China Renaissance swings to profit in H1 2025 on strong investment management

China Renaissance Holdings Limited achieved total revenue and net investment gains of RMB456.4 million for the six months ended June 30, 2025, marking a 26.9% increase year-on-year. The group recorded an operating profit of RMB75.8 million, a significant turnaround from an operating loss of RMB87.7 million in H1 2024. Profit attributable to owners of the company also improved to RMB65.0 million from a loss of RMB73.8 million in the previous year.

The investment management business was a key driver, contributing 52% of total revenue and experiencing an 80.8% increase in revenue and net investment gains to RMB237.5 million. Realized income from carried interest surged to RMB147.2 million, a substantial increase from RMB10.1 million in H1 2024. Total operating expenses decreased by 14.9% to RMB380.6 million due to streamlined operations and reduced compensation and benefit expenses.

CR Securities also saw a 24.5% increase in revenue and net investment gains to RMB128.8 million, with strong growth in sales, trading, and brokerage fees. The group's total assets amounted to RMB9,465.8 million as of June 30, 2025.