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Profile
From SEC filingsCompany description
We are a leading home equity loan service provider in China. We, through our operating subsidiaries in China, conduct business by connecting demands and supplies through collaborating with sales partners and trust companies as well as commercial banks. Our sales partners are responsible for recommending micro- and small-enterprise (“MSE”) owners with financing needs to us and we introduce eligible borrowers to licensed financial institutions with sufficient funding sources including trust companies and commercial banks who will then conduct their own risk assessments and make credit decisions. We have established a national network of 37 branches and sub-branches in over 30 cities in China. In 2023, 2024 and 2025, we originated home equity loans with an aggregate principal amount of RMB17.3 billion, RMB9.8 billion and RMB1.6 billion, representing a decrease of 43.4% and 83.6% as compared to 2023 and 2024, respectively. Our primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 and other major cities in China. We originated home equity loans for 23,910, 12,912 and 2,688 (including 211 under the commercial bank partnership model) borrowers in 2023, 2024 and 2025, respectively. These MSE owners typically have quick cash flow turnover from their business operations with high demand for working capital. Their financing needs are often unpredictable, time-sensitive and frequent. We believe our target borrowers are underserved by traditional financial institutions due to various reasons.
Read the full filing description · filed 30 Apr 2026
At a glance
- Sector
- Financial Services
- Industry
- Finance Services
Source: SEC filings. Information and analytics, not investment advice.