The board of directors (the "Board") of Yunfeng Financial Group Limited (the "Company") submit herewith the unaudited condensed consolidated interim results and financial position of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2025 (the "First Half of 2025", "1H 2025" or the "Period"), together with the comparative figures for the corresponding period in 2024 (the "First Half of 2024", the "Prior Period" or "1H 2024").
OVERVIEW
In the First Half of 2025, the economy of Hong Kong recorded a solid expansion benefited from strong export performance and improved domestic demand. Despite uncertainties in US tariff policy and interest rates cut, Hong Kong economy is expected to maintain the growth. Under a stable Hong Kong economy, the Group's subsidiary, YF Life Insurance International Limited ("YF Life"), achieved an impressive new business performance driven by surging market demand for high-quality insurance products and the YF Life's diversified product strategy. The Group achieved several strong key business and financial indicators including significant year-on-year increases in annualised premium equivalent and value of new business, total assets value of the Group exceeding HK$100 billion, and steady growth in the Group embedded value equity. The strong performance of the business and financial indicators have validated the strong market competitiveness of YF Life's products and demonstrated YF Life's remarkable success in expanding its customer base and optimizing distribution management.
The Group's main sources of revenue include life insurance premium income and other financial businesses. There is no material change in the Group's core business activities compared to that of year 2024.
For the Period, the Group's insurance revenue amounted to HK$1,532 million, representing an increase of 11% compared to that of HK$1,378 million for the Prior Period. The Group's consolidated profit amounted to HK$765 million, representing an increase of 103% compared to that of HK$376 million for the Prior Period. The net profit attributable to equity shareholders of the Company amounted to HK$486 million, representing an increase of 142% compared to HK$201 million for the Prior Period. The increase in net profit attributable to equity shareholders of the Company for the Period was mainly due to the benefit of the significant growth in operating profit of the Group's insurance business, and the positive impacts of the fair value of investments and currency exchange rates.
updated as per 2025 Interim Report
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