Market Trends

New listed company:Infinite Finance Co., Ltd.(6958)

Wendy Wang
Senior Associate at TWSE

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Infinite Finance Co., Ltd., formerly known as Jih Sun International Leasing & Finance Co., Ltd., was established in 1981. In December 2022, it merged with IBT International Financial Leasing Co., Ltd., a subsidiary of O-Bank, and was officially renamed “Infinite Finance Co., Ltd.” With a paid-in capital of NT$3.512 billion, the company mainly serves small and medium-sized enterprises. Its products meet customer one-stop shopping needs and provide services such as vehicle installment, corporate financing, long-term car rental, and green energy investment and financing.

International layout to Expand Business Territory

The business territory of Infinite Finance covers Taiwan, China and Thailand, with over 1,300 employees in the group. The company has 12 operational bases in major counties and cities in Taiwan, and is also expanding its business in 18 cities in east, south, central and west China. In order to seize the opportunities in the ASEAN market, diversify operational risks, and expand revenue sources, the company established a leasing subsidiary in Bangkok, Thailand in May this year (2024), becoming its first base in Southeast Asia. At present, the company’s main reinvestment subsidiaries include Jih Sun Formosa Auto Leasing Co., Ltd., Infinite Energy Solutions Co., Ltd., Infinite Commercial Finance Co., Ltd., as well as Jih Sun International Financial Leasing and Finance Ltd. in Suzhou, China, and IBT International Financial Leasing Corp., and Infinite Leasing (Thailand) Co., Ltd., a leasing subsidiary in Thailand.

Figure 1: A group photo of the management team of Infinite Finance

Diversifying Businesses to Meet Customer Needs

Infinite Finance has long been developing the leasing market for over 40 years, with its main business items including vehicle installment payments, equipment financing and leasing, corporate long-term car rental, corporate financing, and green energy investment and financing. The company’s main business items in Taiwan include vehicle installment payments, corporate financing, long-term car rental, and green energy investment and financing; in China, its business items include equipment financing and leasing, while in Thailand it mainly focus on corporate financing and vehicle installment payments. Starting from September 2023, its subsidiary Infinite Energy Solutions Co., Ltd. is responsible for developing the green energy business by investing, developing, acquiring, and collaborating to build solar power plants, in order to expand the company’s territory of green energy. As of the end of July 2024, the company signed solar power generation investments for a total of 33 solar power plants, with a capacity of 12.476 MW.

Promoting Sustainability in Line with Corporate Philosophy

The core brand philosophy of Infinite Finance is “flexibility, trust, and sustainability.” The company values flexible strategies and ethical corporate management, and believes that enterprises should be trusted by all stakeholders to achieve sustainable development. The company is committed to working together with customers, shareholders, employees, communities, and business partners for mutual benefit and good. The main direction of Infinite Finance’s promotion of sustainable development is to practice healthy sustainability, support high-quality education and grassroots sports, care for the disadvantaged in rural areas, and advocate circular economy and environmental education. In recent years, the company has successively held events such as donating bathroom equipment to rural areas, planting trees, donating blood and books, volunteering for the food bank, and giving financial lectures to university students, as well as sponsored grassroots sports activities such as basketball and archery. It has also donated vehicles to the 1919 Christian Relief Association and the To Be A Friend Association to improve the quality and safety of their services for caring for disadvantaged children.

In 2023, Infinite Finance successively won the “Sports Enterprise Certification” from the Sports Administration, Ministry of Education, the “Bronze Award for Workplace Gender Equality” from the Taipei Labor Bureau, and the “Health Promotion Certification” from the Health Promotion Administration, Ministry of Health and Welfare. The company signed on in May 2024 to become the first dementia friendly workplace in the leasing industry to promote social integration.

Figure 2: Infinite Finance received the “Sports Enterprise Certification” from the Sports Administration, Ministry of Education, with Chairman Chien (first from the right) receiving the award on behalf of the company.

Multi-pronged Approach to Achieve Sustainable Growth

In the future, Infinite Finance will not only deepen its development in the vehicle field to increase revenue, but also expand its corporate financing and green energy business, and continue expanding into the ASEAN market to increase revenue sources. The company’s continuous expansion of the economies of scale of power plants as well as entrance into green power trading to inject profits from electricity sales revenue can not only create a long-term and stable source of income for the group, but also fulfill its corporate responsibility, reduce carbon emissions, and contribute to the sustainable development of the global environment. Infinite Finance is committed to becoming the most reliable support for small and medium-sized enterprises, a benchmark in the Asian leasing industry, and a model of corporate citizenship.

Figure 3: Group photo of the management team of Infinite Finance at the pre-listing performance presentation
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