Differ Group Auto Limited (HK:6878) has released an update.
Differ Group Auto Limited has released supplemental information to its 2023 Annual Report, disclosing details on finance lease, loan, account receivables, and their guarantee service business model. The Group faces a concentration risk with significant amounts due from their top five customers, particularly two customers amounting to approximately RMB671.6 million. In their financing guarantee business, they avoid intermediaries, charge fees between 3.1% and 4.5%, and manage risks through careful assessment and monitoring of financial health and collateral.
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