Hello Solar Know-how (China) Restricted
(Included in Bermuda with restricted legal responsibility)
| [Press Release] | 22 March 2023 |
Adjusted Web Revenue Will increase 8% to HK$694.8 Million
Gradual Enchancment in Profitability and Vital Progress in Digital Enterprise
Outcomes Highlights
- In 2022, the regional unfold of the COVID-19 pandemic had an influence on China’s financial operations and residents’ lives, and in addition put strain on the Group’s enterprise operations and enlargement. The general income decreased as in contrast with the identical interval of final yr, however the total profitability elevated year-on-year;
- The Group accomplished the renewal of the “Fee Licenses” throughout the Yr, that are legitimate for five years till 27 June, 2027;
- Through the Yr, the Group achieved a 74% improve in digital fee transactions and entered into strategic cooperation agreements with numerous banks, telecommunication operators, China Publish and different organisations to collectively present retailers with a full vary of fee companies. When it comes to digital service enterprise, by leveraging the open PaaS platform, the Group has gained connection to numerous Impartial Software program Distributors (“ISVs”), providing numerous built-in business digital options. On the identical time, the Group makes use of data-driven and algorithm-driven useful modules to assist retailers handle all the cycle of commodity circulation intelligently. By the top of 2022, the Group’s digital merchandise has served greater than 1.17 million retailers;
- When it comes to cross-border fee enterprise, the Group continued to construct a worldwide abroad fee community, concentrating on abroad mainstream e-commerce platforms, with month-to-month transaction quantity exceeding US $100 million;
- Suixin Cloud Chain and Financing Providers of Industrial Payments, the 2 main platforms beneath Fintech Providers, present funding help to many micro, small and medium-sized enterprises (“SMEs”) to develop their manufacturing operations and scale back their financing prices. As of December 31, 2022, the quantity of funds raised by our shoppers via payments approximated RMB10 billion. The Group additionally gained direct entry to major market capital via asset securitisation. As of the top of 2022, the Group efficiently issued three tranches of asset-backed securities (“ABS”) with a complete difficulty quantity of RMB 974,000,000.
Monetary Highlights
[22 March 2023, Hong Kong] Hello Solar Know-how (China) Restricted (the “Firm”; Inventory code: 818.HK), a number one fee and digital companies & finance options supplier in China, introduced the audited consolidated outcomes of the Firm and its subsidiaries (the “Group”) for the twelve months ended 31 December 2022 (the “Yr”).
In 2022, the regional unfold of the COVID-19 pandemic exerted better strain on China’s financial system and in addition affected the Group’s enterprise operation and enlargement. The general income decreased as in contrast with the identical interval of final yr, however the profitability elevated year-on-year. Through the Yr, the Group’s consolidated income was HK$3,432.7 million, representing a lower of 18% in contrast with HK$4,182.7 million for a similar interval final yr; Segmental EBITDA amounted to HK$640.0 million. Adjusted internet revenue was HK$694.8 million, a rise of 8% from HK$642.3 million for a similar interval final yr.
Enterprise Overview
Vital Progress in Digital Fee Transactions, Selling the Clever Transformation of Retailers in All Elements
Through the Yr, within the face of the extra acute outbreak of COVID-19, the Group actively promoted the digital replace and iteration of expertise, merchandise and administration, and achieved a 74% improve in digital fee transactions. In the meantime, the Group entered into strategic cooperation agreements with numerous banks, telecommunication operators, China Publish and different establishments throughout the Yr to collectively present retailers with a full vary of fee companies. The Group expects that with the optimisation of epidemic management measures, home consumption will usher in an explosive progress in 2023, which is predicted to drive fast progress in service provider transactions.
When it comes to cross-border fee enterprise, the Group continued to attach with abroad mainstream e-commerce platforms, constructed a worldwide abroad fee community, and offered export enterprises with one-stop cross-border capital companies resembling cross-border fee assortment, international fee company and international trade administration, overlaying Hong Kong, america, Europe, Japan, Singapore and different international locations and areas. By the top of 2022, the month-to-month transaction quantity of the Group’s cross-border fee enterprise exceeded US$100 million. With the additional strengthening of China’s provide chain benefits, the expansion of export commerce will carry higher market alternatives for cross-border fee enterprise.
When it comes to digital service enterprise, by leveraging the Group’s open PaaS platform, along with the well-established fee enterprise, the Group has efficiently gained connection to numerous Impartial Software program Distributors (“ISVs”) and supplied numerous built-in business digital options, together with retail, lodges, gasoline stations, college canteens, model chains, scenic spots, and so on., serving greater than 1.17 million retailers. The Group’s sensible decision-making merchandise present clever administration of all the cycle of commodity circulation, concentrating on and offering retail retailers resembling offline chain supermarkets, comfort shops and contemporary meals shops with digital options for the retail business that combine 4 useful modules together with “operation standing analysis”, “sensible provide chain”, “commodity class administration” and “on-site AI administration” to comprehensively enhance the operational effectivity of retailers. As well as, the Group targeted on the digital transformation of conventional moist markets, to help within the sensible transformation of farmers’ markets, present market managers, retailers and shoppers with sensible options that combine administration, advertising and marketing, and consumer expertise to create a digital ecosystem for moist markets.
Through the Yr, the Group accomplished the renewal of the “Fee Enterprise Allow” for a time period of 5 years till 27 June 2027.
Constructing a Digital and Clever Provide Chain Monetary Service Ecosystem Platform to Resolve the Financing Difficulties of SMEs
Suixin Cloud Chain and Financing Providers of Industrial Payments, the 2 main platforms beneath Fintech Providers Section, are primarily based on blockchain expertise, offering varied monetary expertise companies and merchandise resembling Suixin, Suirong, Fast Financing of Industrial Payments and Fast Discounting of Financial institution Payments. The platform is dedicated to offering high-quality and environment friendly monetary merchandise to manufacturing SMEs within the upstream and downstream of the economic chain of state-owned enterprises and central enterprises, fixing the issues of inauspicious, costly and gradual financing for SMEs. Through the Yr, segmental working revenue of Fintech Providers is HK$14.8 million, a rise of 18% as in contrast with the identical interval final yr.
Supply of funds: the 2 platforms are linked to numerous monetary establishments together with banks, trusts and factoring firms to offer funding help for a lot of SMEs via the platform. As of 31 December, 2022, the quantity of funds raised by our shoppers via payments approximated RMB10 billion and enterprise quantity continued to develop. On the identical time, the Group additionally gained direct entry to major market capital via asset securitisation, offering extra capital safety for enterprises. As of the top of 2022, the Group had efficiently issued three tranches of ABS with a complete difficulty quantity of RMB974,000,000.
With the complete leisure of the epidemic prevention and management in China, the nation continues to strengthen its macro-control efforts, and the general financial restoration is constructive. The Group can also be optimistic concerning the improvement of market enterprise. Trying ahead, the Group will proceed to develop its in-depth cooperation with monetary establishments and combine asset securitization enterprise to offer environment friendly and low-cost monetary companies to enterprises. In the meantime, via the Group’s steady means of constructing the infrastructure for provide chain payments, enterprises can difficulty industrial payments and financial institution payments on our platform, and invoicing enterprises and their suppliers can realise the complete lifecycle of payments on our platform, together with invoice opening, endorsement, invoice splitting, assure, pledge, discounting, encashment., and to proceed to build up credit score.
Enterprise Enlargement and Innovation of Different Enterprise Segments
Platform operation options: throughout the Yr, the enterprise scale remained steady, and the Group continued to offer product expertise companies and enterprise operation help companies to China Cellular Monetary Know-how Co., Ltd., our main buyer, and our companies have been recognised by our clients. Additionally, the Group launched new merchandise within the areas of micro-services platform, container cloud platform and enterprise advertising and marketing instruments and continued to extend funding in analysis and improvement. In the meantime, the Group continued to develop enterprise to industries and clients exterior of telecoms operators, in order to develop extra income in new markets along with stabilizing the prevailing income scale.
Monetary options: In Mainland China, Beijing Hello Solar Superior Enterprise Options Data Know-how Restricted continued to offer banking system operation and upkeep help companies to its clients and made some breakthroughs within the fields of IT software innovation, fee and wealth administration. Within the discipline of IT software innovation, the Group is the primary within the business to suggest three main downshifting methods and 9 downshifting strategies to facilitate the migration and improve of the enterprise system of financial institution clients. Within the fee discipline, the Group has initiated the analysis and improvement of enterprise programs resembling FPS, ISO 20022 Swift reporting normal improve, and cross-border clearing, and has obtained buy orders from clients successively. In the meantime, the Group builds a complete wealth administration system, and is at the moment cooperating with numerous financial institution clients. When it comes to abroad monetary IT service alternatives, Hello Solar FinTech International actively carried out market enlargement and analysis and improvement of latest merchandise and new applied sciences and has arrange abroad consultant workplaces in Laos and Cambodia to reinforce native technical service capabilities. In the meantime, the Group signed contracts with eight new clients throughout the Yr and achieved enterprise breakthroughs in new markets resembling Thailand and Vanuatu. The Group’s newly developed decentralised and micro-service core system has achieved sure outcomes and was put into manufacturing in a digital financial institution throughout the Yr; and the Group’s newly developed e-purse fee product was awarded a contract
The Group commented, “Within the post-pandemic period, the aggressive panorama of assorted industries is reshaping and subverting, and the method of digitalisation is in full swing. As a digital answer supplier that has been deeply engaged for a few years, the Group will proceed to concentrate on technological innovation and industrial ecological capabilities, open up extra full platform capabilities, collect platform companions to construct a digital ecosystem, assist SMEs enhance operational effectivity, and create better worth and returns for shareholders, clients and the society.”
1. EBITDA is calculated by excluding curiosity expense, taxes, depreciation, amortisation, write off of property, plant and tools and truthful worth (losses)/ positive factors on monetary belongings at FVPL from segmental working revenue/(loss).
2. Excluding truthful worth (losses)/positive factors on monetary belongings at FVPL, positive factors on disposals of subsidiaries and positive factors on deemed disposals of related firms.
About Hello Solar Know-how (China) Restricted
Hello Solar Know-how (China) Restricted (“Hello Solar Tech”, inventory code: 818.HK) is a number one built-in options supplier of funds, finance, and telecommunications in China. Hello Solar Tech is principally engaged within the provision of fee and digital companies, fintech companies, platform operation options and monetary options.
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