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China Huarong Asset Management Co., Ltd. Class H ( (HK:2799) ) has issued an update.
China CITIC Financial Asset Management Co., Ltd. has announced a significant increase in its net profit for 2024, expecting a rise of between 410% and 466% compared to 2023, due to strategic business transformations and improved asset quality amidst a recovering capital market. Looking forward, the company aims to further its ‘One-Three-Five’ strategy to capitalize on opportunities in the distressed assets industry, enhancing its business capabilities and playing a key role in risk resolution to better support national strategies and the real economy.
More about China Huarong Asset Management Co., Ltd. Class H
China CITIC Financial Asset Management Co., Ltd. is a financial asset management company based in the People’s Republic of China, focusing on distressed assets and serving the real economy. The company leverages the CITIC Group’s strengths in industry and finance to enhance its core business capabilities and improve the quality and effectiveness of its operations.
YTD Price Performance: -9.23%
Average Trading Volume: 35,590,315
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$48.15B
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