Jun Qian
[口译] 各位好。2025年上半年，在复杂多变的市场环境中，CNF坚持生存第一、胜利第一的指导原则，积极应对挑战，稳步推进战略调整和业务优化。现在，我向大家汇报公司上半年的经营和财务表现。截至2025年6月30日，公司已签约销售合作伙伴共计2,184家，同比增长2%。累计有1,485家销售合作伙伴为我们引荐了借款人，增长3.3%。然而，由于我们主动控制贷款发放，并着力降低现有资产组合中的不良贷款，贷款交易笔数同比下降78.1%，总贷款发放额下降85.4%。截至第二季度末，我们的贷款余额为112亿元人民币，较去年同期下降29.6%。我们坚持盘活存量、优化增量的策略，将资源集中于风险化解和资产质量提升。虽然这一策略对短期业绩造成压力，但为长期稳健增长奠定了坚实基础。上半年，我们的利息收入为4.16亿元人民币，同比下降55%。融资成本下降32%，运营费用下降74%，体现了公司强大的成本控制能力。我们的净亏损为4,040万元人民币，主要由于计提了3,130万元人民币的减值损失准备。截至2025年6月30日，公司贷款的不良贷款率为16.9%。尽管不良率有所上升，但新增不良贷款的增长得到了有效遏制。通过多元化的不良贷款化解措施，公司上半年实现了103%的不良贷款回收率。上半年，公司优化了组织结构，精简了人员，导致运营成本大幅降低。总而言之，我们上半年的重点工作包括：第一，通过创新和利用有效的化解工具来降低不良贷款。第二，我们通过引入一批新的机构投资者（主要是地方资产管理公司）来稳定资金来源，确保融资渠道畅通。第三，我们拓展了新的业务领域。我们优化了现有产品，并推出了符合市场需求的新产品。面对持续的市场挑战，公司将坚持生存第一、胜利第一的原则。以遏制不良贷款和优化新增增长为核心战略，我们将坚持这三大重点工作：投入资源化解不良贷款、确保稳定的融资渠道以及支持新业务发展。
Jun Qian
[Interpreted] Hello, everyone. In the first half of 2025, amidst the complex and ever-changing market environment, CNF adhered to the guiding principle of survival first, victory first, actively tackled challenges and steadily advanced strategic adjustments and business optimizations. Now I'd like to report to you on our operational and financial performance for the first half of the year. As of June 30, 2025, our company has signed a total of 2,184 sales partners, marking a year-on-year increase of 2%. We had an aggregate of 1,485 sales partners who have introduced borrowers to us, representing a 3.3% growth. However, due to our proactive efforts to control loan issuance and focus on reducing nonperforming loans in our existing portfolio, the number of loan transactions decreased by 78.1% year-on-year and the total loan origination dropped by 85.4%. By the end of the second quarter, our loan balance stood at RMB 11.2 billion, a decrease of 29.6% compared to that of last year. We adhere to the strategy of leveraging existing assets and optimizing new ones, focusing our resources on risk mitigation and asset quality enhancement. Although this approach puts pressure on short-term performance, it lays a solid foundation for long-term steady growth. In the first half of the year, our interest income was RMB 416 million, a decline of 55% year-on-year. Financing costs decreased by 32% and operating expenses fell by 74%, demonstrating the company's strong cost control capabilities. Our net loss was RMB 40.4 million, primarily due to an impairment loss provision of RMB 31.3 million. As of June 30, 2025, the nonperforming loan ratio of the company's loan was 16.9%. Although the NPL ratio rose, the increase of new NPLs was effectively contained. Through diversified NPL reduction measures, the company achieved 103% NPL recovery rate in the first half. During the first half, the company optimized its organizational structure and streamlined personnel, resulting in a significant reduction in operating costs. In one word, our key priorities in the first half included: first, reducing NPLs by innovating and leveraging effective reduction tools. Second, we've stabilized our funding source by bringing in a bunch of new institutional investors, mainly local AMCs to ensure smooth financing channels. Third, we have expanded into new business areas. We refined our existing products and launched new ones that meet market demands. Facing continued market challenges, the company will uphold the survival first, victory first principle. With containing nonperforming loans and optimizing new growth as the core strategy, we will persist in the 3 key priorities; dedicating resources to NPL reduction, ensuring stable funding channels and supporting new business development.
