Zhitong Financial App News, China Art Finance (01572) released interim results for the six months ended June 30, 2023, with total group income of 6.307 million yuan (the same below), down 68.39% from the same period last year; profit attributable to shareholders 3.435 million yuan, down 75.55% from the same period last year; earnings per share 0.2 cents.
The decrease in earnings was mainly due to a decrease in the average loan balance of art and asset pawn loans, and a reduction in loan interest rates in the first half of 2023, the statement said.