Far East Horizon Limited · HKEX:3360
Far East Horizon — H1 2026 Earnings Presentation
40 slides from Far East Horizon's earnings presentation, Aug 5, 2026
Slide 1: Far East Horizon Limited 2026 Interim Results
Far East Horizon Limited 2026 Interim Results August 2026
Slide 2: Disclaimer
Disclaimer This material is prepared by Far East Horizon Limited (the “Company”) and has not been independently audited. This document contains confidential and proprietary information, and its contents have not been verified by an independent third party. The Company does not guarantee the accuracy
Slide 3: Contents: Results Overview
Contents 1 Results Overview 2 Business Analysis 3
Slide 4: Strong operating momentum and solid overall growth
Strong operating momentum and solid overall growth • In 1H2026, the Company’s business segments progressed in an orderly manner in line with our strategic plans, generating total revenue of RMB 18.0 billion and net profit attributable to shareholders of RMB 2.22 billion. • Key segment highlights: (1
Slide 5: Solid dividend-paying capacity and long-term attractive shareholder returns
Solid dividend-paying capacity and long-term attractive shareholder returns • The financial services business has demonstrated sustained stability through multiple economic cycles, supported by a safe and resilient financial structure that provides ample foundation and headroom for our dividend poli
Slide 6: Financial services: traditional businesses sustaining competitive edge and inclusive finance driving incremental growth
Financial services: traditional businesses sustaining competitive edge and inclusive finance driving incremental growth • Consistently aligned with "serving industries and urban development" dual mandates, the Company leverages marketization, globalization, and specialization competencies to deliver
Slide 7: Financial services: steady asset growth and continued asset mix optimization
Financial services: steady asset growth and continued asset mix optimization • Net interest-earning assets (IEAs) grew to RMB 282.5 billion, up 3.83% from year-end: (1) Traditional business loan originations increased steadily, with the proportion of assets attributable to 9,500 customers and to eco
Slide 8: Financial services: structurally higher asset yields and steadily lower funding costs
Financial services: structurally higher asset yields and steadily lower funding costs • The Net Interest Spread (NIS) was 5.04%, up 0.98 percentage points YoY, while The Net Interest Margin (NIM) was 5.50%, up 0.99 percentage points YoY. • (1) On the income side: traditional business yields edged do
Slide 9: Financial services: improving asset quality and prudent accounting policies
Financial services: improving asset quality and prudent accounting policies • The balance of non-performing loan (NPL) remained stable. Benefiting from the growth in IEAs, the NPL ratio declined to 0.99% and the proportion of IEAs overdue by more than 30 days ("30+ ratio") declined to 0.81%, reflect
Slide 10: Financial services: sound asset quality of inclusive finance, with risks fully covered by the full write-off policy
Financial services: sound asset quality of inclusive finance, with risks fully covered by the full write-off policy • Inclusive finance continued to apply more stringent NPL identification and write-off policies. All IEAs overdue by more than 30 days were reclassified as NPL at the end of the period
Slide 11: Financial services: stable leverage level with well-matched asset-liability duration
Financial services: stable leverage level with well-matched asset-liability duration • The asset-liability ratio stood at 83.62%, maintaining a reasonable level with sufficient headroom. • The Company adheres to a prudent and robust liquidity management strategy, with strictly matched funding flows
Slide 12: HCD: steady domestic adjustments and growing overseas contribution
HCD: steady domestic adjustments and growing overseas contribution • In 1H2026, HCD generated revenue of RMB 4.02 billion and net profit of RMB 0.04 billion. • Key operational highlights by market: (1) in the domestic market, HCD deepened engagement with quality clients, optimized business mix, and
Slide 13: HCD: Solid operating foundation and more prudent risk management
HCD: Solid operating foundation and more prudent risk management • Domestic operations, though affected by the prolonged industry downturn, have maintained a solid operating foundation, benefiting from HCD’s long-established strengths in product mix, service network and operational capabilities, wit
Slide 14: HCD: Domestic business still has potential, while overseas business has vast space for development
HCD: Domestic business still has potential, while overseas business has vast space for development • The domestic market remains substantial in size, and amidst the industry adjustment cycle, there is an even greater need for consolidators with high service quality. As a leading player in the domest
Slide 15: Horizon Healthcare: improving revenue quality and sustaining positive earnings contribution
Horizon Healthcare: improving revenue quality and sustaining positive earnings contribution • In 1H2026, Horizon Healthcare generated hospital operations revenue* of RMB 1.69 billion and net profit of RMB 0.03 billion. • Amid a rapidly changing operating environment, Horizon Healthcare fully leverag
Slide 16: Horizon Healthcare: Maintain a stable business structure and actively expand diversified income sources
Horizon Healthcare: Maintain a stable business structure and actively expand diversified income sources • Benefiting from the forward-looking hospital operation model and geographic footprint, all hospitals under Horizon Healthcare maintained normal operations and served as a valuable complement to
Slide 17: Horizon Healthcare: Adhere to the differentiated medical service strategy and continuously enhance service capabilities
Horizon Healthcare: Adhere to the differentiated medical service strategy and continuously enhance service capabilities • Adhering to the mission of "Good healthcare doesn't need to travel far", Horizon Healthcare deeply aligns with China's healthcare policy direction, focusing on third, fourth, and
Slide 18: Performance summary: high-quality growth in financial services underpinning overall earnings stability
Performance summary: high-quality growth in financial services underpinning overall earnings stability • Financial services, as the Company’s core pillar, have maintained steady performance across asset scale, revenue and profitability, fully playing the role of a stabilizer and effectively offsetti
Slide 19: Appendix: Condensed Balance Sheet
Appendix: Condensed Balance Sheet RMB'00 million 2026H1 2025 Change Total assets 3,732.21 3,709.61 0.61% Interest-earning assets 2,824.72 2,720.47 3.83% Including: Inclusive finance 356.34 281.79 26.46% Industrial assets 415.08 425.28 -2.40% Total liabilities 3,121.06 3,106.68 0.46% Interest-bearing
Slide 20: Appendix: Condensed Income Statement
Appendix: Condensed Income Statement RMB'00 million 2026H1 2025H1 Change Total revenue 180.39 173.36 4.05% Financial business* 121.65 110.90 9.69% Including: Inclusive finance 27.10 14.51 86.75% Industrial business* 59.51 63.29 -5.98% Profit before tax 40.98 40.12 2.14% Net profit attributable to or
Slide 21: Business Analysis
Contents 1 Results Overview 2 Business Analysis 21
Slide 22: Business Analysis Highlights
Business Analysis 1. Unique business model that transcends economic cycles Highlights 2. Prudent business strategy to achieve safe development 3. Steady operational results continue to create value for all parties 22
Slide 23: 1. Unique business model that transcends economic cycles
1. Unique business model that transcends economic cycles
Slide 24: The "finance + industry" business model has been validated over economic cycles
The "finance + industry" business model has been validated over economic cycles • Financial leasing business: Leading in the industry with net IEAs of RMB282.5 billion • Equipment operation business (HCD): China's leading equipment operation service provider, ranking among the top in the world, with
Slide 25: The scale of interest-bearing assets has grown steadily across cycles
The scale of interest-bearing assets has grown steadily across cycles, and the continuous iteration of the business ecosystem has been validated by performance The scale of interest-earning assets remains stable in the long term (RMB'00 million) 2,706 2,691 2,825 2,720 2,584 2,606 2,354 2,240 1,940
Slide 26: Excellent asset-liability management capabilities, with interest margin levels consistently maintained
Excellent asset-liability management capabilities, with interest margin levels consistently maintained over the long term NIS and NIM NIS NIM 5.50% 4.67% 4.83% 5.04% 4.58% 4.48% 4.39% 4.06% 3.94% 3.98% 4.00% 3.66% 3.83% 3.51% 3.21% 2.85% 2.48% 2.28% 2018 2019 2020 2021 2022 2023 2024 2025 2026H1 26
Slide 27: Adhere to the "finance + industry" development strategy, and maintain a diversified financial structure
Adhere to the "finance + industry" development strategy, and maintain a diversified financial structure in the long run Historical segment revenue* and industry operation business revenue ratio (RMB'00 million) Financial Industrial 43% 39% 37% 34% 36% 34% 30% 235 234 227 223 217 204 10% 162 147 3% 1
Slide 28: 2. Prudent business strategy to achieve safe development
2. Prudent business strategy to achieve safe development
Slide 29: Deeply cultivating the real economy industry, flexibly allocating resources
Deeply cultivating the real economy industry, flexibly allocating resources in accordance with the environment Industry distribution of IEAs 45.6% 36.3% 39.8% 29.9% 29.7% 15.2% 13.6% 14.6% 13.2% 9.9% 13.1% 13.6% 10.8% 10.5% 9.4% Urban Culture Engineering public & construction utility tourism 10.8% 1
Slide 30: Nationwide layout with a focus on economically developed regions
Nationwide layout with a focus on selecting and prioritizing economically developed regions Regional distribution of IEAs Decrease Increase 49.80% 28.68% 13.58% 14.45% 14.44% 11.70% 10.43% 8.17% 9.28% 7.48% 8.08% 6.66% 4.77% 7.81% 2.72% 1.95% Northeast Southwest Northwest Sichuan and South China Nor
Slide 31: A prudent asset deployment strategy with asset safety proven through cyclical tests
A prudent asset deployment strategy with asset safety proven through cyclical tests Over 30 days ratio and NPL provision NPL has maintained stable for a long time since listing coverage ratio remained stable 246% 242% 1.86% 220% 228% 228%228% 218% 219% 1.29% 1.74% 1.73% 201% 1.67% 1.50% 1.51% 1.08%
Slide 32: Reasonable matching of financial asset and liability maturity and balance liquidity safety and efficiency
Reasonable matching of financial asset and financial liability maturity and balance liquidity safety and efficiency Matching of financial asset and financial liabilities (RMB'00 million) Financial assets Financial liabilities 1,513 1,381 1,410 1,191 547 370 185 35 59 37 3 On demand Less than 3 month
Slide 33: Leverage has been maintained at a reasonable level in long term and risks well controlled
Leverage has been maintained at a reasonable level in long term and risks have been well controlled, balancing risk control and future growth potential The leverage level of the Company and main financial leasing business entities Regulatory Control Line (8x) 6.62 6.33 6.15 6.11 6.11 6.11 5.59 5.15
Slide 34: Investment-grade credit rating and industry-leading ESG rating
Investment-grade credit rating and industry-leading ESG rating Sound credit ratings for onshore and offshore entities, ESG rating are all in the forefront of with long-term issuer rating at BBB- and stable outlook the domestic financial industry CSA rating score was 54 in 2025, ranks Global Rating B
Slide 35: 3. Steady operational results continue to create value for all parties
3. Steady operational results continue to create value for all parties
Slide 36: Long-term and stable management achieved excellent performance
Long-term and stable management achieved excellent performance The core management team has joined the Company Managed the Company to achieve long-term for more than 20 years outstanding performance From listed in 2011 to 2025, key metrics keep KONG Fanxing growing at high CAGR Stable Chairman of th
Slide 37: Operating with long-term safety and stability and continuously creating value for all stakeholders
Operating with long-term safety and stability and continuously creating value for all stakeholders Continuously creating value for shareholders, customers, creditors, government and employees • Corporate clients served Cumulative taxes paid Awards 50 Billion+ cumulatively 50,000+ Best Listed Leasing
Slide 38: Continuously improving shareholder returns through multiple initiatives
Continuously improving shareholder returns through multiple initiatives • Since its listing, the total cash dividend paid has reached HKD20.6 billion, exceeding the amount of public equity financing after the Company's IPO and listing. • An interim dividend of HK$0.25/share has been declared. The Co
Slide 39: Q&A
Q&A 39
Slide 40: Contact us
Contact us Far East Horizon Company Website： www.fehorizon.com Contact of Investor Relations： ir@fehorizon.com Horizon Construction Development Horizon Healthcare 40