FY Financial Posts RMB46.59 Million Annual Loss as Revenue Drops 42%

Bulletin Express03-31

FY Financial (Shenzhen) Co., Ltd. reported a net loss of RMB46.59 million for 2025, widening sharply from the RMB8.68 million loss recorded a year earlier.

Revenue declined 42.22% year-on-year to RMB76.89 million, mainly due to a sharp fall in energy-storage project income. Gross profit fell 21.84% to RMB35.07 million, although gross margin improved to 45.6% (2024: 33.7%).

Operating profit was further dragged by: • a RMB45.76 million share of loss from associate Shanghai KYMS; • a RMB13.17 million impairment on lease, factoring and other receivables; • partially offset by a RMB23.02 million fair-value gain on financial assets at FVTPL.

Segment results showed combined losses of RMB10.83 million from financial & advisory, trading and energy-storage operations, versus a RMB2.87 million loss in 2024.

Total assets slipped to RMB505.47 million (2024: RMB557.54 million) while equity attributable to shareholders fell to RMB393.44 million (2024: RMB436.97 million). The gearing ratio (total liabilities/total assets) inched up to 21.7% from 20.7%.

Net operating cash inflow was RMB0.64 million, compared with an outflow of RMB32.25 million a year earlier. Cash and cash equivalents closed at RMB32.36 million; short-term bank borrowings stood at RMB9.90 million.

The board recommended no final dividend for the year.

Looking ahead, the company said it remains cautious, focusing on prudent financial management and disciplined growth.

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