FE HORIZON (03360): The operating revenue and net profit attributable to ordinary shareholders increased slightly year-on-year in the first quarter.

FE Horizon (03360) announced that in 2026, the group has adhered to a prudent and cautious operating strategy, with stable operational performance. As of the first quarter ending on March 31, 2026, both operating income and net profits attributable to ordinary shareholders have increased slightly compared to the same period last year. Financial services: Both operating income and gross profit saw growth year-on-year during the period. The total interest-earning assets at the end of the period saw a slight increase compared to the end of last year; the asset yield and interest spread have improved both year-on-year and quarter-on-quarter, and funding costs have decreased further compared to the end of last year. Asset quality remains stable, with the balance of non-performing assets maintained at the level of the end of last year, a slight decrease in non-performing loan ratio, and provision coverage remaining prudent. Inclusive finance business continues to adhere to a prudent write-off policy, with the scale of interest-earning assets at the end of the period slightly exceeding 10% growth from the end of last year, and both income and profits have maintained rapid growth year-on-year. In addition, the group has continued to follow a prudent risk management strategy during the period, with effective forex hedging measures in place and maintaining sufficient and good liquidity as always.