HKG:1359

4 stories mentioning HKG:1359Updated 6d ago

Every FINWIRES story that references HKG:1359, newest first.

China Cinda Asset Management's Profit, Revenue Fall in H1

China Cinda Asset Management's (HKG:1359) profit attributable to equity holders of the company fell to 784.4 million yuan for the first half of 2026 from 2.28 billion yuan a year earlier, according to a Monday Hong Kong bourse filing.Earnings per share declined to 0.01 yuan from 0.05 yuan in the prior-year period.Total income slipped to 26.1 billion yuan from 34.4 billion yuan a year ago.The board approved a dividend on offshore preference shares at an annual rate of 4.4%, with an aggregate payout of $83.1 million, payable on Nov. 3.

HKG:1359

Asia20d ago

China Cinda Asset Management Redeems 10 Billion Yuan Bonds

China Cinda Asset Management (HKG:1359) completed the full redemption of 10 billion yuan of undated capital bonds, according to a Monday Hong Kong bourse filing.The bonds were issued in August 2021 in the national inter-bank bond market.

HKG:1359

Asia34d ago

China Cinda Asset Management Warns of Up to 70% Drop in H1 Profit

China Cinda Asset Management (HKG:1359) expects a 60% to 70% year-over-year decline in attributable profit for the six months ended June 30, according to a Monday Hong Kong bourse filing.The asset manager attributed the forecast mainly to a swing to provision of income tax expense from a reversal a year ago.The company also expects the net losses of Cinda Real Estate to decrease significantly in the first half, with losses attributable to non-controlling interests also forecast to decline.

HKG:1359

Asia46d ago

Fitch Affirms China Cinda Asset Management at A-, Outlook Stable

Fitch Ratings affirmed China Cinda Asset Management's (HKG:1359) long-term issuer default ratings at A- with a stable outlook.The ratings reflect the ratings agency's expectation of extraordinary government support and the company's policy role in managing distressed assets.Fitch said Cinda remains China's largest distressed asset manager by asset size and expects the company to play an increasingly important role in supporting financial stability during the country's economic slowdown.However, it expects earnings to remain under pressure from weaker income growth in the distressed-asset business and elevated credit impairment charges.The ratings agency said China Cinda's diversified earnings, including contributions from its banking subsidiary and other financial businesses, along with adequate capital and liquidity buffers and perceived government backing, should support its credit profile.

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