Core Viewpoint - The company has shown significant growth in its non-performing asset management business, with substantial increases in revenue and profit, indicating a successful strategy in acquiring and managing distressed assets [2][3][5]. Group 1: Financial Performance - As of June 30, 2025, the company's total assets reached 10,109.33 billion, an increase of 266.05 billion or 2.7% from the previous year [2]. - The company reported total revenue of 402.21 billion, reflecting a year-on-year growth of 21.1%, and a net profit attributable to shareholders of 61.68 billion, up 15.7% [2]. - Excluding the impact of the financial leasing company, the net profit attributable to shareholders grew by 27.5% compared to mid-2024 [2]. Group 2: Non-Performing Asset Business - The non-performing asset management segment accounts for nearly 90% of the company's total assets and 98.3% of its revenue [2]. - In the first half of 2025, the company achieved revenue of 305.98 billion from its non-performing asset management segment, a significant increase of 58.3% year-on-year, with a pre-tax profit of 121.41 billion, up 522.4% [2]. - The company maintained a leading market share in the acquisition and disposal of non-performing assets, with new acquisitions totaling approximately 1,252 billion, a year-on-year increase of 154.8% [3]. Group 3: Strategic Initiatives - The company has focused on key regions such as the Bohai Rim, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area, which accounted for 74.1% of new asset acquisitions [3]. - The company has implemented a "one-three-five" development strategy, leading to a turnaround from losses to three consecutive profit increases, with an annualized ROE of 21.1% [5]. - Since joining the CITIC Group in 2022, the company has accelerated its transformation and has seen its stock price increase by over 500% in three years, with a market capitalization that nearly doubled compared to the end of the previous year [4][5].