RESULTS OF OPERATIONS

JIC seized the opportunities to ramp up development while remaining a steady shape. Risks were properly dealt with and challenges were reasonably answered. JIC strengthened the investment business and optimized the asset management, promoting high- quality development of various operations.

Investment and Industrial Operations

Investment and Industrial Operations covers equity investment, enterprise management, real estate investment, and NPA disposal. In 2019, JIC actively promoted controlling investment and made positive progress in industrial layout. JIC strengthened post-investment management, optimized corporate governance and equity management, assisted the industry enterprises to improve operational efficiency, thus enhancing their competitive edges. At the end of 2019, the total assets of Investment and Industrial segment stood at RMB89.728 billion.

Financial Services

The Financial Services segment which covers securities, trusts, funds, financial leasing, banking, etc. derives revenue from providing financial services to the public. In 2019, the related financial subsidiaries of JIC innovated in operations, upgraded the channel of finance, and improved its resource matching capabilities. They also strengthened risk control and internal management, complying with related regulations, thus achieving steady growth and stronger competitiveness. At the end of 2019, the assets of the Financial Service segment reached to RMB101.764 billion.