PINTEC(US:PT)2025-09-19 21:00Financial Performance - Total revenues increased by 2.71% to RMB15.33 million (US$2.14 million) for the first half of 2025 compared to RMB14.92 million for the same period of 2024[5] - Gross profit increased by 4.88% to RMB9.34 million (US$1.30 million) for the first half of 2025, with a gross margin of 60.92% compared to 59.66% for the same period of 2024[5] - Net loss decreased by 43.26% to RMB4.73 million (US$0.66 million) for the first half of 2025 compared to RMB8.34 million for the same period of 2024[14] - Total revenues for the six months ended June 30, 2025, were RMB 15,326,000, representing an increase of 2.7% from RMB 14,922,000 in the same period of 2024[34] - Net loss attributable to Pintec Technology Holdings Limited shareholders decreased to RMB 4,876,000 for the six months ended June 30, 2025, compared to RMB 8,429,000 in the same period of 2024, reflecting a reduction of 42.5%[34] - Gross profit for the six months ended June 30, 2025, was RMB 9,336,000, up from RMB 8,902,000 in the same period of 2024, indicating a growth of 4.9%[34] - The company reported a net loss of RMB 4,734,000 for the six months ended June 30, 2025, compared to RMB 8,343,000 in the same period of 2024, showing an improvement of 43.5%[34] - Adjusted net loss attributable to Pintec Technology Holdings Limited shareholders for the six months ended June 30, 2025, was RMB 6,978,000, compared to RMB 8,429,000 in the same period of 2024[36] Loans and Assets - Total loans facilitated decreased by 13.00% to RMB40.17 million (US$5.61 million) for the first half of 2025 from RMB46.17 million for the same period of 2024[5] - Loan outstanding balance decreased by 19.11% to RMB53.13 million (US$7.42 million) as of June 30, 2025, from RMB65.68 million as of December 31, 2024[5] - Total current assets as of June 30, 2025, were RMB 88,724,000, a decrease of 6.1% from RMB 94,478,000 as of December 31, 2024[32] - Total liabilities as of June 30, 2025, were RMB 496,512,000, slightly down from RMB 498,559,000 as of December 31, 2024[32] - The company’s cash and cash equivalents increased to RMB 33,901,000 as of June 30, 2025, from RMB 26,951,000 as of December 31, 2024, representing a growth of 25.0%[32] - Cash and cash equivalents and long-term restricted cash totaled RMB38.90 million (US$5.43 million) as of June 30, 2025, compared to RMB31.95 million as of December 31, 2024[18] Tax and Expenses - The company recorded an income tax benefit of RMB1.82 million (US$0.25 million) for the first half of 2025, compared to an income tax expense of RMB0.46 million for the same period of 2024[12] - Research and development expenses for the six months ended June 30, 2025, were RMB 2,369,000, compared to RMB 2,264,000 in the same period of 2024, reflecting an increase of 4.6%[34] Strategic Initiatives - The company has entered into an agreement for a line of credit facility of up to US$40 million to alleviate pressure on capital turnover[19] - The company plans to enhance risk management, expand its customer base, and strengthen strategic partnerships to pursue sustainable growth[6] - The company completed a share transfer agreement to acquire approximately 25% equity interest in ZIITECH, consolidating its financial statements[22] Share Information - The weighted average ordinary shares outstanding for the six months ended June 30, 2025, remained stable at 554,687,175[36]