Huifu Payment Included in MSCI Constituent Stocks
May 27, 2019. Shanghai – Huifu Payment (01806.HK) announced today its inclusion in the MSCI China Small Cap Index constituent stocks and the stock would take effect after the closing on the next trading day.
It is reported that the adjustment of MSCI Index adds other 25 China Small Cap Index stocks while excluding 20 ones in multiple industries. Despite less than one year’s listing, Huifu Payment is now successfully included in MSCI constituent stocks due to its excellent performance in terms of market value, liquidity and development after being listed on the Hong Kong stock market in June 2018.
Our performance in 2018 was gratifying. During the reporting period, Huifu Payment achieved the revenue of RMB3.246 billion yuan, a substantial increase of 88% year-on-year; the gross profit reached RMB890 million yuan, an increase of 57% year-on-year.
As Huifu Payment’s performance keeps growing steadily, the inclusion of MSCI provides precise external assistance for its development.
Huifu Payment’s board of directors believes that the inclusion of MSCI represents the capital market’s recognition of Huifu Payment, which is expected to widen its shareholder base and increase the liquidity of the stock. Finally, the company's investment value and visibility in the capital market will be enhanced, delivering sustainable value to its shareholders.