Sos Ltd - ADR (N:SOS)
Business Focus: Consumer Lending
| Sector: Financials | Industry: Consumer Lending |
| Company Contact | |
| Address: | 5Th Floor, Building D, Benq Plaza, 207 Songhong Road, Changning District QINGDAO SDG 266400 |
| Tel: | N/A |
| Website: | https://service.sosyun.com |
| IR: | See website |
| Key People | ||
| Yandai Wang Executive Chairman of the Board, Chief Executive Officer | Sing Leung Li Chief Financial Officer, Director | |
| Business Overview |
| Sos Ltd, formerly China Rapid Finance Ltd, is a holding company mainly engaged in the provision of marketing related data. The Company is focused on four offerings. Commodity trading business is engaged in facilitating trading of commodities such as mineral resin, soybean, wheat, sesame, liquid sulfur and latex. Insurance marketing business is engaged in using data mining and analytics technologies to find patterns and valuable data, providing specific data point recommendations to insurance companies. Cryptocurrency mining business is focused on the mining of the mainstream cryptocurrencies such as Bitcoin. Call center business includes 10086 hot-line service and bank card call center. Software as a service (SaaS) provides warehouse access to insurance companies, financial institution and medical institutions. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sos Ltd - ADR revenues decreased 64% to $92.4M. Net loss before extraordinary items decreased 98% to $3.7M. Revenues reflect Commodity trading segment decrease of 73% to $68.5M, Other segment decrease of 33% to $2.7M. Lower net loss reflects General and administrative expenses decrease of 94% to $11.1M (expense), Non-operating income decrease of 94% to $978K (expense). |
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