Core Viewpoint - China Cinda Asset Management Co., Ltd. continues to strengthen its core advantages in non-performing asset management, achieving a net profit attributable to shareholders of 3.036 billion yuan in 2024, despite a decline in overall revenue and profit [3][4]. Financial Performance - Total revenue for 2024 was approximately 73.04 billion yuan, a year-on-year decrease of 4.11% [3]. - Net profit attributable to shareholders was 3.036 billion yuan, down 47.84% compared to the previous year [3]. - Total assets reached 1.64 trillion yuan by the end of 2024, reflecting a year-on-year growth of 2.8% [3]. Non-Performing Asset Management - The non-performing asset management segment had total assets of 915.22 billion yuan, contributing 55.8% to the group's total assets [3]. - Revenue from this segment was 40.373 billion yuan, accounting for 55.3% of total revenue [3]. - The net amount of acquired non-performing assets increased by 7.01% to 266.36 billion yuan, while disposal gains from these assets rose by 6.16% to 8.606 billion yuan [3]. Financial Services Segment - The financial services segment reported total assets of 727.76 billion yuan, with revenue of 33.186 billion yuan, marking increases of 4.56% and 2.45% respectively [4]. - Nanchang Commercial Bank generated revenue of 23.228 billion yuan and pre-tax profit of 3.579 billion yuan, up 5.71% and 10.79% year-on-year [4]. - Cinda Securities' total assets grew by 37.22% to 106.902 billion yuan, while Jingu Trust's total assets reached 14.674 billion yuan, with pre-tax profit increasing by 60.43% [4]. Risk Mitigation and Support Initiatives - In 2024, the company actively engaged in risk mitigation in key sectors, acquiring over 220 billion yuan in non-performing assets from banks and supporting the real estate sector [5][6]. - The company participated in 33 projects related to housing delivery, investing nearly 17 billion yuan, which facilitated the delivery of over 20,000 housing units [5]. - Cinda also provided 4.5 billion yuan to help local governments manage debt risks and offered services for debt management and platform transformation [6]. Strategic Focus and Future Outlook - The company aims to enhance financial services to support high-quality economic development and is focusing on bankruptcy restructuring and investment in technology-driven enterprises [6]. - In 2025, China Cinda plans to strengthen its management and risk compliance while consolidating its competitive advantages in the financial sector [6].