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Organization and principal activities (Tables)
12 Months Ended
Dec. 31, 2019
Details of subsidiaries and variable interest entity

Subsidiary

 

Place of incorporation

 

Particular

of issued and

fully paid

up capital

 

 

Group’s

effective

interest

 

 

Held by the

Company

 

 

Held by a

subsidiary

 

 

Principal

activities

 

True Silver Limited

 

British Virgin Islands

 

$

50,000

 

 

 

100

%

 

 

100

%

 

 

-

 

 

Investment holding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chutian Financial Holdings (Hong Kong) Limited

 

Hong Kong

 

HK$

10,000

 

 

 

100

%

 

 

-

 

 

 

100

%

 

Investment holding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wuhan Chutian Investment Holdings Co. Ltd

 

PRC

 

$

3,000,000

 

 

 

100

%

 

 

-

 

 

 

100

%

 

Investment holding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable interest entity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hubei Chutian Microfinance Co., Ltd

 

PRC

 

RMB

450,000,000

 

 

 

80

%

 

 

-

 

 

 

80

%

 

Microfinance lenders

 

Schedule of accompanying consolidated financial

 

 

 

 

As of December 31,

 

 

 

 

 

2018

 

 

2019

 

 

 

 

 

RMB’000

 

 

RMB’000

 

 

 

 

 

 

 

 

 

 

 

Total current assets

 

 

 

 

 

599,931

 

 

 

615,611

 

Total non-current assets

 

 

 

 

 

50,833

 

 

 

48,137

 

Total assets

 

 

 

 

 

650,764

 

 

 

663,748

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 

 

 

 

 

274,316

 

 

 

237,587

 

Total liabilities

 

 

 

 

 

274,316

 

 

 

237,587

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended December 31,

 

 

 

2017

 

 

2018

 

 

2019

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

Interest income on loans

 

 

119,639

 

 

 

141,857

 

 

 

118,396

 

Net profit

 

 

28,826

 

 

 

8,155

 

 

 

58,616