According to the Zhitong Finance App, China Cinda (01359) announced the results for the year ended December 31, 2023. The group obtained total revenue of RMB 76.168 billion (same unit), a year-on-year decrease of 5.95%; profit attributable to the company's shareholders was RMB 5.821 billion, a year-on-year decrease of 7.8%; earnings per share were 0.11 yuan, and a proposed cash dividend of RMB 0.4576 per 10 shares.

In 2023, the company's management carried out work in accordance with the law in accordance with the authorization. The scale of the company's assets was stable, new investment was steady, payback increased dramatically, and the financing structure was continuously optimized. At the end of 2023, the Group's total assets were 1.6 trillion yuan, and the main non-performing asset management business increased steadily, and the operating advantage of “main owners and specialists” was further strengthened; on the basis of speeding up endogenous defect resolution and revitalization and focusing on consolidating asset quality, it achieved net profit attributable to the company's shareholders of 5.82 billion yuan, an average return on shareholders' equity of 2.70%; total comprehensive income attributable to the company's shareholders was 7.07 billion yuan, an increase of 125.1% over the previous year; capital adequacy ratios at all levels remained at a reasonable and safe level.

In 2023, the company stuck to the main position of financial non-performing assets. It acquired nearly 300 batches of bank non-performing assets throughout the year, with an acquisition scale of over 180 billion yuan, maintaining a leading position in the open market; disposed of and recovered more than 63 billion yuan in cash, an increase of 23% over the previous year. We use our professional ability to help small and medium-sized financial institutions reform and improve insurance. The amount of non-performing loans from 79 small and medium-sized banks was acquired throughout the year to promote the smooth and orderly reform and restructuring of high-risk financial institutions and mitigate risks. Helping to establish a new model for real estate development, actively participate in “insurance handover buildings”, drive the resumption of work and production of more than 130 billion yuan projects, and guarantee the delivery of nearly 40,000 commercial housing units. Help physical enterprises with restructuring and capital market bailouts, and be a good solution designer, value finder, risk solver, financial supporter, and resource integrator for distressed enterprises.

In 2023, the company actively served leading enterprises in the fields of energy security, food security and the “double carbon” strategy, adding nearly 15 billion yuan of investment in the energy and basic industries throughout the year; increasing financial support for new energy enterprises, helping enterprises reduce leverage, and issuing a comprehensive financial service plan for the NEV industry chain, making positive contributions to effectively helping stabilize, secure and strengthen the chain. Many measures have been taken to help the reform and upgrading of state-owned enterprises, adding 21.1 billion yuan in related fields. The company was selected by the National Development and Reform Commission as an effective investment support agency to revitalize existing assets and expand. We actively help the development of new quality productivity, serve 168 high-tech enterprises throughout the year, with a total investment of over 28 billion yuan, and support advantageous enterprises in the fields of biomedicine, medical devices, semiconductors, aerospace, etc. to supplement capital and reduce leverage. Actively develop inclusive finance and pension finance, and further improve the quality and efficiency of financial services in the real economy.

In 2023, the company focused on customer development and built the “Ten Provinces and Twenty Cities” comprehensive marketing campaign brand. It visited more than 11,000 customers, an increase of 2.5 times over the previous year. 92 strategic cooperation agreements were signed throughout the year, and cooperative relationships have been established with 17 provincial and municipal local governments, more than 400 financial institution headquarters, and more than 6,600 enterprises. A “1+14+N” financial expert service team was formed to hold seminars and symposiums in 14 cities. More than 1,140 high-quality enterprise customers and more than 2,300 senior business executives attended the conference. The brand image continues to improve, build a “walk ahead” asset promotion brand, promote resource integration and information sharing; establish the “Cinda Research Voice” to raise the voice of Cinda on hot issues in the economic and financial fields; and create the “China Securities Cinda Central Enterprise Quality 50 Index” to continuously enhance the soft power of corporate culture.