CITIC Financial AMC reports strong interim profit growth, driven by asset management

China CITIC Financial Asset Management Co., Ltd. reported a total income of RMB31,136.4 million for the six months ended June 30, 2025, a 2.9% increase year-on-year. Profit attributable to equity holders of the company rose by 15.7% to RMB6,167.6 million, with basic earnings per share at RMB0.066. The distressed asset management segment was a primary driver, with total income increasing by 58.3% to RMB30,597.8 million.

The Group's total assets as of June 30, 2025, reached RMB1,010,933.3 million, up 2.7% from the end of 2024. This growth was notably influenced by a 20.3% increase in interests in associates and joint ventures to RMB260,246.2 million. Total liabilities also increased by 2.5% to RMB958,001.9 million.

Despite an increase in impairment losses under the expected credit loss (ECL) model by 72.6% to RMB16,856.7 million, the company's annualized ROAE increased to 21.1%, reflecting improved profitability and risk resistance capacity. No interim dividend was declared for 2025.