Fortune News, February 18, Hong Kong financial services provider$Tomiki Finance (02263.HK) $It opened at HK $0.60 in secret trading and finally closed at HK $0.65, up 30 per cent from the share price, earning HK $1500 per hand.

In addition, according to the previous public information, the number of applicants for the public placement of Fushi Financial is 20456, the winning rate is 20.01%, and the subscription multiple is 130.35 times. The relevant data of Futu Information are as follows:

Investment highlight

Financial growth:For the year ended March 31, 2017 to 2019, Fushi earned HK $35.656 million, HK $56.722 million and HK $65.275 million respectively, while net profit for the same period was HK $13.629 million, HK $33.029 million and HK $37.78 million, respectively. revenue and net profit grew at a compound annual rate of 35 per cent and 66 per cent, respectively, while revenue and net profit grew at a year-on-year rate of about 60 per cent and 88 per cent respectively for the four months ended July 31, 2019. The bright data reflect that the company's business is in a stage of rapid growth.

Market prospects:Jia Fidelity Securities, a subsidiary of Fortune Financial, has a nearly 20-year operating history and has established a reputation as a reliable and quality financial services provider, which is well known to retail investors in Hong Kong. At the same time, the global leading position of Hong Kong IPO, the continuous rise of Shanghai, Shenzhen and Hong Kong Stock Connect and the economic development trend of Guangdong-Hong Kong-Macau Greater Bay Area will contribute to the sustainable development of the company in the future.

Risk hint

Market share:According to the CSRC, the number of Hong Kong Exchanges and Clearing participants in Hong Kong in 2019 was about 704, of which the number of category C companies increased from 478 in 2013 to 639 in 2019, with a compound annual growth rate of 4.1 per cent and fierce competition in the industry. The company is classified as category C Hong Kong Exchanges and Clearing participants. for the year ended March 31, 2018, the income generated by the company in providing securities trading and brokerage services was about HK $31.1 million, accounting for about 0.3% of the total commission income generated by the industry intermediaries of licensed securities trading services in Hong Kong in 2018. As of the end of 2018, in terms of securities brokerage business, Fushi Financial ranked only 151 out of 625 participants in terms of the transaction value of transactions executed by the Stock Exchange. From the perspective of the industry, the competition faced by the company is relatively fierce. The failure of a company to maintain its competitiveness may lead to a reduction in its market share, which in turn has a significant adverse impact on its operating performance, financial performance and prospects.