Far East Horizon Limited · HKEX:3360
Far East Horizon — H1 2025 Earnings Presentation
39 slides from Far East Horizon's earnings presentation, August 2025
Slide 1: Far East Horizon Limited 2025 Interim Results
Far East Horizon Limited 2025 Interim Results August 2025
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: Maintained prudent strategy while achieving stabilized performance with modest growth
Maintained prudent strategy while achieving stabilized performance with modest growth • In the first half of 2025, amid external challenges, the Company adhered to a prudent business strategy while advancing business transformation and upgrades. Overall performance remained robust, with achieved rev
Slide 5: With a solid dividend foundation, the Company remain committed to delivering shareholder returns
With a solid dividend foundation, the Company remain committed to delivering shareholder returns • Financial services segment served as a strategic ballast, effectively safeguarding overall performance and ensuring dividend stability. • The Board has reviewed and approved an interim dividend of HKD
Slide 6: Financial services: traditional businesses evolve steadily while inclusive finance grows methodically
Financial services: traditional businesses evolve steadily while inclusive finance grows methodically • Consistently aligned with "Serving Industrial Upgrade & Urban Transformation" dual mandates, the Company leverage marketization, globalization, and specialization competencies to deliver comprehen
Slide 7: Financial services: traditional businesses demonstrated robust evolution, while inclusive finance achieved measured growth
Financial services: traditional businesses demonstrated robust evolution, while inclusive finance achieved measured growth • Asset deployment volume remained stable. While prioritizing asset security, the Company moderately extended durations for anchor clients, driving interest-earning assets to RM
Slide 8: Financial services: asset quality showed steady improvement while maintaining prudent accounting policies
Financial services: asset quality showed steady improvement while maintaining prudent accounting policies • The balance of non-performing assets remained stable and the non-performing asset ratio was 1.05%. The proportion of interest-earning assets overdue for more than 30 days ("30+ ratio") further
Slide 9: Financial services: the overall return on assets remained stable, and the advantages of diversified financing became evident
Financial services: the overall return on assets remained stable, and the advantages of diversified financing became evident • The Net Interest Spread (NIS) was 4.06%, representing an increase of 0.11 percentage points compared with the same period last year. the Net Interest Margin (NIM) was 4.51%,
Slide 10: Financial services: keep stable leverage and match the duration of assets and liabilities
Financial services: keep stable leverage and match the duration of assets and liabilities • The conversion of convertible bonds increased shareholders' equity by approximately RMB 2.1 billion, further strengthening capital base of the Company. The debt-to-asset ratio stood at 83.65%, remaining withi
Slide 11: Financial services: inclusive finance achieves steady growth with increasing earnings contribution
Financial services: inclusive finance achieves steady growth with increasing earnings contribution • The net interest-bearing assets of inclusive finance amounted to RMB 22.2 billion, representing a 28.67% increase from the end of the previous year. Its proportion in the overall net interest-bearing
Slide 12: Financial services: prudent and controllable asset quality with full write-off policy implementation
Financial services: prudent and controllable asset quality with full write-off policy implementation • Due to the characteristics of inclusive finance business, the non-performing loan generation rate and credit cost rate are higher than those of the overall financial business. The company adopts a
Slide 13: HCD: the leading comprehensive equipment operation service provider in China with global business layout
HCD: the leading comprehensive equipment operation service provider in China with global business layout • Total assets:RMB36.58 billion • Ranked the 11th in IRN World’s Top 100 Rental Companies • Customers served:367,000 • Ranking No.1 in ACCESS Global Top 50 Ariel Machinery Leasing • Outlets: 504
Slide 14: HCD: the domestic business has been integrated and optimized, and the overseas business grew rapidly
HCD: the domestic business has been integrated and optimized, and the overseas business grew rapidly • In the first half of the year, influenced by the domestic market supply and demand pattern and the decline in rent, HCD achieved revenue of RMB4.35 billion yuan and net profit of RMB40 million. • A
Slide 15: HCD: the overseas layout is expanding rapidly, providing a strong driving force for growth
HCD: the overseas layout is expanding rapidly, providing a strong driving force for growth • In the first half of 2025, our overseas outlets, assets, and management systems underwent gradual expansion and improvement. Through more effective local customer penetration, a richer mix of equipment categ
Slide 16: Horizon Healthcare: China's first tier social capital medical service organization
Horizon Healthcare: China’s first tier social capital medical service organization • 26 holding hospitals • Effective supplementation of the public healthcare system • About 10,000 beds available • Layout in third, fourth, and fifth tier cities and counties • Annual outpatient visits exceed 4,000,00
Slide 17: Horizon Healthcare: operational management continues to be solidified, and profitability remains stable
Horizon Healthcare: operational management continues to be solidified, and profitability remains stable • Facing the challenges posed by the industry environment in the first half of 2025, HH achieved revenue of RMB1.80 billion and net profit of RMB0.11 billion. • Among them: (1) Continuously consol
Slide 18: Appendix: Condensed Balance Sheet
Appendix: Condensed Balance Sheet RMB'00 million 2025H1 2024 Change Total assets 3,638.00 3,603.90 0.95% Interest-earning assets 2,666.26 2,606.41 2.30% Including: Inclusive finance 221.92 172.48 28.67% Industrial assets 431.27 429.84 0.33% Total liabilities 3,043.22 3,029.13 0.47% Interest-bearing
Slide 19: Appendix: Condensed Income Statement
Appendix: Condensed Income Statement RMB'00 million 2025H1 2024H1 Change Total revenue 173.36 180.36 -3.88% Financial business* 110.90 108.62 2.10% Including: Inclusive finance 14.51 6.48 124.10% Industrial business* 63.29 72.44 -12.64% Profit before tax 40.12 40.08 0.11% Net profit attributable to
Slide 20: Business Analysis
Contents 1 Results Overview 2 Business Analysis 20
Slide 21: 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 21
Slide 22: 1. Unique business model that transcends economic cycles
1. Unique business model that transcends economic cycles
Slide 23: 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 interest-earning assets of RMB266.6 billion • Equipment operation business (HCD): China's leading equipment operation service provider, ranking among the top
Slide 24: The scale of interest-earning assets has grown steadily across economic cycles
The scale of interest-earning assets has grown steadily across economic cycles and the industry has entered a mature and stable stage The scale of interest-earning assets remains stable in the long term (RMB'00 million) 2,706 2,691 2,584 2,606 2,666 2,354 2,240 1,940 2,031 1,398 1,220 1,008 807 576
Slide 25: 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 Net interest spread (NIS) Net interest margin (NIM) 4.67% 4.58% 4.06% 4.48% 4.51% 3.94% 3.98% 4.00% 4.06% 3.83% 3.21% 2.85% 2020 2021 2022 2023 2024 2025H1 2020 2021 2022 2023 20
Slide 26: The industrial operation business continued to develop and the overall business stability has been further strengthened
The industrial operation business continued to develop and the overall business stability has been further strengthened Historical segment revenue* and industry operation business revenue ratio (RMB'00 million) Financial Industrial 43% 39% 34% 36% 36% 30% 235 234 223 217 204 10% 3% 162 147 132 107 1
Slide 27: 2. Prudent business strategy to achieve safe development
2. Prudent business strategy to achieve safe development
Slide 28: Deeply cultivate and flexibly allocate in nine major industries
Deeply cultivate and flexibly allocate in nine major industries Changes in the proportion of net interest-earning assets in nine major industries in recent years 45.6%51.0% 39.8% 33.8%30.7% 13.6% 14.4% 14.7% 12.6% 10.5% 8.9% 9.9% 8.0% 9.4% 11.9% Urban Culture & Engineering public construction touris
Slide 29: Nationwide layout with a focus on selecting and prioritizing economically developed regions
Nationwide layout with a focus on selecting and prioritizing economically developed regions Regional distribution of interest-earning asset balances Decrease Increase 49.43% 34.93% 15.03% 15.33% 9.39% 10.79% 10.23% 8.95% 8.98% 7.81% 7.00% 5.42% 5.91% 4.93% 3.62% 2.25% Northeast Southwest Northwest S
Slide 30: 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% 218% 219% 1.29% 1.74% 1.73% 201% 1.67% 227% 1.50% 1.51% 1.08%
Slide 31: Reasonable matching of financial asset and financial 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) 1,253 1,303 1,287 1,161 483 521 185 33 63 35 8 On demand Less than 3 months 3 to 12 months 1 to 5 years Over 5 ye
Slide 32: Leverage has been maintained at a reasonable level in long term and risks have been 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 6.11 6.12 5.21 4.58 4.69 4.45
Slide 33: BBB- credit rating confirmed by S&P and ESG rating maintained industry-leading
BBB- credit rating confirmed by S&P and ESG rating maintained industry-leading Credit rating maintain stable and S&P confirmed ESG rating are all in the forefront of BBB- long-term issuer rating with a stable outlook the domestic financial industry CSA rating score was 54 in 2024, ranks Global Ratin
Slide 34: 3. Steady operational results continue to create value for all parties
3. Steady operational results continue to create value for all parties
Slide 35: 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 2024, key metrics keep KONG Fanxing growing at high CAGR Stable Chairman of th
Slide 36: 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 40,000+ Best Listed Leasing
Slide 37: Continuously improving shareholder returns through multiple initiatives
Continuously improving shareholder returns through multiple initiatives • Since its listing, the total cash dividend paid has reached HKD19 billion (including 2025 interim dividend), exceeding the amount of public equity financing after the Company's IPO and listing. • Cash dividend: The interim div
Slide 38: Q&A
Q&A 38
Slide 39: Contact us
Contact us Far East Horizon Company Website： www.fehorizon.com Contact of Investor Relations： ir@fehorizon.com Horizon Construction Development Horizon Healthcare 39