FTC 5.56% 1.7¢ fintech chain limited

Funny how you can read something and then re-read it later and...

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    Funny how you can read something and then re-read it later and find new meaning.

    In the receipts from customers section, the word increase is used.

    Regarding the 5.0M hardware increase, you can approximate this increase fairly closely. The Q1 stated 5.3M inflows in hardware. The half year stated 11.4M. So Q2 must have been ~6.1M. Therefore for Q3, an increase of 5.0M from 6.1M must have been ~11.1M.

    The more interesting item is an increase of 4M in marketing and promotion (MP). Up until now, MP has seemed like a 'filler', listed in the company blurb between the main cloud service product and the hardware supply. Both of these have been substantial contributors for the company while MP produced a whole 53K for the full year 2021. There was no mention of MP in either Q1 or Q2 however the HY report recognised 2.23M in revenue, a substantial increase from the previous FY 53K. Q3 now states an increase of 4M so if you split the HY, you get a rough estimate of 5.1M and suddenly a rapidly growing contributor for the company.

    The first item reports 5.9M from Shanxi province, probably the highest revenue out of all the individual provinces, can't see any other reason it would get individually named. If you add up all these approximations, 11.1M hardware + 5.1M MP + 1M olympics +1M log dated recievables + 5.9M Shanxi = 24.1M you could possibly assume the other 10.8M came from other provinces but who really knows.

    In other news, we appear to have had a win with Heng Feng bank with their Hengfeng Bank All-in-One Card Shortlisted Procurement Project Winning Announcement according to https://www.dlzb.com/c-788692/. Heng Feng is one of the 12 national joint-equity commercial banks in China, many of which we already provide services for. Nice to see continued contract wins. As always, more information would be nice.

    GLTAH

 
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