SAINT ANGELO(SZ:002154)2022-12-08 02:02Group 1: Company Overview and Strategy - Zhejiang Baoxiniar Garment Co., Ltd. aims to transform into a successful company in the traditional industry while seizing opportunities in emerging industries [3] - The company plans to establish internet finance as its second main business, leveraging the growth potential in this sector [4][10] - The financial services industry in China currently accounts for only 20-30% of the national economy, indicating significant growth potential compared to the 60-70% in the U.S. [10] Group 2: Internet Finance Development - Wenzhou Dai, launched on February 24, 2012, achieved peak performance in 2013, ranking among the top ten in the P2P industry [4] - Pocket Finance, a mobile financial platform, aims to become the largest in Shanghai, with transaction volume surpassing 1 billion within just over 50 days of launch [5] - The company has a target of reaching 800 million in transaction volume, showcasing rapid growth in the mobile finance sector [5] Group 3: Market Position and Competition - Wenzhou Dai ranks among the top three in Zhejiang province and top ten nationally in terms of transaction volume and brand recognition [13] - Pocket Finance has quickly become the largest mobile finance platform in Shanghai, indicating strong competitive positioning [13] - The P2P industry faces talent shortages, emphasizing the need for skilled professionals to drive growth [7] Group 4: Future Investments and Collaborations - Baoxiniar plans to invest 200 million in venture capital over the next two years, with potential for exceeding this amount [8] - The company is exploring strategic collaborations with internet finance platforms to enhance its service offerings [12] - Future investments will focus on companies with unique characteristics and potential for synergy, particularly in the internet finance sector [13]