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China CITIC Financial Asset Management (2799) investor relations material
China CITIC Financial Asset Management H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total revenue for H1 2025 reached RMB40,220.5 million, up 21.1% year-over-year; net profit attributable to equity holders was RMB6,167.6 million, up 15.7% year-over-year, or 27.5% excluding Financial Leasing segment.
Annualized ROAE was 21.1% (up 2.7 percentage points), annualized ROAA was 1.1% (up 0.35 percentage points), and basic EPS was RMB0.066, reflecting improved profitability and operational efficiency.
Profitability improved, driven by strong performance in distressed asset management and equity business.
Financial highlights
Total income from continuing operations was RMB31,136.4 million, up 2.9% year-over-year; profit for the period was RMB5,506.1 million, up 4.4% year-over-year.
Interest income rose 0.4% to RMB4,444.5 million; realized gains on distressed debt assets increased 101.6% to RMB1,721.1 million.
Other income and net gains surged to RMB18,833.1 million, mainly from investment in associates.
Total assets grew to RMB1,010,933.3 million (+2.7% from end-2024); equity attributable to equity holders increased to RMB60,277.7 million (+6.7%).
Total expenses increased 22.1% to RMB35,121.0 million, with impairment losses under ECL model up 72.6% to RMB16,856.7 million.
Outlook and guidance
The company expects continued macroeconomic headwinds globally but anticipates China’s economy to remain stable and positive in H2 2025.
Regulatory changes and policy support are expected to expand distressed asset supply and create opportunities for AMCs, with 2025 designated as a “year of system construction.”
The company will focus on high-quality development, risk mitigation, and industry transformation, aiming to become an industry benchmark.
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