香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失 承擔任何責任。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited * ) （ 於中華人民共和國註冊成立的股份有限公司） （股份代號：6866） 董事會會議召開日期 佐力科創小額貸款股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈，本公司 謹定於二零二五年十月二十八日（ 星期二 ）舉行董事會會議，以（ 當中包括 ）考慮及批准本公 司及其附屬公司截至二零二五年九月三十日止九個月之未經審核綜合第三季度業績及其刊 發。 俞寅 香港，二零二五年十月十六日 於本公告日期，執行董事為俞寅先生、鄭學根先生、楊晟先生及胡芳芳女士；非執行董事為潘忠敏先生；以 及獨立非執行董事為陳健民先生、趙旭強先生及楊婕女士。 * 僅供識別 承董事會命 佐力科創小額貸款股份有限公司 董事長 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 FF301 公司名稱: 佐力科創小額貸款股份有限公司 (於中華人民共和國註冊成立之股份有限公司） 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 880,000,000 | RMB | | 1 | RMB | | 880,000,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 880,000,000 | RMB | | 1 | RMB | | 880,0 ...

Core Viewpoint - Zhaoli Microfinance (06866.HK) announced the completion of a name and business scope change for its non-wholly owned subsidiary, Hangzhou High-tech Zone (Binjiang) Xingyao Puhui Microfinance Co., Ltd. This change is part of the company's strategy to focus on risk control and stable operations rather than aggressive expansion [1] Group 1 - The company holds a 66% stake in Xingyao Microfinance, which held a shareholders' meeting on September 5, 2025, to approve the necessary changes [1] - The company will continue to focus on the Huzhou market through its main operating platform, Deqing Jinhui Microfinance Co., Ltd. [1] - The company has reached a consensus to exit the microfinance market and will gradually recover outstanding loans following the changes [1] Group 2 - The strategic shift aims to save operational costs for the group amid the overall market environment [1] - The company prioritizes risk control and stable operations over aggressive scale expansion [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並表明不會就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 （股份代號：6866） 自願公告 非全資附屬公司變更公司名稱及業務範圍 此乃佐力科創小額貸款股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願作出 的公告。 佐 力 科 創 小 額 貸 款 股 份 有 限 公 司 (Zuoli Kechuang Micro-finance Company Limited * ) （ 於中華人民共和國註冊成立之股份有限公司） 本公司董事（「董事」）會謹此宣佈，於二零二五年九月十二日，本公司持有66%股權的非全 資附屬公司杭州市高新區（ 濱江 ）興耀普匯小額貸款有限公司（「興耀小貸」）已完成公司名稱 及業務範圍的變更（「該等變更」）。興耀小貸已於二零二五年九月五日召開股東會審議相關 事宜，並取得股東有關於根據適用法律法規就該等變更辦理一切必要的工商登記手續的批 准。 該等變更詳情 公司名稱 變更前﹕杭州市高新區（ 濱江）興耀普匯小額貸款有限公司 變更後﹕杭州祺躍貿易有限 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 佐力科創小額貸款股份有限公司 (於中華人民共和國註冊成立之股份有限公司） 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 內資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 880,000,000 RMB | | | 1 RMB | | 880,000,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 880,000,000 RMB | | | 1 RMB | | 880,000,0 ...

Loan Portfolio and Financial Performance - As of June 30, 2025, the total amount of loans issued by the company and two other micro-lending companies in Deqing reached RMB 1.39 billion, with the company accounting for approximately 82.7% of this total[13] - The loan balance (excluding accrued interest) as of June 30, 2025, reached RMB 2.96 billion, with the company's share being approximately 86.8%[13] - The total amount of loans and advances provided to customers (excluding accrued interest) as of June 30, 2025, was RMB 2,571.6 million, with a leverage ratio of 2.18, down from 2.24 on December 31, 2024[16] - The total amount of loans and advances to customers was RMB 2,592.5 million as of June 30, 2025, a decrease from RMB 2,656.3 million as of December 31, 2024[40] - The overdue loan balance as of June 30, 2025, was RMB 99.6 million, representing 3.8% of the total loan balance, down from 4.0% on December 31, 2024[23] - The impaired loan ratio as of June 30, 2025, was 3.8%, down from 3.9% on December 31, 2024, with impaired loan balances of RMB 99.3 million and RMB 104.7 million, respectively[20][22] - The provision coverage ratio increased to 191% as of June 30, 2025, compared to 185% on December 31, 2024, reflecting a stronger reserve against potential loan losses[20] - The average interest rate on loans decreased from 7.6% for the six months ended June 30, 2024, to 6.8% for the six months ended June 30, 2025, due to a continuous decline in lending rates from banks and peers[16] - The company actively explores green lending models, focusing on sectors such as ecological agriculture, renewable energy, and energy-saving technologies[14] - The company maintains a strong focus on serving small and micro enterprises, particularly in the agricultural, industrial, and service sectors[17] Financial Results and Income Statement - Net interest income for the six months ended June 30, 2025, was RMB 73.8 million, down from RMB 81.4 million for the same period in 2024, representing a decrease of approximately 9.1%[26] - Total interest and commission expenses decreased from RMB 21.2 million in 2024 to RMB 16.4 million in 2025, a reduction of approximately 22.5%[27] - Other net income decreased from RMB 17.4 million in 2024 to RMB 11.5 million in 2025, primarily due to a reduction in government grants and foreign exchange gains[28] - Impairment losses for the six months ended June 30, 2025, were RMB 12.5 million, compared to a reversal of RMB 4.6 million in 2024[29] - Total profit and comprehensive income for the six months ended June 30, 2025, was RMB 33.5 million, down from RMB 46.6 million in 2024, indicating a decrease of approximately 28.1%[33] - The company reported a net loss of RMB 11,510,000 for the six months ended June 30, 2025, compared to a net income of RMB 17,408,000 for the same period in 2024[91] - Basic and diluted earnings per share were RMB 0.03, down from RMB 0.04 in the previous year[73] Assets and Liabilities - As of June 30, 2025, total assets were RMB 2,519,203,000, a decrease of 2.3% from RMB 2,578,519,000 at the end of 2024[76] - Total liabilities decreased to RMB 459,556,000, down 14.5% from RMB 537,408,000 at the end of 2024[76] - The asset-liability ratio decreased to 20.1% as of June 30, 2025, down from 24.1% as of December 31, 2024, primarily due to a reduction in interest-bearing loans by RMB 75.7 million[51] - The company reported interest-bearing borrowings of RMB 412.6 million, down from RMB 488.3 million as of December 31, 2024[34] - The company has no significant contingent liabilities as of June 30, 2025, maintaining a stable financial position[62] Operational Highlights and Market Position - The company is the first and only green micro-lending company in Huzhou, capitalizing on the region's favorable financial ecological environment[12] - The company operates primarily in Deqing County, which is a key area for green financial innovation and sustainable development in Zhejiang Province[12] - The company has positioned itself to benefit from the national strategy for high-quality development and common prosperity in Zhejiang Province, initiated by the State Council in May 2021[12] - Deqing has been recognized in multiple national rankings for comprehensive strength, green development, and technological innovation, enhancing the local financial services sector[12] - The company is actively exploring opportunities in high-tech and biopharmaceutical sectors, as several innovative enterprises have chosen Deqing as their headquarters[12] Shareholder and Governance Information - The company has a significant concentration of ownership, with major shareholders holding substantial percentages of the issued share capital[159] - Mr. Yu Youqiang controls approximately 37.58% of the company's issued shares through various entities, including Puhua Energy and Zhaoli Holdings[158] - Puhua Energy has pledged 322,540,960 domestic shares, representing 27.33% of the company's total issued share capital[165] - The board has decided not to declare any interim dividends for the six months ended June 30, 2025, consistent with the previous year[162] - The company maintains a public float of at least 25% of its issued shares as required by listing rules[152] Compliance and Risk Management - The company has established mechanisms to cover credit risks in its micro-lending business, including pre-loan assessments and post-loan monitoring[125] - The company is committed to monitoring compliance with financial covenants related to its borrowing arrangements[113] - The group’s liquidity risk is monitored regularly to ensure adequate cash reserves are maintained to meet financial obligations[131] - The company has no violations of bank loan covenants as of June 30, 2025, and December 31, 2024[114]

Group 1 - The core point of the article is that Zhaoli Microfinance (06866.HK) reported a decrease in net interest income and profit for the six months ending June 30, 2025, compared to the same period last year [1] Group 2 - The company's net interest income for the period was 73.82 million RMB, down from 81.43 million RMB in the same period last year [1] - The profit for the period was 33.52 million RMB, a decline from 46.63 million RMB in the previous year [1]

Core Viewpoint - Zhaoli Small Loan (06866) reported a decrease in net interest income and profit for the six months ending June 30, 2025, indicating challenges in maintaining profitability amid declining loan rates [1] Financial Performance - The company achieved net interest income of 73.819 million yuan, a year-on-year decrease of 9.35% [1] - Profit attributable to equity shareholders was 31.903 million yuan, down 29% year-on-year [1] - Earnings per share stood at 0.03 yuan [1] Loan Rates - The average loan interest rates for the periods ending June 30, 2024, and June 30, 2025, were 7.6% and 6.8%, respectively, showing a decline [1] - The decrease in average loan rates was primarily due to the continuous reduction in loan rates by banks and industry peers [1] - The company adjusted its average loan rates downward to ensure asset quality in response to market conditions [1]

Core Points - Zhaoli Microfinance (06866) reported a net interest income of 73.819 million yuan for the six months ending June 30, 2025, representing a year-on-year decrease of 9.35% [1] - The profit attributable to equity shareholders was 31.903 million yuan, down 29% year-on-year, with earnings per share at 0.03 yuan [1] - The average loan interest rates for the periods ending June 30, 2024, and June 30, 2025, were 7.6% and 6.8% respectively, indicating a decline in average loan rates due to decreasing lending rates from banks and peers [1]

[Financial Statements](index=2&type=section&id=Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) Net profit for the six months ended June 30, 2025, decreased by 28.1% due to lower interest income and other net losses, despite impairment reversals | Metric | Six Months Ended June 30, 2025 (RMB thousands) | Six Months Ended June 30, 2024 (RMB thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Net Interest Income | 73,819 | 81,431 | -9.4% | | Impairment Losses | 4,594 | (12,528) | N/A (Shift from Loss to Gain) | | Profit Before Tax | 45,963 | 64,509 | -28.7% | | **Profit and Total Comprehensive Income for the Period** | **33,522** | **46,626** | **-28.1%** | | Profit Attributable to Equity Holders of the Company | 31,903 | 44,940 | -29.0% | | Basic and Diluted Earnings Per Share (RMB) | 0.03 | 0.04 | -25.0% | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) Total assets decreased due to reduced loans, while total liabilities significantly declined and net assets slightly increased | Metric | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | Period Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **2,519,203** | **2,578,519** | **-2.3%** | | Loans and Advances to Customers | 2,402,371 | 2,462,054 | -2.4% | | **Total Liabilities** | **459,556** | **537,408** | **-14.5%** | | Interest-bearing Borrowings | 412,554 | 488,287 | -15.5% | | **Total Equity** | **2,059,647** | **2,041,111** | **+0.9%** | [Consolidated Statement of Changes in Equity](index=5&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) Total equity attributable to equity holders increased, driven by period profit and partially offset by distributed dividends - Profit and total comprehensive income for the period was **RMB 33.522 million**[7](index=7&type=chunk) - Approved and distributed dividends attributable to prior years totaled **RMB 14.986 million**[7](index=7&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash from operating activities increased by 9.6% to RMB 106 million, while net cash outflow from financing activities expanded | Cash Flow Activities | Six Months Ended June 30, 2025 (RMB thousands) | Six Months Ended June 30, 2024 (RMB thousands) | | :--- | :--- | :--- | | Net Cash from Operating Activities | 105,964 | 96,685 | | Net Cash from Investing Activities | — | 58 | | Net Cash Used in Financing Activities | (106,195) | (89,466) | | **Net (Decrease) / Increase in Cash and Cash Equivalents** | **(231)** | **7,277** | | Cash and Cash Equivalents at Period-End | 10,284 | 24,755 | [Notes to the Financial Statements](index=7&type=section&id=Notes%20to%20the%20Financial%20Statements) [Basis of Preparation and Accounting Policies](index=7&type=section&id=Basis%20of%20Preparation%20and%20Accounting%20Policies) This interim financial report is prepared under HKAS 34 and reviewed by KPMG, with consistent accounting policies - Interim financial report was prepared in accordance with Hong Kong Accounting Standard 34[9](index=9&type=chunk) - The report is unaudited but was reviewed by KPMG in accordance with Hong Kong Standard on Review Engagements 2410[10](index=10&type=chunk) [Analysis of Key Financial Items](index=8&type=section&id=Analysis%20of%20Key%20Financial%20Items) This section details key income statement and balance sheet items, including a 9.4% drop in net interest income and a net impairment reversal [3 Net Interest Income](index=8&type=section&id=3%20Net%20Interest%20Income) Net interest income for H1 2025 decreased by 9.4% to RMB 73.819 million, primarily due to reduced interest income from customer loans | Item | H1 2025 (RMB thousands) | H1 2024 (RMB thousands) | | :--- | :--- | :--- | | Interest Income from Customer Loans | 90,211 | 102,550 | | Interest Expense from Non-Bank Borrowings | (15,822) | (20,556) | | **Net Interest Income** | **73,819** | **81,431** | [5 Impairment Losses](index=9&type=section&id=5%20Impairment%20Losses) A net impairment loss reversal of RMB 4.594 million was recorded, a significant contrast to the prior period's provision, indicating improved asset quality - For the six months ended June 30, 2025, impairment losses were a net reversal of **RMB 4.594 million**, compared to a provisioned loss of **RMB 12.528 million** in the same period last year[15](index=15&type=chunk) [10 Loans and Advances to Customers](index=11&type=section&id=10%20Loans%20and%20Advances%20to%20Customers) Net loans and advances to customers decreased by 2.4% to RMB 2.402 billion, with guaranteed loans comprising 98.0% and overdue loans slightly decreasing 按性質分析 | Loan Type | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Corporate Loans | 1,138,250 | 1,219,180 | | Retail Loans | 1,410,309 | 1,395,888 | | Internet Micro-lending | 23,000 | 25,466 | | **Total Loans (excluding interest)** | **2,571,559** | **2,640,534** | 按抵押物類型分析 | Collateral Type | June 30, 2025 (%) | December 31, 2024 (%) | | :--- | :--- | :--- | | Credit Loans | 1.0% | 1.1% | | Guaranteed Loans | 98.0% | 97.9% | | Mortgage Loans | 0.1% | 0.1% | | Pledged Loans | 0.9% | 0.9% | - Total overdue loans decreased from **RMB 105 million** at the end of 2024 to **RMB 99.59 million** as of June 30, 2025[23](index=23&type=chunk) [14 Interest-bearing Borrowings](index=19&type=section&id=14%20Interest-bearing%20Borrowings) Total interest-bearing borrowings decreased by 15.5% to RMB 413 million, primarily due to the repayment of Euro-denominated borrowings | Borrowing Source | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Bank Borrowings | 25,028 | 25,028 | | Euro-denominated Borrowings | 387,526 | 463,259 | | **Total** | **412,554** | **488,287** | [18 Financial Risk Management](index=22&type=section&id=18%20Financial%20Risk%20Management) The group faces credit, liquidity, interest rate, and currency risks, with credit risk managed through strict controls and currency risk significantly reduced [18(a) Credit Risk](index=22&type=section&id=18%28a%29%20Credit%20Risk) Credit risk primarily arises from micro-lending, managed by a comprehensive risk mechanism, with low concentration despite geographical focus in Zhejiang Province - The group has established a credit risk management mechanism covering key operational stages of loan business, including pre-loan assessment, credit approval, and post-loan monitoring[44](index=44&type=chunk) - As of June 30, 2025, loan exposure to the largest customer and top five customers was **1.91%** and **7.17%** respectively, with manageable concentration[48](index=48&type=chunk) [18(b) Liquidity Risk](index=24&type=section&id=18%28b%29%20Liquidity%20Risk) Management ensures sufficient cash reserves by monitoring liquidity needs, with short-term liquidity appearing strong based on contractual cash flow analysis - The report provides a maturity analysis of financial assets and liabilities based on contractual undiscounted cash flows to assess liquidity risk[51](index=51&type=chunk) [18(c) Interest Rate Risk](index=25&type=section&id=18%28c%29%20Interest%20Rate%20Risk) The group's interest rate risk is extremely low as most financial assets and liabilities are fixed-rate, limiting market rate fluctuation impact - The group's loans and advances to customers and interest-bearing borrowings are all at fixed interest rates, resulting in very low interest rate exposure[54](index=54&type=chunk) - Sensitivity analysis shows that a general increase of **50 basis points** in interest rates is expected to increase net profit by approximately **RMB 38 thousand** over the next 12 months[55](index=55&type=chunk) [18(d) Currency Risk](index=26&type=section&id=18%28d%29%20Currency%20Risk) Currency risk, primarily from Euro-denominated borrowings, significantly reduced as exposure decreased from RMB 125 million to RMB 42.25 million Foreign Currency Exposure (Euro) | Item | June 30, 2025 (RMB thousands) | December 31, 2024 (RMB thousands) | | :--- | :--- | :--- | | Interest-bearing Borrowings | (42,250) | (124,527) | [20 Related Party Transactions](index=29&type=section&id=20%20Related%20Party%20Transactions) Key related party transactions include guarantees for bank borrowings by the Chairman and property leases from Zuoli Holding Group, all on normal commercial terms - The Chairman of the Board and other related parties provided guarantees for the group totaling **RMB 57.50 million** in borrowings[65](index=65&type=chunk)[67](index=67&type=chunk)[108](index=108&type=chunk) - The group leased properties from related party Zuoli Holding Group Co., Ltd. and paid for utilities and catering expenses[66](index=66&type=chunk)[69](index=69&type=chunk) [Management Discussion and Analysis](index=31&type=section&id=Management%20Discussion%20and%20Analysis) [Industry Overview](index=31&type=section&id=Industry%20Overview) The company benefits from policy advantages in Zhejiang Province, holding a significant regional leading position as Huzhou's first green micro-lending company - The company seized opportunities from Zhejiang Province's common prosperity demonstration zone and Huzhou City's National Green Finance Reform and Innovation Pilot Zone, becoming Huzhou's first green micro-lending company[70](index=70&type=chunk) - In its main market, Deqing County, the group's loan balance accounted for approximately **86.8%** of the total balance of local micro-lending companies, holding an absolute advantage in market share[71](index=71&type=chunk) [Business Overview](index=32&type=section&id=Business%20Overview) The company, Zhejiang's largest licensed micro-lender by registered capital, saw total loan balance decrease and average interest rate decline due to competition, yet asset quality improved [Loan Portfolio Analysis](index=32&type=section&id=Loan%20Portfolio%20Analysis) Total loan balance decreased by 2.6% to RMB 2.572 billion, with leverage ratio declining and average interest rate dropping to 6.8% due to market competition | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Loans (RMB thousands) | 2,571,559 | 2,640,534 | | Leverage Ratio | 2.18 | 2.24 | - For the six months ended June 30, 2025, the average loan interest rate was **6.8%**, a decrease from **7.6%** in the same period last year, to cope with market competition and ensure asset quality[73](index=73&type=chunk)[81](index=81&type=chunk) [Asset Quality](index=35&type=section&id=Asset%20Quality) Asset quality indicators improved, with impaired loan ratio decreasing to 3.8% and provision coverage ratio increasing to 191%, enhancing risk resilience | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Impaired Loan Ratio | 3.8% | 3.9% | | Provision Coverage Ratio | 191% | 185% | | Overdue Loan Ratio | 3.8% | 4.0% | - Total overdue loans decreased from **RMB 105 million** at the end of 2024 to **RMB 99.60 million** As of August 15, 2025, **RMB 2.50 million** had been recovered[79](index=79&type=chunk) [Financial Overview](index=36&type=section&id=Financial%20Overview) Performance faced pressure due to reduced net interest income and other net losses, despite a positive contribution from impairment loss reversals [Operating Results](index=36&type=section&id=Operating%20Results) Profit for the period decreased by 28.1% to RMB 33.50 million, primarily due to lower net interest income and other net losses, despite impairment reversals - Net interest income decreased primarily due to reduced loan balances and a decline in average loan interest rate from **7.6%** to **6.8%**[81](index=81&type=chunk) - Other net income turned into a loss, primarily due to a **RMB 13.30 million** reduction in government subsidies and a **RMB 15.60 million** decrease in exchange gains[83](index=83&type=chunk) - Impairment losses shifted from a provision of **RMB 12.50 million** in the same period last year to a reversal of **RMB 4.60 million** this period, positively contributing to profit[84](index=84&type=chunk) [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) The company relies on equity, borrowings, and operating cash flow, with net cash from operations at RMB 106 million and reduced interest-bearing borrowings - For the six months ended June 30, 2025, net cash from operating activities was **RMB 106 million**[90](index=90&type=chunk) - Net cash outflow from financing activities was **RMB 106 million**, primarily used for repayment of **RMB 187 million** in interest-bearing borrowings[91](index=91&type=chunk) [Key Financial Ratios](index=44&type=section&id=Key%20Financial%20Ratios) Key financial ratios indicate stable profitability and optimized financial structure, with annualized ROE at 3.2% and debt-to-asset ratio significantly decreasing | Metric | Six Months Ended June 30, 2025 | For the Year Ended December 31, 2024 | | :--- | :--- | :--- | | Weighted Average Return on Equity (%) | 3.2 (annualized) | 3.2 | | Average Return on Assets (%) | 2.6 (annualized) | 2.5 | | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Debt-to-Asset Ratio (%) | 20.1 | 24.1 | [Prospects](index=47&type=section&id=Prospects) The company will leverage policy support and its unique advantages to deepen green credit business, aiming for inclusive finance and sustainable development - The company will seize opportunities from Zhejiang Province's common prosperity demonstration zone and Huzhou's 'Two Mountains' concept to explore a sustainable green credit path[122](index=122&type=chunk) - The company has partnered with international institutions such as DEG and GCPF to introduce green loan concepts and technical support[123](index=123&type=chunk) - The company officially became Huzhou City's first green micro-lending company in May 2023[123](index=123&type=chunk) [Other Information](index=49&type=section&id=Other%20Information) [Corporate Governance](index=49&type=section&id=Corporate%20Governance) The company is committed to high corporate governance standards and fully complied with the Corporate Governance Code during the reporting period - During the reporting period, the company fully complied with the Corporate Governance Code[125](index=125&type=chunk) [Dividend Policy](index=49&type=section&id=Dividend%20Policy) The Board decided not to declare an interim dividend for the six months ended June 30, 2025, consistent with the prior year's policy - The Board decided not to declare an interim dividend for the six months ended June 30, 2025[128](index=128&type=chunk) [Other Disclosures](index=49&type=section&id=Other%20Disclosures) No significant post-period events or listed securities transactions occurred, though a major shareholder pledged 27.33% of the company's domestic shares in April 2025 - On April 23, 2025, major shareholder Puhua Energy pledged **322,540,960 shares** of domestic shares, representing **27.33%** of the company's total issued share capital[130](index=130&type=chunk) - As of the end of the reporting period and the announcement date, there were no significant post-period events[129](index=129&type=chunk)