CHINA CINDA (01359) published its audited 2025 results. Net profit attributable to equity holders grew 17.30% year-on-year to RMB3.56 billion, reversing the prior-year decline. Basic earnings per share rose to RMB0.05.
\n\nTotal income slipped 1.20% to RMB72.17 billion, weighed by lower interest and fair-value gains, while total costs increased 3.40% to RMB75.99 billion as impairment charges on assets more than doubled. Return on average equity improved to 1.24% (2024: 0.92%), and ROA stood at 0.02%.
\n\nBy segment, distressed-asset management remained the core business, contributing RMB41.94 billion, or 58.1% of total income. Financial services—including banking, securities, trust, leasing and other platforms—generated RMB31.23 billion, or 43.3% of total income. Segment profit attributable to shareholders came mainly from financial services (RMB4.15 billion), offsetting a RMB0.28 billion contribution from distressed-asset management.
\n\nTotal assets expanded 5.02% to RMB1.72 trillion, while total equity inched up 0.22% to RMB223.66 billion. The core tier-1, tier-1 and capital adequacy ratios were 9.73%, 13.77% and 13.77% respectively, all above regulatory minimums. The leverage ratio (interest-bearing liabilities/equity) was 6.3:1 (2024: 6.0:1).
\n\nOperating cash flow remained positive at RMB26.63 billion. Liquidity indicators were stable; the group held cash and equivalents of RMB114.12 billion at year-end.
\n\nThe Board recommends a final dividend of RMB0.2801 per 10 shares (tax inclusive), amounting to approximately RMB1.07 billion, subject to shareholder approval. The payout follows RMB910.99 million distributed for 2024.
\n\nLooking ahead, management will “focus on main business, improve governance and pursue differentiated development,” with priorities on risk resolution in key areas, support for real-economy restructuring and disciplined capital management.
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