C SUCCESS FIN (03623) announced that the group expects net revenue for the six months ended June 30, 2025, to decrease significantly compared to the same period last year (six months ended June 30, 2024), with a decline ranging from approximately 80% to 85%. The loss for the reporting period decreased by approximately 65% to 75% compared to the same period last year.

The substantial decline in net revenue during the reporting period was primarily attributable to: (i) the energy storage system sales business failed to generate any revenue, mainly due to intense competition in the South African energy storage system market and no new sales orders signed with distributors during the reporting period; and (ii) the guarantee business achieved net income that decreased by approximately 90% to 95% compared to the same period last year, mainly due to slower market financing demand and weakened market investment confidence.

The reduction in the group's loss during the reporting period was mainly due to no impairment losses being recognized for any property, plant and equipment during the reporting period, while impairment losses of approximately 15.6 million yuan were recognized in the same period last year.