CHINA HUIRONG FINANCIAL HOLDINGS LIMITED
Climate Impact & Sustainability Data (2015)
Reporting Period: 2015
Environmental Metrics
Social Achievements
- Increased number of full-time employees from 112 to 126.
Governance Achievements
- Established an audit committee, remuneration committee, nomination committee, and internet finance business committee.
Climate Goals & Targets
Environmental Challenges
- Sluggish growth in the PRC economy due to global economic downturn and industrial transformation pressures.
- Fluctuations in the Suzhou real estate market impacting operations.
- Decline in loan yield to 22.2% from 30.0% in 2014.
- Increased impairment allowance to reflect changes in market environment.
Mitigation Strategies
- Established strategies, platforms, and improved management standards to promote diversified and professional business development.
- Established two branch pawnshops in Nanjing and Nantong.
- Launched an internet financial service platform, Suzhou Qian Dai.
- Acquired a small loan company to expand customer base and business portfolio.
- Established relevant functional departments to develop into a comprehensive financing service provider.
- Lowered financing costs for customers to maintain market competitiveness.