ZHUHAI, CHINA - Media OutReach Newswire - 30 September 2025 - On September 27, the opening ceremony of the 2025 Cross-Border E-Commerce Annual Meeting (Zhuhai-Hengqin), themed "New Start, New Space, New Opportunities", was held at the Zhuhai International Convention & Exhibition Center. The guests present shared insights into topics such as air logistics and cross-border supply chains, while further exploring new ideas, models, and opportunities for the development of cross-border e-commerce from the perspective of business practices.
Hengqin Cross-Border E-Commerce (Huafa) Industrial Park on the Air
At the Hengqin Cross-Border E-Commerce (Huafa) Innovation Industrial Park located in the northeastern part of Hengqin Island, more than 30 Chinese and international live streamers conducted store visits. As they moved between booths featuring beauty products, home goods, electronics, and other merchandise, they held up their phones to showcase these products to the online audience.
China is stepping up efforts to strengthen its infrastructure and logistics systems. Proactive measures have been adopted to accelerate the development of cross-border e-commerce comprehensive pilot zones, eliminate the registration requirement for overseas warehouses operated by cross-border e-commerce exporters, and further simplify related customs clearance procedures. Driven by these favorable policies, cross-border e-commerce platforms, enterprises, and service providers have experienced rapid growth in business. In the first half of this year, China's cross-border e-commerce import and export volume reached approximately RMB 1.3 trillion, setting a new historical record.
Industry experts believe that the global cross-border e-commerce industry will usher in a new round of rapid expansion by seizing the opportunities presented by the internet and digital economy and riding the wave of China's economic growth. As new markets and development spaces emerge in the field of cross-border e-commerce, China and other countries can leverage their complementary strengths to seize new opportunities, explore new forms of cooperation, and develop new business formats.
As of September 2025, the number of China's "Silk Road E-commerce" partner countries had increased to 36. Since 2024, China has significantly promoted the diversification and systematic upgrading of overseas expansion models for Chinese private enterprises—including cross-border e-commerce—through measures such as signing memorandum of understanding (MoU) on e-commerce cooperation with other countries, assisting in hosting e-commerce exhibitions, and conducting overseas roadshows.
Zhuhai International Convention & Exhibition Center
Russia is an important partner country in "Silk Road E-commerce" cooperation, and the industry has high expectations for the new development opportunities in cross-border e-commerce between the two countries. Chen Hailin, Director of the China Business Service Center for Wildberries, emphasized that there is huge potential for Chinese brands to enter the Russian market. At the end of 2024, the platform officially opened registration to Chinese sellers. In addition to establishing 5 branch centers and 4 incubation bases in China last year, the platform also plans to continue expanding its presence in the Chinese market in 2025.
Cross-border e-commerce has injected new momentum into economic and trade cooperation between China and Portuguese- and Spanish-speaking countries. Products from these countries, such as Chilean cherries, Mexican avocados and Brazilian nuts, have sold well in the Chinese market through e-commerce platforms.
Wang Ying, Executive Vice Dean of the Academy of China Open Economy Studies at the University of International Business and Economics, believes that the solid foundation for e-commerce development in Portuguese- and Spanish-speaking countries, trade facilitation measures between China and Portuguese-speaking countries, as well as the new industrial chain integrating the manufacturing sector of the Chinese mainland, Macao's service sector, and Portuguese-speaking markets, will greatly boost the cross-border e-commerce cooperation between both sides.
As the cross-border e-commerce industry ecosystem becomes increasingly mature, different players along the chain are beginning to offer more specialized services, help cross-border e-commerce enterprises expand overseas steadily and continuously broaden the space for economic and trade cooperation.
Logistics is vital to the efficient operation of cross-border e-commerce. Along the maritime extension of the Hong Kong-Zhuhai-Macao Bridge (HZMB), logistics hubs such as the Guangdong-Hong Kong-Macao Logistics Park, the Airport International Smart Logistics Park, and the Gaolan Port Comprehensive Bonded Zone are functioning efficiently. Every day, 1.5 million parcels and goods worth over RMB 600 million are shipped to the world via the bridge. "Macao, Hengqin, and Zhuhai have formed an economic pattern of 'gateway, hub and hinterland'. From Hengqin, it takes just 20 minutes to reach Macao International Airport, 30 minutes to Zhuhai Airport, 45 minutes to Hong Kong International Airport, and one hour to Shenzhen Bao'an International Airport. The area is well-connected by expressways, intercity rail, and high-speed rail under planning, making the five major ports of the Greater Bay Area easily accessible," said Nie Xinping, Deputy Secretary of the Hengqin Working Committee of the CPC Guangdong Provincial Committee, Director of the Hengqin Office of the Guangdong Provincial People's Government, and Deputy Director of the Executive Committee of the Cooperation Zone.
According to Gong Weiguo, General Manager of China Southern Air Logistics Co., Ltd., the company has transported more than 700 million cross-border e-commerce parcels since 2022, with a total cargo volume of 590,000 tons and an average annual growth rate of 85%. In alignment with national strategies and the development of cross-border e-commerce, the company will focus on strengthening its transport capacity and operational capabilities in the Middle East, Latin America, Southeast Asia, Central and West Asia, and other countries participating in the Belt and Road Initiative, to build a broader and more reliable "Silk Road in the Air".
Zhuhai and Hengqin are becoming important forces in promoting the innovative development of cross-border e-commerce. Plans are underway to establish the China-Portuguese (Spanish) Speaking Countries Economic and Trade Service Center in Hengqin, which will help enterprises expand into overseas markets, with a particular focus on Portuguese-speaking countries.
"Portuguese- and Spanish-speaking countries represent a vast blue ocean market. For example, the bulk commodities and biotechnology industries in Brazil are highly complementary to the electronics and new energy vehicle sectors in the Chinese mainland," said Wu Yanxiang, Deputy Head of the Interdepartmental Preparatory Working Group for the Center. "We adopt a government-led, market-oriented approach to addressing the pain points of industries such as cross-border e-commerce, high-end manufacturing, and digital economy and thus providing one-stop comprehensive solutions," Wu added.
Looking ahead, Wu Zetong, Mayor of Zhuhai, said that the city will continue to fully support the development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin. In order to promote the high-quality development of the cross-border e-commerce industry, the city will continuously explore new models, cultivate new brands and build new platforms. Further efforts will be made to empower new drivers for foreign trade and facilitate the innovative development of foreign trade.
Hashtag: #HuafaShangduCommercialOperationCo
The issuer is solely responsible for the content of this announcement.
** The press release content is from Media OutReach Newswire. Bastille Post is not involved in its creation. **
Prudent Risk Management Yields Solid Outcomes metrics, Core Pawn Business Demonstrates Resilient Growth with Proposed Final Dividend of HK$1.15 cents per share
Results Highlights:
- Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
- Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
- Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
- Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
- Proposed final dividend of HK$1.15 cents per share
HONG KONG SAR - Media OutReach - 27 May 2026 - The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the "Group" or "Oi Wah") announced its annual results and its financial position. For the year ended 28 February 2026 ("FY2026"), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 ("FY2025"). During the year, net interest margin expanded to approximately 17.2%.
As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.
BUSINESS REVIEW
Mortgage loan business
In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group's total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.
In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.
Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.
Pawn Loan Business
The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business's profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.
During the year, the Group continued to channel resources to advertising and promotion to enhance the Group's brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.
PROSPECTS
Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.
Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.
Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.
Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.
Mr. Edward Chan, Chairman and CEO of the Company, said, "Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group's strong resilience amidst market challenges.
Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders."
Hashtag: #OiWah
The issuer is solely responsible for the content of this announcement.
About Oi Wah Pawnshop Credit Holdings Limited
Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.
Results Highlights:
- Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
- Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
- Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
- Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
- Proposed final dividend of HK$1.15 cents per share
HONG KONG SAR - Media OutReach - 27 May 2026 - The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the "Group" or "Oi Wah") announced its annual results and its financial position. For the year ended 28 February 2026 ("FY2026"), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 ("FY2025"). During the year, net interest margin expanded to approximately 17.2%.
As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.
BUSINESS REVIEW
Mortgage loan business
In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group's total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.
In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.
Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.
Pawn Loan Business
The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business's profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.
During the year, the Group continued to channel resources to advertising and promotion to enhance the Group's brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.
PROSPECTS
Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.
Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.
Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.
Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.
Mr. Edward Chan, Chairman and CEO of the Company, said, "Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group's strong resilience amidst market challenges.
Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders."
Hashtag: #OiWah
The issuer is solely responsible for the content of this announcement.
About Oi Wah Pawnshop Credit Holdings Limited
Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.
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