CITIC Securities : 2022 FIRST QUARTERLY RESULTS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6030)

2022 FIRST QUARTERLY RESULTS

This announcement is made pursuant to the disclosure obligations under Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The unaudited results of the Group for the first quarter ended 31 March 2022 are summarized as follows:

• The Group recorded an operating revenue of RMB15,216,257,790.55; the net profit attributable to owners of the parent amounted to RMB5,229,072,056.83.
• This report was prepared in accordance with the relevant disclosure requirements applicable to quarterly reports of listed companies issued by the China Securities Regulatory Commission.
• The financial information contained in this report was prepared in accordance with the PRC GAAP.

The contents of this announcement are consistent with the relevant announcement published by the Company on the Shanghai Stock Exchange. This announcement is published simultaneously in Hong Kong and Mainland China.

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§1 Important Notice

1. The board of directors (the "Board") and the supervisory committee (the "Supervisory Committee"), together with the directors (the "Directors"), supervisors and senior management of CITIC Securities Company Limited (the "Company") warrant the truthfulness, accuracy and completeness of this report and that there is no false representation, misleading statement contained herein or material omission from this report, and for which they will assume joint and several legal liabilities.
2. This report was considered and approved at the 39th Meeting of the Seventh Session of the Board of the Company with all the Directors attended. None of the Directors raised any objection to this report.
3. The person in charge of the Company, and the person in charge of and head of the Company's accounting department warrant that the financial statements set out in this report are true, accurate and complete.
4. This report is unaudited and prepared in accordance with the disclosure requirements for, and in the required form of financial statements under the Generally Accepted Accounting Principles in the People's Republic of China (the "PRC GAAP").
5. The Company prepared this report in both English and Chinese languages. In the event of any discrepancy between the English version and Chinese version of this report, the Chinese version shall prevail.
6. "Reporting Period" refers to the three months ended 31 March 2022.
7. "Group" refers to the Company and its subsidiaries.

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§2 Basic Information of the Company

2.1 Key financial data
			In RMB Yuan
			Change as
			compared to
			the same
		Three months ended	period of
		31 March 2022	last year
			(%)
Operating revenue		15,216,257,790.55	-7.20
Net profit attributable to
owners of the parent		5,229,072,056.83	1.24
Net profit attributable to owners of the parent
excluding extraordinary gains and losses	5,168,940,448.64	1.66
Net cash inflow/(outflow) from
operating activities		77,422,190,258.81	537.02
Basic earnings per share (RMB/share)	0.36	-10.00
Diluted earnings per share (RMB/share)	0.36	-10.00
			Decreased
			by 0.55
			percentage
Return on weighted average equity (%)	2.26	point
			Change as
			compared to
			the end of
	31 March 2022	31 December 2021	last year
			(%)
Total assets	1,362,130,539,501.33	1,278,664,775,096.62	6.53
Equity attributable to
owners of parent	244,320,199,544.30	209,171,333,355.47	16.80

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Items and amounts of extraordinary gains and losses
			In RMB Yuan
	Three months
	ended
Items	31 March 2022	Notes
Profits or losses from disposal of non-current assets	7,304,046.49	Mainly profits
			from disposal
			of fixed assets
Government subsidies accounted for current period	86,008,439.17	Mainly
profit and loss except for government subsidies			government
closely related to the Company's ordinary			subsidies
business, which are in line with national policies,
calculated according to certain standards or
continuously granted in fixed amount
Non-operating income/expenses other than	-11,436,573.44	-
the above items
Less: Effect on income tax	19,769,534.39	-
Effect on non-controlling interests, after tax	1,974,769.64	-
Total	60,131,608.19	-

2.2 Significant changes in major accounting data and financial indicators of the Company and the reasons thereof

	Increase/Decrease
Items	(%)	Main reason
Gains and losses arising from	194.63	Change of fair value of financial instruments due to
changes in the fair value		fluctuation in the securities market
Foreign exchange gains and losses	-97.47	Change in foreign exchange rate
Gains from disposal of assets	523.35	Increase in gain of disposal of non-current assets
Impairment losses on other assets	-131.80	Decrease in provision for inventory depreciation by
		subsidiaries
Expected credit losses	-219.08	Decrease in provision for expected credit losses on
		financing business

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		Increase/Decrease
Items	(%)	Main reason
Non-operating income	-47.46	Decrease in government subsidies not relating to the
			daily operation of the Company
Non-operating expenses	183.33	Increase in charity donations
Other comprehensive income,	82.20	Change in fair value of other debt instruments
	net of tax		investments and foreign currency translation
Net cash inflow/(outflow) from	537.02	Increase in net cash inflow from financial assets held
	operating activities		for trading, financing and repurchase business
Net cash inflow/(outflow) from	33.20	Increase in net cash inflow from financing activities
	financing activities		due to rights issue and issuance of perpetual bonds

Note: Increases/decreases stated in this statement are changes as compared to the same period of last year

§3. Information on Shareholders

3.1 Total number of shareholders and shareholdings of the top 10 shareholders and top 10 holders of tradable shares (or shareholders whose shares are not subject to trading moratorium) as at the end of the Reporting Period

Total number of shareholders

628,510

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