CDF reports December after-tax profit of NT$1.710 billion After-tax profit for 2021 full-year was NT$35.002 billion and EPS was NT$2.34

Jan 10, 2022
Press Release

China Development Financial Holding Corporation (referred to as “CDF” below) reported today its profit for the month of December. Self-assessed after-tax profit was NT$1.710 billion, while after tax profit for 2021 full-year was NT$35.002 billion. EPS was NT$2.34.

 

CDF said that institutional investor overbuying continues to push up the capital market trend in December and that CDF subsidiaries maintained a stable performance for the month. KGI Bank's profit in December was mainly generated from interest and fee income, financial trading also has a solid performance with a total after-tax profit of NT$0.356 billion in December. After-tax profit for the 2021 full-year was NT$4.136 billion. Taiwan stocks continued to perform strongly in December, driving profits from various businesses including brokerage, capital markets, and derivatives. KGI Securities had a profit of NT$1.152 billion after tax in December. Its 2021 full-year after-tax profit was NT$12.901 billion. CDIB Capital Group's after-tax profit for the month of December was NT$0.348 billion mainly from increases in the valuation of its investment positions. Its 2021 full-year after-tax profit was NT$9.894 billion. China Life reported a December after-tax profit of NT$0.124 billion and 2021 full-year after-tax profit at NT$28.540 billion.

 

In 2021, CDF delivered a strong financial performance while completing a number of important milestones, including formally incorporating China Life as a 100%-owned subsidiary through share swap. In 2022 CDF will further it’s competitive advantage and operational synergy while developing its related businesses including banking, securities, private equity, asset management and insurance. CDF will continue to embrace digital innovation, focus on further developing talent and be customer-centric to provide sustainable financial solutions and fulfill corporate social responsibilities.