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Public company info - Yangzhou Guangling District Taihe Rural Micro-finance Company Limited-H Shares , 08252.HK
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Yangzhou Guangling District Taihe Rural Micro-finance Company Limited-H Shares, 08252.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: For the year ended 31 December 2018, the Company recorded gross interest income of approximately RMB108.3 million, representing an increase of approximately 18.6% as compared to approximately RMB91.3 million in the previous year; and profit after tax of approximately RMB68.8 million, representing an increase of approximately 50.0% as compared to approximately RMB45.8 million in the previous year. Business Review: During the year ended 31 December 2018, the Company continued to pursue business opportunities, strengthen its market position and achieve stable operating results. For the year ended 31 December 2018, the Company recorded gross interest income of approximately RMB108.3 million, representing an increase of approximately 18.6% as compared to approximately RMB91.3 million for the year ended 31 December 2017; and profit after tax of approximately RMB68.8 million, representing an increase of approximately 50.0% as compared to approximately RMB45.8 million for the year ended 31 December 2017. As at 31 December 2018, the Company’s balance of outstanding loans (before allowance for impairment losses) was approximately RMB841.5 million, representing an increase of approximately 3.6% as compared to approximately RMB812.0 million as at 31 December 2017. Total assets as at 31 December 2018 were approximately RMB827.5 million, representing an increase of approximately 2.8% as compared to approximately RMB804.7 million as at 31 December 2017, and net assets were approximately RMB811.3 million as at 31 December 2018, representing an increase of approximately 2.6% as compared to approximately RMB790.6 million as at 31 December 2017. The number of customers We have 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. We consider 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 2017 and 2018, we granted loans to 500 and 513 customers, respectively. Loan portfolio by security We accept (i) loans backed by guarantees, (ii) loans secured by collaterals, or (iii) loans backed and secured by both guarantees and collaterals. Asset quality We adopt a loan classification approach to manage our loan portfolio. We categorize 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. Prospects: During the year of 2018, the Gross Domestic Product (“the GDP”) of Jiangsu Province exceeded RMB9.0 trillion for the first time, ranking second in China and representing a year-on-year growth rate of 6.7%. For the same period, the GDP of Yangzhou City was approximately RMB546.6 billion, representing a year-on-year growth rate of 7.9%. The steady growth of the economy of Jiangsu Province and Yangzhou City provided a good external economic environment for the business development of the Company. In 2018, the Chinese government introduced a series of policies that were conducive to improving the multi-level credit market and developing inclusive finance. The introduction of these policies has created a fair, transparent and sustainable policy environment and system basis for the development of microfinance companies. With the successful listing of the Company on GEM of the Stock Exchange on 8 May 2017, the capital base of the Company has been further expanded. Meanwhile, the Company continues to promote the implementation of the strategic plan and meticulous management initiatives to further strengthen the Company’s competitive advantages. In terms of business strategies, the Company has expanded our customer base by further penetrating the existing market, while expanding and strengthening our back-office operation support. The objective of the Company is to become a leading regional microfinance company focusing on meeting the interim business financing needs of SMEs, micro-enterprises and individual proprietors. Looking ahead, the Board and all staff of the Company will make pioneering and innovative efforts and keep pace with the times to create greater values for our customers, employees and Shareholders.

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