March 23, 2026 | Media Business Network (Technology) | Internet News | Original Link

On March 20, Yueda International Holdings (00629) released its annual results announcement for the year ended December 31, 2025. The company's annual results show that total revenue was RMB 60.8 million, a 4% decrease compared to RMB 63.85 million in the previous year.

Among them, traditional factoring business revenue was RMB 54.67 million, a 25% increase compared to RMB 43.56 million in the previous year; while telecommunications factoring business revenue decreased significantly, from RMB 20.29 million to RMB 6.13 million, a decrease of 69.8%. Audited net profit was RMB 18.64 million, a year-on-year increase of 7.1%, and basic earnings per share were 1.59 cents, an increase of 0.18 cents compared to last year.

In its financial review, the company's current assets were RMB 526 million, a decrease of 23.4% compared to last year. Total current liabilities were RMB 277 million, a decrease of 3.5% compared to last year. Furthermore, the company's non-current liabilities increased significantly to RMB 102 million, mainly due to commitments arising from asset-backed financing arrangements.

The management discussion and analysis section mentioned that due to the slower-than-expected recovery of the Chinese consumer market, the company adjusted the proportion of its factoring business. Revenue from traditional factoring business increased, while telecommunications factoring business was significantly affected.

In terms of business segments, total factoring receivables from traditional factoring business were RMB 760 million, an increase of 16.8% compared to RMB 650 million in the previous year. In contrast, accounts receivable for telecommunications factoring business declined significantly, indicating that this business segment faces considerable market challenges. Overall, the company performed well in traditional factoring business, but the decline in telecommunications factoring business warrants attention.

(The above text is translated from the original Chinese version of the news, if there is any inconsistency in this news between the Chinese and English versions, the Chinese version shall prevail.)