Cover
Cover | 6 Months Ended |
Jun. 30, 2023 | |
Cover [Abstract] | |
Entity Registrant Name | DUNXIN FINANCIAL HOLDINGS LIMITED |
Entity Central Index Key | 0001499494 |
Document Type | 6-K |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Period End Date | Jun. 30, 2023 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2023 |
Entity File Number | 001-34958 |
Entity Address Address Line 1 | 23rd Floor, Lianfa International Building |
Entity Address Address Line 2 | 128 Xudong Road |
Entity Address Address Line 3 | Wuchang District |
Entity Address City Or Town | Wuhan City |
Entity Address Country | CN |
Entity Address Postal Zip Code | 430063 |
CONSOLIDATED STATEMENTS OF PROF
CONSOLIDATED STATEMENTS OF PROFIT AND OTHER COMPREHENSIVE INCOME - CNY (¥) | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
CONSOLIDATED STATEMENTS OF PROFIT AND OTHER COMPREHENSIVE INCOME | ||
Interest income on loans | ¥ 51,545,000 | ¥ 57,844,000 |
Interest expense: | ||
Interest expenses on loans | (10,393,000) | (9,988,000) |
Business related taxes and surcharges | (203,000) | (203,000) |
Total interest expense | (10,596,000) | (10,191,000) |
Net interest income | 40,949,000 | 47,653,000 |
Reversal of /(Provision of) credit impairment losses | (6,311,000) | 16,382,000 |
Net interest income after credit impairment losses | 34,638,000 | 64,035,000 |
General and administrative | (4,175,000) | (3,866,000) |
Total operating costs and expenses | (4,175,000) | (3,866,000) |
Profit before income tax | 30,463,000 | 60,169,000 |
Income tax expense | 0 | 0 |
Net profit | 30,463,000 | 60,169,000 |
Exchange differences on translation of financial statements of entities outside the mainland of the People's Republic of China | (397,000) | (170,000) |
Total comprehensive income for the period | 30,066,000 | 59,999,000 |
Equity holders of the Company net profit | 24,370,000 | 48,136,000 |
Non-controlling interests | 6,093,000 | 12,033,000 |
Net profit loss | 30,463,000 | 60,169,000 |
Total comprehensive income attributable to: | ||
Equity holders of the Company | 24,053,000 | 47,999,000 |
Comprehensive income non-controlling interests | 6,013,000 | 12,000,000 |
Total comprehensive income | ¥ 30,066,000 | ¥ 59,999,000 |
Earnings per share - basic and diluted (in RMB) | ¥ 0.03 | ¥ 0.05 |
Earnings per ADS - basic and diluted (in US$) | ¥ 0.34 | ¥ 0.99 |
Weighted average shares outstanding in the period ('000) | 1,134,021,000 | 1,002,201,000 |
Weighted average ADS outstanding in the period ('000) | 12,941,000 | 9,357,000 |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CNY (¥) | Jun. 30, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash and restricted cash | ¥ 289,000 | ¥ 295,000 |
Loans receivable, net of credit impairment losses | 601,346,000 | 556,112,000 |
Prepaid expenses and others | 4,895,000 | 4,629,000 |
Total current assets | 606,530,000 | 561,036,000 |
Property and equipment, net | 37,754,000 | 39,228,000 |
Intangible asset | 4,000 | 5,000 |
Total non-current assets | 37,758,000 | 39,233,000 |
Total assets | 644,288,000 | 600,269,000 |
Loans payable | 161,439,000 | 161,439,000 |
Convertible notes payable | 5,777,000 | 7,264,000 |
Salary and benefit payable | 13,202,000 | 12,179,000 |
Income taxes payable | 32,477,000 | 32,477,000 |
Interest payable | 81,797,000 | 72,810,000 |
Other payable | 29,330,000 | 25,942,000 |
Total current liabilities | 324,022,000 | 312,111,000 |
Share capital | 430,000 | 340,000 |
Additional paid-in capital | 385,636,000 | 383,684,000 |
Statutory reserve | 18,706,000 | 18,706,000 |
General risk reserve | 9,180,000 | 9,180,000 |
Foreign currency translation reserve | (549,000) | (231,000) |
Accumulated losses | (156,679,000) | (181,049,000) |
Non-controlling interests in equity | 63,542,000 | 57,528,000 |
Total shareholders' equity | 320,266,000 | 288,158,000 |
Total equity and liabilities | ¥ 644,288,000 | ¥ 600,269,000 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥) | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Cash flows from operating activities: | ||
Profit before income taxes | ¥ 30,463,000 | ¥ 60,169,000 |
Depreciation of property and equipment | 1,474,000 | 1,477,000 |
Amortization of intangible asset | 1,000 | |
(Reversal)/ Provision of credit impairment losses | 6,311,000 | (16,382,000) |
Operating profit before working capital changes | 38,249,000 | 45,264,000 |
Loans receivable | (51,545,000) | (57,093,000) |
Prepaid expenses and others | (266,000) | (158,000) |
Salary and benefit payable | 1,023,000 | 1,068,000 |
Interest payable | 8,987,000 | 9,015,000 |
Other payable | 3,388,000 | 1,875,000 |
Cash used in operating activities | (164,000) | (29,000) |
Income tax paid | 0 | 0 |
Net cash used in operating activities | (164,000) | (29,000) |
Net decrease in cash and restricted cash | (164,000) | (29,000) |
Cash and restricted cash at beginning of the period | 295,000 | 396,000 |
Exchange losses on cash and restricted cash | 158,000 | (170,000) |
Cash and restricted cash at end of the period | ¥ 289,000 | ¥ 197,000 |