Core Viewpoint - China CITIC Financial Asset Management Co., Ltd. reported strong financial performance in the first half of 2023, with total revenue of 40.221 billion yuan, a year-on-year increase of 21.1%, and a net profit attributable to shareholders of 6.168 billion yuan, up 15.7% [1][2] Financial Performance - The company achieved total assets of 1,010.933 billion yuan as of June 30, 2023, an increase of 26.605 billion yuan from the end of the previous year [1] - In the first half of 2023, the company reported a significant improvement in key operational indicators, with a 180.8% year-on-year increase in revenue from the acquisition and disposal of non-performing assets, totaling 1.691 billion yuan [6] Stock Performance - The company's stock price increased by 62.5% in 2024, with a substantial growth of 96.92% in the first half of the year, reflecting strong market recognition of its performance [2] - The company was included in several major indices, including the Hang Seng Composite Index and MSCI China Index, indicating a positive market perception [2] Strategic Focus - The company is actively aligning its operations with national strategies, focusing on sectors such as technology finance and green finance, with over 5 billion yuan invested in semiconductor and new materials industries in the first half of 2023 [7][8] - The company emphasizes its role in supporting state-owned enterprise reforms and traditional industry upgrades, identifying investment opportunities in key sectors like strategic mineral resources and clean energy [8] Real Estate Risk Management - The company has been proactive in addressing risks in the real estate sector, with a total investment of 55.9 billion yuan in 93 real estate relief projects since 2022, resulting in the delivery of 75,900 homes and the resumption of 263 billion yuan in project value [9] - Specific initiatives include debt restructuring and funding for problem projects, such as the Xuzhou Pan'an Lake project, which facilitated the delivery of nearly 3,000 sold properties [9][10]