Cinda International Holdings Limited reported a sharp earnings rebound for the year ended 31 December 2025, lifted by stronger trading gains, higher investment income and a reversal of credit impairments.

Revenue and Earnings • Total revenue rose 6.0% year-on-year to HK$203.45 million, while total income (including other gains) climbed 32.6% to HK$227.89 million. • Net profit attributable to shareholders jumped to HK$80.43 million, a 678.4% increase from HK$10.34 million in 2024. • Basic and diluted earnings per share improved to HK12.54 cents from HK1.61 cents. • The turnaround was driven by HK$24.40 million in net other gains versus a HK$25.93 million loss a year earlier, and by a HK$4.58 million reversal of credit impairments versus a HK$17.51 million charge in 2024.

Segment Performance • Fixed Income Investment: Revenue doubled to HK$92.56 million (+138.9%), with segment profit up more than four-fold to HK$68.02 million, benefitting from a 110% rise in average bond holdings. • Sales & Trading: Revenue was broadly flat at HK$47.23 million (+-1.5%), but the segment swung to a HK$8.44 million profit (2024: HK$20.89 million loss) after a recovery of previously impaired margin loans. • Asset Management: Revenue fell 27.6% to HK$41.32 million as AUM declined 12%; segment profit dropped 49.2% to HK$10.88 million. • Corporate Finance: Revenue decreased 54.4% to HK$21.92 million, reflecting weaker debt-underwriting volumes; profit fell to HK$4.27 million (2024: HK$26.45 million).

Costs and Margins • Staff costs edged down 3.3% to HK$53.35 million. • Operating expenses (excluding finance costs and commissions) rose 22.9% to HK$62.41 million, partly due to office reinstatement costs. • Finance costs increased 29.7% to HK$39.50 million as average borrowings grew 55% year-on-year.

Balance Sheet and Liquidity • Total assets expanded 38.5% to HK$2.58 billion, underpinned by a HK$685.0 million increase in debt instruments at FVOCI to HK$1.30 billion. • Cash and bank balances stood at HK$256.22 million, while pledged deposits were HK$12.91 million. • Interest-bearing borrowings rose to HK$1.24 billion (2024: HK$706.57 million), leaving net current assets of HK$629.48 million. • Total equity advanced 13.3% to HK$1.06 billion; the gearing ratio (net debt to total equity) increased to 91.9% (2024: 46.1%).

Dividend The Board recommended a final dividend of HK$0.05 per share, amounting to HK$32.06 million, subject to shareholder approval at the AGM on 15 May 2026. The dividend will be payable on or around 17 June 2026 to shareholders on record as of 26 May 2026.

Outlook Management highlighted expectations of continued global macro-economic volatility in 2026, tempered by potential U.S. rate-cut cycles and supportive fiscal and monetary policies in China. Business priorities include expanding market-oriented asset-management mandates, enlarging institutional and wealth-management clientele in the Greater Bay Area, and maintaining a balanced development of equity and debt capital-market services while leveraging group synergies.

Regulatory and Corporate Updates The company plans to seek shareholder approval at the 2026 AGM to adopt new Bye-laws allowing for treasury-share management and aligning with updated Hong Kong Listing Rules.