Juntron Leasing was established in November 2015, is a wholly owned subsidiary of Legend Holdings Corporation. Juntron Leasing's main placement areas are concentrated in the medical and health and advanced manufacturing industries; Juntron Leasing 2016-2018, the main operating income showed an increasing trend, and the leasing business is developing rapidly. Up to now, the company *** issued five asset-backed securities, with a total issuance amount of nearly 6 billion yuan.
01 | Company Profile
Juntron International Finance Leasing Co., Ltd (hereinafter referred to as "Juntron Leasing") was established in November 2015, is a wholly-owned subsidiary of Legend Holdings Limited, headquartered in Shanghai, mainly serving medical services, advanced manufacturing, energy saving and environmental protection, agriculture and animal husbandry, cold chain logistics, electronic information, food, food and beverage, food and beverage, food and beverage, food and beverage, food and beverage, cold chain logistics, electronic information, and other industries. food, cold chain logistics, electronic information, public **** services and many other fields representing the new growth point of China's economy. The current registered capital is 1.906 billion yuan.
The shareholders of Junchuang Leasing are Junchuang Financial Group Co., Ltd. and Legend Holdings Limited, which is the indirect actual controller of Junchuang Leasing.
02 | Business concentrated in the medical industry
As of the first quarter of 2018, the main placement areas of Junchuang Leasing are concentrated in the medical and health, public **** services and advanced manufacturing industries.In the first quarter of 2018, Junchuang Leasing's placement industry is mainly concentrated in the medical and health industry, with 57 placements of **** 574 million yuan, accounting for 36.21% of the total amount of lending. In 2017, Juntron Leasing's placement industry was mainly concentrated in the medical and health industry and advanced manufacturing industry, with the medical and health industry placing the largest number of projects and the advanced manufacturing industry placing the largest number of amounts.
Source: 2018 Junchuang Leasing Asset-Backed Notes Prospectus.
As of the end of the first quarter of 2018, Juntron Leasing has invested in projects covering most regions in China, with customers including state-owned enterprises, A-share listed companies, IPO queuing companies, industry or regional monopoly leading companies and well-known PE investment companies, mainly in East China, Central and South China (Central and South China), Southwest and North China.
As of the end of the first quarter of 2018, most of the finance lease receivables of Junchuang Leasing were in the normal category, and only a small portion of them were in the subclass of assets, which accounted for 1.37% of the subclass of assets, which was at a controllable level.
03 | Performance Steady Development
At present, the company mainly through the equipment-based financing and leasing services, tailor-made financing solutions for customers, provide customers with financing and leasing services as well as industry analysis, analysis of equipment operations, management consulting and financial consulting services, and collect the corresponding service fees; the main modes of financing business carried out are direct leasing, sale and leaseback, etc.
The main modes of financing business are direct leasing and sale-and-leaseback.
The main business revenue of Junchuang Leasing is finance leasing revenue and service revenue. Junchuang Leasing 2016-2018, the main operating income showed an increasing trend, the rapid development of the leasing business, the annual operating income growth rate of more than 100% in 2017. Although the gross profit margin has been decreasing year by year, the total net profit is on the rise, and at the end of 2016-2017 and the first quarter of 2018, the net profit of 80,994,900 yuan, 179,869,100 yuan and 66,785,900 yuan were realized respectively. The gearing ratio has also been maintained at a relatively stable level.