News Column

Cinda H1 net to CNY5.2bn, Up 30.3%

August 28, 2014

BEIJING, August 28, SinoCast -- China Cinda Asset Management recorded net profit attributable to shareholders of CNY 5.296 billion in the first half of this year, growing 30.3% year on year.

Annualized rate of return on equity was 13.3% and annualized rate of return on total assets was 2.5%.

As of the end of June, income arising from non-performing assets was CNY 12.2 billion, growing 29.8% and accounting for 47.4% of total income.

Distressed debt assets balance under receivables accounts reached CNY 162.4 billion, surging 102.8%, but average monthly annualized rate of return dropped to 12.2%.

Investment income amounted to CNY 3.974 billion, growing 1.7% and accounting for 15.4% of total income.

Total assets reached CNY 482.1 billion, growing 25.6% over the end of the previous year; total liabilities amounted to CNY 391.3 billion, growing 30%; total equities reached CNY 90.7 billion, growing 9.7%.

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Source: Sinocast Investing & Securities Beat (China)

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