On August 27, China Cinda Asset Management Co., Ltd. (Stock Code HK: 1359, hereinafter referred to as "CHINA CINDA") announced its interim results for 2025. During the first half of 2025, under the leadership of China Investment Corporation's Party Committee, CHINA CINDA focused on its core responsibilities and primary business, leveraging its role as a financial asset management company to actively contribute to risk prevention and resolution while serving the real economy.
In the first half of the year, CHINA CINDA deepened its focus on financial non-performing asset business, implementing effective measures to address new changes in the non-performing asset market, broadening acquisition channels, increasing effective deployment, balancing asset turnover with value preservation, and continuously improving disposal effectiveness. During the period, the company acquired RMB 25.506 billion in new financial non-performing debt assets, representing a year-on-year increase of 56.80%. The company diversified its asset acquisition types and actively supported various types of financial institutions in revitalizing and disposing of non-performing assets. It newly acquired 342,000 individual loan non-performing assets, involving RMB 4.7 billion in principal.
As of the end of June 2025, CHINA CINDA's total assets reached RMB 1.68 trillion, an increase of 2.62% from the end of the previous year. Total liabilities stood at RMB 1.46 trillion, up 2.80% from year-end. Equity attributable to shareholders of the company was RMB 197.29 billion, growing 1.60% from the previous year-end. The company achieved net profit attributable to shareholders of RMB 2.281 billion in the first half, representing a year-on-year increase of 5.78%.
As of the end of June 2025, CHINA CINDA's non-performing asset business recorded total assets of RMB 938.229 billion, up 2.51% from year-end, with total revenue of RMB 18.491 billion, increasing 0.30% year-on-year. The company promoted effective investment deployment and focused on asset turnover, with the parent company achieving "double growth" in new investments and cash recovery compared to the same period last year. New investment deployment reached its best level in nearly five years.
Regarding the financial services segment, total assets reached RMB 736.737 billion as of the end of June 2025, up 1.23% from year-end. Pre-tax profit was RMB 3.518 billion, surging 63.87% year-on-year. Specifically, Nanyang Commercial Bank recorded pre-tax profit of RMB 2.014 billion, up 22.68% year-on-year; Cinda Securities achieved pre-tax profit of RMB 1.138 billion, jumping 82.37% year-on-year; Golden Valley Trust generated pre-tax profit of RMB 602 million, rising 60.45% year-on-year; and Cinda Financial Leasing posted pre-tax profit of RMB 709 million, climbing 69.93% year-on-year.
Transformation and development accelerated. In the first half of 2025, new investment in other non-performing asset businesses totaled RMB 30.415 billion, surging 88.19% year-on-year. Among these, the proportions of new investments in energy and infrastructure industry restructuring, real estate risk resolution, new quality productive forces transformation and upgrading, and central and local state-owned enterprise reform enhancement were 32.7%, 17.8%, 21.5%, and 27.8% respectively, demonstrating balanced and reasonable new investment allocation.
During the first half, CHINA CINDA further strengthened its bottom-line thinking and systematic approach, continuously enhancing its prudent operation capabilities and consolidating the foundation of risk compliance management. The company thoroughly implemented the risk management philosophy of "proactive management and maintaining bottom lines," continuously improved comprehensive risk management system construction, and optimized risk management policies and indicators. It implemented forward-looking risk control, consolidated customer and project access standards, strengthened business review and oversight, enhanced post-investment project management, and comprehensively identified, assessed, and disclosed project risks.
The company persisted in treating compliant and prudent operations as the lifeline and cornerstone of survival and development, continuously conducting internal control compliance enhancement activities, and firmly establishing the concept of "internal control priority, compliance as foundation."