Chairman’s Statement
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THROUGH OUR 15 YEARS OF OPERATION, WE HAVE ESTABLISHED A SALES NETWORK OF 13 BRANCHES, THE LARGEST NETWORK IN JIANGSU PROVINCE. THE COMPANY IS LEVERAGING THE INTERNET TO ACTIVELY EXPAND ITS BUSINESS FOOTPRINT.
 
Our leading position in Jiangsu Province gives us a competitive advantage in both operational scale and flexibility to cater to customers’ individual needs.
 
On 28 October 2013, the Company made its successful debut in Hong Kong’s capital market with its shares listed on the Main Board of the Stock Exchange. In February 2014, the registered capital of Suzhou Wuzhong Pawnshop Co. Ltd., our PRC Operating Entity, increased from RMB500,000 thousand to RMB1,000,000 thousand, which further consolidated our leading position in the industry. Year 2014 is the first complete fiscal year after the Company entered the Hong Kong capital market. Our directors, management and all the staff have made concerted efforts to deal with the economic conditions and the changing market environment under the “New Normal” and strive to improve our management system as well as corporate operations management in respect of corporate governance, human resources management, risk control and information platforms.
 
During year 2014, we recorded continuous growth momentum in business scale, net income and net profit. As at 31 December 2014, our outstanding loans to customers were RMB1,494,248 thousand, representing an increase of 99.2% as compared to that as at 31 December 2013. During the year ended 31 December 2014, the Company maintained its growth momentum in financial results. Net revenue of the year 2014 was RMB335,967 thousand, representing an increase of 53.6% as compared to that of year 2013; profit attributable to equity holders was RMB165,003 thousand, representing an increase of 30.2% as compared to that of year 2013. For such outstanding results achieved in the year, I would like to express my sincere gratitude on behalf of the Board to all of our staff for their contribution and to all shareholders for their full support.
 
Looking into year 2015, the Group will establish two branch pawnshops in Nanjing city and Nantong city respectively in Jiangsu Province other than Suzhou, so as to maintain our leading position as a short-term secured financing service provider in China. Also, the Group successfully launched an internet financial service platform, namely, Suzhou Qian Dai (www.suzhoumoney.com) in early 2015, which is designed to provide a regulated, safe and reliable online platform for peerto-peer financial services business. Moreover, we will apply the Group’s retained earnings for acquisitions of small loan companies to further expand our customer base and integrate with the on peep-to-peer financial service business to develop the Group into a comprehensive financing service provider. In short, we will strive to expand our operation space and provide diversified financing services to our customers as well as to create a greater value for our shareholders.
 
Stepping into year 2016, the Group will continue to strive for greater achievements with an enterprising spirit. We have full confidence for the year 2016.
 
China Huirong Financial Holdings Limited
Chen Yannan
Chairman of the Board