News
COAMC News
COAMC Group Members
Location:
COAMC Held 2015 Mid-year Work Conference

From 21 July to 23 July, COAMC held the mid-year work conference in Beijing to reflect on the work of the first half of the year, analyze current situations and problems, as well as make arrangements for the second half of the year. In the first half of 2015, COAMC’s net profit attributable to the parent company totaled 7.455 billion yuan, maintaining stable growth; and annualized ROA of the Group reached 22.44%, sustaining a high-level performance. By the end of June, COAMC’s total assets on-balance sheet totaled 365.7 billion yuan, AUM off-balance sheet totaled 160.7 billion yuan.

In recent years, COAMC has been dedicated to strategic transformation and grow as a comprehensive financial services provider. These efforts have yielded positive results so far. Group assets and profit structure have gone through great changes. In the first half of this year, asset volume of financial subsidiaries of COAMC has begun to account for more than 50% of the entire Group. By the end of June, financial subsidiaries held assets that amounted to 224 billion yuan, accounting for 61% of COAMC Group; net profit attributable to the parent company totaled 3.374 billion yuan, taking up 45% of that of COAMC Group.