華興資本控股公佈中期業績 公司擁有人應占利潤 6498.4 萬元 同比扭虧為盈

According to the Zhitong Finance APP, CR HOLDINGS (01911) announced its mid-term results for 2025, with total revenue of approximately RMB 425 million, a year-on-year increase of 29.25%; total revenue and net investment income amounted to RMB 460 million, a year-on-year increase of 27%. The profit attributable to the company's owners during the period was RMB 64.984 million, turning a profit compared to a loss in the previous year.

In the first half of 2025, the investment management business contributed 52% of the group's total revenue. Actively promoting the orderly exit of projects remains the current focus of the investment management business. During this period, the total exit amount of the funds managed by the group reached RMB 1.3 billion. With the continued exit of projects, the group's fund investment return ratio (DPI) further improved. As of now, 5 out of 11 main funds, as well as several project funds, have a DPI exceeding 100% and have begun to generate carried interest. The carried interest has continued to be included in the financial statements this year, providing ongoing support for the group's performance. During the reporting period, the total carried interest recognized by the group was RMB 150 million, with net carried interest of RMB 60 million, exceeding the total carried interest income for the previous year. As of the end of the reporting period, the cumulative unrealized total carried interest was RMB 1.9 billion (corresponding net carried interest of RMB 500 million), which is expected to continue to support future asset management business income and the group's performance. In the first half of 2025, fund investment projects Circle, Weigao Blood Products, Zhaogang.com, and Yaojie Ankang were successfully listed. At the same time, several invested enterprises are also in the process of applying for IPOs. The world's first stablecoin stock "Circle" is one of the largest and most widely used stablecoin network operators globally. As of June 30, 2025, its stock price had increased nearly fivefold from the issue price. The CR HOLDINGS New Economy Fund invested in Circle back in 2018, which fully reflects the team's investment foresight and optimism about the development prospects of the digital asset industry, as well as proving the group's long-standing deep research capabilities and forward-looking strategic investment vision and layout.

In the first half of 2025, Huaxing Securities Co., Ltd. reported total revenue and net investment income of RMB 130 million, a year-on-year increase of 25%. Strategic key businesses maintained a good growth trend. The Huaxing Securities Duoduo Jin App continuously empowers business development, deeply integrating intelligent tools into various investment links to meet customers' multi-level investment needs. As of the end of June 2025, the cumulative registered users and cumulative account openings of the Huaxing Securities Duoduo Jin APP increased by 26% and 35%, respectively, compared to the end of 2024. In the first half of 2025, retail brokerage business revenue increased by 110% year-on-year. In terms of investment banking business, Huaxing Securities focuses on the hard technology sector, creating comprehensive services from private financing to IPO. During the reporting period, private equity financing projects such as Kunlun Core and Magnesium Source Power were completed. While expanding business and increasing revenue, Huaxing Securities continued to reduce costs and increase efficiency, with operating losses in the first half of 2025 significantly narrowing by 60% year-on-year. As of the end of the period, Huaxing Securities had total assets of RMB 3.4 billion, net assets of RMB 2.4 billion, and high liquidity assets including cash, deposits, cash management, and listed company bonds totaling RMB 2.8 billion