CITIC Securities Chairman and CEO's annual income is 26.61 million, and more than half of the directors have been replaced.

By Rui Finance, Xu Shumin

The 30th anniversary of Citic Securities is destined to be anything but ordinary.

In the past year of 2025, Citic Securities served as the exclusive sponsor for 2025’s largest-scale Sci-Tech Innovation Board IPO—Moore Threads IPO—released the “Xin100” wealth management brand, with the cumulative number of customers exceeding 17 million, and the public fund A and H-share trading volume market share of 7.65%. All areas of business development have had standout highlights.

In his remarks, Citic Securities Chairman Zhang Youjun specifically emphasized that Citic Securities “achieved record highs in full-year operating performance, and that all businesses continue to maintain industry-leading positions.”

Leading in scale—significant advantages in scale such as net capital, net assets, and total assets—make it the first securities firm in China whose total asset scale has surpassed 1 trillion yuan.

By the end of 2025, Citic Securities’ total asset scale reached 2.08 trillion yuan, up 21.7% from the end of the previous year.

First in the profit ranking—operating revenue and net profit have ranked first in the industry for consecutive years.

In 2025, Citic Securities achieved operating revenue of 74.854 billion yuan, up 28.79%, and attributable net profit of 30.076 billion yuan, up 38.58%.

At the same time, Citic Securities’ number of employees increased, and employee-related expenses rose.

By the end of 2025, Citic Securities had 26,823 employees, up 42 from 26,781 at the end of the previous year.

On operating expenses, in 2025, Citic Securities’ operating expenditures were 34.689 billion yuan, up 17.14%, mainly due to changes in business and administrative fees. Business and administrative fees were 33.114 billion yuan, up about 10%.

Among them, employee-related expenses were 21.776 billion yuan, up 3.49% year over year. Roughly converting employee-related expenses, Citic Securities’ monthly full-scope human resources cost was about 67,700 yuan.

All this growth is inseparable from the efforts of Zhang Youjun.

At 60 years old, Zhang Youjun has been steering Citic Securities for nearly ten years, and his contributions are substantial. He joined when Citic Securities was established in 1995, and previously held roles such as general manager of the Trading Department, assistant/associate general manager, and deputy general manager—so he can be considered one of the founding veteran executives.

According to disclosures, from 2020 to 2025, Zhang Youjun’s annual salary was 4.915 million yuan, 5.854 million yuan, 5.614 million yuan, 5.047 million yuan, 2.3033 million yuan, and 2.3034 million yuan, respectively.

As Citic Securities enters a new stage, Zhang Youjun said, “At thirty, you stand on your own; take the next step to begin a new journey.”

In 2026, the Citic Securities board of directors’ term renewal will also need to be scheduled.

Each board term is three years; it officially begins from the date when shareholders’ meeting elects the new members of the board of directors.

Previously, in December 2025, Citic Securities had already announced the postponement of the board’s renewal. It stated that, given that the nomination of relevant director candidates had not yet been completed, the election for the new term was still being prepared.

Rui Finance has also previously reported that under the postponement, the personnel of Citic Securities’ board have been adjusted one after another.

The latest financial reports show that most members of Citic Securities’ board of directors have recently changed. For example, executive director Zhang Changyi; non-executive directors Li Yi, Liang Dan, and Zhang Xuejun; independent non-executive directors Liu Qiao and Li Lanbing; employee director Shi Liang, etc. Their term start dates are all December 19, 2025.

In March, Wu Yonggao became a candidate for non-executive director. Wu Yonggao currently serves as Deputy Party Secretary of Yuexiu Capital, vice chairman, general manager, and secretary of the board of directors, among other roles. Yuexiu Capital is one of the top five shareholders of Citic Securities.

These directors’ term end dates are not specified with exact dates; they are simply listed as “until the term is fulfilled.”

According to the financial reports, Citic Securities experienced 14 changes in directors and senior management in 2025.

For 2025, the pre-tax remuneration received from the company by Citic Securities’ directors and senior management totaled 26.6133 million yuan.

Related company: Citic Securities sh600030