Zhongfu Straits Pingtan Development sees H1 revenue, profit decline

Zhongfu Straits Pingtan Development reported operating revenue of CNY 742,501,231.15 in H1 2025, a 19.92% decrease from the previous year. Net profit attributable to shareholders fell 30.76% to CNY 15,085,624.27. Despite the decline in profitability, operating cash flow significantly improved by 4,138.76% to CNY 83,799,920.02. Total assets decreased by 9.90% to CNY 3,343,195,194.13, while net assets attributable to shareholders increased by 0.80% to CNY 1,901,877,367.18.

Board and supervisory board meetings on August 28, 2025, approved the H1 2025 report and a special report on the deposit and use of raised funds. Total raised funds were CNY 1,999,999,994.56, with a net amount of CNY 1,964,391,511.15 after deducting expenses. As of June 30, 2025, CNY 204,073.22m had been invested in projects, with CNY 30,479,915.82 remaining unused. The company also purchased wealth management products using idle raised funds, with CNY 30,400,000 currently outstanding.

The supervisory board confirmed that the H1 2025 report and the special report on raised funds complied with regulations and accurately reflected the company’s financial condition. They found no violations of confidentiality.