Recruitment of consumer finance in the first half of the year of assets, the dual revenue of the scale of liabilities, and the growth of two -digit net profit

Economic Observation Network reporter Wan Min on August 8th, China Unicom announced the 2022 semi -annual report, which disclosed the performance of Zhaolian Consumer Financial Co., Ltd. (hereinafter referred to as "Zhaolian Consumer Finance") in the first half of the year.

As of the end of June 2022, Zhaolian's total consumer financial assets were 142.971 billion yuan, a decrease of 4.5%from 149.698 billion yuan in the end of 2021; liabilities were 127.296 billion yuan, a decrease of 6.2%from 135.661 billion yuan in the end of 2021.

The asset size of Zhailian Consumer Finance has risen at a speed of one step per year. As of the end of 2018, the end of 2019, the end of 2020, and the end of 2021, the total assets were 74.748 billion yuan, 92.697 billion yuan, 108.31 billion yuan, 149.698 billion yuan; They were 66.855 billion yuan, 83.337 billion yuan, 97.284 billion yuan, and 135.61 billion yuan.

Judging from the data displayed by the annual report in 2021, Zhaolian Consumer Finance is the only licensed consumer finance company with a threshold of 100 billion yuan in assets. About a quarter, the head effect is obvious. The scale of consumer finance and liabilities declined, or it was related to the overall consumer finance industry being plagued by the epidemic in the first half of the year.

Affected by the epidemic, the activity of multiple consumer finance apps in the first quarter of 2022 fell. Observatory analysis believes that, in the context of digital transformation in various industries, although the online consumption model has become the mainstream, with the rebound of the epidemic, residents' willingness to consumption has gradually weakened, consumption tendency has decreased, personal savings and risk aversion The willingness is relatively strong. Since February this year, it has been affected by factors such as the rebound of the epidemic and the adopted static management in some areas, and the aforementioned trend has further deepened. In the short term, market credit demand may continue to be weak.

Despite the decline in scale, the profitability of consumer finance business remains at a certain level. China Unicom's semi -annual report shows that in the first half of the year, the operating income of consumer finance was 8.416 billion yuan, an increase of 13.88%compared with 7.390 billion yuan in the same period last year; net profit was 1.937 billion yuan, which was 1.542 billion yuan in the same period last year, a year -on -year increase of 25.62% Essence

In the past three years, Zhaolian Consumer Finance's operating income was 10.740 billion yuan, 12.816 billion yuan, and 15.93 billion yuan, respectively; net profit was 1.466 billion yuan, 1.668 billion yuan, and 3.063 billion yuan, respectively.

China Unicom's financial report disclosed that in the first half of 2022, its subsidiary Unicom operating company received a cash dividend of RMB 150 million by Zhaolian Consumer Finance; the investment income of the Consumer Consumer Finance Rights Law was RMB 970 million.

Looking forward to the second half of the year, from the perspective of the trend, the short -term consumer loans of residents disclosed by the central banks in May 2022 and June have increased, showing that the depression of consumer demand brought by the epidemic has eased.

Observatory's analysis predicts that with the gradual control of the epidemic in key cities such as Beijing and Shanghai, the densely introduced by various policies such as promoting consumption, tax reduction and fees, and subsequent consumption demand is expected to be released.

However, at the same time, various types of consumer loans, including banks, have lowered their interest rates to "grab customers", and the profit margin of consumer finance companies will face more competition.

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