Credit China FinTech Holdings Limited
Credit China FinTech 2016 Operations Drive Record Results Revenue Surpassed 1 Billion and Net Profit Up 2.5 Times to 301 Million
To: Financial Editors / Journalists / Credit China FinTech 2016 Operations Drive Record Results During the Period, the Group’s revenue reached a record-high of RMB1,076 million, a 150.4% increase compared with the same period last year. Profit attributable to owners of the Company amounted to RMB301 million, representing 251.7% year-on-year growth. Operating costs rose by 77.1%, which demonstrates the growing scale of the FinTech business. True performance is reflected in the basic earnings per share, RMB1.48 cents, up 190.2% from RMB0.51 cents in 2015. FinTech operations was the Group’s primary growth driver during the year, while revenue from online investment and technology-enabled lending increased from RMB113 million to RMB367 million, surging 225.7%. The Group’s third party payment service business generated revenues of RMB190 million, an increase of 48.3%. FinTech and other mobile services altogether accounted for 60.0% of the Group’s total revenue. FinTech Platforms Delivered Strong Performance Expanding Across Asia while Maintaining its Strengths in China CCF completed the acquisition of Vietnam-based Amigo Technologies in January 2017, which marked the Group’s first step as part of its international expansion strategy. On 30 March 2017, CCF’s Southeast Asia regional office will be opened in Singapore to try and capture the FinTech opportunities arising from the region. Mr. Phang Yew Kiat, Vice-Chairman and CEO of Credit China Fintech, said, “Last year, the Group had an exceptional set of results on the back of a number of growth initiatives and successful expansions into overseas markets. We managed to enrich our FinTech offerings through both organic growth and strategic acquisitions. CCF started out as a traditional financing service provider, but having initiated an epochal shift in the way it applies technology, it now has the ability to process an online borrowing application in less than one minute and has lowered the investment threshold to RMB100. Our product offerings, together with the Group’s sustainable growth trajectory, has transformed CCF into Asia’s leading FinTech group. Looking ahead to 2017, the Group will continue to leverage its strengths and build upon its core competencies, with the goal of introducting its services into new markets.” Please subscribe to Credit China FinTech’s HK WeChat account to keep abreast of regular updates on the Group’s business developments. Company website: http://www.creditchina.hk For enquiries, please contact: This press release is released by PR ASIA Consultants Limited, on behalf of Credit China FinTech Holdings Limited. Document: http://n.eqs.com/c/fncls.ssp?u=WJTHLFOTRJ Document title: Credit China FinTech 2016 Operations Drive Record Results Revenue Surpassed 1 Billion and Net Profit Up 2.5 Times to 301 Million
22/03/2017 Dissemination of a Financial Press Release, transmitted by EQS Group. |