CITIC FAMC (02799) announced that based on the group's preliminary interim financial data calculated according to International Financial Reporting Standards, the group's net profit attributable to shareholders for the first half of 2025 is expected to be approximately RMB 6.0-6.2 billion, representing a year-on-year increase of about 12.5%-16.3%. Excluding the impact of the financial leasing company's deconsolidation, the growth rate would be approximately 23.9%-28.2% compared to the same period last year.
In the first half of 2025, the group earnestly implemented central financial work arrangements, fully leveraged financial rescue and counter-cyclical adjustment functions, actively served national strategies, and prevented and resolved financial risks. Following the work requirements of "optimizing assets, increasing income, enhancing cash recovery, reducing non-performing assets, promoting reform, and strengthening internal capabilities," the company continued to strengthen core business capacity building, effectively served the real economy, and maintained sustained upward momentum with continued growth in operating performance.
The company seized national policy opportunities and the critical period of industry development transition, continuously increased core business investment, with significant growth in income from distressed asset resolution, equity business and other core operations, while asset returns steadily improved. Financing capabilities continued to strengthen with innovative financing instruments and year-on-year decline in financing costs.
Comprehensive risk management system construction continued to deepen, further consolidating asset quality. Current provisions for asset impairment losses and unrealized fair value changes from non-performing debt assets and other major unlisted assets totaled approximately RMB 21.8 billion, continuously enhancing future risk resilience.
2025 marks a crucial year for the group to sprint toward "significant quality and efficiency improvement over three years" and launch the goal of "becoming an industry benchmark within five years." In the second half, the group will deeply advance its "1-3-5" strategy, resolutely complete the third step of the "two-year, three-step" plan, fully achieve the strategic goal of "significant quality and efficiency improvement over three years," continuously enhance operational quality and efficiency, strive to build an industry benchmark in the non-performing asset sector, and better serve national strategies and the real economy.