COAMC Holds 2014 Mid-year Work Conference
COAMC convened its Mid-year Working conference on 29-30 July 2014. Company leaders, representatives from headquarter departments, branch offices, Yunnan Business Department, auditing divisions and holding companies attended the conference.
During the conference, COAMC President Zhang Zi'ai delivered the mid-year working report where he highlighted the company's work accomplishments in the first half of 2014, analyzed current internal and external economic affairs, and reported on planned activities for the second half of the year.
In the first half of 2014, under the backdrop of a slowing economy and a sluggish market, COAMC made steady progress in its revenue and overall performance. The COAMC Group overall registered a RMB 7.648 billion pre-provision net profit, up by 39% year on year. By the end of June, asset size of COAMC Group had reached RMB 294.7 billion, of which 39.267 billion is attributable to the parent company.
For the second half of the year, COAMC intends to focus on intensifying risk management within the COAMC Group by rigorously implementing relevant company policies, build well the fence of safety, protect the base line of corporate risks, and proactively seek new growth points for COAMC as well as further explore asset management business, give full strength to company synergy effect, strive for a sustainable growth mode and finish the tasks issued at the beginning of 2014.