China Commercial Credit Inc (GLG) 10-Q Quarterly Report June 2020

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	Jun. 26, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	TD Holdings, Inc.
Entity Central Index Key	0001556266
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		68,585,806
Entity Filer Number	001-36055
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	DE

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Inside China Commercial Credit Inc's 10-Q Quarterly Report:

Financial - Expense Highlight
The decrease was mainly attributable to combined effects of a decrease of other operating expenses of $358,518 as a result of closures of our car rental facilities for the three months ended March 31, 2020, and a decrease of legal and consulting expenses of $1,220,923 as a result of 1) issuance of 502,391 restricted shares as compensation of $884,208 to certain service providers for the three months ended March 31, 2019, while no such issuance for the three months ended March 31, 2020, and 2) a decrease in expenses incurred for the registered direct offerings in April and May 2019, including an increase of audit related fees of $156,659, an increase of commission of $100,000 to a third party vendor for referral of underwriters.

Revenue - Product Highlight
We believe our future success depends on our ability to significantly increase sales as well as maintain profitability from our operations.
Revenue - Product Highlight
Total revenue increased by $1,083,061 or 271%, from $399,99 for the three months ended March 31, 2019 to $1,483,060 for the three months ended March 31, 2020, among which revenue from commodity trading, supply chain management and car leasing accounted for 71.1%, 28.0% and 0.9%, respectively, of our total revenue for the three months ended March 31, 2020.
Other - Other Highlight
Through Huamucheng VIE structure, the Company is able to consolidate operations of Huamucheng effective November 22, 2019 and now operates a separate commodity trading business.
Revenue - Product Highlight
(2) Revenue from supply chain management services In connection with the Company's commodity sales, in order to help customers to obtain sufficient funds to purchase various metal products and also help upstream metal and mineral suppliers sell their metal products, the Company launched its supply chain management service business in December 2019, which primarily consisted of loan recommendation services and distribution services.
Revenue - Product
Such revenue is recognized at...Read more
Financial - Shares
The Company expects to use...Read more
Revenue - Product
28 29 We generate revenue...Read more
Revenue - Product
The Company primarily generates revenues...Read more
Revenue - Product
In connection with the Company's...Read more
Revenue - Product
Both revenue from sales of...Read more
Financial - Shares
31 We have financed our...Read more
Financial - Earnings
These risks and challenges include,...Read more
Financial - Expense
Selling, general and administrative expenses...Read more
Financial - Expense
Total cost of revenue increased...Read more
Financial - Expense
Costs associated with Operating lease...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

China Commercial Credit Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Certification

Exhibit 31.2: Certification

Exhibit 32.1: Certification

Exhibit 32.2: Certification

Ticker: GLG
CIK: 1556266
Form Type: 10-Q Quarterly Report
Accession Number: 0001213900-20-015938
Submitted to the SEC: Fri Jun 26 2020 3:38:37 PM EST
Accepted by the SEC: Fri Jun 26 2020
Period: Tuesday, March 31, 2020
Industry: National Commercial Banks