China CITIC Financial AMC posts strong 2024 results

** China CITIC Financial Asset Management Co., Ltd. (HKEX: 2799) reported a significant increase in profitability in its 2024 annual report, with revenue reaching RMB112.766 billion, a 60% year-over-year increase. Net profit attributable to equity holders jumped to RMB9.618 billion, a 5.4-fold increase compared to the previous year. The company attributed the robust performance to its "One-Three-Five" strategic objectives, with the distressed asset management segment accounting for 86.7% of total assets.