Net margin 18.1%

Revenue ¥33.79B, −8,2% YoY; Operating income −25,1% YoY.

• ▍Revenue ¥33.79B, −8,2% YoY
• ▍Operating income −25,1% YoY
• ▍Net income −19,0% YoY
• ▍Free cash flow −9,7% YoY
• ▍Net margin 18.2%

Revenue ¥36.82B, −11,2% YoY; Operating income −29,4% YoY.

• ▍Revenue ¥36.82B, −11,2% YoY
• ▍Operating income −29,4% YoY
• ▍Net income −29,5% YoY
• ▍Free cash flow −38,4% YoY
• ▍Net margin 20.6%

Revenue ¥41.46B; Operating income ¥12.83B.

• ▍Revenue ¥41.46B
• ▍Operating income ¥12.83B
• ▍Net margin 26.0%