CHENGDU, China, Nov. 15, 2019 /PRNewswire/ -- Senmiao Technology Limited (NASDAQ: AIHS) ("Senmiao"), a provider of automobile transaction and related services in China, today announced its unaudited financial results for its second fiscal quarter ended September 30, 2019.

Second Quarter of Fiscal 2020 Highlights

• Total revenues increased by 8,180% year-over-year to $5,921,166 from $71,508
• Gross profit increased by 1,595% year-over-year to $1,211,982 from $71,508
• Earnings per share of $0.04 versus loss per share of $0.03 in same period last year

"We have continued to capitalize on our late 2018 acquisition and subsequent development of our automobile transaction and related services business.  Through our business development efforts, we have taken major steps to restructure our business to better diversify and streamline our revenue streams as we wind down our online peer-to-peer lending business, and our efforts have led to another strong quarterly performance," commented Xi Wen, Chairman, Chief Executive Officer and President of Senmiao.  "With our automobile transaction and related services business now accounting for almost all of our revenue, our main focus is to continue to ramp up these operations as the ride-sharing market in our areas of operation expands, particularly in the second and third tier cities in China.  These developments have placed our business in an outstanding position as we posted positive earnings per share this quarter, the first since our listing on the Nasdaq last year. We believe we have laid the foundation to continue our growth as we focus on other complimentary opportunities for expanding our business."

Revenues

Total revenue was $5,921,166 for the quarter ended September 30, 2019, an increase of $5,849,658, or 8,180% as compared with the quarter ended September 30, 2018, primarily due to Senmiao's significant ramp up of its automobile transaction and related services business (the "Auto Business").

LAS VEGAS, Nov. 15, 2019 /PRNewswire/ -- Ionix Technology, Inc. (OTCQB: IINX), ("Ionix Technology", "IINX" or "the Company"), a business aggregator in photoelectric display and smart energy fields, announced its financial results for the three months ended September 30, 2019.

First Quarter 2020 Financial Highlights:

• Total revenues increased by 192 % from the three months ended September 30, 2018 to three months ended September 30, 2019.
• Gross profit increased by 394% from the three months ended September 30, 2018 to three months ended September 30, 2019.
• Net income increased by 302% from the three months ended September 30, 2018 to three months ended September 30, 2019.
• Gross profit margin maintained at 19.0% during the three months ended September 30, 2019 as compared to 11.3% for the three months ended September 30, 2018.

"The fiscal year 2020 is off to a good start. With another strong quarter of operations, Ionix Technology is building a solid track record of execution," said Mr. Cheng Li, Chairman of Ionix Technology. "The first quarter performance speaks to our differentiated market position, as we invest continuously in innovation to create compelling solutions for our customers."

Mr. Li continued, "With a broad and growing product portfolio, Ionix Technology remains well-positioned to benefit from the long-term growth of the photoelectric display industry."

Revenue

Allows customers to receive funds conveniently and directly at anytime

PHNOM PENH, Cambodia, Nov. 15, 2019 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), one of the world's largest money transfer companies, announced today that it is partnering with Wing (Cambodia) Limited Specialised Bank, Cambodia's leading mobile banking service provider, to offer a new service that will allow customers to receive funds directly into their mobile wallets.

"With 80 percent of our online transactions being made on a mobile device, we are looking to provide even more options for our customers using our digital platforms," said Alex Holmes, MoneyGram president and CEO. "Wing is at the forefront of mobile money and electronic payments, and this mobile wallet tool will serve as a valuable asset for the under-banked in Cambodia, allowing consumers to conveniently and reliably send money across digital boundaries from anywhere."

Under this partnership, MoneyGram customers can remit and receive money conveniently via Wing Money mobile app. Customers also have the option to cash out using any of 7,000 WING cash Xpress outlets in Cambodia.

"It's our commitment to provide every Cambodian with convenient access to mobile financial services relevant to, and for the improvement of, their daily lives," said Manu Rajan, Chief Executive Officer of Wing. "Our partnership with MoneyGram has allowed us to increase our global presence and keep friends and family from around the world connected. MoneyGram is an innovative company and their omnichannel strategy helps give these customers more choice. This new service is just one more example of how we never stop working to provide the people of Cambodia with the best products and services possible."

BEIJING, URUMQI and HANGZHOU, China, Nov. 15, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (OTC Pink Sheets: CLDOF), a non-bank financial corporation servicing micro-, small- and medium-sized enterprises in China, today reported its unaudited financial results for the six months ended June 30, 2019.

Highlights

• On November 19, 2018, Feng Hui Ding Xin (Beijing) Financial Consulting Co., Limited ("Ding Xin") and a third-party company established Zhiyuan Factoring (Guangzhou) Co., Ltd. ("Zhiyuan"). On November 29, 2018, Ningbo Ding Tai Financial Leasing Co., Ltd. ("Ding Tai") and Ding Xin acquired 98.04% and 1.96%, respectively of equity interest in Hangzhou Zeshi Investment Partners ("Zeshi"). As part of its restructuring plan, the Company intends to launch new supply chain financing services through Zhiyuan and Zheshi in the near future. Such future services include a business factoring program, financing product design, related corporate financing solutions, investments and asset management, etc. As of June 30, 2019, Zhiyuan had loans receivable of approximately US$48.79 million due from three customers.
• For the six months ended June 30, 2019, the Company issued one loan of $43.69 million to one customer of Zhiyuan, compared to the issuance of 3 loans by the Company with an aggregate amount of $1.21 million for the six months ended June 30, 2018.
• Interest and fee income increased by $2.58 million, or 5,044%, to $2.63 million for the six months ended June 30, 2019, from $0.05 million for the same period of 2018. The increase was mainly caused by $2.22 million of interest income generated from loans disbursed to Zhiyuan's customers.
• The Company reversed the impairment loss of $3,346,760 for the investment in the cost method investee, according to an adjudication issued by the People's Intermediate Court of Xinjiang Urumqi. Pursuant to the adjudication, the Company's investment in the cost method investee, valued at $3,346,760, should be transferred as a repayment of the borrowings from the debtor.
• In addition, as the cost method investee was no longer the Company's affiliate, the Company has reclassified the related borrowings from a cost method investee to borrowings from a third party and reclassified the related interest expenses on loans from a cost investment investee to interest expenses on loans from third parties.
• Provision for loan losses decreased by $22.44 million, or 47%, to $25.20 million for the six months ended June 30, 2019, from $47.64 million for the same period of 2018. The decrease in provision for loan losses was because a majority of loan receivables were provided full allowance during the six months ended June 30, 2018.
• Net loss attributable to ordinary shareholders was $27.13 million, or net loss of $1.07 per share, for the six months ended June 30, 2019, as compared to net loss attributable to ordinary shareholders of $52.15 million, or net loss of $2.83 per share, for the six months ended June 30, 2018.

Ms. Jingping Li, co-founder and chief executive officer of China Lending, commented, "As we shift our resources towards growing more promising businesses including supply chain financing and insurance facilitation, we have also increased our intensity in collecting past-due loans. The Company will seek collection of outstanding loan receivables—even if they are significantly delinquent—and will work for shareholders to seek all repayments due. In addition, since we stopped distributing loans to customers at the end of 2018, our need for loan loss provision has decreased drastically as well. Armed with a stronger balance sheet, we are forging ahead with our business restructuring. Step by step, we are transforming our business into a diversified and nimble non-bank financial services company." 

Financial Results for the Six Months Ended June 30, 2019

Interest and Fee Income

SINGAPORE, Nov. 14, 2019 /PRNewswire/ -- JLL was named Asia Pacific Facilities Management Company of the Year for the fourth time in a row at the annual Frost & Sullivan Asia-Pacific Best Practices Awards banquet held at St. Regis Singapore.

Janice Wung, Program Manager, Industrial Practice, Frost & Sullivan noted that JLL had consolidated its position as the leading integrated facilities management services provider in Asia Pacific through strong financial performance as well as new account wins and renewals in 2018 despite the challenging market landscape characterized by high client expectations and evolving facility needs.

The company also owes its resilient brand value to its consistent delivery of high-quality products and services with customer satisfaction and experience as a key priority.

"The introduction of various customer value enhancement strategies and acceleration of its digital transformation journey are firmly placing this service provider at the forefront of innovation and customer experience. By leveraging the strengths of its global portfolio and leadership position, JLL will continue to be the preferred provider of clients across diverse industries," she added.

"We are proud to be named the 2019 Asia Pacific Facilities Management Company of the Year by Frost & Sullivan yet again. This award recognizes our team of over 14,000 staff across 177 cities, in 16 countries and underscores our commitment to delivering bespoke and exceptional services to all our clients across Asia Pacific and the investment we have made in driving the Future of Work," says Mr Susheel Koul, Executive Managing Director, JLL Integrated Facilities Management. We are driving customer value - with our people, technology, workspace ideas – to help our clients reimagine their workplaces for greater productivity and business performance.