CITIC FAMC (02799) announced its annual results for 2025. The Group demonstrated steady improvement in its operational performance, achieving total revenue of RMB 80.476 billion. Excluding the impact of one-off factors, this represented a year-on-year increase of 43.0%. Profit attributable to the company's shareholders reached RMB 11.086 billion, marking a 15.3% rise compared to the previous year. After adjusting for the impact of the disposal of a financial leasing company, the increase was 17.0%. The average return on equity stood at 18.7%, an improvement of 0.3 percentage points from 2024, while the average return on assets was 0.93%, up by 0.18 percentage points. Basic earnings per share were RMB 0.13. Key operational metrics, including profit scale, profit per employee, and return on equity, led the industry.
The company maintained its foundational commitment to serving the real economy and preventing and resolving risks, leading to a significant enhancement in the quality and efficiency of its core business development. Throughout the year, new deployments in its main business totaled RMB 178.6 billion, an 8% year-on-year increase, reaching the highest level since joining the CITIC Group. A cumulative total of RMB 127.4 billion was deployed to support financial services in five key areas, resulting in the successful implementation of several high-profile benchmark projects.
The scale of newly acquired non-performing asset debt reached RMB 242.1 billion, a 35% increase year-on-year, maintaining a leading market share. Efforts to resolve risks in small and medium-sized financial institutions intensified, with the acquisition of non-performing debt amounting to RMB 90.9 billion, up 23% year-on-year.
The company enhanced its four core business capabilities: acquisition and disposal, merger and restructuring, equity investment, and special bond investment. It also focused on building two key support systems: a high-level research framework and a specialized marketing system. By comprehensively utilizing equity and debt instruments and adhering to an investment and investment banking philosophy, the company continuously expanded its service boundaries and innovated its business models, leading to the sustained forging and comprehensive elevation of its core competitiveness in its main businesses.
Total assets remained at the trillion-yuan level. Profits from the non-performing assets segment increased substantially, and the profitability of core businesses grew steadily. The company accelerated the clearance of existing risks, resulting in continuous declines in both the balance and ratio of non-performing assets. The provision coverage ratio continued to exceed regulatory requirements, strengthening its risk resilience.
Funding capacity improved significantly, with 117 banks extending new credit lines totaling RMB 460.8 billion for the year. The company successfully issued RMB 20 billion in ABS, diversifying its funding sources and continuously optimizing its financing structure. Ongoing improvements were made to the internal control and compliance system, embedding a compliance culture and solidifying a foundation of security, thereby consistently injecting stability into the company's high-quality development.