Yunfeng Financial Group Ltd 2017 AR2
The report highlights Yunfeng Financial Group's business developments and financial performance for the year 2017. During the year, the company continued to improve its financial technology business, launching new versions of its 'Youyu Stock' and 'Youyu Wealth' mobile applications. It also established its presence in the insurance industry through the conditional acquisition of a 60% stake in MassMutual Asia Limited. The group expanded its wealth management business with the launch of three offline fund products, raising over HKD 1 billion. Financially, the group reported a revenue of HKD 21.1 million and a loss of HKD 379 million, primarily due to increased staff costs, share award amortizations, and acquisition-related professional fees.
Company: Yunfeng Financial Group Ltd
Sector: Financials
Country: Hong Kong
Year: 2017
Type: AR2
Pages: 211
Yunfeng Financial Group Ltd
Annual Report
The report highlights Yunfeng Financial Group's business developments and financial performance for the year 2017. During the year, the company continued to improve its financial technology business, launching new versions of its 'Youyu Stock' and 'Youyu Wealth' mobile applications. It also established its presence in the insurance industry through the conditional acquisition of a 60% stake in MassMutual Asia Limited. The group expanded its wealth management business with the launch of three offline fund products, raising over HKD 1 billion. Financially, the group reported a revenue of HKD 21.1 million and a loss of HKD 379 million, primarily due to increased staff costs, share award amortizations, and acquisition-related professional fees.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English, Chinese
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women in Management
Workplace Fatalities
Employees