According to the Zhitong Finance App, Thailand and Microfinance (01915) announced its interim results for the six months ended June 30, 2023. The group earned interest income, net amount of RMB 26.9983 million, a year-on-year decrease of 0.68%; owners of the parent company accounted for a loss of 124.414 million yuan, an increase of 330.41% over the previous year; and a loss of 0.02 yuan per share.

According to the announcement, the increase in losses is mainly due to the continued slump in the real estate and construction industry in Yangzhou, which has led to an increase in loan arrears by some of the company's customers in this industry and an increase in provisions for impairment losses.