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Tian Ruixiang Holdings Ltd. (China)

Main Activities: Insurance Agencies and Brokerages
Full name: Tian Ruixiang Holdings Ltd. Profile Updated: August 06, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The Company operates as a broker to sell insurance products in the People's Republic of China.
The Company is a holding Company incorporated in the Cayman Islands on March 5, 2019.
The Company are an insurance broker operating in China through our VIE, TRX ZJ, and its PRC subsidiaries. The Company distribute a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and (2) life insurance, such as individual and group life insurances. The Company act on behalf of the Company s customers seeking insurance coverage from insurance companies and take pride in our premium customer service.
2019 March 20: TRX established a wholly owned subsidiary in Hong Kong, TRX Hong Kong Investment Limited (“TRX HK”), which is a holding company. Subsequently on April 30, 2019, TRX HK established a Wholly Foreign-Owned Enterprise in China, Beijing Tianruixiang Management Consulting Co., Ltd. On May 20, 2019, TRX BJ entered into a series of contractual arrangements, or VIE agreements with TRX ZJ and the sole equity holder of TRX ZJ, through which the Company obtained control and became the primary beneficiary of TRX ZJ, hereinafter referred to as the Reorganization. As a result, TRX ZJ became the Company's VIE.
2021 The Company Ordinary Shares have been listed on the Nasdaq Capital Market since January 27, 2021. It s Ordinary Shares trade under the symbol “TIRX.”
2024 On May 7, 2024, pursuant to a sale and purchase agreement entered in February 2024 to acquire Peak Consulting Services Limited, the Company issued 694,445 Class A ordinary shares to Yuefu, the sole shareholder of Peak Consulting Services Limited.

Headquarters
Room 1001, 10 / F, No. 25, North East Third Ring Road, Chaoyang District
Beijing; Beijing; Postal Code: 100124

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Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2019
Key Executives
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Chairman
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Chief Financial Officer
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Director/Member of the Board
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Outside Director
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Outside Director
Ownership Details
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29.75%
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8.57%
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2.93%
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2.57%
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Subsidiaries
Debride, Inc. (United States)
Company Performance
Financial values in the chart are available after Tian Ruixiang Holdings Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-75.45%
Total operating revenue
-75.45%
Operating profit (EBIT)
-52.02%
EBITDA
-52.23%
Net Profit (Loss) for the Period
-75.3%
Total assets
2.61%
Total equity
-6.39%
Operating Profit Margin (ROS)
-1384.93%
Net Profit Margin
-1258.51%
Return on Equity (ROE)
-3.75%
Quick Ratio
-10.08%
Cash Ratio
-9.82%

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