China Huarong Asset Management Co., Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported total income of RMB 60,806,397,000 compared to RMB 40,010,595,000 a year ago. The increase was 52.0% mainly due to the increase in the income from distressed debt assets classified as receivables, fair value changes on distressed debt assets, interest income, investment income, and commission and fee income. Profit before tax was RMB 21,874,669,000 compared to RMB 16,945,034,000 a year ago. Profit for the period was RMB 16,401,964,000 against RMB 12,845,709,000 a year ago. Profit attributable to the equity holders of the company was RMB 13,360,471,000 against RMB 11,122,978,000 a year ago. Basic earnings per share were RMB 0.34 against RMB 0.28 a year ago. Net cash generated from operating activities was RMB 42,023,578,000 compared to RMB 42,023,578,000 a year ago. Cash payments for purchases of property and equipment, investment properties and other assets was RMB 1,729,757,000 against RMB 700,534,000 a year ago. Annualized ROAA of 2.1% compared to 2.6% a year ago. Annualized ROAE of 22.6% compared to 21.6% a year ago.