FMCG
We started to provide our finance leasing services to the FMCG industry in 2013. Our leased equipment includes bakery equipment, food and beverage packing equipment as well food production equipment. We believe that the improved consumer and dining habits in the PRC due to increasing disposable income and urbanisation rate, deeper penetration of online retail distribution channels, and quick expansion of the logistics industry, have contributed to the stable growth of the FMCG industry in the PRC.
Electronics
We undertook our first finance leasing project in 2013, which involved a customer in the electronics industry. We provide financial leasing services to manufacturers of consumer electronics in the PRC. Our leased electronics equipment includes computer-controlled cutting machines and semi-conductor equipment. We believe that the rapid growth in demand for consumer electronics products, such as smartphones and home appliances, increasing launches of new products due to rapid technological developments, and increasing need for SMEs to upgrade their electronics equipment, have supported the growth of the electronics industry in the PRC.
Medical
We entered the medical industry in 2014 for our finance leasing business. We provide finance leasing services primarily to private hospitals in the PRC. Our medical equipment includes computerised tomography scan equipment, magnetic resonance imaging equipment and dialysis equipment. The medical equipment finance leasing industry is a promising downstream industry for finance leasing in the PRC because the aging population and growing number of private medical institutions, coupled with the government’s support of actively encouraging Public-Private-Partnership systems between local government and private capital in the medical industry, are likely to drive the demand for healthcare equipment.
Alternative Energy
We began to provide our finance leasing services to the alternative energy industry in 2013. Our leased equipment includes equipment for the manufacturing of lithium batteries and photovoltaic systems. We believe that the PRC government’s supportive policies such as the provision of a large amount of subsidies for the alternative energy industry, the urgent need to reduce air pollution and to conserve conventional energy resources, and the relatively low penetration rate of alternative energy plants in the PRC compared to developed countries, will continue as the key market drivers of the alternative energy industry in the PRC.
Transportation
We started the provision of finance leasing services to the transportation industry in 2013. Our leased equipment includes equipment
for manufacturing car components. The car manufacturing industry in the PRC is expected to be driven by the increasing income level and growing consumption of private cars in the PRC over the next few years. We believe that the market drivers for the transportation industry in the PRC mainly include the rapid pace of urbanisation, and the government’s support for the development of domestically-manufactured green vehicles, and the increasing number of mergers and acquisitions between domestic and foreign automobile manufacturing companies.