Financial Highlights of 2023 Interim Results
-- The overall operating revenue was
-- Profit attributable to shareholders of the Company was
-- Fund raising continued and total AUM reached approximately
-- Diversified exits achieved a cash return of approximately
-- Maintained strong liquidity with cash and cash equivalents of approximately
-- Maintained dividend with interim dividend:
In the first half of 2023, confronted with the challenges of a volatile and intricate global financial environment, CEL steadily adjusted its business strategy, accelerating the Company's transformation and development. With a rebound in the capital market, the performance of the fund management business improved significantly and investment returns markedly increased, driving the steady increase in the Company's overall operating results. During the reporting period, CEL achieved an overall operating revenue of
During the reporting period, CEL continued its fundraising efforts and raised new funds of
To share the fruits of the Company's development with shareholders and investors, the Board of Directors declared interim dividend of
Business Highlights of 2023 Interim Results
1. Fund Management Business
In the first half of 2023, CEL reinforced its management in fundraising, investment, management and exit business, strengthened its internal control, and continued to improve its risk-prevention ability to achieve a gradual transition into high-quality development and maintain its leading market position in the field of fund management in
Fundraising proceeds steadily. Despite fundraising difficulties in industries, CEL Yixing FoFs was newly established and raised new funds of
Capture investment opportunities prudently. During the reporting period, CEL maintained a prudent attitude and invested in key projects including Grit Science and Reforgene Medicine.
Gain remarkable income from exit business. There was a capital return of
2. Key Investee Companies
CALC grows steadily. Since the end of 2022, the number of CALC's aircraft increased by 13 to 189, and now consists of 162 owned aircraft and 27 managed aircraft. CALC's owned and managed aircraft are leased to 42 airlines in 20 countries and regions.
Terminus achieves highly industry recognition. Terminus actively promoted market expansion, focused on high-growth business opportunities, and comprehensively enhanced its overall strength. During the reporting period, in collaboration with
3. Rich Resource Reserves
Retain sufficient liquidity reserve. At the end of
Increase the coverage depth of technology innovation resources. The incubator at China Everbright Hong Kong Innovation Centre hit and beat the target earlier than expected by introducing six new enterprises and attracting the first foreign enterprise.
Serve key regional development. CEL carried out in-depth overall planning for the
4. Continuous Improvement of Environmental, Social and Governance
Fulfil social responsibilities. CEL assisted in launching the "Millions of Youngsters in
Improve ESG management policy on an ongoing basis. CEL issued separate and self-contained ESG reports to disclose information in relation to responsible investment and TCFD. CEL closely followed changes in the industry and was rewarded with a continuous increase of MSCI ESG rating with the latest score of 5.2.
Improve the Company's management policy on an ongoing basis. CEL continued improving the institutional construction of funds establishment and management to promote an operation in compliance with laws and regulations on an ongoing basis. CEL addressed external risk-related issues and strengthened risk prevention and review, and organised training sessions on new regulations for the private equity fund industry to raise awareness about operating in compliance with laws and regulations.
Looking ahead to the second half of 2023, with continued coordinated efforts in macroeconomic policies and the sustained recovery of the economy, there will be significant resilience and potential for development. CEL will insist on the general principle of ensuring stability and promoting high-quality development as a cornerstone, while giving priority to performance in order to continuously improve the core competitiveness of private equity investments.
In terms of fundraising, CEL will develop fund products with a focus on advantageous industries, laying a foundation for the growth of its asset management portfolio and revenue enhancement. In terms of investments, the Company will focus on specialised industries with competitive advantages, particularly technological innovation companies, and strictly select specialised and new enterprises, consumer goods and environmental companies. CEL will continue to strengthen post-investment management and build solid lines of defence against risks to ensure investment projects are "clear, manageable and rewarding". In terms of investment exit, the Company will continue to exit expeditely with better strategies.The Company will continue to increase efforts to exit from existing investment projests through M&A, transfer and IPO, so as to recover funds.
Mr.
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