Fengyinhe Holdings Limited (HKEX: 08030) released its audited results for the year ended 31 December 2025.

OPERATING PERFORMANCE • Revenue fell 13.3% year on year (YoY) to RMB113.65 million, driven by a 10.4% contraction in financial services-platform income to RMB108.35 million and a 48.8% slide in interest income to RMB5.30 million.

• Gross profit decreased 11.1% to RMB87.25 million, while the gross-profit margin held at a high 76.8% (FY-2024: 74.8%).

• Profit before tax declined 14.5% to RMB70.62 million. Net profit attributable to shareholders slipped 13.4% to RMB47.50 million. Basic and diluted EPS dropped to RMB13.98 cents (FY-2024: RMB28.93 cents) as the weighted average share count almost doubled after the 2024 rights issue.

COSTS AND EXPENSES • Cost of services decreased 20.3% to RMB26.40 million. • Administrative and other expenses contracted 11.3% to RMB26.00 million. • Finance costs surged 165.4% to RMB0.36 million, reflecting interest on a HK$20.60 million (approx. RMB18.79 million) promissory note issued in June 2025.

ASSET QUALITY • Expected-credit-loss movements swung to a net reversal of RMB6.49 million (FY-2024: RMB5.69 million provision). • Loans and interest receivables fell 27.0% to RMB117.26 million; ECL allowance narrowed to RMB4.82 million (FY-2024: RMB10.05 million).

BALANCE SHEET AND LIQUIDITY • Total assets expanded to RMB341.24 million (FY-2024: RMB221.83 million) after consolidating a newly acquired associate and a Hong Kong property. • Cash and cash equivalents more than tripled to RMB173.45 million, supported by a HK$60.30 million (approx. RMB55.02 million) rights-issue inflow in August 2024. • Total liabilities increased to RMB100.04 million, lifting the gearing ratio to 29.3% (FY-2024: 22.3%). • Net assets rose 39.9% YoY to RMB241.20 million.

CORPORATE DEVELOPMENTS 1. Acquired 30% of cybersecurity firm OnlyOwner Technology Limited for HK$27.60 million (RMB25.17 million), partly via a two-year, 2.5% promissory note (outstanding balance RMB18.18 million at year-end). 2. Purchased a 1,687 sq.ft. residential property in Tuen Mun, Hong Kong, for HK$23.80 million, settled through issuance of 10.13 million shares as staff quarters. 3. Completed a three-for-one rights issue in August 2024, issuing 254.41 million new shares and raising net proceeds of HK$60.30 million for working capital and fintech/data-centre expansion.

SEGMENT RESULTS (FY-2025) • Financial-services platform: revenue RMB108.35 million; segment profit RMB83.18 million. • Loan and financial consulting: revenue RMB5.30 million; segment profit RMB4.07 million.

CAPEX & COMMITMENTS • Property, plant and equipment additions totaled RMB20.64 million, including the Hong Kong property. • Outstanding capex commitments amounted to RMB1.02 million.

DIVIDEND The Board does not recommend a final dividend for FY-2025.

OUTLOOK AND RISKS Management expects continued diversification into cybersecurity, data-centre and cross-border fintech services, while acknowledging regulatory changes, cybersecurity threats and transformation risks as key uncertainties.