受付番号

9999999999

号〒107-8680
東京都港区南青山２－５－２０
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Business Credit Report

SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO., LTD.
上海大隆智恒科技发展有限公司

Your Enquiry:

Shanghai Dalong Zhiheng
Development Co., Ltd.
Date of Enquiry: Jul. 07, 2019
Report Type:
Business Credit Report
Type of Enquiry: Normal
Date of Delivery: Jul. 11, 2019Technology

INVESTIGATION NOTESThe given contact person “SUN Lili” proves to be the Director of Subject’s Sales Department.

1 / 19

PROFILE
Subject Name:SBD NO.:
Unified Social
Credit Code:
N.O.C.:Tax File No.:

Address:

Zip Code:
Telephone:
Facsimile:
Website:SUMMARYSHANGHAI DALONG ZHIHENG Establishment Date: May 18, 1997
TECHNOLOGY DEVELOPMENT
Legal Status:
Limited liability company
CO., LTD.
Organization
Type:
Corporate enterprise(Given by Official Sources)
Debt Issued or Not: No
Listed or Not:
No0243320517
Layers of3
Shareholding:
91310101723456868E
External Investment Yes
or Not:723456868
Legal Rep.:
WANG Tao
310100723456868
Availability of Main Yes
Executive
Background:
Suite B, 24/F, 88 Hengshan Rd.
Registered Capital: 10,000,000
Xuhui District
Sales:
1,703,326,000 (2018)
Shanghai CityNet Profit:
16,722,000 (2018)
Total Assets:
639,145,000 (Dec. 31, 2018)
Net Worth:
128,147,000 (Dec. 31, 2018)
200009
Employees:
60(+86 21) 61238888
I/E License:
Yes(+86 21) 61238800
Litigation Records: Yes
http://www.dlzh.com.cn
Credit Records:
Yes
Public Records:
Yes
Taxpayer
Yes
Creditworthiness
Record:Mortgage/Pledge
Yes
Details:
Currency in this report is Chinese Yuan (RMB) unlessotherwise stated. "--" in this report indicates"unavailable" or "no comments" due to insufficient
information.

CREDIT ASSESSMENT
Major Indicators
Business Size:
Company Background:
Financial Position:
Industry Outlook:
Credit Rating:Base Credit Limit:

RATING DISTRIBUTION IN EXPERIAN DATABASE
Score
87
68
61
73
71

Rating
Large
Fairly Strong
Fairly Strong
Fairly Strong
CR3
9,000,000

2 / 19

MAIN BUSINESS & INDUSTRY CLASSIFICATION
Main Business:
Chinese SIC:
ISIC:
NACE:

Wholesale and retail of computer equipment
5170,Wholesale of mechanical equipment, hardware, electrical and electronic
products
4650,Wholesale of machinery, equipment and supplies
46.5,Wholesale of information and communication equipment

More information about Subject's lines of business can be found in OPERATIONSFINANCIAL SUMMARY
2018
1,703,326,000
22,806,000
16,722,000
639,145,000
510,998,000
128,147,000
13.05
0.98
2.67
79.95
15.98
27.75

Sales
Total profit
Net profit
Total assets
Total liabilities
Total shareholders' equity
Return on net assets (%)
Net profit margin (%)
Turnover of total assets
Liabilities/assets ratio (%)
Sales growth (%)
Total assets growth (%)

2017
1,468,603,000
36,786,000
27,357,000
500,319,000
371,902,000
128,417,000
21.30
1.86
2.94
74.33
---

IMPORTANT EVENTSCOVID-19 Impacts Assessment:
Impact on the Industry: Low
Impact on the Region: Medium
Utilization Rate: 80%-100%
Overall Impacts Assessment: Low
Subject was awarded the bid for the computer system maintenance project of Shanghai Municipal Commissionof Economy and Informatization in Apr. 2018 and the accepted contract amount was RMB12,450,000.
GENERAL COMMENTS
With a 20-year history, Subject has already built robust sales pipelines in East China and is somewhat
competitive in the line. The strong shareholder background, and wide trade and management experiences of its
executives also laid a solid foundation for its development.
Subject reported sales of RMB1.7 billion in 2018, up 16% year-on-year, but its net profit margin was 0.98%,
suggesting that its profitability was weakened to a certain extent as compared with the year before. Subject
should further strengthen its cost control while expanding business presences.

3 / 19REGISTRATION
Establishment Date:
May 18, 1997
Registered Address:
No. 1688 Huqingping Highway, Shanghai City
Zip Code:
200001
Registry:
Shanghai Municipal Administration for Industry and Commerce
Legal Rep.:
WANG Tao
Unified Social Credit Code: 91310101723456868E
Legal Status:
Limited liability company
Registered Capital:
10,000,000
Business Scope:
Provision of computer technology and information technology consulting service;provision of computer and network technology services; wholesale and retail ofcomputer hardware and software, computer consumables, office supplies,
stationeries and sports goods; import & export of goods and technologies(operation shall be subject to administrative permit where applicable)
Duration of Operation:
From May 18, 1997 To May 17, 2022
Latest Yearly Inspection: 2018
CHANGES IN REGISTRATION
Date of Change
Apr. 18, 2014
Aug. 08, 2016

Change(s)Registered Capital
Registered Address

From
RMB1,000,000
No.300 Dalian Road, Shanghai
City

To
RMB10,000,000
No.1688 Huqingping Highway,
Shanghai CitySHAREHOLDERS AND SHARES
Shareholders
Shanghai Dalong (Group) Co., Ltd.
LI JunFU BinCapital Subscribed
5,100,000
4,000,000
900,000----------10,000,000

Total
Shareholders
Shanghai Dalong (Group) Co., Ltd.
LI JunFU Bin% of Total
51.00
40.00
9.00
-------100.00
Paid-up %100.00100.00100.004 / 19BACKGROUND OF MAJOR SHAREHOLDERS
Company Name:SBD NO.:
Establishment Date:
Legal Rep.:
AIC No.:Legal Status:
Registered Capital:
Debt Issued or Not:
Debt Issuance Status:
Listed or Not:
Listing Status:
Stock Code:
Listing Location:
Address:
Telephone:
Facsimile:
Website:Shanghai Dalong (Group) Co., Ltd.
0243321552
May 18, 1997
WANG TAO
310000101234567
Joint stock limited company (listed)
200,000,000
Yes
NormalYes
Normal600780 / 200009
Shanghai Stock Exchange/ Shenzhen Stock Exchange
No.300 Dalian Rd.,
Shanghai City(+86 21) 67891234(+86 21) 67894321/67894322
www.dalong.com.cn

Note: Information provided herein comes directly from Experian database and may contain obsolete
information.
LAYERS OF SHAREHOLDING
Shanghai Dalong (Group) Co., Ltd.

Tianjin Hi-tech Holdings Group Co., Ltd.
51.57%

Beijing Qianglong Real Estate Development Co., Ltd.
90.00%

Tianjin Binhai Hi-tech Industry
Development Area Administration
Committee
40.00%SELVIAC NEDERLAND B.V.
30.00%XIA Chunqiu
30.00%

5 / 19Order of Layer:
Actual Controller:% Ownership:

1
Tianjin Hi-tech Holding Group Co., Ltd.
51.57%

Order of Layer:
Actual Controller:% Ownership:

2
Beijing Qianglong Real Estate Development Co., Ltd.
90.00%

Order of Layer:
Actual Controller:
SBD NO.:
Registered Capital:
Debt Issued or Not:
Listed or Not:
Address:% Ownership:

3
Tianjin Binhai Hi-tech Industry Development Area Administration Committee
0341318229
0No
No
Tianjin City
40.00%

Order of Layer:
Actual Controller:
Address:% Ownership:

3
SELVIAC NEDERLAND B.V
British Virgin Islands
30.00%

Order of Layer:
Actual Controller:
Address:% Ownership:3
XIA Chunqiu
Hong Kong
30.00%

Note: The information above comes directly from Experian database and may contain obsolete information. It isprovided herein for reference only.
HISTORY
May 1997
Apr. 2005

May 2010
Apr. 2014

Shanghai Zhiheng Technology Development Co., Ltd. was incorporated.
Shanghai Zhiheng Technology Development Co., Ltd. was acquired by Shanghai
Dalong (Group) Co., Ltd. and accordingly was renamed Shanghai Dalong Zhiheng
Technology Development Co., Ltd.
Subject became the general agent of Nanjing Hwuary Display Co., Ltd. in East China.
Subject increased its registered capital from RMB1,000,000 to RMB10,000,000.

MAIN EXECUTIVE(S)
Name:
Post:
Gender:Date of Birth:
Education:
Working Experience:

No. of Invested and Appointed
Companies:

WANG Tao
Chairman of the Board
Male
1969
Master's degree
Previously with the Chinese Academy of Sciences
Currently with Shanghai Dalong (Group) Co., Ltd. as General Manager
Since Apr. 2005, concurrently with Subject as Chairman of the Board.
5

Note: The information above comes directly from Experian database and may contain obsolete information. It
is provided herein for reference only.

6 / 19

BOARD OF DIRECTORS
Name:
Post:
Nationality:
Gender:

WANG Tao
Chairman of the Board
China
Male

Name:
Post:
Nationality:
Gender:LI JunDirector
China
Male

Name:
Post:
Nationality:

ZHANG Jiajia
Director
China

BOARD OF SUPERVISORS
Name:
Post:
Nationality:
Gender:LI Genfa
Supervisor
China
Male

EXTERNAL INVESTMENT
Company Name:SBD NO.:% Ownership:
Address:

Shanghai Dalong Zhiyu Technology Development Co., Ltd.
0325732319
65.00%
No.218 Dongfang Rd., Pudong New Area, Shanghai City

Note: As of the completion of this report, a total of XX companies invested by Subject have been found inExperian databases and we provided herein for your reference no more than 5 that have been chosenrandomly.
BANKING RELATIONSHIP
Account Bank:
Account No.:
Account No.:Interviewee:
Telephone:Interviewee's Remarks:
Date of Interview:

Bank of Shanghai, Xuhui District Sub-branch
XXXXXXXXX8090333 (RMB)
XXXXXXXXX8090334 (FC)Miss XU, Service Counter(+86 21) 56783333
Subject does hold accounts with the Bank, and its day-to-day transaction records arenormal.
Jul. 10, 2019

NUMBER OF EMPLOYEES
Total Employees:

60

The information above was confirmed by Subject’s staff member in Jul. 2019.
OFFICE FACILITIES
Location:
Area:
Property Ownership:
Traffic Convenience:

Suite B, 24F, 88 Hengshan Road, Shanghai City
300 square meters
RentedSituated in Xujiahui Business Circle, Subject enjoys easy access to major traffic.
7 / 19

OPERATIONS
Main Business:
Chinese SIC:

Wholesale and retail of computer equipment
5170,Wholesale of mechanical equipment, hardware, electrical and electronic
products

ISIC:

4650,Wholesale of machinery, equipment and supplies

NACE:

46.5,Wholesale of information and communication equipment

Subject is the general agent of Hwuary branded displays in East China. Subject also distributes Hongda
branded computer memory, Kunpeng branded hard drives, Quanshun branded CD-ROMs, keyboards, mice,
etc. on a commission basis.
TRADEMARKS & PATENTS
Total No. of Trademarks
Registration No.
Registration Date
Trademark Design22345678Mar. 28, 2017

2123456
Dec. 7, 2016

Note: We provide herein only the three trademarks registered by Subject in the latest five years.
Patent Type
Total Patents
Patents Applied in 2018
Patents Applied in 2017
Patents Applied in 2016
Patents Applied in 2015
Patents Applied in 2014

Invention Patent0------

Utility Model Patent
5
2
1
1
-1

Design Patent
5
1
-2
2
--

Total
10
3
1
3
2
1

Note: We provide herein only the patent applications filed by Subject in the latest five years.
PURCHASING INFORMATION
Main Purchases:
No. of Major Suppliers:
Major Suppliers:
Main Payment Terms:

Displays, computer memory, hard drives, CD-ROMs, etc.
Around 10
Nanjing Hwuary Liquid Crystal Display Technical Co., Ltd., Suzhou Zhongji ElectronicCo., Ltd.
30-day credit or immediate payment

Subject is the general agent of Hwuary brand displays and purchases displays from Nanjing Hwuary Liquid
Crystal Display Technical Co., Ltd. directly on 30-day open account.
The information above was confirmed by Subject's staff member in Jul. 2019.

8 / 19SELLING INFORMATION
Domestic:
Regions:
Customers:
Sales Terms:

95%
Shanghai and major cities in Jiangsu Province
Retailers and individual users
30-day credit or immediate payment

Overseas:
Regions:
Customers:
Sales Terms:

5%Hong Kong
ABC Ltd.
L/C

Subject is planning to reinforce its sales initiatives in medium- and small-sized cities which offer wide sales
margins. Currently the competition in large cities of East China is increasingly keen, leading to continuallythinning profit margins of relevant products, and this is especially the case with displays Subject currently sells.
The information above was confirmed by Subject's staff member in Jul. 2019.
IMPORT & EXPORTI/E License:
File Number:
Date of Filing:
Filed by:Customs' Rating：
CR No.:
Clearance Deadline:Yes[98] WJMGTHZ No.190
Apr. 29, 1998
Ministry of Commerce
Registered and Filed Enterprises (Dec. 31, 2018)
3103911006
Dec. 29, 2025

Notes: Definitions of Rating of General Customs:
Advanced Certified Enterprises: Enterprises with excellent credit performances
Registered and Filed Enterprises: Enterprises with average credit performance and subject to common
management measures
Discredit Enterprises: Enterprises with very poor credit performance and subject to strict control measures

Total Imports (Unit: USD
10,000)Total Exports (Unit: USD
10,000)2018
600-7002017
90-1002016
01,000-2,000

1,000-2,000

0-10

9 / 19

Import Records in 2018(Unit: USD 10,000)
Main Import Area(s)SwedenDenmark
Germany
Italy
Switzerland
HS Code85322410
85411000
85422900
85423200
85423900

Total Imports
80-90
50-60
10-20
0-10
0-10

Main Import Commodities
Laminate ceramic dielectric, multi layer
capacitors
DiodesOther monolithic integrated circuits
Electronic integrated circuits for memories
Other electronic integrated circuits

Export Records in 2018(Unit: USD 10,000)
Main Export Area(s)Hong Kong
ROK
Taiwan
Malaysia
ThailandHS Code85322410
85365000
85411000
85412100
85412900

Total Imports
60-70
50-60
50-60
30-40
20-30

Total Exports
300-400
200-300
80-90
80-90
60-70

Main Export Commodities
Laminate ceramic dielectric, multi layer
capacitors
Other switches for a voltage not exceeding 1000
volts
DiodesTransistors, with a dissipation rate of less than 1w,
other than photosensitive or light emitting diodes
Transistors, with a dissipation rate of 1w or more,other than photosensitive or light emitting diodes

Total Exports
300-400
100-200
90-10080-90
50-60

Main Import/Export Area(s) refers to the top five areas by import/export value in descending order. Main
Import/Export Commodities refers to the top five commodities by import/export value in descending order.
CREDIT RECORDS
Supplier:
Commodities Supplied:Interviewee:
Post:
Telephone:Amount:Cooperation Duration:
Cooperation Terms:
Payment Punctuality:
Interviewee's Remarks:
Date of Interview:

Nanjing Hwuary Liquid Crystal Display Technical Co., Ltd
Computer displays
Miss YAN
Financial Dept.
025-84556567
Approx RMB3.5 million per monthLong-termMonthly settlement
Punctual
Subject is its general agent in East China and has paid punctually.
Jul. 10, 2019

Supplier:
Commodities Supplied:Suzhou Zhongji Electronic Co., Ltd.
Computer mice and hard drives
10 / 19

Interviewee:
Post:
Telephone:Amount:Cooperation Duration
Cooperation Terms
Payment Punctuality:
Interviewee's Remarks:
Date of Interview:

Mr. WANG
Sales Manager
0551-63415399
Approx RMB1 million per month
Short-term
45-day credit
Basically in due time
Subject has paid punctually and is extended a credit period of 45 days.
Jul. 10, 2019

MAJOR RANKS
Year
2018
2017

Major Rank
Top 100 Private Enterprises of Shanghai
Top 100 Private Enterprises of Shanghai

Place
89
97

LITIGATION RECORDS
Details of Enforcement Nonperformance Party
1.
Court responsible for
Yongxiang County People’s Court
enforcement:
Case Number:(2018) YXZMZ No.0567
Party subject to enforcement: SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO., LTD.
Obligations as mandated by
The amount that should be paid by the party against whom the writ oflegal documents:
execution has been issued is RMB8580000.
Enforcement performance:
Totally unperformed
Publication date:
May 17, 2018
Details of enforcement
Violation of properties reporting rules; deliberately defaulting performance of
nonperformance:
the obligations recognized in valid legal document
Date of Acquisition:
Mar. 02, 2019
Details of Party Subject to Enforcement
2.
Court responsible for
Yongxiang County People’s Court
enforcement:
Case Number:(2018) YXZMZ No.0345
Enforcement Applicant:
LI SanParty subject to enforcement: SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO., LTD.
Subject matter:
RMB80000
Case status:
Enforcement in progress
Case-filing date:Jul. 30, 2018
Date of Acquisition:
Mar. 02, 2019
Court Announcements
3.
Source:Hearing Court:
Case Number:
Case Brief:
Plaintiff/Appellant:
Defendant/Appellee:
Date of Hearing:
Date of Acquisition:www.hshfy.sh.cn
Shanghai Municipal No.1 Intermediate People’s Court(2017) H0105MC No.00248
Trademark tort dispute
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO., LTD.
WANG San
Dec. 15, 2017
Mar. 02, 201911 / 19

Court Judgments & Decisions
4.
Source:www.hshfy.sh.cn
Hearing Court:
Shanghai Pudong New Area People’s Court
Case Number:(2017) PMY (M)CZ No.15487
Plaintiff/Appellant:
SONG Sanxiong
Defendant/Appellee:
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO., LTD.
Date of Hearing:
Sep. 28, 2017
Case Brief:
Dispute over sale contract
Date of Acquisition:
Mar. 02, 2019
In the absence of unitary and all-inclusive litigation databases in Chinese mainland, the litigation records herein
may be not up-to-date or some cases have not been published by competent courts yet. The above information
is provided for your reference only.
PUBLIC RECORDS
Issue Title
List of Companies with Abnormal Operations (2017) No.5 Issue of Shanghai Xuhui
District Office, SAT

Date of Issue
May 1, 2017

Note: We provide herein litigation records, public rankings and other public records of the latest five years.
MORTGAGE & PLEDGE DETAILS
Item Registered
Chattel Mortgage
Equity Pledge
Accounts Receivable Pledge
Accounts Receivable Transfer
Lease Registration
Ownership Retention Registration
Deposit Pledge
Warehouse Receipt Pledge
OthersTotal
1.
Item Registered:Type of Secured Debt:
Date of Registration:
Debt-performance Period:
Debtor:Number of Registrations
1
1
1
1
1
1
1
1
-8

Mortgagee:
Amount of Secured Debts:
Registry:

Chattel Mortgage
Credit/Loan/Trading
Aug. 17, 2019
Aug. 17, 2019-Aug. 17, 2020
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD.
Shanghai XX Guarantee Co., Ltd.
CNY3,000,000.00
Shanghai Pudong New Area Administration for Industry and Commerce

Collateral Name:

Owned machine and equipment, polyester chip2.
Item Registered:
Equity Pledge
Equity Pledge Registration Date: Aug. 17, 2017
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,Equity Held in:LTD.
Pledger:
Shanghai Dalong (Group) Co., Ltd.
Pledgee:Beijing XX Guarantee Co., Ltd.
12 / 19

Amount of Pledged Equity:
3.
Item Registered:Type of Registration:
Date of Registration:
Registration Expiry Date:
Pledger:
Pledgee:
Pledge Contract No.:
Value of Pledged Assets：
4.
Item Registered:Type of Registration:
Date of Registration:
Registration Expiry Date:
Transferer:
Transferee:Principal Contract No.:
Principal Contract Value:
Transfer Contract No.:
Value of Transferred Assets:
5.
Item Registered:Type of Registration:
Date of Registration:
Registration Expiry Date:
Leasee:Leaser:Lease Contract No.:
Total Rental:
6.
Item Registered:Type of Registration:
Date of Registration:
Registration Expiry Date:
Buyer
Seller
Debt-performance Period:
Transaction Contract No.:
Value of Transacted Assets:
7.
Item Registered:Type of Registration:
Date of Registration:
Registration Expiry Date:
Pledger:
Pledgee:Principal Contract No.:
Principal Contract Value:
Deposit Pledge Contract No.:

CNY1,000,000.00
Accounts Receivable Pledge
Initial Registration
Aug. 17, 2018
Feb. 08, 2020
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD.
China Construction Bank Corporation Qianhai Branch
21000034636468934511
USD10,000,000.00
Accounts Receivable Transfer
Change Registration
Aug. 17, 2018
Feb. 08, 2020
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD.
China Construction Bank Corporation Shanghai Branch
21000012345
USD10,000,000.00
21000012345-1
USD10,000,000.00
Lease Registration
Initial Registration
Sep. 24, 2018
Sep. 23, 2020
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD.
CIT Finance & Leasing Corporation
SH2018092411111
CNY200,000,000.00
Ownership Retention Registration
Initial Registration
Sep. 24, 2018
Sep. 23, 2020
Shanghai XX Co., Ltd.
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD.
Sep. 24, 2018-Sep. 23, 2020
SH2018000011111
CNY200,000,000.00
Deposit Pledge
Change Registration
Sep. 11, 2018
Sep. 10, 2020
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD.
China Development Bank
3210201801100001000
USD100,000,000.00
32102018-1
13 / 19

Deposit Account Name:
8.
Item Registered:Type of Registration:
Date of Registration:
Registration Expiry Date:
Pledger:
Pledgee:Debt-performance Period:
Pledge Contract No.:
Value of Pledged Assets:
Warehouse Receipt/Collateral
List No.:
Name or Type of Warehoused
Goods:SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD. (Deposit Account)
Warehouse Receipt Pledge
Initial Registration
Sep. 10, 2018
Dec. 10, 2019
SHANGHAI DALONG ZHIHENG TECHNOLOGY DEVELOPMENT CO.,LTD.
Bank of China Limited Shanghai Branch
Sep. 10, 2018-Dec. 10, 2019
Shanghai 2018 Z (Pledge) No.0123
CNY50,000,000.00
HZZJZ No. 2018001
Iron ores, steel strips and steel bars

TAXPAYER CREDITWORTHINESS RECORD
Year of Rating
2018
2017
2016

Taxpayer ID No.
310100723456868
310100723456868
310100723456868

Taxpayer Credit Rating
A
A
A

FINANCE
Balance Sheet ('000):
Dec. 31, 2018
(Unconsolidated)

Dec. 31, 2017
(Unconsolidated)

TOTAL ASSETS

639,145

500,319

TOTAL LIABILITIESTOTAL SHLDRS’ EQUITYTOTAL LIABILITIES & SHLDRS’ EQUITY

510,998
128,147
639,145

371,902
128,417500,3192018
Jan. 01, 2018
Dec. 31, 2018
1,703,326
22,806
16,722

2017
Jan. 01, 2017
Dec. 31, 2017
1,468,603
36,78627,357

Income Statement ('000)

Starting Date
Closing Date
Sales
Total profit
Net profit

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NOTES TO FINANCE
Due to lack of clear government policy regarding transparency of enterprise financial information, many financial
items might be missing in the above financial statements, causing possible inequality between the sum of theprovided items and the provided Total Number.
Change of Key Financials ('000)
2018
1,703,326
16,722
639,145
510,998
128,147

Growth Rate (%)
15.98-38.87
27.75
37.40
-0.21

2017
1,468,603
27,357500,319
371,902
128,417

Profitability

2018

2017

Return on net assets (%)
Return on total assets (%)
Net profit margin (%)

13.05
2.62
0.98

Year-on-year
Comparison↓↓↓

Efficiency

2018

Turnover of total assets

2.67

Solvency

2018

Liabilities/assets ratio (%)

79.95

Growth2018

Sales growth (%)
Total assets growth (%)

15.98
27.75

Sales
Net profit
Total assets
Total liabilities
Total shareholders’ equity
Important Ratios:

21.30
5.47
1.86

Year-on-year
Comparison↓

2017Year-on-year
Comparison↑

2017Year-on-year
Comparison
---

2.94

74.33
2017
---

INDUSTRY PROFILE
5170,Wholesale of mechanical equipment, hardware, electrical and electronic products
Industry Definition:
This industry includes the wholesale and import & export of general-purpose machinery, special-purpose
equipment, traffic & transport equipment, electric machinery, hardware & electric products, electric materials,
computer equipment, communication equipment, electronic products, meters & instruments and officemachinery.
Industry Status & Trend:
China's macroeconomic fundamentals continued to brighten in 2017 with domestic demand being rallied andexternal demand recovering gradually, structural adjustment and upgrade initiatives picking up speed, andmanufacturing and business environments being improved obviously. This industry has achieved rapid growthand much better export circumstances as well as continuous performance and quality enhancements. The
exports of machinery and equipment accumulated to USD383,605,247,000 in 2017, up 11.6% year-on-year.
The export value of electronic information products increased by 14.2% year-on-year (a drop of 0.1% in 2016),
3.5 percentage points higher than the growth of export value of statistically significant industries, and accounted
for 41.4% of the export value of export value of statistically significant industries. The export value ofcommunications equipment expanded 13.9% year-on-year, and the growth rate picked up 10.5 percentage
points as compared with 2016. The export value of computers increased by 9.7% from the year before (a15 / 19

decrease of 5.4% in 2016). The export value of electronic components soared 20.7% year-on-year, and thegrowth rate quickened 18.1 percentage points from 2016. The export value of electronic devices rose 15.1%
year-on-year (a drop of 0.7% in 2016). The import and export value of hardware products totaled USD128.020
billion, up 9.43% year-on-year.
The "13th Five-Year Plan" period is a critical and particular period for the development of the industry as
Chinese economy has entered into the period of medium and high growth. With the switching of economic
growth mode, this industry will also be faced with more opportunities and challenges. The development patternof this industry will be inevitably changed against the backdrop of "Internet+".
INDUSTRY FINANCIAL RATIOS
5170,Wholesale of mechanical equipment, hardware, electrical and electronic products
2018Year
Return on net assets (%)
Return on total assets (%)
Gross profit margin (%)
Turnover of total assets
Turnover of current assets
Turnover of accounts
receivable (days)
Liabilities/assets ratio (%)
Current ratio
Quick ratio
Sales growth (%)
Gross profit growth (%)
Total assets growth (%)

Subject
13.05
2.62
-2.67
---

Best
18.00
6.50
20.30
7.00
7.50
20.11

Average
4.40
2.50
3.10
1.50
1.90
63.16

Worst
-13.00
-7.50
-0.40
0.10
0.30
900.0079.95--15.98-27.75

54.50
2.43
1.52
13.80
18.00
14.10

64.50
1.51
0.94
3.40
3.00
6.20

89.50
0.80
0.50
-26.00-24.50-15.60

2017Year
Return on net assets (%)
Return on total assets (%)
Gross profit margin (%)
Turnover of total assets
Turnover of current assets
Turnover of accounts
receivable (days)
Liabilities/assets ratio (%)
Current ratio
Quick ratio
Sales growth (%)
Gross profit growth (%)
Total assets growth (%)

Subject
21.30
5.47
-2.94
---

Best
18.00
6.50
20.30
7.00
7.50
20.11

Average
4.40
2.50
3.10
1.50
1.90
63.16

Worst
-13.00
-7.50
-0.40
0.10
0.30
900.0074.33------

54.50
2.43
1.52
13.80
18.00
14.10

64.50
1.51
0.94
3.40
3.00
6.20

89.50
0.80
0.50
-26.00-24.50-15.60* The above indicators come from industry statistics regularly published by the government.

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TREND CHART OF KEY INDICATORS
5170,Wholesale of mechanical equipment, hardware, electrical and electronic productsTrend of Gross Profit Margin (Average):

Trend of Turnover of Accounts Receivable (Days) (Average):17 / 19

Trend of Liabilities/assets Ratio (Average):

Trend of Sales Growth (Average):

SEARCH RECORDS

Search Count

Recent 3 Months
2

Recent 6 Months
5

Recent 9 Months
8

Recent 12 Months
11

Note: The Search Count above is the number of times that the subject company has been searched in Experian
databases.

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CREDIT RATINGCR3
In assessing credit status of a business, Experian takes into consideration its size, history and background,financials and operations against industry average, credit history, etc. Indications of Experian credit ratings are
as follows.
Rating
CR1
CR2
CR3
CR4
CR5
CR6
CR7

Risk Level
Very low
Low
Below average
AverageAbove average
High
Very highIndications
Credit can be extended on very loose terms.
Credit can be extended on fairly loose terms.
Credit can be extended on normal terms.
Credit should be on closely monitoring basis.
Credit should be avoided as much as possible.
Credit should be on secured basis.
Transaction should be on COD basis.

BASE CREDIT LIMIT
9,000,000
When calculating base credit limit, Experian presupposes that Subject purchases main commodities/services
equally from many suppliers. Main factors considered include Net Assets, Total Assets, Total Sales, Profit,
Credit Rating, etc. No consideration is given to the specific situation of your transaction with Subject. You may
refer to the following recommendations when making credit decisions, but it is advisable that necessary
adjustments be made in accordance with your sales strategies and credit policies.
Annual Supply/Subject's Sales
Above 40%
30%～40%Recommended Credit Limit
Above 4 times of base credit limit
3 to 4 times of base credit limit

20%～30%2 to 3 times of base credit limit

10%～20%Below 10%

1 to 2 times of base credit limit
Within base credit limit--------- End of the Report ---------

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