On the evening of August 21, Shengyu Mining announced that the wholly-owned subsidiary plans to establish Shenzhen Shengyu Gold Financial Services Co., Ltd. with the capital of Fujian Liuliufu Investment Co., Ltd. and Shenzhen Haojin Jewelry Co., Ltd. Launch a gold leasing project. The total investment is RMB 200 million, of which the subsidiary invested RMB 120 million. The announcement shows that the joint venture company has carried out a gold leasing project, which refers to non-financial corporate clients or individual jewellery, gold merchants renting physical gold, and collecting rental income. It is necessary to face corporate legal persons or individual merchants related to the smelting, processing and sales of precious metals, mainly including gold jewelry processing enterprises and gold economic and trade enterprises. The main customers in the early stage were the jewellery and gold merchants of the Putian Chamber of Commerce in Shenzhen Shuibei District. According to the company, the gold leasing business is a light asset business, which requires low fixed costs, controllable business risks, replication, and scale. It has strong profitability and can bring new profit growth points to the company. To enhance the company's profitability. Single Jersey Knitted Fabric,Knitting Fabric,Yarn Dyed Striped Knit Fabric,Knitting Fabric Shaoxing Winfar Knitting & Embroidery Co.,Ltd. , https://www.wfknitting.com