Cinda Asset Management announces 2024 results, dividend proposed

China Cinda Asset Management Co., Ltd. (HKEX: 1359) announced its audited annual results for the year ended December 31, 2024. The company reported a net profit attributable to equity holders of RMB 3,036.4 million, a decrease of 47.8% compared to the previous year. The Board is recommending a cash dividend of RMB 0.2387 per 10 ordinary shares, subject to shareholder approval at the upcoming annual general meeting. In 2024, the total income of the Group decreased by 4.1% to RMB73,039.9 million. Total assets reached RMB 1.638 trillion, representing a 2.8% increase. The company highlighted its continued focus on mitigating financial risks and supporting the real economy, including participation in state-owned enterprise reform and distressed asset resolution. The company's Board consists of 11 directors, including independent and non-executive members. The company emphasized its commitment to high-quality development and compliance with regulatory requirements.