Because Chongqing Ant Consumer Finance Co., Ltd. invested by China Xinda is only a subsidiary of Ant Group, specializing in flower buds. At present, it is in a state of loss and its profitability is limited.

At present, the core "profit cow" of Ant Group is Ant Borrowing, which belongs to Chongqing Ant Shangcheng Microfinance Co., Ltd. and is currently held by Ant Group 100%.

Ant Group is not completely controlled by Alibaba. According to the current public data, Alibaba only accounts for 32.64% of the shares of Ant Group. In the whole 20021fiscal year (April 2020 to March 20021year), Ant Group only brought Alibaba an investment income of1969.3 billion yuan, accounting for only 13% of Alibaba's143.2 billion profit. Alibaba's core profit source is still e-commerce.

Ant group equity chart

Profit contributed by Ant Group to Alibaba in fiscal year 20021.

Alibaba's operating income and net profit range from 20 17 to 202 1

However, we also know that Ali has been experiencing great events this year. Due to the high leverage ratio, the financial business has been put on a "tight spell". The e-commerce business was also banned by Viya, a sister of Taobao, and the business in Alibaba Cloud was suspended by the Ministry of Industry and Information Technology for six months because of the "compliance" risk. For details, please see my other article (Alibaba, can you return to the top? )。

Under this circumstance, although the central enterprises' shareholding in Ant Financial has brought certain positive effects to the consumer business of Ant Group, it is difficult to fundamentally change Ali's decline. Whether Ali can get out of the predicament depends on the development of Ali's own business, such as turning losses into profits in e-commerce business, expanding overseas markets, and making breakthroughs in Alibaba Cloud's computing and chip business.

I have no contact and no research. Just consciously: "ant" is Ma Yun's handwriting of "changing banks". It operates on the Internet and big data. This is a very large space and a very low-cost and wide-ranging business. The shareholding of central enterprises is the development of banks. This is not straw.

The key to this matter depends on whether the ant company has foreign capital. Investors like Masayoshi Son of Japan are also involved. If the ants are completely played by domestic enterprises, then if the ants are not playing well and the funds are broken, it is estimated that the state will help them. After all, most of the loans issued by Huabai are domestic borrowers, and the state will at least not let the people suffer. However, as for the future development of flower buds, it is estimated that the state will introduce policy management. Personal opinion, don't take it seriously.