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Recent press releases and 8-K filings for JFU.
9F Inc. Reports First Half 2025 Unaudited Financial Results
JFU
Earnings
New Projects/Investments
Legal Proceedings
- Total net revenues for the first half of 2025 increased by 6.5% to RMB152.1 million (US$21.2 million), primarily due to an adjustment to the product offering structure.
- Net income significantly rose to RMB218.5 million (US$30.5 million) in the first half of 2025, compared to RMB12.5 million in the first half of 2024, mainly driven by unrealized gains from investments in listed stocks and ETFs and a decrease in operating expenses.
- Adjusted net income also saw a substantial increase to RMB105.1 million (US$14.7 million) in the first half of 2025, up from RMB6.4 million in the first half of 2024.
- The company is navigating a regulatory transition that is expected to reduce technology-based businesses, enhance operational efficiency, reduce costs, and necessitate the pursuit of new business opportunities.
- As of June 30, 2025, cash and cash equivalents and term deposits decreased by 30.9% to RMB443.6 million (US$61.9 million) due to the purchase of marketable securities, while restricted cash increased by 73.8% to RMB459.4 million (US$64.1 million), partly due to cash subject to temporary judicial freeze.
Oct 3, 2025, 8:30 PM
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