CITIC Securities : PRELIMINARY FINANCIAL DATA FOR THE FIRST HALF OF 2020

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

(Stock Code: 6030)

PRELIMINARY FINANCIAL DATA

FOR THE FIRST HALF OF 2020

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

The principal financial data and indicators of CITIC Securities Company Limited (the "Company") for the first half of 2020 as set out in this announcement are preliminary data prepared in accordance with the PRC GAAP, and have not been audited by the reporting accountants. The final figures will be formally disclosed in the 2020 interim report of the Company. Investors are advised to exercise caution when dealing in the shares of the Company.

1. PRINCIPAL FINANCIAL DATA AND INDICATORS FOR THE FIRST HALF OF 2020 (CONSOLIDATED, UNAUDITED)

Unit: In RMB millions

	For the six	For the six
	months ended	months ended
Item	30 June 2020	30 June 2019	Change (%)
Operating revenue	26,743	21,791	22.72
Operating profit	11,877	8,930	33.00
Profit before income tax	11,874	8,932	32.94
Net profit attributable to owners
of the parent	8,926	6,446	38.47
Net profit attributable to owners
of the parent excluding
extraordinary gains and losses	8,855	6,410	38.14
Basic earnings per share
(in RMB Yuan/share)	0.70	0.53	32.08
Return on weighted average			Increased by 0.96
equity (%)	5.07	4.11	percentage point

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	As at	As at
Item	30 June 2020	30 June 2019	Change (%)
Total assets	975,081	791,722	23.16
Equity attributable to owners
of the parent	176,044	161,625	8.92
Total issued share capital	12,927	12,117	6.68
Net assets per share attributable
to owners of the parent
(in RMB Yuan/share)	13.62	13.34	2.10

1. EXPLANATION ON THE OPERATING RESULTS AND FINANCIAL POSITION

In the first half of 2020, all the principal businesses of the Company realized an increase, and the asset quality and operating results of the Company maintained benign. In the first half of 2020, the Group realized an operating revenue of RMB26,743 million, representing a year- on-year increase of 22.72%, and a net profit attributable to owners of the parent of RMB8,926 million, representing a year-on-year increase of 38.47%.

III.PRINCIPAL FINANCIAL DATA OF CHINA AMC

China Asset Management Company Limited (a subsidiary of the Company, the "China AMC") is held as to 13.9% by Mackenzie Financial Corporation. IGM Financial Inc., the parent company of Mackenzie Financial Corporation, will publish its 2020 second quarterly results recently, which contains the principal financial data of China AMC. In accordance to the principle of fairness with regard to information disclosure, the Company hereby discloses the principal financial data of China AMC for the first half of 2020 as follow: As of 30 June 2020, China AMC's total assets amounted to RMB11,932 million and its total liabilities amounted to RMB2,703 million. For the six months ended 30 June 2020, China AMC realized an operating revenue of RMB2,383 million and a net profit of RMB748 million, with a total comprehensive income of RMB765 million. As of 30 June 2020, the asset under management of China AMC (at parent level) is RMB1,247,829 million.

IV.RISK WARNING

The principal financial data of the Company for the first half of 2020 as set out in this announcement is preliminary data, which may be different from the data to be disclosed in the 2020 interim report of the Company, but it is expected that the above-mentioned difference would not exceed 10%. Investors are advised to exercise caution when dealing in the shares of the Company.

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V. DOCUMENTS AVAILABLE FOR INSPECTION

The balance sheet and income statement signed by the legal representative of the Company, Mr. ZHANG Youjun, the Chief Financial Officer of the Company, Mr. LI Jiong, and the head of the accounting department of the Company, Mr. SHI Benliang, and chopped with the official chop of the Company, are available for inspection.

By order of the board of directors

CITIC Securities Company Limited

ZHANG Youjun

Chairman

Beijing, the PRC

29 July 2020

As at the date of this announcement, the executive directors of the Company are Mr. ZHANG Youjun and Mr. YANG Minghui; the non-executive director is Mr. WANG Shuhui; and the independent non-executive directors are Mr. LIU Ke, Mr. HE Jia and Mr. ZHOU Zhonghui.

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