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Public company info - Sheng Ye Capital Limited , 08469.HK

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Sheng Ye Capital Limited, 08469.HK - Company Profile
Chairman Tung Chi Fung
Share Issued (share) 879,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Other Financials
Corporate Profile Business Summary: The principal activities of the Group are provision of factoring and guarantee in the People’s Republic of China (“PRC”). Performance for the year: For the year ended 31 December 2018, the Group made revenue of approximately RMB345.9 million, representing an increase of approximately 119.9% (For the year ended 31 December 2017: RMB157.3 million). The Group’s profit before taxation increased by approximately 122.3%, to approximately RMB295.7 million in 2018 (For the year ended 31 December 2017: RMB133.0 million). Business Review The Group is a specialised enterprise financial services provider with a strong capital base, who offers accounts receivable financing and other related solutions in the People’s Republic of China (“PRC”). It has a strategically developed factoring service customer base making up of small and medium enterprises suppliers of State-owned enterprises and large enterprises, in the energy, construction and medical sectors in the PRC. Its headquarter is in Shenzhen, the PRC. The Group provides these customers with funds secured by, amongst others, their accounts receivable, and also offers them accounts receivable management services, which include review and verification of documents relating to the accounts receivable, and reports regularly to customers on matters concerning their accounts receivable. In return, the Group receives interest income and also professional fees for the services rendered. It also derives income from sales of rights of factoring assets. Prospects: The Group intends to expand and develop its internet financial services with the aim of becoming a Fintech service provider for enterprises. To this end, the Group will keep on developing and enhancing the capabilities and functions of its online platform.

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