Zhitong Financial App News, Zhongying Shengda financing guarantee (01543) released results for the six months ended June 30, 2023, with an income of 160 million yuan (RMB, the same below), an increase of 0.6% over the same period last year; profit attributable to shareholders was 19.798 million yuan, down 23.7% from the same period last year; basic profit per share is 0.01 yuan.
The group's total guarantee fee income increased by about 19.33% to 106 million yuan compared with the same period last year. The increase is mainly due to the fact that for Foshan financing guarantee fund projects implemented since June 4, 2022, the group should subsidize loan guarantee projects whose guarantee interest rate is reduced to no more than 1 per cent per year according to 1 per cent of actual turnover; and the total amount of financing guarantees issued increased from 4.357 billion yuan as of December 31, 2022 to 5.05 billion yuan as of June 30, 2023.