COFCO CAPITAL(002423)2025-02-18 08:04Group 1: Financial Performance - In the first three quarters of the year, COFCO Capital reported revenue of nearly 20.2 billion, with a growth rate of 17% [1] - The net profit attributable to shareholders reached approximately 1.277 billion, reflecting a year-on-year growth of 35% [1] - Comprehensive income attributable to shareholders exceeded 2.6 billion, with a significant year-on-year increase of 105% [1] Group 2: Business Development - The life insurance business achieved a historical high in new business, with APE and VNB showing substantial growth [1] - Trust business maintained steady development, with a significant increase in trust scale and notable improvements in industry ranking [1] - Futures business continued to leverage its advantages, achieving peak client equity scale and stable development in brokerage business [1] Group 3: Risk Management - COFCO Capital established a unified risk management framework based on the "14th Five-Year Plan," focusing on standardization, centralization, and intelligence [2] - The company aims to prevent new high-risk projects and enhance daily risk management capabilities [2] - Five key risk management mechanisms were strengthened, including risk control system optimization and parallel monitoring and early warning systems [2] Group 4: Integration of Industry and Finance - COFCO Capital formed a dedicated committee for the integration of industry and finance, led by the chairman, to enhance operational synergy [3] - The company identified its main service targets, including COFCO Group and its subsidiaries, as well as upstream and downstream enterprises in the industry chain [3] - Five major goals for industry-finance services were established, focusing on risk management, funding support, rural revitalization, and safeguarding farmers' interests [3]