On April 14, Glonghui announced that FE HORIZON (03360.HK) reported its unaudited operation summary for the first quarter ending March 31, 2025 ("the review period"). In 2025, the group adheres to a prudent and stable Operating strategy, with all businesses progressing in an orderly manner. During the review period, the group's revenue and profit attributable to Shareholders showed a slight year-on-year growth, and the overall operational situation remained stable.
Financial Business: Continuing to deepen in the industry, business volume remains stable, with financial business revenue slightly increasing year-on-year. At the end of the review period, the total amount of interest-earning assets slightly grew compared to the end of 2024. The yield on interest-earning assets and interest spread both improved year-on-year, with a slight month-on-month decrease. Asset quality remains solid, with the balance of non-performing assets staying at the level of the end of 2024, and the provision coverage remains prudent. Inclusive finance business has progressed rapidly under controllable quality, with the write-off strategy maintaining prudence. During the review period, the scale of interest-earning assets for inclusive finance business grew by approximately 49% year-on-year, and revenue increased by approximately 95% year-on-year. Investment-related businesses showed positive fluctuations in fair value year-on-year.
Hongxin Health: During the review period, the established strategic direction was upheld, with stable operating conditions. Revenue showed a year-on-year decline, while overall profitability was maintained. Furthermore, as of March 31, 2025, the group continues to adhere to a prudent risk management strategy, with effective interest rate hedging measures in place, and liquidity remains adequately good as usual. Looking ahead to the full year of 2025, the group will always adhere to the "finance + industry" development strategy, ensuring a solid and safe foundation, safeguarding Shareholder return levels, and continuously creating value for Shareholders.
