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Public company info - Yangzhou Guangling District Taihe Rural Micro-finance Company Limited-H Shares , 01915.HK
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Yangzhou Guangling District Taihe Rural Micro-finance Company Limited-H Shares, 01915.HK - Company Profile
Chairman Bo Wanlin
Share Issued (share) 150,000,000
Par Currency Renminbi
Par Value 1.0
Industry Other Financials
Corporate Profile Business Summary: The group was the granting of loans to Agriculture, Rural Areas and Farmers, provision of financial guarantees, acting as a financial institution agent and other financial businesses. Performance for the year: BuFor the year ended 31 December 2019, the Company recorded interest income of approximately RMB104.2 million, representing an decrease of approximately 3.9% as compared to approximately RMB108.3 million for the year ended 31 December 2018; profit after tax of approximately RMB50.1 million, representing a decrease of approximately 27.1% as compared to approximately RMB68.8 million for the year ended 31 December 2018.siness Review: Prospects: During the year ended 31 December 2019, the Company continued to pursue business opportunities and strengthen its market position. For the year ended 31 December 2019, the Company recorded interest income of approximately RMB104.2 million, representing an decrease of approximately 3.9% as compared to approximately RMB108.3 million for the year ended 31 December 2018, which was mainly due to the decrease of the effective interest rate; profit after tax of approximately RMB50.1 million, representing a decrease of approximately 27.1% as compared to approximately RMB68.8 million for the year ended 31 December 2018, which was mainly due to the increase in accrual of provision for impairment losses and expenses related to the Company’s transfer of listing from GEM to the Main Board of the Stock Exchange of Hong Kong Limited (the “Transfer of Listing”). As at 31 December 2019, the Company’s balance of outstanding loans (before allowance for impairment losses) amounted to approximately RMB901.6 million, representing an increase of approximately 7.1% as compared to approximately RMB841.5 million as at 31 December 2018, mainly attributable to the deployment of the net profits generated by the Company during the past years to expand the Company's loan business. The total assets of the Company as at 31 December 2019 were approximately RMB 881.0 million, representing an increase of approximately 6.5% as compared to approximately RMB827.5 million as at 31 December 2018, and net assets were approximately RMB861.4 million as at 31 December 2019, representing an increase of approximately 6.2%, as compared to approximately RMB811.3 million as at 31 December 2018. The number of customers The Group has a relatively broad customer base comprising primarily small and medium-sized enterprises (“SMEs”), microenterprises and individual proprietors situated or resided in Yangzhou City. Our customers are engaged in a variety of industries, and a majority of which are also under the classification of AFR (三農) of the People’s Bank of China. The Group considers the diversity of industries and businesses of our customers, coupled with our relatively small individual loan size, serve to alleviate our risk of concentration and position us to better withstand periodic business and economic cycles of different industries. For the year ended 31 December 2018 and 2019, the Group granted loans to 513 and 526 customers, respectively. Asset quality The Group adopt a loan classification approach to manage our loan portfolio. The Group categorizes our loans by reference to the “Five-Tier Principle” set forth in the Guideline for Loan Credit Risk Classification (貸款風險分類指引) issued by the China Banking and Insurance Regulatory Commission. According to the “Five-Tier Principle”, our loans are categorized as “normal”, “special-mention”, “substandard”, “doubtful” or “loss” according to their levels of risk.

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