Haosen Fintech Group Limited TEMP
HHKEX:29792.22
HKD
0.00
(0.00%)
ISIN
KYG719721147
CUSIP
G71972114
Return %
Stock
S&P 500
1Y
443,900.00
14.20
3Y
277,400.00
81.12
5Y
7,425.42
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Wai Ho Lo
- Full Time Employees
- 61
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- China Resources Building Hong Kong Hong Kong
- IPO Date
- Jul 21, 2017
- Website
- cwl.com
- Similar Companies
- Business
- Haosen Fintech Group Limited Haosen Fintech Group Limited (3848.HK), an investment holding company incorporated in the Cayman Islands in 2015 and headquartered at Room 3402, 34/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong, provides financial services principally in the People's Republic of China and Hong Kong. The company operates through three segments offering finance lease and factoring related services, including direct finance leasing, sale and leaseback, factoring, and related advisory services primarily to customers in manufacturing, telecommunication, information technology, healthcare, and hospitality industries; micro credit and loan facilitation related services, encompassing small loans, unsecured micro-credit loans to individuals and corporates, subordinated property mortgage loans, guaranteed loans, post-loan facilitation, and interest income from loans with terms ranging from 2 months to 8 years at effective rates of 8.0% to 24.0% per annum, mainly through its wholly-owned subsidiary Shenzhen Haosen Credit Joint Stock Limited targeting manufacturing, wholesale, retail, construction, and transportation sectors; and securities dealing and broking and other financial services, such as securities brokerage, share placing, margin financing, asset management, investment advisory, and money lending in Hong Kong via Grand Partners Securities Limited. Its customer base includes small and medium-sized enterprises, individuals, and niche markets like airline companies, healthcare providers, and energy-saving equipment firms, with loan receivables secured by real estate, equipment, vehicles, and pledges. Formerly known as Wealthy Way Group Limited, the company changed its name to Haosen Fintech Group Limited in August 2023; repurchased and cancelled 126,000 ordinary shares under a buyback plan announced in October 2024 at prices ranging from HK$2.76 to HK$2.99; extended maturity dates on certain loans and leases, including a HK$9 million unsecured loan to March 2025; shifted strategic focus to small loan business, particularly second mortgages in Shenzhen amid real estate market adjustments; and reported revenue of RMB107.3 million for the year ended December 31, 2024, with small loans contributing 98.8%.