Core Insights - China Cinda Asset Management Co., Ltd. reported a total revenue of 403.73 billion yuan from its non-performing asset management segment, accounting for 55.3% of total revenue for the year 2024 [1] Financial Performance - Total assets reached 1.64 trillion yuan, a year-on-year increase of 2.8% [2] - Shareholder equity amounted to 194.18 billion yuan, up 0.7% year-on-year [2] - Net profit attributable to shareholders was 3.036 billion yuan [2] - Core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and total capital adequacy ratio were 11.07%, 15.63%, and 16.75%, respectively, meeting regulatory requirements [2] Business Segment Performance - The non-performing asset management segment had total assets of 915.22 billion yuan, contributing 55.8% to total assets and 55.3% to total revenue [2] - The net amount of acquired non-performing assets increased by 7.01% to 266.36 billion yuan [2] - Disposal income from acquired non-performing assets rose by 6.16% to 8.606 billion yuan [2] - Other non-performing asset business scale reached 211.12 billion yuan, with revenue increasing by 10.75% and 113.09%, respectively [2] Financial Services Segment - The financial services segment had total assets of 727.76 billion yuan, with total revenue of 33.186 billion yuan, reflecting growth of 4.56% and 2.45% respectively [3] - Nanchang Bank reported total revenue of 23.228 billion yuan and a pre-tax profit of 3.579 billion yuan, increasing by 5.71% and 10.79% respectively [3] - Xinda Securities' total assets grew by 37.22% to 106.90 billion yuan [3] - Jingu Trust's total assets reached 14.674 billion yuan, with a pre-tax profit of 743 million yuan, marking increases of 60.43% and 62.58% respectively [3] Strategic Initiatives - China Cinda has actively adapted to new market conditions for risk resolution, focusing on high-quality development of non-performing asset management [4] - The company expanded its acquisition channels, successfully acquiring over 220 billion yuan in bank non-performing assets [4] - The company also ventured into overseas markets, acquiring over 7.6 billion yuan in foreign non-performing assets [4] - In asset disposal, the company maintained over 50 billion yuan in asset recovery for seven consecutive years [5] Risk Mitigation Efforts - The company supported small financial institutions by acquiring over 140 billion yuan in non-performing assets [5] - It participated in risk resolution in the real estate sector, investing nearly 17 billion yuan to support housing delivery and urban renewal projects [5] - The company provided 4.5 billion yuan to help local governments manage debt risks [6]
中国信达发布2024年度经营业绩：不良资产经营板块收入总额403.73亿，占总收入的55.3%