Core Insights - Citic Financial Asset has increased its stake in Hangyang Co., Ltd., a company with a market capitalization of 26.3 billion yuan, through a block trade on October 28, acquiring 13,968,400 shares, which represents 1.43% of the total share capital [2][4] - Following this transaction, Citic Financial Asset holds a total of 48,917,667 shares in Hangyang, amounting to 5% of the company's total share capital, which is considered a "stake increase" in the market [2][4] Summary by Sections - **Transaction Details** - On October 28, a block trade involving 13,968,400 shares of Hangyang was executed at a price of 26.06 yuan per share, slightly lower than the closing price of 26.14 yuan on that day, resulting in a transaction value of 364 million yuan [5] - The buyer was Citic Securities' Beijing Business Center, while the seller was Citic Securities' Beijing headquarters [5] - **Company Background** - Hangyang Co., Ltd. is recognized as a world-class supplier of air separation equipment and low-temperature petrochemical equipment, and is a pioneer in China's gas industry [5] - The company is controlled by the Hangzhou State-owned Assets Supervision and Administration Commission and is involved in gas, equipment and engineering, high-end manufacturing, and is actively expanding into energy-saving and green low-carbon industries [5] - **Citic Financial Asset Overview** - Citic Financial Asset, formerly known as China Huarong Asset Management Company, focuses on distressed asset management, asset management, and investment business [5] - As of June 2025, Citic Financial Asset reported total assets of 1,010.933 billion yuan, with total revenue of 40.221 billion yuan and a net profit of 6.168 billion yuan for the first half of 2025 [6] - The company is a significant shareholder in several other listed companies, including Citic Limited, Everbright Bank, and others [7]

Core Viewpoint - China CITIC Financial Asset (02799.HK) has released a positive profit forecast, expecting a net profit of approximately 6 to 6.2 billion RMB for the first half of 2025, representing a year-on-year growth of about 12.5% to 16.3% [1] Financial Performance - The company reported a significant increase in net profit for 2024, reaching 9.618 billion RMB, which is 5.4 times that of the previous year, with total revenue of 112.766 billion RMB, a year-on-year growth of 60% [3] - The company's market share in the acquisition and disposal of non-performing assets remains among the industry leaders, with a balance of approximately 180 billion RMB in non-performing asset debt as of 2024 [3] Strategic Developments - The company aims to become a benchmark in China's non-performing asset management industry, leveraging deep collaboration with CITIC Group to expand its core business [2] - The company has successfully revitalized several projects, including the Guangxi Wuxiang Ocean City and Shanghai Yihua Courtyard, contributing to its high-quality business development [4][5][6] Investment Opportunities - The company has made significant strides in equity investment, with a 191% increase in equity stakes in joint ventures and associates, totaling 216.325 billion RMB by the end of last year [7] - Recent investments include increasing stakes in major banks such as Everbright Bank and Bank of China, enhancing its strategic asset allocation in the energy sector through a 26 billion RMB investment in State Grid New Source Holdings [8][9] Market Recognition - The company has been included in the MSCI China Index, reflecting its growing influence and investment value in the international capital market [10][11] - International institutions, including Moody's and Fitch, have recognized the company's improved financial stability and risk management capabilities, leading to upgraded ratings [10][12] Industry Outlook - The introduction of new regulations for asset management companies is expected to create a favorable environment for the non-performing asset industry, presenting significant growth opportunities [13]

Group 1 - The company is seeking candidates for various positions, including business department head and business development roles, focusing on non-performing asset management and financial services [1][3] - The business department head is responsible for achieving operational targets, managing non-performing assets, and overseeing financial services and investment operations [1] - The business development role involves marketing and developing non-performing asset management, conducting due diligence, and managing projects [3] Group 2 - Candidates for the business department head position should be under 45 years old, hold a bachelor's degree or higher, and have over 8 years of relevant experience in asset management or investment banking [2] - The business development role requires candidates to be under 35 years old, possess a bachelor's degree or higher, and have at least 3 years of experience in financial marketing or bankruptcy management [4] - Familiarity with the non-performing asset market in Qingdao is preferred for both positions, along with relevant professional certifications [5] Group 3 - Applications can be submitted online through a specified website, with a restriction that candidates can only apply for one position within the same company [6] - The company ensures confidentiality of applicants' information and advises on personal information protection [7] - Communication with applicants will be conducted via SMS or email during the recruitment process, and candidates are responsible for the accuracy of their application materials [8]