Guangzhou Yuexiu Financial Holdings Group Co. , Ltd. (formerly known as "Guangzhou Friendship", stock code 000987) was listed in the main board of Shenzhen Stock Exchange in 2000. In April of 2016, the company managed to raise ¥10 billion for the acquisition of 100% equity of Guangzhou Yuexiu Financial Holdings Group Co. , Ltd. through a private placement. Meanwhile, it was transformed from a single department business to the business model of focusing on 2 main areas including Finance and Department Store. On August 1st, 2016, the company's security abbreviation was changed to "YXFHC" and became the first local financial holdings listed platform in China. By the end of 2016, its total market capitalization reached ¥32.2 billion, ranking 324th among the top 500 listed companies of China; its total assets reached ¥66.853 billion which was nearly 20 times compared with the size by the end of 2015. The company's gross revenue was ¥5.741 billion, increasing by 104.73% year on year. The net profit attributing to shareholders of the listed company was ¥620 million.