CHINA VERED FIN (00245) has announced that the Group expects to record a net profit of not less than HK$100 million for the fiscal year ending December 31, 2025 (FY2025). This compares to a net profit of approximately HK$223 million achieved in the corresponding period ended December 31, 2024.

The anticipated decrease in net profit for FY2025 is primarily attributable to a significant reduction in net investment income, which is expected to be not less than HK$60 million. This figure stands in stark contrast to the net investment income of approximately HK$436.5 million recognized in the corresponding period.

The impact of the aforementioned factors is expected to be partially offset by a decrease in employee costs and related expenses compared to the corresponding period. Furthermore, a reversal of impairment on financial assets is anticipated for FY2025, whereas an impairment provision on financial assets of approximately HK$39.2 million was recorded in the corresponding period.