Loading…
One of China's four state-owned "bad bank" asset management companies, buying and resolving distressed debt and non-performing loans.
One of China's four state-owned "bad bank" asset management companies, buying and resolving distressed debt and non-performing loans.
Buys bad loans from banks at a discount and earns the difference as it recovers cash by collecting, restructuring or selling the underlying assets, and it also profits from investing in distressed companies and from financial subsidiaries, including a Hong Kong bank and a securities firm. Set up in 1999 to take over bad loans, it is state-owned with the Ministry of Finance as largest holder.
In one line: China's state-backed answer to a distressed-debt/NPL resolution firm.
Moat: narrow (regulatory licence, scale). One of only four nationally licensed AMCs with decades of relationships buying NPLs from China's banks.
Headquarters: Beijing, China · Founded: 1999 · Employees: 11,745
Size China Cinda Asset Management (1359.HK) is a Hong Kong Financials company (Investment Managers) with a market value of $4.36B, the 280th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.90 on 6 Nov 2026.
Performance Over six months the shares fell 20.8%, against +1.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 24.5% over the last twelve months (peer median +16.1%); the operating margin is 53.1% (peer median 30.2%).
Valuation It trades at 11.7× forward earnings against a peer median of 15.0× (6th cheapest of 19).
Credit China Cinda Asset Management has 8 bonds outstanding ($4.50B), rated A- by the agencies and trading like A+ at a weighted spread of 51 bp.
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$37.7B | HK$44.8B | HK$54.1B | HK$62.0B | HK$72.6B |
| Revenue growth | — | -17% | -13% | -15% | — |
| Gross profit | HK$20.9B | HK$26.0B | HK$29.8B | HK$39.0B | HK$48.6B |
| EBITDA | HK$27.6B | HK$28.3B | HK$44.1B | HK$51.2B | HK$58.3B |
| Net income | HK$2.30B | HK$3.86B | HK$3.29B | HK$6.43B | HK$7.34B |
| Free cash flow | HK$12.9B | -HK$35.9B | -HK$1.70B | HK$83.2B | -HK$31.8B |
| Capital expenditure | HK$5.66B | HK$2.85B | HK$4.27B | HK$936M | HK$2.25B |
| Total debt | n/a | HK$1.14T | HK$1.01T | HK$1.04T | HK$1.11T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Cinda Asset Management 1359.HK | $4.36B | -21% | -25% | 53% | 11.7× | n/a |
| China CITIC Financial Asset Management 2799.HK | $5.83B | -24% | -18% | 135% | 3.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1359.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.1% | +2.7% | 9th lowest of 21 |
| 6-month return | -20.8% | +1.1% | 2nd lowest of 21 |
| Distance from 52-week high | -39.5% | -16.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | -24.5% | +16.1% | lowest of 21 |
| Operating margin | 53.1% | 30.2% | 4th highest of 21 |
| Forward P/E | 11.7× | 15.0× | 6th cheapest of 19 |
| Bond spread | 51 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Cinda Asset Management 1359.HK | Hong Kong | $4.36B | -21% | -25% | 53% | 11.7× | n/a | n/a |
| Man EMG.L | United Kingdom | $4.43B | +10% | +24% | 28% | 8.4× | n/a | n/a |
| Anand Rathi Wealth ANANDRATHI.NS | India | $4.18B | +31% | +35% | 41% | 90.5× | n/a | n/a |
| Federated Hermes FHI | United States | $4.73B | +14% | +13% | 28% | 10.9× | n/a | n/a |
| Bridgepoint BPT.L | United Kingdom | $4.79B | +55% | +36% | 49% | 10.7× | n/a | n/a |
| Colliers International CIGI.TO | Canada | $4.88B | -5% | +14% | 7% | 11.8× | n/a | n/a |
| 360 One Wam 360ONE.NS | India | $4.95B | +3% | +25% | 33% | 35.1× | n/a | n/a |
| Hamilton Lane HLNE | United States | $4.99B | +1% | +19% | 58% | 12.3× | n/a | n/a |
| HA Sustainable Infrastructure Capital HASI | United States | $5.00B | -5% | +27% | 69% | 12.6× | n/a | n/a |
| Cohen & Steers CNS | United States | $3.76B | +1% | +13% | 33% | 20.1× | n/a | n/a |
| Caitong Securities 601108.SS | China | $5.12B | -11% | -12% | 31% | 10.7× | n/a | n/a |
| Eurazeo RF.PA | France | $3.70B | +2% | +18% | -2% | 28.7× | n/a | n/a |
| AMP AMP.AX | Australia | $3.69B | +46% | -5% | -1% | 15.7× | n/a | n/a |
| Ninety One N91.L | United Kingdom | $5.18B | -6% | +10% | 26% | 11.1× | n/a | n/a |
| Nuvama Wealth Management NUVAMA.NS | India | $3.61B | +25% | +13% | 29% | 26.2× | n/a | n/a |
| First Capital Securities 002797.SZ | China | $3.61B | -24% | -6% | 22% | 21.1× | n/a | n/a |
| Guotai Junan International 1788.HK | Hong Kong | $3.58B | +10% | +43% | 65% | n/a | n/a | n/a |
| Aberdeen ABDN.L | United Kingdom | $5.36B | +2% | +2% | 37% | 14.3× | n/a | n/a |
| Capital Securities 601136.SS | China | $5.41B | -21% | +1% | 36% | n/a | n/a | n/a |
| Mandatum MANTA.HE | Finland | $3.33B | -10% | +60% | 8% | 23.7× | n/a | n/a |
| StepStone STEP | United States | $5.73B | -15% | +51% | -53% | 18.1× | n/a | n/a |
China Cinda Asset Management has 8 bonds outstanding with $4.50B face value. The agencies rate it A-; its bonds trade like A+. Weighted yield 5.13%, a spread of 51 bp over government bonds.