Yangtze River Financial issues profit warning, stock price plummets nearly 16% | Lianhe Zaobao

Yangtze River Financial Holdings issued a profit warning, expecting to incur losses in the second half and for the entire fiscal year 2025, leading to a nearly 16% plunge in stock price during the morning session on February 26. The stock price once fell to 0.29 yuan, hitting a new low in over two years. The company stated that the losses were mainly due to high credit loss provisions and a reassessment of credit risks in the Chinese real estate and credit markets, resulting in an increase in provisions for non-performing loans