Core Viewpoint - The company anticipates a significant decline in net income for the six months ending June 30, 2025, with a decrease of approximately 80% to 85% compared to the same period last year, while the loss is expected to decrease by about 65% to 75% [1] Group 1: Financial Performance - The expected net income decline is primarily due to the energy storage system sales business failing to generate any revenue, attributed to intense competition in the South African energy storage market and the absence of new sales orders with distributors during the reporting period [1] - The net income from the guarantee business is projected to decrease by approximately 90% to 95% compared to the same period last year, driven by a slowdown in market financing demand and weakened market investment confidence [1] - The reduction in the company's loss is mainly due to the absence of impairment losses on properties, plants, and equipment during the reporting period, whereas approximately 15.6 million was recognized as impairment loss in the same period last year [1]

Core Viewpoint - China Financial Development (03623) anticipates a significant decline in net income for the six months ending June 30, 2025, with a decrease of approximately 80% to 85% compared to the same period last year [1] Financial Performance Summary - The expected net income for the reporting period is projected to drop significantly, while the loss amount is expected to decrease by about 65% to 75% compared to the previous year [1] - The decline in net income is primarily attributed to the following factors: - The energy storage system sales business failed to generate any revenue due to intense competition in the South African energy storage market and the absence of new sales orders with distributors during the reporting period [1] - The guarantee business experienced a net income reduction of approximately 90% to 95% compared to the previous year, driven by a slowdown in market financing demand and weakened market investment confidence [1] - The reduction in the group's loss amount is mainly due to the absence of impairment losses on properties, plants, and equipment during the reporting period, whereas the previous year recorded an impairment loss of approximately 15.6 million [1]