Jiayuan Services (01153.HK) announces profit increase, with estimated mid-term net profit attributable to shareholders of approximately 1.2 billion to 1.5 billion yuan.

The Zhixin Finance APP reported that Jia Yuan Service (01153.HK) announced that the group is expected to achieve a net profit attributable to owners of the company of approximately RMB 120 million to RMB 150 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 63.2 million for the six months ending June 30, 2024. The increase in net profit is mainly attributed to the signing of a mandatory enforcement mediation agreement on May 15, 2025, which resulted in a reversal of impairment provision related to unauthorized guarantees provided to the then ultimate controlling shareholder amounting to approximately RMB 109 million.