Amarsoft(SZ:300380)2022-12-08 08:46Group 1: Investor Relations Activities - The investor relations activity involved a meeting with various financial institutions and analysts to discuss company strategies and developments [2][3]. Group 2: Establishment of Interlink Microfinance - The establishment of Interlink Microfinance aims to support the development of small and micro enterprises, addressing challenges faced by commercial banks in this sector [3][4]. - The partnership includes Shanghai Guwen Investment Management, which provides consulting services to enhance small loan business efficiency, targeting a non-performing loan rate below 1% [3][4]. Group 3: Business Model and Revenue Generation - The actual loan interest rates for small and micro enterprises range from 13% to 18%, with the company aiming to bridge the gap between these rates and the banks' lending costs (7%-9%) [4][5]. - The revenue model relies on the difference between the interest charged to small enterprises and the banks' costs, with a requirement for a security deposit to cover potential bad debts [4][5]. Group 4: Market Competition and Risks - The company acknowledges competition from internet finance and micro-lending companies, emphasizing that complete market monopoly is rare [5]. - Risks include potential service termination by bank clients or in-house management of outsourced services, which could impact the joint venture [5]. Group 5: Credit Business Development - The company is currently developing its credit business, focusing on testing and preparing for market launch, with a small team engaged in this effort [6][7]. - The company has access to valuable data sources for credit assessment, enhancing its competitive edge in the market [6]. Group 6: Software and Cloud Services Growth - The growth in software services is attributed to a significant increase in non-financial clients, aligning with the rapid growth of internet finance [7][8]. - The company has several dozen clients for its micro-lending cloud services, with plans to collaborate with local regulatory bodies for broader market penetration [8][9]. Group 7: Employee Growth and Company Size - The company plans to hire 200-300 new employees annually based on business needs, with a total workforce of approximately 1,500 after the recent recruitment [9].