Haitong Hengxin Reports Profit Growth for 2022

Haitong Hengxin International Financial Leasing Co., Ltd. (stock code: 1905.HK) released its 2022 annual results on March 30, 2023. As the first listed leasing company backed by a securities broker in mainland China, the firm saw its total assets grow by 8.5% to RMB 124.51 billion. Total revenues in 2022 increased by 4.2% to RMB 8.53 billion, while net profit rose 8.5% to RMB 1.53 billion, demonstrating resilience.

The company highlighted advancements in its ESG management. In 2022, Haitong Hengxin established a top-down ESG governance structure, including an ESG Committee at the board level, and adopted ESG risk management procedures. Significant investments were made in energy conservation, environmental protection, and the digital economy, with its small and micro-enterprise subsidiary supporting SMEs with over RMB 45 billion.

Haitong Hengxin's commitment to corporate social responsibility and ESG practices has garnered industry recognition, including an award for ESG governance demonstration. The company stated its alignment with national industrial policies, focusing on advanced equipment manufacturing, green leasing, and the digital economy, leveraging its integrated financing and equipment services.

Additionally, the firm has broadened its financing channels through innovative instruments, leading to reduced funding costs. The average interest rate on its interest-bearing debt decreased by 0.20 percentage points to 3.73% in 2022. Haitong Hengxin aims to further strengthen risk prevention capabilities to support its professional, high-quality, and sustainable development.