Business-Intelligence of Oriental Nations boosts net profit with impairment reversals

Business-Intelligence of Oriental Nations Corporation reported a net impairment provision of 14.90 million yuan for the first three quarters of 2025, alongside reversals totaling 34.32 million yuan. This resulted in a 19.42 million yuan increase in net profit and a corresponding rise in owners' equity for the period. The adjustments, which include credit and asset impairment, reflect a thorough review of various assets in accordance with accounting standards and regulatory guidelines.

The company's board of directors approved the third-quarter report, which incorporates these adjustments, during its sixteenth meeting. The board also approved several revisions to governance documents, including the articles of association and various management policies for external investments, related party transactions, and remuneration of senior management.

In a strategic move, the company plans to establish a joint venture, BonCloud limited liability company, in Saudi Arabia with Company Ibtk, with a registered capital of 2 million Saudi riyals. Business-Intelligence of Oriental Nations will contribute 1.36 million Saudi riyals for a 68% stake, aiming to expand its overseas business and support digital transformation in the Saudi market. Shareholders will vote on the proposed revisions and external investment at the third extraordinary general meeting on November 18, 2025.