Core Viewpoint - The article highlights the significant achievements of China CITIC Financial Asset Management Co., Ltd. during the "14th Five-Year Plan" period, emphasizing its commitment to serving the real economy, managing financial risks, and deepening financial reforms [1][2]. Group 1: Financial Performance - In 2024, the company's net profit attributable to shareholders surged to 9.618 billion yuan, marking its best performance in six years [2]. - The first half of 2023 saw a net profit of 6.168 billion yuan, with an annualized return on equity (ROE) of 21.1%, indicating a positive growth trend [2]. - The company has achieved a "triple increase" in operational performance, showcasing strong development momentum and operational quality [2]. Group 2: Asset Management and Risk Control - The company has optimized its asset structure and quality, with nearly 90% of its non-performing asset management division's assets focused on its core business, contributing to 98.3% of its revenue [2]. - Non-performing asset balances and rates have consistently declined, with a capital adequacy ratio of 15.97% and a provision coverage ratio of 270%, significantly exceeding regulatory requirements [2]. Group 3: Market Recognition and Growth - The company's stock price increased from a low of 0.22 HKD to a high of 1.41 HKD, with a peak market capitalization growth of 554% [3]. - In 2023, the company was included in seven indices, including the Hang Seng Composite Index and the MSCI China Index, reflecting its growing market presence [3]. - The company successfully issued three phases of the "Yunfan" asset-backed securities (ABS) program, totaling 20 billion yuan, achieving record low costs and spreads in its category [3]. Group 4: Strategic Initiatives - The company has expanded its capabilities in asset acquisition, restructuring, equity investment, and special bond investments, effectively supporting the real economy and contributing to national strategies [4]. - Since 2022, the company has acquired approximately 220 billion yuan in non-performing asset packages from small and medium-sized banks, enhancing the resilience and stability of the financial system [4]. - The company has launched 93 relief projects totaling 55.9 billion yuan, ensuring the delivery of 75,900 housing units and facilitating the resumption of projects worth approximately 263 billion yuan [4]. Group 5: Green Finance and Innovation - The company has invested 2.6 billion yuan in green finance initiatives, supporting the construction of pumped storage power stations and participating in equity increases for strategic energy projects [5]. - Over the past three years, the company has invested more than 25 billion yuan in strategic emerging industries and ecological protection, focusing on sectors like semiconductors and new materials [5]. - The company has utilized AI technology to enhance due diligence, valuation, and compliance management across various business segments, significantly improving its operational capabilities [5]. Group 6: Future Outlook - The company aims to align with the "15th Five-Year Plan" and the spirit of the 20th National Congress, focusing on building benchmarks in governance, operational performance, core capabilities, compliance, innovation, and talent development [6]. - The company is committed to advancing its role as a leader in the non-performing asset industry, contributing to the stability and development of China's financial landscape [6].
中信金融资产：经营业绩“三连增” 展现良好发展势头