China Development Financial Holding (CDF) held its Annual General Meeting today and approved to issue NT$0.55 cash dividend per share. The 2020 consolidated net income of CDF was NT$20.676bn (NT$8.021bn non-controlling interest included) with an EPS of NT$0.87 and ROE of 6.6%. In order to accelerate profit growth, CDF’s management team presented its ABCDE 5-year strategy at the end of 2020 and has been actively lunching different initiatives related to the strategy in 2021.
here is quote section
China Life continues to drive digital innovation with the recent launch of facial recognition to improve customer experience. KGI Bank is focused on enhancing profitability and efficiency as it continues to grow its wealth management business and its net interest income year-on-year. The CDIB-Kunshan Taiwanese Fund and CDIB-Innolux Fund, being launched during of this year, are part of the CDIB Capital strategy to raise new capital and expand its asset management business. KGI Securities, who focused on delivering great customer experience while expanding AUMs, saw an overseas profit increase of 96% YOY while growing its brokerage market share in Taiwan.
In an effort to continuously be market leaders in Taiwan, CDF and its subsidiaries will improve its digital offering by being the first in the industry to partner with Microsoft. CDF is also the first in the industry to announce zero carbon emission by 2045 as part of its strategy to maintain a strong leadership position in ESG.
