China Cinda reports profit growth despite income dip in H1 2025

China Cinda Asset Management Co., Ltd. reported a net profit attributable to equity holders of RMB2,280.6 million for the first half of 2025, a 5.8% increase year-on-year. This growth occurred despite a 2.0% decrease in total income to RMB34,362.2 million, primarily due to reduced fair value changes on financial instruments and distressed debt assets. This was partially offset by higher other income and net gains. Operating results were also influenced by a 13.4% year-on-year drop in interest income to RMB14,344.2 million, mainly from loans and advances to customers, and a 65.5% increase in credit impairment losses to RMB7,885.3 million.

The group's total assets grew by 2.6% to RMB1,681,860.2 million as of June 30, 2025, while total liabilities increased by 2.8% to RMB1,455,515.1 million. Distressed asset management remained the core business, contributing 53.8% of total income and 55.8% of total assets. Financial services accounted for 46.7% of total income. The company adapted its business strategy and enhanced risk management, particularly in credit and market risk, to support sustained development.