Fengyinhe Holdings Limited, previously known as Flying Financial Service Holdings Ltd., has announced its unaudited interim results for the six months ending June 30, 2025. The company reported a revenue of RMB 60.99 million, showing a decrease from RMB 84.16 million during the same period in the previous year. The gross profit also fell to RMB 40.73 million compared to RMB 48.72 million in the prior period. Net profit for the period was RMB 28.71 million, slightly up from RMB 27.58 million the previous year. This increase in profit occurred despite the decline in revenue, aided by a reversal of impairment loss under the expected credit loss model amounting to RMB 10.05 million, compared to a loss of RMB 4.36 million previously. The company operates in two main segments: the operation of a financial services platform and the provision of loans and financial consultation services. Revenue from external customers in these segments was RMB 57.17 million and RMB 3.83 million, respectively. No specific outlook or guidance for the future has been provided in the announcement.
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