Yangzijiang Financial to report a loss for H2, full-year FY2025

[SINGAPORE] Yangzijiang (YZJ) Financial expects to report a loss for its second-half and full 2025 fiscal year, it announced in a bourse filing on Wednesday (Feb 25).

This would be a reversal from the net profit posted for FY2024. The company attributed the decline to the recognition of substantial credit loss allowances, following a “comprehensive review” of the company’s debt investment portfolio.

The reassessment is a reflection of “updated credit risk profiles in light of current market conditions in China’s real estate and credit markets”, it added.

These led to higher provisions for non-performing loans, as well as the expected credit loss allowances.

Following the spinoff of its maritime fund and maritime investments business last year, YZJ Financial is no longer a pure-play investment management company.

Its profit guidance is based on a preliminary assessment of its internal management accounts. The company plans to release its financial results for both H2 and FY2025 on or around Feb 27.

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Shares of YZJ Financial ended 1.4 per cent or S$0.005 lower at S$0.345.