Yuandong Hongxin (03360) issued an announcement. Entering 2024, the group will prioritize safe and steady operation, and strengthen...
Zhitong Finance App News, Yuandong Hongxin (03360) issued an announcement. Entering 2024, the Group will take safe and steady operation as its top priority and adhere to a prudent operation strategy. As of the first quarter ended March 31, 2024, in the face of a complex environment, the Group carefully promoted various business initiatives according to established strategies on the basis of strengthened risk management and control. Operating income and profit attributable to common shareholders declined year-on-year, but the overall business pace and results remained within the Group's manageable range, and overall operations remained safe and steady.
Financial business: Business progress was relatively stable. During the period under review, interest-bearing assets were invested in an orderly manner. Total interest-bearing assets at the end of the period fell slightly compared to the end of 2023, and interest spreads narrowed slightly. Asset quality is stable, the non-performing asset ratio remains at the end of 2023, and provision coverage remains cautious.
Hongxin Health: Adhere to the unique medical treatment model and differentiated layout characteristics, and build a health group “the government is happy to see, the industry recognizes, and the people feel at ease”. During this review period, Hongxin Health continued to optimize its asset structure, and comparable operating income increased steadily.
Furthermore, as of March 31, 2024, the Group still adheres to a prudent and prudent risk management strategy. Interest exchange hedging management measures are still effective, and the liquidity situation is as good as ever.
Looking ahead to 2024, the Group will always adhere to the “financial+industry” development strategy, ensure steady operations, and focus on improving shareholder returns on the basis of safe development, and continue to create value for shareholders.