HomeAbout RZCompany Profile
We are a leading finance leasing company in Hubei Province with the longest operating history among Hubei-based finance leasing companies. According to Euromonitor International, as at December 31, 2014, we were ranked first with total assets worth RMB1.73 billion. Since our establishment in 2008, we have focused and continue to focus on the financing needs of SMEs in Wuhan We are positioned to take advantage of the opportunities created by the PRC Government's plan to develop Middle China. As Wuhan and Hubei Province are the regional hub of Middle China, we believe a lot of focus and resources will be on the development and advancement of the businesses and industries located in Hubei Province. With our established reputation and years of experience working with SMEs in Hubei Province, we believe the future development of Middle China will provide us with many potential business opportunities.
Over the years we have developed knowledge and experience in meeting the financing needs of certain key industries in Hubei Province, including laser processing, plastics, industrial processing, textile and garments and hotel and leisure. SMEs in these key industries have had continuous financing needs unmet by traditional sources of financing. We expect that these industries will continue to have demand for finance leases. In addition, under the current economic environment, we believe the transportation (cars and aircraft), medical device and education device industries have growth potential and have been actively taking steps to enter into these industries.
Despite the recent slow-down of the PRC economy in general, we have been able to continue to maintain our revenues. We anticipated this slow-down and made the strategic decision to focus on developing our existing customers and making improvements to our risk management capabilities. In 2014, we employed a prudent and conservative strategy and did not actively pursue the expansion of our customer base. Nevertheless, we did continue to sign new finance leases contracts, including renewal of leases with our existing customers. As a result, we were able to maintain growth in our finance lease receivables portfolio and recorded a small increase in revenues from the year ended March 31, 2014 to the year ended March 31, 2015.