Yangtze River Financial turns from profit to loss, with a net loss of 140 million yuan in the second half of the 2025 fiscal year | Lianhe Zaobao

Yangzijiang Financial Holding reported a net loss of 142.9 million yuan in the second half of the 2025 fiscal year, reversing from profit, compared to a net profit of 197.3 million yuan in the same period of the previous fiscal year. The group's total net loss for the year was 5.2 million yuan, in contrast to a net profit of 306.04 million yuan in the previous fiscal year. The group announced its performance for the second half and the full year of the 2025 fiscal year on Saturday (February 28), stating that it recognized an expected credit loss provision of 290.9 million yuan, primarily reflecting changes in the Chinese real estate and credit market environment and adjustments in recovery expectations. In accordance with applicable accounting standards and the group's established financial reporting framework, the group made corresponding adjustments to the carrying value of certain debt exposures. Excluding this provision, the ongoing business remained profitable, reporting 92.2 million yuan. The group stated that this demonstrates the continued contribution of the group's high-quality assets and related investments. The group said: "Although the provision impacted the performance for the 2025 fiscal year, this move allows the group to adopt a more prudent stance in the context of a constantly changing market environment and enhances the future resilience of the balance sheet." After the spin-off of Yangzijiang Maritime Development to list on the main board of the Singapore Exchange, the group maintained a net cash position as of the end of last year, holding cash and cash equivalents of 638 million yuan, with no external borrowings. Further Reading Yangzijiang Financial issues profit warning, stock price plummets nearly 16% Yangzijiang Maritime plans to repurchase up to 10% of issued shares, first since listing The group's asset management scale is 1.71 billion yuan, which includes loans and equity investments that generate stable income, as well as liquid cash reserves that can be deployed at any time. In this regard, the group stated that its financial condition is sound and that it is gradually redeploying capital in a prudent and orderly manner. Looking ahead, the group pointed out that it will continue to focus on optimizing its asset portfolio, accelerating cash recovery, resolving non-performing asset exposures, and unlocking the value of existing assets, while exploring new growth opportunities through prudent capital reallocation. In the first half of this year, the group plans to invest up to 1 billion yuan (18.4 million Singapore dollars) in selected high-yield listed stocks with returns exceeding 4.5% and value-added investment opportunities. Yangtze River Financial Holdings closed at 0.31 yuan on Friday, up 5.09%