China Cinda reports stable 2024 performance, proposes dividend increase

China Cinda Asset Management Co. (HKEX: 1359) reported stable asset levels for 2024, navigating mounting external pressures and internal difficulties. The company's financial results, as detailed in its 2024 Annual Report, showed a profit of RMB 3,508.2 million, enabling the board to propose a cash dividend of RMB 0.2387 per 10 shares. This dividend plan is subject to approval at the forthcoming annual general meeting. The company's distressed asset management activities continue to mitigate financial risks while supporting the real economy, supported by approximately 14,000 employees as of December 31, 2024. In 2024, China Cinda’s newly added risk assets dropped to the lowest level in the past three years, demonstrating more comprehensive risk management and precise risk prevention.