China CITIC Financial AMC reports strong profitability growth in first half of 2025

In the first half of 2025, China CITIC Financial Asset Management Co., formerly China Huarong Asset Management Corp., reported a total revenue of RMB40,220.5 million, marking a 21.1% year-on-year increase. Net profit attributable to equity holders reached RMB6,167.6 million, up 15.7% from the previous year. Annualized return on average equity increased by 2.7 percentage points to 21.1%, and annualized return on average assets rose by 0.35 percentage points to 1.1%. Basic earnings per share stood at RMB0.066.

The group’s total assets as of June 30, 2025, increased by 2.7% to RMB1,010,933.3 million compared to the end of the previous year. Distressed asset management was the primary income and profit source, with total income from this segment increasing by 58.3% to RMB30,597.8 million. The total assets of this segment grew by 2.7% to RMB856,056.5 million. The group’s total liabilities amounted to RMB958,001.9 million, an increase of 2.5%, with borrowings rising by 6.5% to RMB752,294.4 million.

The company continues to focus on its core business, leveraging its integrated industrial and financial advantages to support the real economy and mitigate financial risks. Regulators have supported AMCs in focusing on core businesses and risk resolution, aligning with national strategies and promoting high-quality development in the industry.