Group 1 - The company issued a profit warning for the first half of 2025, expecting a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million [1] - The company's cash reserves reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a stable liquidity position [1] - The loss is primarily due to impairment losses recognized on historical bridge supply chain assets based on expected credit loss models [1] Group 2 - The company has made significant progress in addressing historical issues by strengthening its credit risk management system, advancing the recovery of legacy assets, and prudently recognizing impairment provisions [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]

Core Viewpoint - 联易融科技集团预计2025年上半年将出现约人民币3.7亿元至3.9亿元的综合亏损净额，主要由于对历史遗留的过桥供应链资产计提减值损失，但现金储备却增加至约人民币54亿元，显示出公司流动性稳健 [1] Group 1 - The company anticipates a net loss attributable to equity shareholders of approximately RMB 370 million to RMB 390 million for the first half of 2025 [1] - The cash reserves of the company reached approximately RMB 5.4 billion, an increase of RMB 300 million compared to the end of 2024, indicating a strong liquidity position [1] - The loss is primarily due to impairment losses recognized based on the expected credit loss model for historical bridge supply chain assets on the balance sheet [1] Group 2 - The company has made significant progress in addressing historical issues through enhanced credit risk management, targeted recovery of legacy assets, and prudent impairment provisioning [2] - These measures have effectively reduced the ongoing impact of historical factors on the current and future financial condition of the company [2]