According to the financial report data, Xinyi Technology's operating income in the second quarter of 2020 was 18. 105 billion yuan, a year-on-year increase of10.3%; The net profit was 454 million yuan, a year-on-year decrease of 365,438+0.26%; The net profit attributable to shareholders was 457 million yuan, a year-on-year decrease of 30.78%.
Although the net profit decreased by more than 30% year-on-year, it is already a very eye-catching performance report for a P2P platform of a newly transformed technology company, with the following three highlights:
According to the second quarter financial report of Xinyi Technology, its 15-29 days, 30-59 days, 60-89 days, 90-1 9 days, 120- 149 days,/kloc.
D 1 (overdue 1 day) The average overdue rate in the past four weeks was about 7.5%, which showed a continuous downward trend compared with 9.5% in May and 12.4% in the fourth quarter of last year. At the same time, the payment rate of M 1 (overdue 1 day) reached 88%, a record high this year.
The main reason for the decline of overdue rate and the increase of repayment rate is that a lot of technology, manpower and material resources have been invested, which further enhances the overall risk control ability.
For the traditional P2P platform, because it is only a fund matching intermediary, there is no self-owned funds for lending, and all the sources of funds are obtained through third-party lending, so there is an ultra-high loan interest rate.
But the transformed P2P platform will "converge" a lot. For example, at present, Xinyi Technology has fully docked more than 30 licensed financial institutions such as banks, consumer finance companies and trusts. Compared with obtaining funds from lenders, the cost of capital is declining, and there is room for further decline.
According to the company, its average capital cost in the second quarter was about 9%, and the new capital cost was lower than 9%. It is estimated that the capital cost will further drop to around 8% in the fourth quarter of this year. In this way, combined with operating costs and other expenses, under the influence of the adjustment of the upper limit of private lending interest rate, the comprehensive lending interest rate should also be able to maintain a reasonable level.
Nowadays, in the case of P2P transformation technology companies, Xinye Technology can be said to be a typical one.
For example, Xinyi Technology officially launched the "Antelope Fortune" client in June this year by empowering its own scientific and technological strength with intelligent wealth management business.
Antelope Fortune selects high-quality products in the market, provides diversion services for financial institutions, and provides users with online one-stop diversified product selection through technical means. At the same time, it can also help traditional financial institutions (especially small local banks) to realize digital transformation and improve the technical capabilities of retail finance business, micro-finance business and consumer finance business.
Generally speaking, a while ago, everyone was asking me why the mortgage loan had not been refunded. Did you understand the second quarter financial report of Xinyi Technology? # Pat the tape #