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Public company info - Guangdong Join-Share Financing Guarantee Invest Co Ltd-H Shs , 01543.HK
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Guangdong Join-Share Financing Guarantee Invest Co Ltd-H Shs, 01543.HK - Company Profile
Chairman Wu Liejin
Share Issued (share) 554,000,000
Par Currency Renminbi
Par Value 1.0
Industry Other Financials
Corporate Profile Business Summary: The principal activities of the Group are provision of credit guarantee, loans and advances to customers, provision of factoring services and related consulting services in the PRC. Performance for the year: Total revenue was approximately RMB365.31 million, representing an increase of approximately 11.51% as compared to last year. Net profit for the year and net profit margin were approximately RMB142.95 million and 46.72%, respectively. Profit before taxation amounted to approximately RMB193.20 million, representing a decrease of approximately 0.59% as compared to last year. Profit for the year attributable to equitable shareholders of the Company amounted to approximately RMB133.16 million, representing an increase of approximately 6.45% as compared to last year. Business Review Net Guarantee Fee Income The Group’s net guarantee fee income increased by approximately RMB22.85 million, or approximately 13.90%, to approximately RMB187.19 million in 2019 from approximately RMB164.34 million in 2018. the Group's total guarantee fee income increased by approximately RMB29.49 million, or approximately 17.75%, to approximately RMB195.62 million in 2019 from approximately RMB166.13 million in 2018. Such increase was mainly because (i) the Group made active responses to the PRC government policies to support small and medium-sized enterprise financing, resulting in a significant increase by approximately RMB22.90 million or approximately 21.00% in the financing guarantee fee income to approximately RMB131.93 million in 2019; (ii) the Group established partnership with more famous financing platforms in the domestic market to jointly develop retail financing businesses, resulting in a significant increase of approximately RMB24.24 million or approximately 779.42% in revenue from the retail financing guarantee services to approximately RMB27.35 million in 2019; and (iii) the Group continued to expand the Group's collaboration channels for the non-financial guarantee business, resulting in an increase of approximately RMB6.60 million or approximately 11.56% in revenue from nonfinancial guarantee to approximately RMB63.69 million in 2019. Net Interest Income The Group’s net interest income increased by approximately RMB9.54 million, or approximately 12.19%, to approximately RMB87.78 million in 2019 from approximately RMB78.24 million in 2018, primarily due to the inclusion of the Group's industry chain services to the Group's financing guarantee. For the year ended 31 December 2019, interest income from bank deposits and deposits increased by approximately RMB3.76 million or approximately 38.25% from approximately RMB9.83 million in 2018 to approximately RMB13.59 million in 2019, mainly because (i) the Group's business continued to scale up, resulting in an increase by approximately 2.16% in the outstanding financing guarantee balance to approximately RMB2,640.72 million in 2019 as compared to 2018; and (ii) the Group tapped into the idle funds of the Group by virtue of fixed deposit receipts, time deposit, and other products, resulting in a significant increase in interest income from bank deposits. The interest income from the Group's entrusted loan business for the year ended 31 December 2019 decreased by approximately RMB11.48 million or approximately 41.90% to approximately RMB15.92 million in 2019 from approximately RMB27.40 million in 2018, which was mainly attributable to the decrease in the business volume due to the bank’s increasingly tightened entrusted loan business. The interest income from the Group's micro-lending business for the year ended 31 December 2019 decreased by approximately RMB0.65 million or approximately 1.35% to approximately RMB47.65 million in 2019 from approximately RMB48.30 million in 2018. Such decrease was mainly attributable to the decrease by approximately 14.80% in the annualised average interest rate of the Group's micro-lending as compared to 2018. For the year ended 31 December 2019, interest income from the factoring business increased by approximately RMB16.59 million or approximately 275.12% from approximately RMB6.03 million in 2018 to approximately RMB22.62 million in 2019, mainly due to the Group's provision of integrated financing services to the customers amid the Group's expansion of the industry chain. Service Fee from Consulting Services The Group’s service fee from consulting services decreased by approximately RMB1.43 million, or approximately 4.41%, to approximately RMB31.02 million in 2019 from approximately RMB32.45 million in 2018, primarily because the Group continued to develop new product lines and explore new business channels, resulting in a lower proportion of income from consulting services over revenue. Other Revenue The Group’s other revenue increased by approximately RMB6.75 million, or approximately 12.84%, to approximately RMB59.31 million in 2019 from approximately RMB52.56 million in 2018, primarily because (i) the Group purchased credit products, wealth management products, structured deposits, and other products, resulting in an increase by approximately 33.37% in the Group's investment returns to approximately RMB22.74 million in 2019, as compared to 2018; (ii) the Group purchased bond products on the equity exchange platforms, resulting in an increase of approximately 7,047.83% in investment returns to approximately RMB16.44 million in 2019, as compared to 2018; and (iii) government grant revenue increased from approximately RMB2.63 million in 2018 to approximately RMB14.68 million in 2019. Prospects: In 2020, although the macro economy of China is expected to experience a moderate recovery, there are many uncertainties. The Group intends to adopt the following strategies: 1.Innovative business models: In order to alleviate the predicament of demanding financing for SMEs, the Group will upgrade innovative business models such as “PICC Capital — Capital Management Products Dedicated to Agricultural Development and SMEs” (人保資本—支農支小專屬資管產品) to invest in operating entities that meet exclusive asset management requirements in the form of small loans by leveraging on the expertise of “lending institutions”. 2.Continue to improve the industry chain through innovative finance: the Group will continue to improve integrated financial services, and enhance its industry chain by incorporating other industry chains such as small loans, financial leasing, commercial factoring, and equity investment on the top of guarantees as its primary business. 3.Focus on industry chain financing: with the Internet, big data, blockchain and other technologies, the Group will further promote the integration of finance with industry and technology, and improve its overall service quality in the finance and technology field of the supply chain. Over 16 years since its establishment, the Group has been forging ahead with a focus on addressing the predicament of demanding and costing financing, and has established itself as a systematic investment and financing service platform for the SMEs and a benchmark enterprise in the guarantee industry by maintaining its foothold in Guangdong province with its business coverage across the country, leveraging on its creditworthiness, with the support of industry and under the driving force of finance. To date, the Group has provided investment and financing services with an aggregate value of over RMB100 billion to nearly 10,000 SMEs. Looking into the future, the Group will continue to support SMEs, effectively fulfill its social responsibilities, and persist in being a synergistically valued investment and financing service provider for SMEs.

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