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Lessor CDB says its net 2020 profit of US$498.4 million “a solid job”
March 31st 2021
China Development Bank Financial Leasing Co (CDB) said the company did a "solid job" during the pandemic in 2020, reporting a 11.2% improvement in net profit, to 3.3 billion yuan (US$498.4 million) for the 12 months to December 31, from a net profit of 2.9 billion yuan in the same months in 2019. Read More » Revenue increased 7.2%, to 17.7 billion yuan, CDB told the Stock Exchange of Hong Kong yesterday.
"In 2020, in the face of the impact of the COVID-19 epidemic, the group did a solid job in epidemic prevention and control and business development," CDB said. "Its annual operating performance bucked up and reached a new high, while continuously achieving steady and high-quality development.”
CDB said there were still "many uncertainties affecting the group’s development domestically and abroad" in 2021.
