中信金融资产(02799)发布2025年中期业绩，该集团期内取得持续经营活动收入总额311.36亿元(人民 币，单位下同)，同比增加2.91%;公司股东应占利润61.68亿元，同比增加15.66%;每股基本收益0.066 元。 2025年是集团冲刺"三年质效显著提升"、开启"五年成为行业标杆"的关键之年，在中信集团党委的正确 领导下，集团坚定不移落实中央金融工作部署，充分发挥金融救助和逆周期调节功能，积极服务国家战 略，防范化解金融风险，按照"优资产、增收入、抓回现、压不良、促改革、练内功"工作要求，持续强 化主业能力建设，有力服务实体经济，向上向好发展态势持续巩固扩大，经营业绩持续增长。2025年上 半年，集团实现总收入人民币402.21亿元，同比增长21.1%，实现归属于公司股东净利润人民币61.68亿 元，同比增长15.7%，剔除金租公司出表影响同比增长27.5%，年化平均股权回报率21.1%，较2024年度 提升2.7个百分点，年化平均资产回报率1.1%，较2024年度提升0.35个百分点，实现基本每股收益人民 币0.066元，盈利能力持续提升。 ...

2025年是本集团冲刺"三年质效显著提升"、开启"五年成为行业标杆"的关键年，在中信集团党委的正确 领导下，集团坚定不移落实中央金融工作部署，充分发挥金融救助和逆周期调节功能，积极服务国家战 略，防范化解金融风险，按照"优资产、增收入、抓回现、压不良、促改革、练内功"工作要求，持续强 化主业能力建设，有力服务实体经济，向上向好发展态势持续巩固扩大，经营业绩持续增长。 格隆汇8月29日丨中信金融资产(02799.HK)公告，2025年上半年，集团实现总收入人民币402.21亿元， 同比增长21.1%，实现归属于公司股东净利润人民币61.68亿元，同比增长15.7%，剔除金租公司出表影 响2同比增长27.5%，年化平均股权回报率21.1%，较2024年度提升2.7个百分点，年化平均资产回报率 1.1%，较2024年度提升0.35个百分点，实现基本每股收益人民币0.066元，盈利能力持续提升。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國中信金融資產管理股份有限公司（「本公司」）董事會宣佈本公司及附屬公司截至2025年6 月30日止六個月之未經審計業績。本業績公告符合《香港聯合交易所有限公司證券上市規則》 中有關中期業績初步公告附載的資料之要求。本公司2025年中期報告的印刷版本將於2025年 9月寄發予申請收取印刷本的本公司H股股東，並可於其時在香港聯合交易所有限公司的網站 www.hkexnews.hk及本公司的網站www.famc.citic閱覽。 - 1 - 在本業績公告中，除非文義另有所指，下列詞語具有如下含義： 內資股 本公司股本中每股面值人民幣1.00元的普通股，以人民幣 認購或入賬列作繳足 2025 年中期業績公告 | 目錄 | | --- | | 一、釋義 | | 3 | | --- | --- | --- | | 二、公司基本情況 | | 6 | | 三、財務概要 | | 8 | | 四、管理層討論與分析 | | ...

Core Viewpoint - CITIC Financial Assets (02799) has seen a significant shareholder transfer of stocks from Citibank to HSBC, with a market value of HKD 1.214 billion, representing 3.01% of the total shares [1] Group 1: Shareholder Activity - On August 28, CITIC Financial Assets' shareholders transferred stocks from Citibank to HSBC, amounting to HKD 1.214 billion [1] Group 2: Earnings Forecast - CICC has raised its earnings forecast for CITIC Financial Assets by 16% and 20% for 2025 and 2026, respectively, now predicting profits of HKD 11.5 billion and HKD 11.4 billion [1] Group 3: Market Sentiment and Target Price - Due to improved market sentiment and the company's inclusion in the MSCI China Index, CICC has increased the target price for CITIC Financial Assets by 46% to HKD 1.21, corresponding to a 1.85x 2025 estimated P/B ratio and indicating 0% upside potential, while maintaining a neutral rating [1]

Core Viewpoint - CITIC Financial Assets (02799) has seen a significant shareholder transfer from Citibank to HSBC, with a market value of HKD 1.214 billion, representing 3.01% of the total shares [1] Group 1: Shareholder Activity - On August 28, CITIC Financial Assets' shares were transferred from Citibank to HSBC, amounting to a market value of HKD 1.214 billion [1] Group 2: Earnings Forecast - CICC has raised its earnings forecast for CITIC Financial Assets by 16% and 20% for 2025 and 2026, respectively, now estimating profits of HKD 11.5 billion and HKD 11.4 billion [1] Group 3: Market Sentiment and Target Price - Due to improved market sentiment and the company's inclusion in the MSCI China Index, CICC has increased the target price for CITIC Financial Assets by 46% to HKD 1.21, corresponding to a 1.85x 2025 estimated price-to-book ratio with 0% upside potential, while maintaining a neutral rating [1]

Core Viewpoint - Jinzhai Guoxuan New Energy Co., Ltd. has undergone significant changes, including an increase in registered capital and the addition of CITIC Financial Asset Management as a shareholder, indicating potential growth and investment opportunities in the new energy sector [1]. Company Information - Jinzhai Guoxuan New Energy Co., Ltd. was established on March 16, 2023, with a registered capital that has increased from 1 billion RMB to approximately 1.574 billion RMB [1][2]. - The company is involved in battery manufacturing, battery sales, and the production of new energy propulsion equipment [1][2]. - The legal representative of the company is Meng Lingkui, and it is located in Jinzhai Economic Development Zone, Lu'an City, Anhui Province [2]. Shareholder Structure - The current shareholders of Jinzhai Guoxuan include Hefei Guoxuan High-tech Power Energy Co., Ltd. holding approximately 63.53% and CITIC Financial Asset Management Co., Ltd. holding about 36.47% [1][2][3]. - The addition of CITIC Financial Asset Management as a shareholder reflects a strategic partnership that may enhance the company's financial stability and growth prospects [1]. Changes in Corporate Structure - Recent changes include a shift in the market entity type from a limited liability company (solely owned by a non-natural person) to another limited liability company [3]. - The investment structure has been modified, with Hefei Guoxuan High-tech Power Energy Co., Ltd. reducing its stake while CITIC Financial Asset Management has entered as a new investor [3].

● 本报记者程竹吴杨 初秋的九寨沟层林叠翠，碧水如镜。毗邻核心景区的九寨华美胜地度假区，正焕发出前所未有的活力： 藏羌非遗博物馆2.0版落成，新投用的萌宠乐园成为亲子出游的热门场所，丽思卡尔顿隐世酒店吸引着 全球高端客群入住……谁能想到，这里一年多前还深陷资产低效、财务承压的困境？中国证券报记者日 前调研了解到，从"沉睡资产"到"活力绿洲"的华丽转身，正是中国中信金融资产创新运用"AMC+银 行"协同模式，深度赋能央企文旅项目破局重生的生动实践，也是其从风险化解者向价值创造者转型的 又一例证。 在经济结构调整与产业升级的关键期，如何通过金融创新盘活困境资产、激发经济活力，已成为推动高 质量发展的重要课题。"我们以九寨文旅项目为样本，打造了金融助企纾困、推动绿色转型的典型范 例，为同类项目提供了可复制的'中信方案'。"中国中信金融资产北京分公司项目负责人说。 破局：协同模式注入转型动力 九寨华美胜地度假区项目坐拥优质自然资源与文化底蕴，是某央企集团布局文旅产业的重要一环。但受 多重因素制约，项目曾长期面临资产利用率低、运营模式亟待创新等挑战，成为集团战略升级的"痛 点"。 拓界：为行业转型开辟新路径 项目行于此 ...

Core Viewpoint - The transformation of the Jiuzhai Huamei Resort from underutilized assets to a vibrant destination exemplifies the successful implementation of the "AMC + Bank" collaborative model by China CITIC Financial Asset, showcasing its shift from a risk mitigator to a value creator [1][2]. Group 1: Project Overview - Jiuzhai Huamei Resort, part of a central enterprise's cultural tourism strategy, faced challenges such as low asset utilization and the need for innovative operational models [1]. - The project has undergone a significant transformation, with the introduction of new attractions like the upgraded Intangible Cultural Heritage Museum and a pet park, enhancing its appeal to families [1][2]. Group 2: Financial Performance - The resort achieved a revenue of 91 million yuan in the first half of 2025, reflecting a year-on-year growth of 24.15% [2]. - The core hotel segment aims for a positive EBITDA this year, with a notable reduction in the debt-to-asset ratio compared to before the revitalization efforts [2]. Group 3: Collaborative Model - The "AMC + Bank" model integrates the expertise of CITIC Financial Asset with banking resources to create a comprehensive financial service system, addressing issues like asset restructuring and debt optimization [2][3]. - This model has been recognized as a replicable solution for similar projects, with Jiuzhai Huamei Resort being selected as a typical case by the National Development and Reform Commission [3]. Group 4: Industry Impact - The successful revitalization of the Jiuzhai Huamei Resort not only strengthens the central enterprise's transformation but also serves as a benchmark for financial support in the cultural tourism sector [3][4]. - The experience gained from this project enhances CITIC Financial Asset's expertise in green finance, paving the way for further collaborations with other enterprises seeking transformation [4].

Core Viewpoint - The Qingdao turbine group, once a key player in China's turbine manufacturing, is undergoing a significant restructuring process to recover from financial difficulties, with the support of China CITIC Financial Assets, which has implemented a comprehensive financial rescue plan [1][2][6] Group 1: Company Background and Challenges - The Qingdao turbine group has over 1,200 employees and nearly 1,000 creditors, with total debts exceeding 6 billion yuan [1] - The company faced severe operational challenges due to equity disputes and management issues after 2010, leading to a court-ordered restructuring in 2022 [1] Group 2: Financial Rescue Actions - In early 2022, CITIC Financial Assets identified the group's debt issues and initiated a "breaking the ice" operation to understand the situation better [2] - In 2024, the project team launched a "dual-line operation" to facilitate the restructuring process, ensuring timely communication and approval of the restructuring plan [2] Group 3: Recovery Strategies - The recovery plan includes a "three-dimensional repair plan" focusing on financial support, management restructuring, and industry integration [3][4] - Financial support involved creating a trust structure and implementing debt restructuring to stabilize operations and resume production [3] - Management restructuring included optimizing procurement processes, real-time data monitoring, and establishing mentorship programs for skilled workers [4] Group 4: Broader Implications - The financial rescue not only aims to revive the turbine group but also reflects a broader commitment to supporting the high-end manufacturing sector in China [6] - The collaboration among various CITIC entities has provided a comprehensive financial service package, enhancing the group's innovation capabilities and operational efficiency [6]

Core Viewpoint - CITIC Financial Assets announced preliminary mid-term financial data, projecting a net profit attributable to shareholders of approximately RMB 6 billion to 6.2 billion for the first half of 2025, representing a year-on-year growth of about 12.5% to 16.3% [1] Financial Performance - The expected net profit growth, excluding the impact of the leasing company's off-balance sheet, is approximately 23.9% to 28.2% compared to the same period last year [1] - The company has strengthened its main business capabilities and continued to support the real economy, leading to sustained growth in operating performance [1] Strategic Initiatives - CITIC Financial Assets is actively implementing central financial work directives, focusing on financial rescue and counter-cyclical adjustments, while also seizing national policy opportunities [1] - The company has increased its main business investments, particularly in business revitalization and equity business, resulting in significant growth in main business income [1] Risk Management - The company has deepened its comprehensive risk management system, enhancing asset quality, with current provisions for asset impairment losses and non-performing assets amounting to approximately RMB 21.8 billion [1] - Future risk resilience is expected to improve as the company continues to strengthen its financing capabilities and innovate financing tools, with a year-on-year decrease in financing costs [1] Future Outlook - In the second half of the year, CITIC Financial Assets aims to enhance operational quality and efficiency, striving to become a benchmark in the non-performing asset industry while better serving national strategies and the real economy [1]