Finance Archives - Page 72 of 75

Trintech Extends Reporting Capabilities in Its Adra Suite with the Launch of Adra Analytics

Gain Meaningful Insights with Complete Visibility into Your Financial Data

As a leading provider of financial software solutions, Trintech today announced the launch of Adra Analytics, extending the reporting capabilities of its Adra Suite. This solution ensures companies have full visibility into their financial data in one consolidated location, giving them a one-stop-shop for all their financial reporting needs.

“Adra Analytics has given us full visibility into the quality and efficiency of our close process,” said Wojciech Bec, Financial Controller at Unit4. “We can identify which areas we are doing well, and which areas need improvement. This insight has enabled us to accelerate our financial close process significantly.”

With Adra Analytics, organizations can now track the trends and movements of their financial data throughout one period, or over several, to give them greater insight into how their company is maturing. It allows organizations to combine financial data within the Adra Suite with data from other solutions, such as their ERP, through a BI toolkit, to give them complete insight into their month-end alongside non-close related activities. Through customized dashboards organizations gain visibility into high-level summaries of their data and they also provide the ability to deep dive into the details required to analyze how their month-end is impacting the overall company’s financials.

“As a leading financial software provider, we know that a company’s financial data is mission critical, especially during a time like this,” said Darren Heffernan, President, Mid-Market at Trintech. “Finance & Accounting (F&A) organizations are even more integral to their businesses because they have the data that are driving those immediate business decisions. To help provide that real-time visibility into the financials, we are thrilled to announce the launch of Adra Analytics that will help F&A organizations gain those insights quickly to help drive the strategic directions of their organizations.”

Currently deployed by over 1,800 companies across the globe, the Adra Suite provides cloud-based, financial close and reconciliation solutions for companies looking to quickly increase the efficiency, control and visibility for all key areas of the financial close process including: balance sheet reconciliations (Adra Balancer), transaction matching (Adra Matcher), financial task management and controls (Adra Task Manager), and reporting (Adra Analytics).

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin, Trintech – +1-972-739-1680 or Kelli.Shoevlin@trintech.com

BHD Global STO application has been approved by SEC

BHD is a novel blockchain-based project with an original, next-generation Proof of Capacity.
BHD’s application for a security token offering (STO) has been approved by U.S. Securities and Exchange Commission (SEC). BHD, a new style of crypto currency with its unique Proof of Capacity (PoC) consensus and mining mechanism, generates its unique value through mathematics and code.

BHD established its CPoC (Conditional Proof of Capacity) with an original, next-generation consensus system, with an optimal economic model and consensus algorithm. BHD uses hard disk as consensus participant, significantly lowering the energy consumption, and the entry barrier, making mining of crypto currency safer, more decentralized, and for everyone.

Compared with Bitcoin POW mining, CPoC mining saves energy, consumes much less power, has lower noise, no heat, and is anti-ASIC. CPoC-mining-based BHD can realize the original intention of Satoshi Nakamoto, that everyone can become a miner. BHD’s global network capacity has reached 1000 Pb, and the equipment value is 400 million USD.

BHD is a self-governing community project, like Bitcoin, which will allocate greater rewards and more support to miners who meet the mining conditions. All these changes have been realized by mathematical formulas and algorithms instead of manual operation. The performance of BHD has attracted much attention with some believing this dark horse may lead a revolution in the blockchain industry.

Relative to an ICO, STOs are seen as lower risk, as the securities laws that regulate security tokens often enforce transparency and accountability. A security token will also be backed by a real-world asset, which makes it easier to assess whether or not the token is priced fairly in relation to the underlying asset. With pure utility tokens, it can be difficult to assess true value, and determine fair price.

The STO is good for BHD’s adoption in the long-run. STOs are legally compliant, which means they are perceived to be of less risk, and will encourage institutional investors to come on board. BHD community registered as BHD-global autonomy foundation Ltd, applied to the Singapore Accounting and Corporate Regulatory Authority (ACRA), was approved by the SEC on 03.30.20, was approved by ACRA, became effective on 04.15.20.

Please visit the official website: www.btchd.org.

SEC approval: www.sec.gov/cgi-bin/browse-edgar?company=bhd-global

Contact: Master Bao, master@btchd.org. BHD Community is now BHD Global Autonomy Foundation.

Binhai Investment introduces Sinopec Great Wall Gas as a strategic investor, which holds 29.99% equity and will become the second largest shareholder

Binhai Investment Company Limited (“Binhai Investment” or the “Company”, stock code: 2886.HK) is pleased to announce that Company (as issuer) entered into the Subscription Agreement with Sinopec Great Wall Gas Investment Co., Ltd (“Great Wall Gas”, as subscriber). The subscriber agreed to subscribe for an aggregate of 178 million Subscription Shares, at the subscription Price of HK$1.33. The Subscription Shares represent approximately 13.14% of the issued share capital of the Company as enlarged by allotment and issue of the Subscription shares.

On the same day, TEDA Hong Kong Property Company Limited (“TEDA HK”, as vendor), being the controlling shareholder of the Company, and Great Wall Gas(as purchaser) entered into the Share Purchase Agreement. The purchaser agreed to purchase, an aggregate of 228 million Sale Shares at the Sale Price, which is the same as the Subscription Price. The Sale Shares represent approximately 16.85%. Immediately after completion of the Subscription and the Disposal, TEDA HK, a controlling shareholder of the Company, holds 35.43% equity and Great Wall Gas holds 29.99% equity as second largest shareholder. Great Wall Gas is the only platform and wholly-owned subsidiary of Sinopec Corporation, which is engaged in natural gas terminal utilization investment. Its main investment scope includes, but is not limited to, the investment and operation of clean energy projects such as natural gas pipeline, natural gas distributed energy and urban gas.

Binhai Investment considers that the company focuses on the construction of gas pipeline networks, gas sales and installation services, Sinopec Corp and its subsidiaries have access to petroleum and natural gas resources. Therefore, it is expected that by introducing Great Wall Gas as a strategic investor of the Company, both sides will achieve supply chain synergy. To solidify further business cooperation, the Group may conduct further negotiations with Sinopec Corp and/or its subsidiaries and enter into further business agreements with them in the future.

About Binhai Investment Company Limited (Stock Code: 2886.HK)
Binhai Investment Company Limited is principally engaged in investments in the construction and operation of gas pipeline networks, provision of gas construction and installation service, supply and provision of gas, and sale of liquefied petroleum gas in the PRC. The Company listed on the main board in Hong Kong on 11 February 2014 (Stock Code: 2886), the Company’s controlling shareholder is Tianjin TEDA Investment Holding Co. Ltd. As one of the earliest foreign-funded enterprises participating in the public utilities industry in the PRC, the Company is committed to aligning with the national policy of the PRC in providing clean energy for the commercial and industrial users and urban citizens, also developing the gas market in mainland China. Leveraging on the Company’s long experience in the industry, safe and trustworthy service quality, professional expertise as well as the close relationship with the local government, Binhai Investment has a coverage of gas business that encompasses seven provinces and two municipalities across the PRC. With the benefits of the abundant resources in Tianjin, the economic center in Bohai Rim area, and leveraging on the rapid development in Binhai New Area, the Company ties in with the thriving development in Binhai New area with a brand new image to strengthen its principal operation, gas business and expand business scale. For detailed information of the Company, please visit the website of the Company at http://www.binhaiinv.com/.

UK Real Estate Cryptocurrency Breezecoin (BRZE) Lists on Bithumb Global

Breezecoin (BRZE), a real estate cryptocurrency issued by Breeze de Mar, which is a real estate company with over 60 years of experience in the field, will be listed on the cryptocurrency exchange Bithumb Global on April 29th.

– Breezecoin is a real estate focused utility token issued by Breeze de Mar, an international construction company based in UK, with offices in United States, Germany and Turkey.
– The spot trading of Breezecoin against BTC will go live on April 29th at 9am CET.
– Breezecoin aims to empower everyone worldwide to invest in properties conveniently by eliminating the high entry barrier.

Breeze de Mar is a brand owned by a UK-based real estate investment company, Breeze de Mar LTD, as the successor of Akpinar Group. Akpinar Group is one of the rooted construction companies in Germany and has been serving the construction and real estate sectors on building commercial and residential complexes, as well as manufacturing areas since 1960.

Unlike most of the other cryptocurrencies, Breezecoin is tied to physical assets, namely real estate assets. The token’s staking program allows holders to receive bonuses. Discounts are offered to Breezecoin holders for buying various versions of real estate from Breeze de Mar projects.

“We envision a world where everyone has the right to invest in any asset securely and conveniently. With decades of experience in real estates, we’ve built a system to empower people to invest in properties conveniently by eliminating the high barrier to entry,” said Harald Kendzia, CEO of Breezecoin.

The deposits and withdrawals of Breezecoin (BRZE) on Bithumb Global will be available from April 27th and April 29th at 9am CET respectively. The spot trading pair BRZE/BTC will go live on April 29th at 9am CET.

About Breezecoin
Breezecoin (BRZE) is a real estate focused utility cryptocurrency issued by Breeze de Mar, a brand owned by a UK-based real estate investment company Breeze de Mar LTD.

About Akpinar Group
Akpinar Group is one of the rooted construction companies in Germany and has been serving the construction and real estate sectors on building commercial and residential complexes, manufacturing areas since 1960.

About Bithumb Global
Bithumb Global is a digital asset exchange launched to meet the diverse needs of users around the world. Bithumb Global will leverage on their deep resources and technology to provide a wide range of services such as digital asset exchange, digital asset issuance, blockchain project incubation, decentralized finance among other services.

Trintech and The Hackett Group Announce Strategic Partnership to Help Organizations Transform the Close

Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, and The Hackett Group, Inc. (HCKT), an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, today jointly announced a strategic alliance to deliver finance solutions that empower organizations to deliver real-time financial intelligence to executives and add strategic value to the enterprise.

“The demand for Record to Report technology solutions continues to grow as finance organizations around the world seek to increase not only the efficiency, but also the effectiveness of their financial close,” said David Dungan, Vice Chairman and COO of The Hackett Group. “We believe this strategic partnership with Trintech will offer customers a comprehensive solution that will drive true financial transformation.”

With this strategic alliance, Trintech and The Hackett Group will provide CFO and CIO organizations with effective finance processes and technology solutions that optimize efficiencies, visibility, governance and controls across the entire Record to Report process. By improving and automating these operations, Trintech and The Hackett Group will help the office of the CFO reduce costs and risk and allow them to free up valuable resources to refocus their time and effort on other initiatives critical to the business.

“We are confident that organizations committed to digitally enabling and transforming their financial processes will benefit immensely from the combination of Trintech’s System of Accounting Intelligence(TM) and The Hackett Group’s expertise in helping businesses simplify, standardize, and automate their processes,” said Russ Hubbard, Chief Revenue Officer at Trintech. “Together, we aim to help finance organizations become simpler, agile and more efficient.”

With this partnership, Trintech’s customers will be able to extend and augment the benefits they have experienced from utilizing Trintech’s leading Record to Report solution by engaging The Hackett Group’s empirical benchmarks, intellectual property, and focused consulting capabilities that detail how companies can improve efficiency and effectiveness and quantify world-class and peer performance. The Hackett Group’s research also spotlights strategic thinking in financial transformation strategy, best practices and emerging areas – including the increasing use of digital transformation such as robotic process automation and artificial intelligence.

About The Hackett Group

The Hackett Group (HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, offering digital transformation including robotic process automation and enterprise cloud application implementation. Services include business transformation, enterprise analytics, working capital management and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning Oracle and SAP practices.

The Hackett Group has completed more than 15,000 benchmarking studies with major corporations and government agencies, including 97% of the Dow Jones Industrials, 89% of the Fortune 100, 87% of the DAX 30 and 59% of the FTSE 100. These studies drive its Best Practice Intelligence Center(TM) which includes the firm’s benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group’s clients and partners to achieve world-class performance.

More information on The Hackett Group is available at: www.thehackettgroup.com, info@thehackettgroup.com, or by calling +1-770-225-3600.

Hackett Cautionary Statement Regarding “Forward Looking” Statements

This release contains “forward looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, seeks”, “estimates” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward looking statements. Forward looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward looking statements include without limitation, the ability of Hackett to effectively market and continuing demand for Trintech software, its digital transformation and other consulting services, competition from other consulting and technology companies who may have or develop in the future, similar offerings, the commercial viability of Hackett and its services as well as other risk detailed in Hackett’s reports filed with the United States Securities and Exchange Commission. Hackett does not undertake any duty to update this release or any forward looking statements contained herein.

About Trintech

Media Contacts:
Kelli Shoevlin, Trintech – +1-972-739-1680 or Kelli.Shoevlin@trintech.com
Gary Baker, The Hackett Group – +1-917-796-2391 or gbaker@thehackettgroup.com

SOURCE: Trintech, Inc.

Trintech Offers Cadency Close Management at No Cost to Help Large Enterprises Manage Their Close Process Virtually

Achieve up to a 30% reduction in time to complete close tasks and up to a 99% reduction in time to support external auditors with Cadency Close Management

As finance & accounting (F&A) teams adjust to a new way of working with a dispersed remote workforce, Trintech announces that its enterprise-grade Cadency Close Management solution will be available at no cost, for up to 6 months, to help large enterprises manage their close process virtually. With this offer, Trintech’s professional services team will assist in the implementation and configuration of the solution including building, organizing and importing your close checklist into Cadency. In addition, they will provide training and support to help your team achieve greater visibility and control, leading to a more resilient organization.

“We operate in 40 countries, have 225 entities, and buy 6-12 companies a year,” said Jim Agnew, SVP Corporate Controller at Ingram Micro, Inc. “With Cadency Close, we have visibility into the financial close process daily, as well as harmonization and standardization across all our countries and entities. So, a close process being done in Peru is the same process being done in Germany or the United States.”

Cadency Close Management integrates with all key Record to Report activities including account reconciliation and certification, journal entry management and compliance, quickly preventing “white space” breakdowns. With a dashboard-driven management framework, the solution allows your finance team to identify bottlenecks and communicate potential issues early and often, greatly reducing the possibility of missed deadlines. In addition, an eBinder creates a thorough record of all actions, making it easy to retrace every facet of the financial close. According to a third-party research study, Cadency Close Management customers have seen up to a 30% reduction in time to complete close tasks and up to a 99% reduction in time to support external auditors[1].

“Transparency, automation and standardization have always been critical to Finance & Accounting organizations, but the transition to a completely remote workforce has only exacerbated this need,” said Teresa Mackintosh, Chief Executive Officer at Trintech. “As a trusted advisor to finance and accounting professionals across the globe, we want to ensure we are providing these organizations with as many resources as possible to help drive their businesses forward and alleviate some stress during this time. This offering will provide new and existing customers increased visibility and control, leading to a more resilient organization.”

Included with the offering of the Cadency Close Management solution, organizations can gain full access to Trintech’s Customer Success Center consisting of educational online resources and self-led training materials, a knowledge base, and forums where you can ask questions and share best practices with other Cadency Close Management users.

“During this unprecedented time, Cadency along with our teams have helped to ensure the accuracy and quality of our financial statements while working remotely,” said Jackie Peters, General Accounting Design, Process and Systems Senior Manager at HP.

Trintech is also working very closely with our strategic partners, such as KPMG LLP, to help customers adapt to this new environment and prepare them for what to expect. Trintech and KPMG will be hosting a virtual panel on Thursday, April 16th, to give companies insight into topics like, how this new way of working will affect the next audit cycle, how to conduct a virtual close, and the risks to consider from a cybersecurity perspective when working in a virtual environment.

“With the global workforce shifting to new delivery models, we’ve seen clients that have embraced technologies such as Cadency more quickly in order to adapt to unique circumstances brought about by COVID-19,” said Scott Cohen, Advisory, KPMG LLP. “It is more important than ever to strengthen organizations through technology and promote collaboration, remote etiquette, and visibility as we navigate our recovery and new reality.”

If you are interested in using the Cadency Close Management solution, you can contact us here to get started. https://go.trintech.com/Cadency-Close-Offer-NA.html

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

About Trintech

About KPMG LLP

KPMG is one of the world’s leading professional services firms, providing innovative business solutions and audit, tax, and advisory services to many of the world’s largest and most prestigious organizations. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities. KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 219,000 professionals working in 147 countries and territories. Learn more at www.kpmg.com/us.

[1] 2017 Cadency ROI Study, Hobson & Company

Media Contact:
Kelli Shoevlin
+1-972-739-1680
Kelli.Shoevlin@trintech.com

SOURCE: Trintech, Inc.

Bitnuk sets Exchange Records, Becoming a Most Trusted Platform

The Swiss Bitcoin exchange platform exceeded 114,342,004TH/s and EUR 80 million in exchange value last Thursday, its highest-ever figures.

Bitnuk, the Swiss bitcoin exchange and wallet, is here to stay. While the coronavirus was taking over economies and stock markets crashed, Bitnuk was becoming a most trusted wallet and exchange platform for the worlds currency buyers.

Trust and stability – Crypto and Fiat

There is no better time than these coronavirus days to evaluate the stability of companies and markets – It is more significant looking at financial platforms when we want to keep our money safe. Bitnuk, the Swiss Bitcoin exchange and all-currencies wallet, recorded huge volume from currency buyers and on Thursday tripled the average registration rate and exchange volume, showing the confidence of Bitnuk’s users.

The coronavirus is one of the most significant jump-starting points for wallet and exchange users to move to digital financial platforms. While banks over the world are closed for costumers and moving or using your own money becomes impossible these days, Bitnuk is the solution.

The great advantage of Bitnuk is that users can use it for any of their banking or currency needs with top-end security and privacy.

So, with its Swiss credibility, the right timing, and the perfect solution, Bitnuk becomes a must-have wallet. Thanks to its security, privacy, trust, and multi-currency options, the numbers show it is the preferred alternative also to the giant players like PayPal, Coinbase, Exodus, Blockchain, and more.

There is no doubt that after the corona crises, the digital financial platform will experience massive growth and will probably be in use of millions of new users even as the main account. Bitnuk will be surely taking the advantage of this period and here not only to stay but to long last.

Brookfield-Euroswiss the Swiss holdings group analysts, report that the average daily market crypto cap was over 200B USD and daily crypto trading volume of over 10B USD. This growth shows the confidence the market has not only with crypto but digital wallets and crypto platforms in general..

Niv Konforty
support@bitnuk.com
https://bitnuk.com

Shenwan Hongyuan Announces 2019 Annual Results

Profit Soars in Four Major Segments, with Double Profit in Institutional Services and Trading Segment

Shenwan Hongyuan Group Co., Ltd. (hereinafter referred to as “Shenwan Hongyuan” or the “Company”; stock code: 6806.HK; 000166.SZ) announced its annual results for the 12 months ended 31 December 2019 (the “Reporting Period”).

During the Reporting Period, the Company achieved total revenue and other income of RMB33.252 billion, up 37.92% YOY; profit before income tax of RMB6.927 billion, increasing 33.54% YOY; profit attributable to the shareholders of the Company for the period of RMB5.735 billion, a YOY increase of 37.86%; basic earnings per share of RMB 0.24, 26.32% higher than in 2018; 7.41% in its weighted average return on net assets ratio, rising by 1.22 percentage points YOY.

Benefiting from a market rebound and accurate strategy transformation, the Company’s four major business segments including enterprise finance, personal finance, institutional services and trading, and investment management all recorded steady growth and further increased market shares. Among them, revenue from the Company’s enterprise finance segment increased 25.47% YOY to RMB2.718 billion; personal finance grew 1.86% to RMB11.345 billion; institutional services and trading surged by 93.66% to RMB17.166 billion; and investment management rose by 4.18% to RMB2.023 billion.

Enterprise finance business: Seize market opportunities, participate in the STAR Market, and steadily expand the scope of business

In 2019, the Company’s investment banking arm fully participated in the construction of the STAR Market, developed a full range of fixed income financing businesses and continued to increased efforts in the development of new projects to increase project reserves. During the Reporting Period, the Company completed 13 equity financing projects (including 3 IPOs and 10 refinancing projects) with a financing amount of RMB13.879 billion. In particular, “Anji Technology”, was responsible for sponsoring and undertaking, was one of the first batch of enterprises listed in the STAR Market; six M&A and restructuring transactions were approved by the M&A and restructuring committee of the CSRC, ranking fifth in the industry, up by 13 in ranking as compared with the last year; 79 enterprise and corporate bond projects, and 493 local government bond projects with an underwriting amount of RMB87 billion, the Company was rated as an outstanding lead underwriter of corporate bonds by the Shenzhen Stock Exchange.

Personal finance business: Actively capture market opportunities, introduce the assets of major clients, and promote institutional transformation for clients

In 2019, the overall capital market rebounded and saw vigorous trading. As of the end of the Reporting Period, client securities under the custody of the Company amounted to RMB3.20 trillion, representing a year-on-year increase of 33.67% and a market share of 7.18%, ranking among the top in the industry. At the end of the period, the brokerage business had nearly 7.271 million retail customers, representing an increase of 11.04% as compared with the end of the previous year. The new securities accounts opened by companies reached approximately 710,800, representing an increase of 118.71% over the same period of last year. The monthly active users of Big Winner APP reaching 1,121,100.

The Company’s future business line, daily average customer equity and total customer equity peaked at record highs. Shenwan Futures had been awarded the highest Class A Grade AA rating in the classified evaluation of futures companies by the CSRC for six consecutive years, and it had also been granted approximately 40 awards and honours by the financial industry, government authorities, exchanges, mainstream media, etc.; Hongyuan Futures further strengthened its business layout, further developed its new business, and applied for qualifications for fund sales business. Breakthroughs to varying degrees were achieved in terms of basis trading business, market making business, and options business.

During the Reporting Period, by fully leveraging on the position as one of the first batch of qualified brokers for securities refinancing business in the STAR Market, the Company accelerated institutional transformation of clients through capturing market trends and expanding the source of securities, with RMB51.71 billion in ending balance and a market share rate of 5.05% at the end of 2019.

The Company’s stock-backed lending business actively responded to change in the market environment, and further strengthened its project risk management. As of the end of the Reporting Period, the Company’s stock-backed lending business has had a balance of RMB24.488 billion, decreasing by 43.94% over the end of the previous year. The collateral coverage ratio of stock-backed lending contracts was 243.63% on average.

The sales of financial product business line of the Company devoted great efforts to both the mutual funds and private equity funds. During the Reporting Period, the Company’s total sales of its own financial products and third-party products reached RMB63.899 billion and RMB46.594 billion respectively.

Institutional services and trading business: Strengthen research input and the building of sales and service capabilities, as well as continuously enriching product portfolio

During the Reporting Period, the Company’s institutional services and trading business recorded total revenue and other income of RMB17.166 billion, representing a year-on-year increase of 93.66%. Among them, revenue generated from units leasing amounted to RMB422 million, representing an increase of 3.97% over the end of the previous year,, and the market share of income from units leasing was 4.2034%, maintaining in the top rank in the industry; as for the PB System business, the Company standardised the development of PB trading system to achieve full-market and full-variety coverage. As of the end of 2019, there were 487 PB System customers with a total scale of RMB114.1 billion; the fund operation outsourcing service of the Company had passed the ISAE3402 international certification for two consecutive years; the Company obtained the qualification for custody of securities investment funds.

The Company’s research and consultation business line continuously improved in research quality and market influence. In 2019, SWS Research held more than 40 quality conferences and won the first place of “Local Gold Medal Research Team”, 23 individual research awards in the “13th Crystal Ball Awards For Chinese Sell-Side Analysts”, the 4th place of the “The Most Influential Research Institutions”, and individual awards in 10 research fields in the “17th Best Analyst”.

The Company’s FICC business line closely followed the development of the market, with the investment return far exceeding the average return of the open bond fund, and profit contribution once again reaching a record high; with its gradually improving business layout, the Company acquired the qualifications for treasury bonds futures market-making business and main market maker for listed funds, as well as qualifications to quote in the “Bond Connect”.

The Company continued to promote its equity sales and trading business, resulting in steady increase in its overall profitability. Furthermore, the Company vigorously developed market-making business and obtained a number of important business qualifications including the main market maker of the Shanghai and Shenzhen 300ETF options from the Shanghai Stock Exchange, the main market maker of the Shanghai and Shenzhen 300ETF options from the Shenzhen Stock Exchange, the market maker of stock index options of the Shanghai and Shenzhen 300 index from China Financial Futures Exchange and the market maker of commodity options (PTA, methanol) from Zhengzhou Commodity Exchange. The Company continuously enriched the product lines of its derivatives business and strengthen its customer stickiness. According to the Securities Association of China, during the Reporting Period, the Company’s market share of OTC derivatives business stood at 12.3%, ranking among the top five in the industry in respect of cumulative scale.

Investment management business: Combine internal and external resources to provide diverse asset allocation plans

The investment management business of the Company consists of asset management, mutual fund management and private equity fund management. During the Reporting Period, the Company’s investment management business segment recorded total revenue and other income of RMB2.023 billion, representing a year-on-year increase of 4.18%. Net income from the Company’s asset management business showed relatively rapid growth in spite of adversity, ranked 5th in the industry, climbing one place from previous year; income structure was further optimised, with revenue from the active management business constituting 86% of total revenue, up 11 percentage points YOY.

The Company carries out the mutual fund management business principally through its controlled subsidiary SWS MU and its invested company Fullgoal Fund. As of the end of the Reporting Period, the scale of assets under its management was RMB76.2 billion, representing an increase of 46% from the end of the previous year. The scale of mutual funds under Fullgoal Fund’s management was RMB339.059 billion, representing an increase of over 70% over the end of the last year. The Company maintained excellent overall investment performance in various major categories of products such as active equity, quantitative index and fixed income.

The Company carries out the private equity fund management business principally through Shenwan Hongyuan Industrial Investment, Hongyuan Huifu and Shenyin & Wanguo Investment. Relying on the capital market, the Company vigorously developed the private equity fund business and strengthened cooperation with key provinces and relevant listed groups, large state-owned enterprises, etc., to comprehensively serve the development of the real economy and industrial transformation and upgrades.

Outlook: Implement the “principal investment + investment banking” strategy to ensure the Company’s healthy and continuous development

As the multi-layered capital system gradually improves and various measures to open the financial industry are continuously launched, the securities sector faces new development opportunities from increasing industry consolidation. Shenwan Hongyuan will follow the trend and has set a strategic goal to “become a financial service provider which relies on the capital market, focuses on securities businesses, and is featured by “principal investment + investment banking”, serving the general public, supporting solid economic development and optimising resources allocation. In respect of the tasks for fully implementing the strategy of “principal investment + investment banking”, the Company will expedite its resource layouts, continuously improve its competitiveness and profitability, enhance its team and capability building, and perfect its internal control and risk management system, so as to ensure the Company’s continuous, healthy development. Meanwhile, the Company will also actively respond to the negative impact of the novel coronavirus epidemic on its various businesses, adhere to “strong efforts on both aspects” of epidemic prevention and operation, and join hands with the Chinese to win this people’s war, general war and blockade against the pandemic in a determined way.

About Shenwan Hongyuan Group Co., Ltd.
Shenwan Hongyuan Group Co., Ltd. is a leading investment holding group focused on securities businesses in China. Shenwan Hongyuan Group is committed to providing diverse financial products and services to clients. In January 2015, Shenwan Hongyuan Group emerged from the merger between Shenyin & Wanguo Securities and Hong Yuan Securities, which was the largest merger in the PRC securities industry at that time according to Dealogic, forming the corporate structure by “an investment parent company, Shenwan Hongyuan Group, and a subsidiary securities firm, Shenwan Hongyuan Securities”, and it listed on the Shenzhen Stock Exchange. In April 2019, Shenwan Hongyuan Group issued H shares and was successfully listed on the Hong Kong Stock Exchange.

WCI Obtains Authorised Supervision from Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

On February 3, 2020, West Capital International (WCI) obtained authorised supervision from Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with immediate effect, meaning WCI officially entered the Canadian financial market and began to provide services for Canadian investors.

Mission-Promoting the Development of World Investment Innovation Model

WCI has invested about US$ 500 million in financial education since 2017. It has hired a large number of financial education elites from all over the world to teach people to understand the new economic form and master the most advanced new investment mode in the world. The main group of the education program is customers who have a certain understanding of the global economic innovation. It provides independent financial supervision services to the world’s middle and upper income groups and conducts new financial supervision other than traditional investment and financial management forms.

Top asset security capabilities

WCI has been adhering to the principle of win-win operation and the principle of legal operation. It has successively won the supervision of many authoritative monitoring organizations such as the National Futures Association (NFA), Australian Trust YOU CAN TRUST, Canada’s Financial Transaction and Report Analysis Center (MSB), etc. WCI is a company that directly provides additional and extensive protection to customer groups, and proudly provides safe and worry-free investment plans for customer funds. The safety of customer funds is the top priority. WCI Capital Invests in Hong Kong and Shanghai Banking Corporation to Launch the Best Guarantee for Guaranteeing the Capital of the First Phase US$ 200 million Cheque. In addition, WCI Capital will present an equivalent cheque of Standard Chartered Bank segregated account.

About WCI

As a 6-star international investment trust, WCI was established in 1988. Its headquarters are now located in Russia and Ukraine. WCI has a strong financial background, and its international professional traders have more than 30 years of experience. Since its establishment, it has been focusing on financial derivatives investment and specialized in foreign exchange, stock index, international futures, etc. WCI continues to conduct necessary market research and development to keep pace with the changing financial markets of global business. The trading team carries out high probability trading and regularly evaluates the algorithms of trading tools as well as new cross-border trading tools.

Please contact:
Bryant Chai, Toronto, Canada
West Capital International Ltd
enquiry@westcapitaltrading.com
http://www.westcapitaltrading.com

Haitong UniTrust Announces 2019 Annual Results

Revenue increased significantly of 34.0% Y-O-Y

Haitong UniTrust International Leasing Co., Ltd. (“Haitong UniTrust” or the “Company” and its subsidiaries together, the “Group”; Stock Code:1905) is pleased to announce the audited annual results for the year ended 31 December 2019 (“the Reporting Period”). In 2019, the Group realized revenue of RMB7,144.9 million, representing an increase of 34.0% from RMB5,332.3 million last year; and profit of RMB1,354.9 million with robust profitability.

Financial Highlights
– For the year ended 31 December 2019, revenue was RMB7,144.9 million, representing an increase of 34.0% as compared with 2018;
– Realized profit of RMB1,354.9 million and maintained its steady growth;
– Non-performing asset ratio and allowance coverage ratio of the Group were 1.08% and 265.19%, respectively;
– Actively rewards shareholders and distributed the interim cash dividend of 2019 with a total amount of RMB411,765,000.00. The Company also recommended to distribute annual dividend for the year of 2019 with a total amount of RMB362,353,200.00.

The Company’s capital strength improved significantly. With the issuance and Listing of H Shares and the continued profitability of the company, the total equity of the Group recorded RMB15,289.8 million as at Decemebr 31, 2019, representing an increase of 18.3% as compared with December 31, 2018. The Company’s asset scale continued to expand. The total assets of the Group amounted to RMB99,047.3 million as at December 31, 2019, representing an increase of 20.6% as compared with December 31, 2018.

During the Reporting Period, adhering to its objective of serving the real economy and strictly implementing its strategies of “One Body, Two Wings” and “One Big and One Small”, the Group put efforts in developing localized segments and further optimized its assets and investment structure. In order to support high-quality micro- and small-sized enterprises(“SMEs”) and retail customers, the Group focused on the development of business related to transportation & logistics, advanced manufacturing, healthcare, infrastructure and other key sectors. For the year ended December 31, 2019, the Group invested RMB57,786.4 million in its business, including investments in retail business and institutional business of RMB28,737.2 million and RMB29,049.2 million, respectively, achieving a balanced development between large- and medium-sized enterprises and SMEs.

In 2019, the Group continued to improve its comprehensive risk management system, implemented proactive risk management, embedded various risk management into its business operations and promoted a integration of big data and risk models with the approval system to further enhance its risk identification and quantitative management capabilities. In addition, the Group strengthened its risk prevention and handling capabilities through forward-looking asset allocation management, proactive response to risk events and increased efforts in asset disposals. Benefiting from the combined effect of comprehensive risk management, during the Reporting Period, the overall asset quality of the Group remained stable and the NPA ratio was maintained in a safe and controllable level with strong risk resistibility. As at December 31, 2019, the NPA ratio and allowance coverage ratio for NPAs was 1.08% and 265.19%, respectively.

As at December 31, 2019, the Group established credit relationships with 66 financial institutions and signed accumulative credit lines of approximately RMB93.1 billion, of which the unused credit balance was approximately RMB36.8 billion. The Group also continued to expand traditional financing channels and explore innovative financing methods to meet its development needs. For example, in 2019, the Group successfully issued the first asset-backed securities with credit protection contracts (“CDS”) and the first loan prime rate (“LPR”)-linked asset-backed notes in China. In addition, the Group continuously improved its liquidity risk management and debt structure management to achieve a balance between asset and liability duration.

In 2019, the successful issuance of the H shares of the Group further consolidated the capital strength of the Company, and the annual financing scale was equivalent to RMB52,654.4 million. Indirect financing withdrawals of RMB28.288 billion were realized through channels such as syndicated loans and bank acceptance bills, accounting for 53.7% of the total financing amount; direct financing of RMB24.366 billion were realized through issuance of asset-backed securities of RMB11.216 billion, short-term financing bonds of RMB1 billion, ultra short-term financing bonds of RMB7.5 billion, asset-backed notes of RMB950 million, private debt financing instruments of RMB2.7 billion and private equity corporate bonds of RMB1 billion, accounting for 46.3% of the total financing amount, in order to ensure the capital resources of the Company.

The Company was devoted to safeguard the interests of shareholders and maximize shareholders’ value. While creating good operating performance, the Company actively rewards shareholders. In 2019, the Company has distributed the interim cash dividend to all of its ordinary shareholders with a total amount of RMB411,765,000.00. In addition, the Board of Directors of the Company recommended to distribute cash dividend to all of its ordinary shareholders for the year of 2019 with a total amount of RMB362,353,200.00. The proposed distribution of annual dividend is subject to the approval of the Shareholders during the annual general meeting of 2019 to be held by the Company and is expected to be distributed no later than July 30, 2020.

Looking forward to 2020, the Group will pay close attention to the domestic and international economic conditions and continue to adhere to the principle of serving real economy with financial services, and proactively embrace challenges. While tamping the foundation of superior business, the Group will grasp new opportunities and identify demands of its customers for further development and adequately allocate resources. The Group will further consolidate its leading position and competitiveness and improve its high quality sustainable development.

About Haitong UniTrust International Leasing Co., Ltd.

Haitong UniTrust International Leasing Co., Ltd. is a large and steadily growing financial leasing company in China. As the sole leasing platform and one of the key strategic segments of Haitong Securities, a leading securities firm in China, the Company offers customer oriented and comprehensive financial services to a diverse group of customers across various industries by leveraging the investment banking expertise of the senior management of the Company. The Company strives to become a financial leasing company that leads industry innovation with the characteristics of capital market. The Group has been adhering to its role as a financial service provider of the real economy and has been grasping favorable opportunities arising from the major transformation of economy of China. The Group has also pursued the operating strategies of “cross-border thinking, promoting innovative development, strengthening its capacity and grasping business opportunities”. Based on its customer strategy of maintaining a balanced customer base, the Group has provided tailored services to a wide range of customers, including large- and medium-sized enterprises, micro- and small-sized enterprises and retail customers. The Company has continued to provide comprehensive financial services to customers in transportation & logistics, industrial sector, infrastructure, construction & real estate, health care and other industries by implementing the best practices of investment banking and strengthening the collaboration with its parent company, financial institutions and industry alliance partners. The Company has formed a competitive advantage with unique securities firm characteristics, including coordinated allocation of resources and assets and balanced growth of business scale and income.