CSC Financial (6066) H2 2024 earnings summary

Executive summary

• Achieved total revenue and other income of RMB32.216 billion in 2024, down 5.19% year-over-year; net profit attributable to equity holders rose 2.68% to RMB7.223 billion.

• Total assets increased 8.35% to RMB566.418 billion; equity attributable to equity holders grew 9.22% to RMB106.469 billion.

• Return on weighted average equity was 8.24%; basic and diluted EPS were RMB0.79.

• Maintained high-quality development amid complex market conditions, with strong performance in technology, green, and inclusive finance.

• Launched first interim dividend in 2024, with total cash dividends for the year at RMB1.98 billion, representing 32.13% of net profit.

Financial highlights

• Net profit attributable to equity holders: RMB7.223 billion, up 2.68% year-over-year.

• Total revenue and other income: RMB32.216 billion, down 5.19% year-over-year.

• Operating profit: RMB8.682 billion, up 3.80% year-over-year.

• Net cash flow from operating activities: RMB1.065 billion, a significant improvement from a net outflow of RMB10.127 billion in 2023.

• Gearing ratio decreased to 75.56% from 76.88% in 2023.

Outlook and guidance

• 2025 is the final year of the 14th Five-Year Plan; focus on building a first-class investment bank and accelerating internationalization.

• Plans to further enhance digital transformation, risk management, and cross-border business integration.

• Will continue to strengthen core business, innovation, and support for national strategies.