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3848 — Haosen Fintech News Story

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China's Haosen Fintech H1 profit rises on lower finance costs

China's Haosen Fintech H1 profit rises on lower finance costs


Overview

  • China fintech firm's half-year revenue fell yr/yr

  • Profit attributable to equity holders rose for the period

  • Diluted EPS increased to 1.55 cents from 1.24 cents


Outlook

  • Company did not provide specific financial guidance or outlook commentary in the press release in the press release


Result Drivers

  • LOWER CREDIT LOSSES - Allowance for expected credit losses (ECL) fell to RMB 9,030,000 from RMB 16,575,000, supporting profit growth

  • LOWER FINANCE COSTS - Finance costs decreased to RMB 3,675,000 from RMB 6,166,000, aiding profitability


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 38.3 mln


Reuters Recommended Reads

  • Aug 28 - China fintech Jiayin swings to Q2 loss as transactions tumble; suspends dividend

  • Aug 27 - China's FinVolution Q2 revenue falls on lower loan facilitation fees

  • Aug 27 - China's Yeahka H1 revenue declines amid lower domestic payment volumes


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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