Gelonghui August 24 丨Thai and Microfinance (01915.HK) announced its interim results. For the six months ended June 30, 2023, the Group recorded interest income of approximately RMB 26.1 million, a decrease of about 0.8% from approximately RMB 26.3 million in the same period in 2022.

The six months ended June 30, 2023The Group lost about RMB 12.8 million after tax, while for the six months ending June 30, 2022, it recorded an after-tax loss of approximately RMB 2.9 million. 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 increased provision for impairment losses.

As at June 30, 2023, the Group's outstanding loan balance (before provision for impairment losses) was approximately RMB 925.5 million, an increase of approximately 0.1% over approximately RMB 924.2 million on 31 December 2022.