On April 29, China Development Bank Financial Leasing (CDB Leasing) held its 2024 Annual Performance Review Meeting in Shenzhen. The meeting was attended by Mr. Jin Tao, Vice Chairman and President of the company, Mr. Liu Yi, Secretary of the Board of Directors, and other relevant department heads. Attendees included representatives from leading securities firms, funds, and asset management institutions such as CITIC Securities, GF Securities, Guotai Haitong Securities, and CSC Financial. Also present were representatives of international rating agencies like Fitch, Moody’s, and S&P, as well as media representatives from Xinhuanet, Securities Times, and Shanghai Securities News. The event was simultaneously broadcast live through online platforms, attracting widespread attention.
President Jin summarized the company’s key achievements in 2024, highlighting four key initiatives: firstly, steadfastly focusing on core operations and driving business transformation; secondly, ensuring the stability of operations and achieving a strategic balance between volume and pricing; thirdly, effectively mitigating risks by proactively and prudently addressing both symptoms and root causes; and fourthly, promoting high-quality development through digitalization. These initiatives have laid a solid foundation for the company’s sustained growth.
After President Jin’s address, Mr. Liu, Secretary of the Board of Directors, presented a detailed overview of the company’s 2024 operating performance and key highlights. In its pursuit of high-quality development, CDB Leasing pursued a proactive yet prudent strategy and delivered on its annual objectives. It reported a revenue of RMB28.563 billion and a net profit of RMB4.503 billion, representing year-on-year growth of 7.2% and 8.5%, respectively. The average return on equity (ROE) reached 11.61%, and the non-performing asset ratio stood at 0.56%, remaining below 1% since the company’s listing. The company achieved a new high in operating performance, ranking among the top of the industry across all key indicators.
During the Q&A session, the company’s management provided clear and detailed responses to key investor concerns. Topics included the impact of China–U.S. tariff policies, dividend arrangements, market value management, future business development plans, and risk control. These responses effectively addressed the issues raised and bolstered investor confidence. In his concluding remarks, President Jin emphasized that CDB Leasing will continue to pursue high-quality development, focusing on strengthening its core operations, fostering innovation, driving steady progress, and striving for excellence in management.
Amid a complex and evolving global economic landscape, CDB Leasing has defied the broader trend to deliver remarkable results. This success, especially meaningful amid ongoing uncertainty, demonstrates the company’s strong resilience and core competitiveness. In the face of both challenges and opportunities in 2025, the company will keep moving forward with a stable approach. It will continue to navigate market uncertainties through a diversified business portfolio, leverage financial leasing to inject new vitality into the real economy, and create greater value for shareholders and society.
