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On August 27th, China Cinda Asset Management Co., Ltd. (hereinafter referred to as "China Cinda") released its interim performance for the year 2024. The data shows that China Cinda achieved a revenue of 35.076 billion yuan in the first half of the year, a year-on-year increase of 2.27%. In the main responsibilities and core businesses, the risk resolution in key areas such as small and medium financial institutions, real estate, and local government debt remained an important business focus in the first half of the year. Among them, China Cinda acquired non-performing debts of 43 local small and medium banks totaling 30 billion yuan in the first half of the year, and entrusted the disposal of 10.7 billion yuan of non-performing assets of small and medium banks.

The data indicates that as of the end of June 2024, China Cinda's total assets amounted to 1.58 trillion yuan, with the asset scale remaining stable. The revenue achieved in the first half of the year was 35.076 billion yuan, a year-on-year increase of 2.27%. The net profit attributable to the company's shareholders was 2.156 billion yuan. The core tier-1 capital adequacy ratio, tier-1 capital adequacy ratio, and capital adequacy ratio were 11.69%, 16.34%, and 17.48%, respectively, with a reasonable and sufficient capital level and stable risk resistance capability.

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At the same time, the company's business structure is also continuously solidifying. China Cinda stated that as of the end of June 2024, the total assets of the non-performing asset operation segment were 885.123 billion yuan, with a total revenue of 18.435 billion yuan, accounting for 55.9% and 52.6% of the group's total assets and total revenue, respectively, maintaining a leading advantage. Among them, the total assets of the acquisition and operation category were 247.183 billion yuan, with a stable asset reserve. The total assets of the financial services segment were 693.945 billion yuan, with a total revenue of 16.928 billion yuan. Among them, the Nanyang Commercial Bank's total revenue was 11.824 billion yuan, a year-on-year increase of 15.49%; the pre-tax profit of Jingu Trust was 375 million yuan, a year-on-year increase of 79.60%; and the pre-tax profit of Cinda Leasing was 417 million yuan, a year-on-year increase of 54.21%.

China Cinda pointed out that risk prevention and control is an eternal theme of financial work. In the first half of the year, the company continued to delve into financial non-performing assets and actively participated in the risk resolution of key areas such as small and medium financial institutions, real estate, and local government debt, effectively alleviating the difficulties of problematic enterprises.

Specifically, in terms of asset acquisition, the company expanded the acquisition channels, unblocked supply and demand bottlenecks, and actively supported various types of financial institutions to activate and dispose of non-performing assets. In the first half of the year, it added 55.81 billion yuan of principal of financial non-performing debts, continuing to maintain a leading position in the open market for bank non-performing assets. In terms of asset disposal, the net income from the acquisition and operation of non-performing assets was 5.109 billion yuan, a year-on-year increase of 11.53%; as of the end of June, China Cinda assisted 23 bank financial institutions in preserving and recommending non-performing assets and debt-collateralized assets, with a cumulative recommendation amount of non-performing assets exceeding 800 billion yuan.

In terms of resolving risks in key areas, the company actively participated in the reform and risk prevention of small and medium financial institutions, undertaking tasks such as formulating plans, due diligence valuation, and trustee assistance. In the first half of the year, it acquired non-performing debts of 30 billion yuan from 43 local small and medium banks and entrusted the disposal of 10.7 billion yuan of non-performing assets of small and medium banks, helping to maintain local financial stability. It deeply participated in the risk resolution of real estate and the work of ensuring housing delivery, categorized and participated in the revitalization of problematic projects, helped to build a new model of real estate development, and in the first half of the year, 16 real estate risk resolution and housing delivery projects were implemented, ensuring the on-time delivery of 17,000 commercial housing units, and driving the resumption of production and operation of 33.7 billion yuan projects. In serving the risk resolution of local government debt, it participated in the formulation and implementation of local debt plans in accordance with market-oriented and rule-of-law principles, provided intellectual support such as consulting and advisory services, and actively participated in the risk resolution of local debt in key areas with a "one place, one policy" approach.

In addition, in terms of serving the real economy, China Cinda stated that the company actively served the coordinated regional development strategy and major regional strategies. In the first half of the year, it held more than 70 regional collaborative meetings, exchanged and cooperated with 72 provincial and municipal governments, held four financial expert service group precision docking activities, promoted related project investments of 27.5 billion yuan, and built a new pattern of serving regional development.