Gelonghui, May 6 | Haitong Securities Research Report pointed out that CITIC Securities (600030.SH) maintains various business advantages and benefits from the policy orientation of “supporting the good and limiting the bad”. It is expected that the company will continue to maintain its leading position in the future. The reasonable value range is 23.41-25.36 yuan/share, maintaining the “superior to the market” rating. Q1 achieved operating income of 13.76 billion yuan, -10.4% year-on-year; net profit to mother of 4.96 billion yuan, -8.5% year-on-year. The company's asset management business revenue in the first quarter was 2.36 billion yuan, -5.6% year-on-year. At the end of 2023, the total asset management scale of the company was 1388.5 billion yuan, including a pooled asset management plan, a single asset management plan, and a special asset management plan. The scale was 297.7 billion yuan, 841.7 billion yuan, and 249 billion yuan respectively. The company's private equity asset management business (excluding pension services, public equity products and asset securitization products) had a market share of 13.71%, ranking first in the industry.