FE HORIZON (03360) announces its performance for the year 2024, with a net profit attributable to ordinary shareholders of 3.862 billion yuan, a decrease of 37.63% year-on-year.

FE HORIZON (03360) released its annual performance for the year ending December 31, 2024. The group's total revenue for the period was 37.749 billion yuan, a decrease of 0.55% year-on-year. The group's net profit attributable to ordinary shareholders for the year was 3.862 billion yuan, a decrease of 37.63% year-on-year, with a basic earnings per share of 0.92 yuan. In terms of financial services, the company continuously iterates its traditional business services, fully leveraging the mechanisms and capabilities of "market-oriented, international, professional" to provide comprehensive, high-quality services to customers. It adopts a cautious attitude to strengthen industry and customer risk identification, maintaining stable business flow, solid asset quality, and maintaining a competitive net interest margin. The inclusive financial business continues to deepen its presence in economically developed areas such as along the Yangtze River and coastal regions, with a mature business model and steady growth in asset size and interest income. As of the end of 2024, the group's net interest-bearing assets amounted to 260.641 billion yuan, with asset deployment flow remaining stable compared to the previous year and orderly acceleration of asset recovery. The balance of non-performing assets remained stable, with a non-performing asset ratio of 1.07% and a further decrease in the proportion of interest-bearing assets overdue for more than 30 days to 0.90%. The net interest margin was 4.00%, and the net interest margin was 4.48%, maintaining a high level. In terms of industrial operations, the total revenue reached 16.181 billion yuan for the year, an increase of 9.78% year-on-year, with the revenue contribution ratio increasing from 38.68% to 42.71%, effectively mitigating the impact of cycles and environment, achieving a healthy and robust financial structure. Among them, HORIZON CD, as China's leading comprehensive equipment operation service provider, continues to deepen its domestic business and expand new categories and scenarios to create new growth momentum. It also continues to expand overseas markets, accelerating the progress of development in the existing Southeast Asian market and tapping into the potential of the Middle East market. Overseas business has achieved profitability, moving towards the vision of becoming a world-class comprehensive equipment operating service provider. As of the end of 2024, the management scale of HORIZON CD's aerial work platform has grown to 216,300 units, ranking first in Asia and top three in the world. The total management scale of material assets is approximately 2.14 million tons, leading domestically. It has 528 service outlets in China (including Hong Kong) and 53 service outlets overseas, covering Malaysia, Vietnam, Indonesia, Thailand, Saudi Arabia, the UAE, and Turkey. In 2024, HORIZON CD achieved total revenue of 11.581 billion yuan, an increase of 20.50% year-on-year, with a net profit of 896 million yuan. Hongxin Health continues to optimize its management model and improve management efficiency. In 2024, it completed the delivery of Yexian Second Hospital, with a total of 26 controlling hospitals, continuously improving profitability. In 2024, Hongxin Health achieved a total revenue of 4.093 billion yuan, with a net profit of 232 million yuan, a year-on-year increase of 34.61% compared to the previous year.