CR Holdings (01911) announces interim financial results. The company's attributable profit to owners is RMB 64.98 million, turning around from a loss year-on-year.
(01911) announced its mid-term performance for 2025, with total revenue of approximately 425 million yuan, a year-on-year increase of 2...
CR HOLDINGS (01911) announced its mid-term performance in 2025, with total revenue of approximately 425 million yuan, a year-on-year increase of 29.25%; total revenue and net investment income were 460 million yuan, a year-on-year increase of 27%. The company's attributable profit for the period totaled 64.984 million yuan, turning from a loss to a profit compared to the previous year.
In the first half of 2025, the investment management business contributed 52% of the group's total revenue. Actively promoting the orderly exit of projects remains the focus of the current investment management business. During this period, the total exit amount of fund projects managed by the group totaled 1.3 billion yuan. With the continued exit of projects, the group's fund investment return ratio (DPI) has further improved. As of now, 5 out of the 11 main funds managed by the group, as well as several project funds, have a DPI of over 100% and have started to generate associated equity. The associated equity continues to be included in the financial statements this year, continuing to support the group's performance. During the reporting period, the group's total associated equity included in the financial statements was 150 million yuan, with a net associated equity of 60 million yuan, exceeding the associated equity income for the whole of the previous year. As of the end of the reporting period, the cumulative unrealized total associated equity was 1.9 billion yuan (corresponding to a net associated equity of 500 million yuan), which is expected to continue to provide support for future asset management business income and the group's performance. In the first half of 2025, fund investment projects Circle, Shandong Weigao Blood Purification Products, Zhaogangwang, and Yao Jie'an Kang successfully went public one after another. At the same time, many investee companies are also in the process of applying for IPO. The first stable coin in the world, "Circle," is one of the largest and most widely used stable coin network operators circulating globally. As of June 30, 2025, its stock price has increased nearly five times since its issuance. Huaxing New Economy Fund invested in Circle as early as 2018, which fully demonstrates the team's forward-looking investment vision and optimism for the future development prospects of the digital asset industry, as well as the group's deep research capabilities and forward-looking strategic investment vision and layout.
In the first half of 2025, Huaxing Securities Co., Ltd. had total revenue and net investment income of 130 million yuan, a year-on-year increase of 25%. The strategic focus areas continued to show good growth momentum. Huaxing Securities' Duoduo Jin App continues to empower business development, deeply integrating intelligent tools into various investment processes to meet the diverse investment needs of clients. As of the end of June 2025, the cumulative registered users and cumulative account openings of Huaxing Securities' Duoduo Jin App increased by 26% and 35%, respectively, compared to the end of 2024. In the first half of 2025, revenue from retail brokerage business increased by 110% year-on-year. In the investment banking business, Huaxing Securities focuses on the hard technology field, creating a comprehensive service chain from private placement financing to IPO. During the reporting period, projects such as Kunlun Chip and Source of Magnesium Power were completed through private equity financing. While expanding business and increasing revenue, Huaxing Securities continues to reduce costs and increase efficiency, with operating losses in the first half of 2025 narrowing significantly by 60% year-on-year. As of the end of the period, Huaxing Securities had total assets of 3.4 billion yuan, net assets of 2.4 billion yuan, and high liquidity assets such as cash, deposits, cash management, and listed company bonds totaling 2.8 billion yuan.
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