XINIYA(US:DXF)2022-09-27 16:00Financial Performance - Total interest income for the first six months of 2022 was RMB57.8 million (US$8.9 million), representing a decrease of 30.0% from RMB82.6 million in the same period of the prior year[2] - Net interest income fell by 34.5% to RMB47.7 million (US$7.3 million) in the first six months of 2022, down from RMB72.8 million in the same period of the prior year[5] - Net profit for the first six months of 2022 was RMB60.2 million (US$9.3 million), a decrease of 14.9% from RMB70.7 million in the same period of the prior year[10] - Earnings per American Depositary Share (ADS) was US$0.35 in the first six months of 2022, compared to US$0.52 in the same period of the prior year[10] - Operating profit before working capital changes was RMB 45,264,000, down from RMB 71,772,000, a decline of 37.0%[26] Loan and Asset Management - Total outstanding principal balance of loans decreased to RMB753.6 million (US$112.5 million) as of June 30, 2022, a decline of 0.1% from RMB754.4 million as of December 31, 2021[2] - Loans receivable, net of credit impairment losses, increased by 13.2% to RMB628.6 million (US$93.8 million) as of June 30, 2022, compared to RMB555.1 million as of December 31, 2021[2] - Loans receivable increased to RMB 628,608,000 from RMB 555,133,000, a rise of 13.2%[23] Cash and Liquidity - As of June 30, 2022, cash and restricted cash amounted to RMB197,000 (US$29,000), a decrease from RMB396,000 as of December 31, 2021[11] - Net cash used by operating activities for the first six months of 2022 was RMB29,000, compared to RMB1,000 in the same period of the prior year, indicating limited liquidity[13] - Cash and restricted cash at the end of the period was RMB 197,000, compared to RMB 396,000 at the beginning, showing a decrease of 50.3%[26] Expenses and Impairment - The company reversed credit impairment losses to RMB16.4 million for the first six months of 2022, primarily due to the revaluation of the present value of interest receivable[7] - Operating expenses increased to RMB3.9 million (US$0.6 million) for the first six months of 2022, up from RMB2.5 million in the same period of the prior year[9] Overall Growth and Equity - Total current assets rose to RMB 629,811,000, up from RMB 556,377,000, reflecting a 13.1% increase[23] - Total assets increased to RMB 670,519,000, compared to RMB 598,562,000, marking a 12.0% growth[24] - Total comprehensive income for the period was RMB 70,689,000, up from RMB 59,999,000, indicating an 18.3% increase[22] - Total liabilities increased to RMB 292,217,000 from RMB 280,259,000, reflecting a 4.0% increase[24] - Non-controlling interests in equity rose to RMB 75,661,000 from RMB 63,661,000, a growth of 18.8%[24] Earnings Per Share - Earnings per share (basic and diluted) increased to RMB 0.07 from RMB 0.05, representing a 40% growth[22]