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Far East Horizon Announced 2015 Interim Results

Source:FAR EAST HORIZON CreateTime:2015-09-14

Hong Kong, 26 August 2015, Far East Horizon Limited (“Far East Horizon” or “the Company”, Stock Code: 03360.HK), a leading financial services company in China, today announced its interim results for the six months ended 30 June 2015 (the “Period”).


In the first half of 2015, Far East Horizon achieved healthy and steadily growth in its results. Revenue of the Company reached RMB5.76 billion, representing a year-on-year growth of 13.76%; profit before tax reached RMB1.838 billion, representing an increase of 14.11% year-on-year; and profit attributable to holders of ordinary shares of the Company increased to RMB1.297 billion, up 11.25% year-on-year. Basic and diluted earnings per share were RMB0.40, an increase of 14.29% year-on-year. The Board does not recommend the payment of an interim dividend in respect of the period ended 30 June 2015.

Mr. KONG Fanxing, Vice Chairman of the Board and Chief Executive Officer of Far East Horizon, said, “In the first half of 2015, amidst the further slow macroeconomic growth and industry restructuring, Far East Horizon adhered to realize the business model which blends financial service and industrial development in an organic and effective manner, actively improved industrial service and financial innovation capability, and continued to optimize its asset management system. Hence, the Company achieved the healthy and steadily growth in its results and kept the quality of its assets stable and under control on the whole.”

Mr. KONG Fanxing concluded, “Amidst the financial and industrial environment full of opportunities and challenges, Far East Horizon will adhere to its business model overlaying financial and industry and actively explore the way for grasping the market opportunity to facilitate healthy development of the Company. In respect of financial services, the Company will adjust risk-monitoring measures based on the economic environment to ensure the assets safety while identifying and developing new areas with possible extension and strategic value to build new growth drivers. To satisfy target customers’ diverse needs for financial services, the Company will continue to promote financial innovation and enhance capability of its financial services. In terms of the industrial orientation, the Company will persist in cultivating and developing the industrial operational capability to explore the customers from high-quality industries accumulated in the past and the value of understanding the industry. By setting up a situation where the finance and industry develop and drive each other, the Company will ultimately enhance the growth potential and operational efficiency.”