Summary of Conference Call Company Overview - The conference call was held by Far East Horizon Co., Ltd. to discuss its 2024 annual performance and future strategies [1][2] - The company operates in multiple sectors, including financial services and industrial operations, with a focus on risk management and asset optimization [2][5] Financial Performance - The overall revenue for the company increased by 20% year-on-year, with financial services being a significant contributor [2][5] - The company's operating expenses (OPEX) rose by approximately 2 million compared to the previous year, primarily due to overseas market expansion and R&D investments [3][4] - The net profit for the year was reported at approximately 9 billion, a decrease from 16 billion in the previous year, attributed to domestic price competition [9][10] Business Segments Financial Services - Financial services maintained stable asset quality, with a slight increase in non-performing loans (NPL) ratio due to a reduction in interest-earning assets [6][7] - The net interest margin was reported at 4.48%, with a slight decrease from the previous year [8][9] - The company emphasized a dual-driven strategy combining financial and industrial operations to mitigate risks from market fluctuations [5][12] Industrial Operations - The industrial segment, particularly Hongxin Jianfa, reported a revenue of 115.8 billion, with a net profit of 9 billion [9][10] - The overseas business has shown promising growth, achieving a breakeven point after two years of expansion, with total overseas assets exceeding 3 billion [10][11] - The company has established a strong presence in various countries, with over 50 operational sites and partnerships with more than 1,700 clients [10][11] Strategic Focus - The company aims to enhance shareholder returns, with a proposed final dividend of 0.3 HKD per share, totaling an annual distribution of 0.55 HKD, a 10% increase from the previous year [4][5] - Future strategies include cautious expansion in both domestic and international markets, focusing on familiar industries and clients [19][20] - The management highlighted the importance of maintaining a stable financial structure and risk management practices to navigate economic uncertainties [22][23] Market Outlook - The management expressed a cautious but optimistic outlook for the Chinese economy, emphasizing stability and gradual growth [32][33] - The company plans to continue its focus on nine key industries, adapting to market changes while ensuring asset safety and quality [19][20] Additional Insights - The company has been actively engaging with small and micro-enterprises, recognizing their potential for growth and contribution to the economy [27][29] - There is an ongoing evaluation of opportunities in emerging sectors, such as data centers, although no definitive plans have been made yet [40] This summary encapsulates the key points discussed during the conference call, highlighting the company's performance, strategic direction, and market outlook.