Yangzijiang Financial Holding warns that it will report a net loss for its FY2025 ended Dec 2025, as it will be recognising "substantial" credit loss allowances following a comprehensive review of its debt investment portfolio.
"The reassessment reflects updated credit risk profiles in light of current market conditions in China’s real estate and credit markets, leading to higher provisions on non-performing loans and resulting in the measurement of expected credit losses," says the company on Feb 25.
In addition, YFH has deconsolidated numbers from its maritime fund and maritime investments as these have been spun off for a separate listing.
The company will report its results on or around Feb 27.
YFH shares closed at 35 cents on Feb 25, down 1.43%.
