CISI FIN (06058) announced its full-year results for the period ending December 31, 2025. The company achieved revenue of HK$911 million, maintaining steady growth. Net profit after tax increased significantly to HK$167 million, a notable year-on-year rise of 54.56%, marking a new level of profitability. Notably, total comprehensive income reached HK$278 million, a substantial jump of 117.32% compared to the previous year, demonstrating an improvement in both asset quality and long-term value. The growth in earnings from core businesses, including brokerage commissions and fees, as well as financial products and investment operations, was the primary driver of the profit increase. As of December 31, 2025, the company's total assets amounted to HK$24.6 billion, a 56.4% increase year-on-year, indicating robust expansion of its asset base. The company's bank balances stood at HK$2.166 billion, up 10.4% year-on-year, reflecting ample liquidity. Net cash inflow for the year improved dramatically from a net inflow of HK$69 million in the previous year to a net inflow of HK$205 million, an increase of over 196%. The year 2025 was characterized by a complex and volatile global economic environment, yet the Hong Kong financial market demonstrated strong resilience, with the Hang Seng Index rising nearly 28% over the year. Seizing market opportunities and leveraging resources from its parent company, CISI FIN achieved high-quality development across all its business segments.
The wealth management business continued its strategic transformation, recording revenue of HK$193 million. Trading volume for Hong Kong stocks surged by 47% year-on-year to HK$72.3 billion. The company also enhanced its product offerings, with the annual sales scale of financial products growing by 5% to approximately HK$1.8 billion. Particularly noteworthy was the company's active expansion in the Greater Bay Area market, where the number of accounts opened for the "Cross-boundary Wealth Management Connect" scheme saw a leap of 600% year-on-year.
In corporate finance, CISI FIN achieved breakthroughs on multiple fronts, with equity underwriting and bond underwriting advancing together. The number of equity underwriting deals surged, elevating the company's ranking to 8th among Chinese-backed securities firms in Hong Kong, representing a 250% year-on-year increase. During the reporting period, the company successfully assisted Impression Sanjie Hong Kong Limited in its listing on the Hong Kong Stock Exchange, acting as the sole sponsor, overall coordinator, global coordinator, bookrunner, and lead manager, creating the first "live landscape performance" stock on the HKEX. In the bond underwriting sector, the company continued to solidify its leading regional position, retaining the top spot in the full-market underwriting rankings for Fujian Province's offshore bonds and ranking 7th among Chinese-backed securities firms in Hong Kong. CISI FIN received several authoritative awards during the period, including recognition in the Bloomberg Businessweek Financial Institution Awards.
Furthermore, CISI FIN's assets under management experienced transformative growth during the reporting period, increasing by 67% year-on-year to approximately HK$9.3 billion. The China Core Assets Fund, a key equity product in asset management, continued its strong performance, achieving an annual return rate of 27.85%, significantly outperforming its benchmark index.
In the financial products and investment segment, the company adhered to a neutral-to-cautious risk appetite, supported by prudent risk management and accurate market judgment. This approach led to steady growth in investment scale, alongside improvements in both revenue size and earnings quality. Fixed-income investments performed particularly well, with returns consistently and substantially outperforming the Barclays China US Dollar Bond Index. Equity investments also delivered excellent returns exceeding 20%. In 2025, the financial products and investment business segment generated revenue of HK$597 million, a 9.98% increase year-on-year.
CISI FIN has established a comprehensive "Three Lines of Defense" risk management framework and implements full-cycle management of credit risk, market risk, and liquidity risk to ensure risks remain controllable. In the field of Environmental, Social, and Governance (ESG), the company's practices yielded further results, underwriting a total of 60 green and sustainable bond projects throughout the year with a financing scale exceeding HK$107 billion, a record high. Due to its solid governance and practices, the company received a BBB ESG rating from Wind for the fourth consecutive year and maintained a 'BBB' rating with a 'Stable' outlook from the international rating agency Fitch. Additionally, CISI FIN continued to be included as a constituent of the MSCI Hong Kong Micro Cap Index, with its brand strength and international influence receiving broad market recognition.