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Organization and principal activities (Tables)
12 Months Ended
Dec. 31, 2021
Details Of Subsidiaries And Variable Interest Entity

Subsidiary

 

Place of incorporation

 

Particular of

issued and fully

paid up capital

 

 

Company’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 Holding Limited.

 

PRC

 

$3,000,000

 

 

 

100%

 

 

-

 

 

 

100%

 

Investment holding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variable interest entity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hubei Chutian Microfinance Co., Ltd

 

PRC

 

RMB450,000,000

 

 

 

80%

 

 

-

 

 

 

80%

 

Microfinance lender

 
Schedule Of Accompanying Consolidated Financial

 

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

 

RMB’000

 

 

RMB’000

 

Total current assets

 

 

663,089

 

 

 

556,377

 

Total non-current assets

 

 

45,159

 

 

 

42,185

 

Total assets

 

 

708,248

 

 

 

598,562

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 

 

261,944

 

 

 

280,259

 

Total liabilities

 

 

261,944

 

 

 

280,259

 

 

 

 

 

 

 

 

For the year ended December 31,

 

 

 

2019

 

 

2020

 

 

2021

 

 

 

RMB’000

 

 

RMB’000

 

 

RMB’000

 

Interest income on loans

 

 

118,396

 

 

 

105,570

 

 

 

20,627

 

Net profit/(loss)

 

 

58,616

 

 

 

19,854

 

 

 

(128,072 )