Annual Report 2021 - Interesting Read - Framework for Future Directions
Now profitable Chinese Fintech, Providing software and hardware payment solutions for Merchants, Banks and Individuals. Compatible Integration with Chinese Digital Currency. Adhering fully to PCAC (Payment Clearing Association of China) and laws and regulations for fintechs, digital currency and future BNPL services.
Currently in pilot testing phase for BNPL product.
Key Points:
1) 11.2 M AUD Revenue
2) 5.7 M AUD Gross Profit
3) 2.0 M AUD Net Profit
207.4% Income increase on FY 20 despite COVID and difficult conditions of operation in China.
New partnership with Tencent - Jointly launching financial cloud based service solutions which will accelerate the use of T-Linx platform and accelerate exposure to more banks, corporates, manufacturers and SMEs.
BNPL - FTC will launch BNPL service later in the year in Mainland China. Currently in pilot testing. Technical service fee of 0.5%-1% of gross transaction.
Impressive direction and plan for this now profitable Chinese fintech. Excited for more details of BNPL offering in China and further adoption of T-Linx system.
Interested in others ideas in this little know and poorly covered stock. Certainly looks like a very very bright future.
