Company Overview and History - China Huarong Asset Management Co., Ltd. was established on November 1, 1999, and was restructured into a joint-stock company on September 28, 2012[5] - The company went public on the Hong Kong Stock Exchange on October 30, 2015[5] - As of 2022, China Huarong has 33 branches and a service network covering 30 provinces, autonomous regions, and municipalities in China, as well as Hong Kong and Macau[6] - The company's major shareholders include China CITIC Group Corporation, the Ministry of Finance, China Life Insurance (Group) Company, and Warburg Pincus[5] - The company's subsidiaries include Huarong Financial Leasing, Huarong Rongde, Huarong International, and Huarong Securities[11] Financial Performance - Total revenue for 2022 was RMB 37,264.0 million, a significant decrease from RMB 68,093.9 million in 2021[36] - Net loss attributable to the company's shareholders for 2022 was RMB 27,581.1 million, compared to a profit of RMB 378.5 million in 2021[37] - Interest income for 2022 was RMB 11,225.4 million, down from RMB 13,592.1 million in 2021[36] - Credit impairment losses for 2022 increased to RMB 29,381.0 million, compared to RMB 13,214.6 million in 2021[36] - Disposal or deemed disposal of subsidiaries and joint ventures resulted in a net gain of RMB 589.0 million in 2022, slightly up from RMB 571.7 million in 2021[36] - Total expenses for 2022 were RMB 75,063.1 million, up from RMB 64,240.4 million in 2021[36] - The fair value change of other financial assets and liabilities resulted in a loss of RMB 11,158.2 million in 2022, compared to a gain of RMB 11,599.3 million in 2021[36] - The company's income from non-performing debt assets decreased to RMB 22,779.1 million in 2022 from RMB 28,077.2 million in 2021[36] - Total assets decreased to RMB 955,326.0 million in 2022 from RMB 1,568,421.8 million in 2021, a significant decline[38] - Total liabilities decreased to RMB 906,946.6 million in 2022 from RMB 1,464,437.4 million in 2021[40] - Equity attributable to the company's shareholders dropped to RMB 47,026.8 million in 2022 from RMB 59,343.9 million in 2021[40] - Average return on equity (ROE) was -51.9% in 2022, compared to 1.0% in 2021[41] - Average return on assets (ROA) was -2.2% in 2022, compared to 0.1% in 2021[41] - Asset-liability ratio increased to 94.9% in 2022 from 93.4% in 2021[41] - Basic earnings per share (EPS) was -RMB 0.34 in 2022, compared to RMB 0.01 in 2021[41] - Diluted earnings per share (EPS) was -RMB 0.34 in 2022, compared to RMB 0.01 in 2021[41] - Loans and advances to customers decreased to RMB 38.5 million in 2022 from RMB 247,164.0 million in 2021[38] - Financial assets at fair value through profit or loss decreased to RMB 309,455.9 million in 2022 from RMB 351,047.7 million in 2021[38] - The company's non-performing asset business scale increased from 52% to 76% after transferring equity in five financial subsidiaries[45] - The company's new non-performing asset business investments totaled RMB 59.1 billion, with 42 collaborative projects implemented leveraging CITIC Group's advantages[45] - The company completed 27 real estate relief projects, expected to ensure the delivery of approximately 37,000 commercial housing units and drive RMB 92 billion in project resumption[46] - The company achieved significant loss reduction in the second half of the year compared to the first half, with substantial growth in main business investments and risk reduction[47] - The company's strategic goal is to become an industry benchmark within five years, with a focus on high-quality new investments and risk resolution[48] - The company acquired non-performing assets from small and medium-sized banks exceeding RMB 30 billion in 2022[52] - The company implemented real estate relief projects expected to drive RMB 92 billion in project resumption and ensure the delivery of approximately 37,000 commercial housing units[52] - The company expanded state-owned enterprise reform projects with an investment scale of nearly RMB 15 billion[52] - The company's risk exposure reduction increased by 16.6% year-on-year, reaching the best level in the past three years[53] - The company issued a total of RMB 75.1 billion in various bonds in 2022, optimizing its debt structure[53] - The company reported a net loss attributable to shareholders of RMB 27,581.1 million in 2022, primarily due to a decrease in fair value changes of equity financial assets and increased credit impairment losses[61] - Fair value changes of equity financial assets (both listed and unlisted) amounted to a loss of RMB 8,880.2 million, a decrease of RMB 18,118.3 million compared to the previous year[61] - Credit impairment losses reached RMB 29,381.0 million, an increase of RMB 16,166.4 million year-over-year, driven by macroeconomic conditions and the downturn in the real estate sector[61] - The balance of acquired restructured non-performing debt assets decreased by 16.4% to RMB 278,382.1 million, with operating income from these assets declining by 18.6% to RMB 22,849.5 million[61] - Total revenue from continuing operations dropped by 45.3% to RMB 37,264.0 million, with significant declines in non-performing debt asset income (-18.9%) and interest income (-17.4%)[63] - The company's loss attributable to shareholders in the second half of 2022 decreased by RMB 10,151.7 million compared to the first half, indicating an improving trend[62] - Other financial assets and liabilities experienced a significant fair value loss of RMB 11,158.2 million, a 196.2% decrease compared to the previous year[63] - The company's total expenses increased by 16.8% to RMB 75,063.1 million, driven by a 122.3% rise in credit impairment losses and a 95.9% increase in other asset impairment losses[63] - The company's pre-tax loss from continuing operations widened to RMB 37,116.3 million, a 2,259.8% decrease compared to the previous year's profit[63] - The company's loss from continuing operations for the year reached RMB 33,381.5 million, a 1,238.8% increase compared to the previous year[63] - Total revenue for 2022 decreased by 45.3% to RMB 37,264.0 million, primarily due to a decrease in fair value changes of other financial assets and liabilities, non-performing loan asset income, and interest income[65] - Non-performing loan asset income decreased by 18.9% to RMB 22,779.1 million in 2022, with the total amount of non-performing loan assets decreasing by 16.7% to RMB 277,426.6 million[66] - Fair value changes of non-performing loan assets decreased by 11.7% to RMB 5,709.8 million in 2022, with realized disposal net income from acquisition and disposal business decreasing by 18.1% to RMB 6,880.0 million[68][69] - Fair value changes of other financial assets and liabilities decreased by 196.2% to RMB -11,158.2 million in 2022, with realized fair value changes decreasing by 137.3% to RMB -2,839.9 million and unrealized fair value changes decreasing by 308.9% to RMB -8,318.3 million[71][72] - Interest income decreased by 17.4% to RMB 11,225.4 million in 2022[65] - Financing lease income decreased by 48.2% to RMB 1,056.3 million in 2022[65] - Commission and fee income decreased by 43.6% to RMB 233.5 million in 2022[65] - Dividend income decreased by 14.0% to RMB 914.3 million in 2022[65] - Other income and net gains increased by 133.7% to RMB 6,490.1 million in 2022[65] - Interest income decreased by 17.4% to RMB 11,225.4 million in 2022, primarily due to a 35.6% reduction in the scale of debt instruments measured at amortized cost and fair value through other comprehensive income[73] - Financing lease income decreased by 48.2% to RMB 1,056.3 million in 2022, mainly due to reduced new business placements by Huarong Financial Leasing[74] - Other income and net gains/losses increased by 133.7% to RMB 6,490.1 million in 2022, driven by gains from foreign exchange, disposal of investment properties, and investments in associates[76] - Discontinued operations revenue decreased by 23.0% to RMB 20,181.5 million in 2022, with a significant net gain of RMB 7,576.5 million from the disposal of four subsidiaries[78] - Total ongoing operating expenses increased by 16.8% to RMB 75,063.1 million in 2022, mainly due to a 122.3% increase in credit impairment losses[79][81] - Interest expenses decreased by 13.2% to RMB 37,064.5 million in 2022, partially offsetting the rise in total ongoing operating expenses[81] - Credit impairment losses surged by 122.3% to RMB 29,381.0 million in 2022, significantly impacting the company's expense structure[81] - Other asset impairment losses increased by 95.9% to RMB 1,184.4 million in 2022, reflecting higher write-downs on non-performing assets[81] - Total interest expenses decreased by 13.2% to RMB 37,064.5 million in 2022, with a 15.8% reduction in loan interest expenses and a 2.9% decrease in interest expenses on bonds and notes[83] - Operating expenses decreased by 9.2% to RMB 6,839.4 million in 2022, driven by reductions in real estate development and sales costs, property and equipment depreciation, and right-of-use asset depreciation[85] - Employee compensation expenses for continuing operations increased by 13.7% to RMB 2,668.5 million in 2022, while total employee compensation (including discontinued operations) decreased by 17.3% to RMB 3,981.3 million[85][86] - Credit impairment losses surged by 122.3% to RMB 29,381.0 million in 2022, primarily due to increased impairments on debt instruments measured at amortized cost and fair value through other comprehensive income[88] - Other asset impairment losses increased by 95.9% to RMB 1,184.4 million in 2022, mainly due to impairments on equity interests in associates and joint ventures, goodwill, and foreclosed assets[89][91] - Discontinued operations expenses decreased by 49.6% to RMB 10,273.3 million in 2022, with significant reductions in interest expenses (49.4%) and operating expenses (49.9%)[93] - Income tax expenses for continuing operations shifted from a loss of RMB 4,211.9 million in 2021 to a gain of RMB 3,734.8 million in 2022, driven by a 479.4% increase in deferred tax[95] - The company's continuing operations income tax expense decreased by 188.7% from RMB 4,211.9 million in 2021 to RMB -3,734.8 million in 2022, primarily due to reduced taxable income from losses in certain entities and increased deferred tax assets from higher fair value and credit impairment losses[96] - Discontinued operations income tax expense increased by 383.5% from RMB 936.8 million in 2021 to RMB 4,529.4 million in 2022, with RMB 3,967.6 million (87.6%) attributed to the disposal of Huarong Consumer Finance, Huarong Securities, Huarong Xiangjiang Bank, and Huarong Trust[97] - The non-performing asset management segment's revenue decreased by 38.0% to RMB 32,105.7 million in 2022, with pre-tax profit dropping by 398.3% to RMB -21,497.7 million, and total assets decreasing by 11.4% to RMB 710,394.2 million[99][101][102] - The financial services segment's revenue decreased by 1.6% to RMB 7,548.5 million in 2022, with pre-tax profit dropping by 19.1% to RMB 1,597.3 million, and total assets decreasing by 81.8% to RMB 107,094.8 million[99][101][102] - The asset management and investment segment's revenue decreased by 97.1% to RMB 381.3 million in 2022, with pre-tax profit dropping by 160.7% to RMB -16,573.0 million, and total assets decreasing by 16.4% to RMB 212,630.5 million[99][101][102] - The company's total assets decreased by 39.1% to RMB 955,326.0 million as of December 31, 2022, following the disposal of Huarong Consumer Finance, Huarong Securities, Huarong Xiangjiang Bank, and Huarong Trust[104] - The company's total liabilities decreased by 38.1% to RMB 906,946.6 million as of December 31, 2022[104] - The company's consolidated revenue from continuing operations decreased by 45.3% to RMB 37,264.0 million in 2022, with pre-tax profit dropping by 2,259.8% to RMB -37,116.3 million[99][101] - Total assets decreased by 39.1% from RMB 1,568,421.8 million in 2021 to RMB 955,326.0 million in 2022[108] - Deposits with financial institutions decreased by 33.5% from RMB 146,698.3 million in 2021 to RMB 97,578.2 million in 2022, mainly due to repayment of matured borrowings[109] - Financial assets at fair value through profit or loss decreased by 11.8% from RMB 351,047.7 million in 2021 to RMB 309,455.9 million in 2022[106] - Loans and advances to customers decreased by 100.0% from RMB 247,164.0 million in 2021 to RMB 38.5 million in 2022[106] - Debt instruments at amortized cost decreased by 28.5% from RMB 580,799.4 million in 2021 to RMB 415,352.7 million in 2022[106] - Total liabilities decreased by 38.1% from RMB 1,464,437.4 million in 2021 to RMB 906,946.6 million in 2022[106] - Equity attributable to the company's shareholders decreased by 20.8% from RMB 59,343.9 million in 2021 to RMB 47,026.8 million in 2022[107] - Total equity decreased by 53.5% from RMB 103,984.4 million in 2021 to RMB 48,379.4 million in 2022[107] - Permanent debt capital decreased by 92.2% from RMB 22,377.9 million in 2021 to RMB 1,752.6 million in 2022[107] - Non-controlling interests decreased by 101.8% from RMB 22,262.6 million in 2021 to RMB (400.0) million in 2022[107] - Total financial assets measured at fair value through profit or loss decreased by 11.8% from RMB 351,047.7 million in 2021 to RMB 309,455.9 million in 2022[112] - Acquisition and disposal of non-performing loan assets decreased by 1.8% from RMB 182,087.2 million in 2021 to RMB 178,770.1 million in 2022[112] - Acquisition and restructuring of non-performing loan assets increased by 100.0% to RMB 955.5 million in 2022[112] - Equity instruments measured at fair value through profit or loss decreased by 11.0% from RMB 61,163.2 million in 2021 to RMB 54,440.4 million in 2022[113] - Net receivables from finance leases decreased by 34.2% from RMB 26,275.6 million in 2021 to RMB 17,283.0 million in 2022[118] - Total receivables from finance leases and sale-leaseback receivables decreased by 3.4% from RMB 95,612.0 million in 2021 to RMB 92,395.7 million in 2022[118] - Debt instruments measured at fair value through other comprehensive income decreased by 55.7% from RMB 57,203.6 million in 2021 to RMB 25,318.4 million in 2022[120] - Government bonds within debt instruments decreased by 88.4% from RMB 10,500.6 million in 2021 to RMB 1,219.9 million in 2022[120] - Corporate bonds within debt instruments decreased by 93.8% from RMB 12,992.6 million in 2021 to RMB 806.5 million in 2022[120] - Financial institution bonds within debt instruments decreased by 75.2% from RMB 2,642.5 million in 2021 to RMB 656.0 million in 2022[120] - The fair value of debt instruments measured at fair value

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 China Huarong Asset Management Co., Ltd. （在中華人民共和國註冊成立的股份有限公司） （股份代號：2799） 中國華融 2022 年度業績公告 中國華融資產管理股份有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公 司截至2022年12月31日止之經審計年度業績。本業績公告符合《香港聯合交易所有限公 司證券上市規則》中有關年度業績初步公告附載的資料之要求。本公司2022年度報告的 印刷版本將於2023年4月寄發予本公司H股股東，並可於其時在香港聯合交易所有限公司 的網站www.hkexnews.hk及本公司的網站www.chamc.com.cn閱覽。 1 目錄 1. 公司簡介 3 2. 釋義 4 3. 重要提示 7 4. 公司基本情況 8 5. 財務概要 10 6. 董事長致辭 15 7. 總裁致辭 17 8. 監事長致辭 19 9. 管理層討論與分析 ...

合中国华融 TTTI 0 中国华融资产管理股份有限公司 CHINA HUARONG ASSET MANAGEMENT CO., LTD. (在中華人民共和國註冊成立的股份有限公司) 股份代號：2799 大博彩 0 - 1 243 目錄 | --- | --- | --- | |-------|------------------------------|-------| | | | | | 1. | 公司簡介 | 2 | | 2. | 釋義 | 4 | | 3. | 重要提示 | 7 | | 4. | 公司基本情況 | 8 | | 5. | 財務概要 | 10 | | 6. | 董事長致辭 | 15 | | 7. | 總裁致辭 | 18 | | 8. | 監事長致辭 | 20 | | 9. | 管理層討論與分析 | 21 | | | 9.1 經濟金融和監管環境 | 21 | | | 9.2 財務報表分析 | 22 | | | 9.3 業務綜述 | 47 | | | 9.4 風險管理 | 74 | | | 9.5 資本管理 | 85 | | | 9.6 發展展望 | 86 | | 10. | 股本變動及主要股東 ...

le 中国华融资产管理股份有限公司 CHINA HUARONG ASSET MANAGEMENT CO., LTD. (在中華人民共和國註冊成立的股份有限公司) 股份代號：2799 年度報告 a photox 目錄 1. 公司簡介 2. 釋義 3. 重要提示 4. 公司基本情況 5. 財務概要 6. 董事長致辭 7. 總裁致辭 8. 監事長致辭 9. 管理層討論與分析 9.1 經濟金融和監管環境 9.2 財務報表分析 9.3 業務綜述 9.4 風險管理 9.5 資本管理 9.6 發展展望 10. 股本變動及主要股東持股情況 11. 董事、監事及高級管理人員情況 12. 公司治理報告 13. 內部控制 14. 董事會報告 15. 監事會報告 16. 重要事項 17. 組織架構圖 18. 審計報告及財務報表 19. 董事、高級管理人員關於年度報告的 確認意見 20. 境內外機構名錄 326 2 4 8 9 11 15 19 22 24 24 25 49 72 77 78 79 83 98 120 123 131 133 134 136 325 1. 公司簡介 中國華融資產管理股份有限公司（股份代號：2799）前身 ...

(5 5) 中国华融资产管理股份有限公司 7 CHINA HUARONG ASSET MANAGEMENT CO., LTD. (在中華人民共和國註冊成立的股份有限公司) 股份代號：2799 年度報告 TTPE ISS STER 上线空间51 TELLETTST 力量目前面直 DENSITI DREATITITITI TERENDITT v > 7 a 目錄 | --- | --- | --- | --- | --- | |-------|-------|-------|-------|------------------------------| | | | | | | | | | | 2 | 公司簡介 | | | | | 4 | 釋義 | | | | | 8 | 重要提示 | | | | | 9 | 公司基本情況 | | | | | 11 | 財務概要 | | | | | 15 | 董事長致辭 | | | | | 19 | 總裁致辭 | | | | | 22 | 監事長致辭 | | | | | 25 | 管理層討論與分析 | | | | | 92 | 股本變動及主要股東持股情況 | | | | | 95 ...