share_log

融众金融(3963):新股认购策略

Rongzhong Finance (3963): IPO subscription Strategy

興證國際 ·  Jan 20, 2016 00:00  · Researches

China Rongzhong Financial Holdings is the leading financial leasing company in Hubei Province. according to data, it ranked first among the registered financial leasing companies in Hubei Province with total assets of 1.73 billion yuan on December 31, 2014. Since its establishment in 2008, it has focused and continued to focus on the financing needs of small and medium-sized enterprises in Wuhan and other parts of Hubei Province. on July 31, 2015, it had 86 customers involved in different industries.

Over the years, the Group has accumulated knowledge and experience in meeting the financing needs of a number of major industries in Hubei Province, including laser processing, plastics, industrial processing, textiles and clothing, as well as hotels and leisure. SMEs in these major industries have continuous financing needs that cannot be met by traditional financing channels, and believe that the transport (vehicles and aircraft), medical and educational equipment industries have growth potential and have taken active measures to enter these industries.

China Rongzhong Financial Holdings is committed to diversifying its sources of financing and operating mainly through bank loan disbursement businesses from different Bank of China Ltd.. These banks include the head offices of state-owned policy banks, state-owned commercial banks, national commercial banks and regional commercial banks. As at 30 November 2015, the Group's total bank borrowings were 761.7 million yuan. In 2013, 2014 and 31 March 2015 and 31 July 2015, the largest banks accounted for 47.7%, 58.3%, 62.8% and 57.5% of total bank borrowings respectively.

As at 30 November 2015, the Group recovered a total of 65.9% and 32.6% of the actual overdue receivables as at 31 March 2015 and 31 July 2015 respectively.

The net tangible assets per share is HK $2-2.10, with a price-to-earnings ratio of 2015 times earnings.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment