Yangzijiang Financial Holding's net profit soared 402% year-on-year to RMB 197.3 million, and its total revenue increased by 16% to RMB 164.9 million. Its full-year net profit increased by 51% to RMB 304.6 million, and its total revenue fell by 6% to RMB 326.2 million.

The board of directors recommends paying an annual dividend of 3.45 cents per share, up from 2.20 cents per share a year ago.

When releasing results on Monday (February 24), Yangzijiang Finance pointed out that the increase in net profit for the whole year was driven by the movement of strategic portfolios, and the decline in total revenue was mainly caused by the decrease in interest income.

In fiscal year 2024, the Group continued its geographical diversification strategy, reducing China's asset management scale to 46%, and reducing China's debt investment to 29% of asset management scale, which has achieved a decline in China's share to advance Below the 50% and 30% medium-term targets.

Yangzijiang Financial's share price remained flat at 0.565 yuan on Monday.