Trade China Cinda Asset Management Co. Ltd. - 1359 CFD

Trade China Cinda Asset Management Co. Ltd. - 1359

About China Cinda Asset Management Co Ltd

China Cinda Asset Management Co., Ltd. is an investment holding company mainly engaged in the provision of financial services as well as the management of distressed asset management. Along with subsidiaries, the Company operates its business through three segments. The Financial Services segment is involved in the provision of financial services in sectors such as bank, securities, insurance, financial leasing and asset management. The Distressed Asset Management segment is engaged in the management of assets arising from acquisition of distressed debts and debt-to-equity-swap and the provision of clearing settlement and fiduciary services. The Financial Investment and Asset Management segment is involved in the management of financial investments on private funds and companies in certain other industries.

Financial summary

BRIEF: For the six months ended 30 June 2021, China Cinda Asset Management Co Ltd revenues decreased 18% to RMB27.54B. Net income applicable to common stockholders excluding extraordinary items decreased 9% to RMB5.66B. Revenues reflect Distressed asset management segment decrease of 10% to RMB31.62B, Net Interest Margin - Total - % decrease of 5% to 1.38%.