Flying Financial Reports Record Interim Results 2016; Revenue Increased by 388.4% to RMB 144.6 Million

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Monday, 15 August 2016, 11:50 HKT/SGT

HONG KONG, Aug 15, 2016 - (ACN Newswire) - Flying Financial Service Holdings Limited (Stock Code: 8030.HK) ([Flying Financial]or[Company] and its subsidiary companies called [Group]) was pleased to announce the unaudited condensed consolidated results of the Group for the six months ended 30 June 2016 ( the "Reporting period" ). In the reporting period, the Company's performance recorded new high.

In the reporting period, due to the contributions of the investment in property development projects, operation of financial platform and increase in financial consultation service income, the Group's revenue increased by approximately 388.4% from approximately RMB 29.6 million for the corresponding period ended 30 June 2015 to approximately RMB 144.6 million. the Group's revenue from provision of financial consultation services increased by approximately 90.7% from RMB 28.2 million for the corresponding period in 2015 to approximately RMB 53.8 million. The Group's revenue from financial consultation service mainly related to the property development projects and financial services platform. The Group's revenue increased from investment income from the property development projects and platform services provided by the financial services platforms reached approximately RMB 70.2 million and RMB 16.1 million respectively, compared to nil in the corresponding period in 2015.

Encouraging results were achieved by virtue of the efforts spent by the management and the Group's staff during the first half of 2016. To share the fruits of the Company's development with shareholders, the Board has resolved to declare and pay to the shareholders of the Company an interim dividend of HK$ 1 cent per Share. On the basis that the Group's future results shall enjoy steady growth, it is hoped that the Company can continue to distribute returns to shareholders who support the Company continuously by way of payment of dividends.

In the first half 2016, the Group improved in various aspects of its financial services in real estate industry. Financial services are required in almost every aspect of the industry chain of real estate business, from financial land auction, construction and sales of properties for real estate developers, to purchase of properties by buyer followed by interior properties construction work, expense on necessities in the community and further investment demands. Both real estate developers and property buyers can use various real estate financial services designed and provided by the Group to unlock the bottlenecks along the industry chain, which provide more opportunities for the Group's future development.

In addition, the Group maintains its effort in the research and development of Internet finance, prepares shareholding investment strategies and applies for relevant certificates and licenses of Internet finance independently. The Group intends to establish a financial services chain emphasizing the real estate industry and connecting all business types and product modes of the industry. The Group is also looking forward to opportunities to cooperate with other leading-edged enterprises and actively exploring appropriate cooperation modes with different parties including real estate developers, fiduciary institutions, securities institutions, futures institutions, fund institutions and banks in order to develop the marketing channels and realize appropriate configuration of resources, therefore these will bring new growth points for company revenue.

Mr. Zheng Weijing, the CEO and chairman of the Company, "In the future, the Group will keep insisting its active and stable sustainable development strategy. With constant exploration and innovation, the Group manages to positively respond to the governmental policies and changes of market environment and establish a comprehensive internal control system for appropriate risk prevention and healthy development. The Group has faith in every employee and expect surprising results through their devotion and progress."

About Flying Financial Service Holdings Limited
Flying Financial was listed in Hong Kong Growth Enterprise Markets. Over years' resource accumulation, the company business covered internet financing, financial consultation, real estate fund, finance lease and pawn loans (short-term financing). Currently, the Company put a great effort in providing financial services for the whole chain of real estate industry through launching financial services and products and setting up a platform covering the entire industrial chain. We also provide our enterprises/ individual clients of financing business and investors with convenient one-stop financial services with our leading model of [Internet + Finance + Real Estate].

Topic: Press release summary Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network