Hengguang Holding Co., Limited
We are an insurance agency company operating in China. (Incorporated in the Cayman Islands)
We derive our revenue primarily from commissions and fees paid by insurance companies, typically calculated as a percentage of premiums paid by customers to the insurance companies that we represent. As of the date of this prospectus, we have relationships with over 70 insurance companies in the People’s Republic of China (PRC) and are able to offer a variety of insurance products to our customers, such as automobile insurance, casualty and accident insurance, construction and engineering insurance, liability insurance, property insurance, health insurance and life insurance.
We help consumers select the right insurance to purchase but represent the insurance companies in the transactions.
For the year ended Dec. 31, 2020, 70.61% of our total revenue was attributed to our top five insurance company partners.
As of the date of this prospectus, we had 52 locations (branch offices) throughout China to sell the insurance products. A large component of our cost of revenues is commissions paid to our individual sales agents.
Our business is conducted by Heng Guang Insurance, our VIE entity in the PRC, and its subsidiaries and branch offices, using Chinese dollars (the “RMB”), the legal currency of China.
Our consolidated financial statements are presented in United States dollars. These dollar references are based on the exchange rate of RMB to United States dollars, determined as of a specific date or for a specific period.
**Note: Revenue and net income figures are in U.S. dollars for the 12-month period that ended June 30, 2021.
|Address||1666 Chenglong Road, Section 2, Building 2, 5th Floor Longquanyi District, Chengdu, Sichuan Province, China 61000|
|Phone Number||+86 (400) 028-1990|
|View Prospectus:||Hengguang Holding Co., Limited|
|Revenues||$19.66 mil (last 12 months)|
|Net Income||$-0.21 mil (last 12 months)|
|Price range||$4.00 - $5.00|
|Est. $ Volume||$20.0 mil|
|Manager / Joint Managers||Network 1 Financial Securities|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|