Far East Horizon (3360) investor relations material

Executive summary

• Total revenue for the six months ended 30 June 2026 rose 4.05% year-over-year to RMB 18.04 billion, with net profit attributable to shareholders up 2.68% to RMB 2.22 billion, reflecting solid growth and strong operating momentum.

• Financial and advisory segment revenue increased 9.69% year-over-year, while industrial operation segment revenue declined 5.98%.

• All business segments progressed in line with strategic plans, with financial services underpinning overall earnings stability and offsetting cyclical pressures in industrial segments.

• Gross profit margin improved to 53.13% from 44.13% a year earlier, driven by higher net interest income and lower cost of sales.

• Inclusive finance business saw rapid growth, with interest income up 86.75% and net interest-earning assets up 26.63%.

Financial highlights

• Net interest margin rose to 5.50%, and net interest spread increased to 5.04%.

• Total revenue rose 4.05% year-over-year to RMB 180.39 billion; net profit attributable to shareholders increased 2.68% to RMB 22.22 billion.

• Financial services revenue grew 9.69% year-over-year to RMB 12.2 billion, with inclusive finance revenue up 86.75%.

• Net interest-earning assets reached RMB 282.5 billion, up 3.83% from year-end; inclusive finance IEAs rose 26.63%.

• Interim dividend of HK$0.25 per share declared, maintaining a stable payout.

Outlook and guidance

• Expects to maintain stable and generous shareholder returns for the full year, supported by a resilient financial structure.

• The company will focus on differentiated advantages, risk control, and innovation in financial services, with continued expansion in integrated and inclusive finance.

• Domestic industrial business is positioned for recovery, while overseas expansion continues under the “3+3+3” strategy.

• Horizon Construction Development to pursue global expansion and lean domestic operations; Horizon Healthcare to focus on county-level healthcare and platform-based operations.