Financial Technology Company's "sun" transcript in the second quarter: interest rate drop target small WeChat credit forces

Economic Observation Network Reporter Wang Qing listed Financial Technology Co., Ltd. is densely disclosing financial data in the second quarter.

As of August 25, 6 companies including Lu Jin, 360, Lexin, Jiayinjin, Xinye Technology, and Xiaoying Technology all handed over the second quarter transcripts.

The financial report in the second quarter shows that the head fintech company controlled by Lu Jin Institute was still growing in the second quarter of 2022, but the year -on -year growth rate was slightly weak; in terms of net profit, the above companies remained profitable, but in addition to Jiayin Yinyin Outside of the Gold, other companies have declined to varying degrees.

In this regard, Wang Pengbo, a senior analyst at Boyong Consulting Financial Industry, believes that on the one hand, the repeated impact of the epidemic in the second quarter has led to a decrease in consumer demand, the desire to expand the desire to survive, and the overall credit demand is narrowed; on the other hand, the industry interest rate has dropped to 24% The desire of lending is shrinking within the background of the decline in transaction scale, and the increase in risk control investment in the background of the decline in transaction has also affected the profit growth rate.

It is worth mentioning that in the above -mentioned information disclosed by the above -mentioned financial technology companies, all of them are an important part of the future development of small and micro enterprises.

The growth rate of net profit declines

The financial report data shows that the second quarter revenue and net profit of Lujin Institute are still at the head of the industry, but the growth rate has slowed down. In the past six quarters, the income increase has not increased for the first time. Specifically, in the second quarter, the company realized revenue of 15.288 billion yuan, an increase of 3.10%year -on -year; net profit attributable to mother was 2.909 billion yuan, a year -on -year decrease of 39%.

The second place in revenue and net profit is 360. According to the financial report, the revenue of 360 Division in the second quarter of the second quarter was 4.1083 billion yuan, an increase of 4.5%compared with the revenue of 4.01 billion yuan in the same period last year; the net profit was 975 million yuan. Compared with the net profit of the same period of the previous year, 1.548 billion yuan, year -on -year, year -on -year Fall 37%.

Xinye Technology promoted the amount of borrowing of 41.5 billion yuan in the second quarter of 2022, an increase of 24.3%year -on -year, and achieved a year -on -nine consecutive quarter growth; the second quarter revenue was 2.666 billion yuan, an increase of 11.80%year -on -year; the net profit in the second quarter was 585 million yuan, a decrease of 5.70 year -on -year decreased by 5.70 %.

The revenue and net profit of Lexin and Xiaoying Technology have declined. Specifically, Lexin achieved operating income of 2.413 billion yuan in the second quarter, a year -on -year decrease of 26%, and an increase of 40.9%month -on -month; net profit was 167 million yuan, a year -on -year decrease of 78%, which doubled from the previous month. 100 million yuan, a year -on -year decrease of 75.5%, an increase of 61.2%month -on -month. The total net income of Xiaoying Technology in the second quarter was 824 million yuan, a year -on -year decrease of 12%; net profit was 185 million yuan, a year -on -year decrease of 17%.

The revenue and net profit in the second quarter of Jiayin Gold have maintained growth. In the second quarter, the transaction amount reached about 13.5 billion yuan, an increase of 138.4%year -on -year; the realization of operating income was about 812 million yuan, an increase of 64.90%year -on -year; the net profit was about 254 million yuan, a year -on -year increase of 100%.

It can be seen through the above data that the financial data of each fintech company in the second quarter did not converge.

In this regard, Yu Baicheng, the dean of the Zero One Research Institute, believes that the financial technology platforms such as Lu Jin, 360 Digated, Lexin, and Jiayinjinke mainly provided digital credit services. In the first half of the year Difficulties, decline in interest rates, decline in asset quality, and business compliance, but the response strategies of each family are different.

On the whole, the performance of listed fintech companies is weak. How can we achieve steady development under the downward rate of interest rates and complex external environments?

Wang Pengbo believes that first of all, fintech companies need to actively deploy into new scenarios, such as bank IT transformation markets; secondly, the lifeline that adheres to compliance operations is the only way out; in addition, it must gradually get rid of channel dependence, improve technical capabilities and technology Benefiting.

Little WeChat

The reporter noticed that while fintech companies focusing on expanding the size of borrowing users, they also gradually improved the credit level of the borrower and optimized the structure of the borrowing user customer group. The objects robbed by various financial technology companies.

Some insiders of fintech companies stated that "the future loan interest rate drop has dropped to 24%in the future, which has become a major trend in the development of the industry. The reduction of speed and quality has become a development consensus. On this basis, the company must upgrade the customer base accordingly , Dig more high -quality customer bases. "

Continuously optimized the customer base, and also reduced the adverse rates of some fintech companies. As of the first half of the year, the overdue rate from 61 to 90 days from 0.53%to 0.44%at the end of the second quarter was reduced from the end of the first quarter; the overdue rate of all the unsuccessful loans of all 31-60 days over the 31-60 days of Xiaoying Technology was 1.31%from 1.31%from 1.31%. Fall to 0.93%.

"As the company optimizes the risk model and introduces more high -quality users, the overall risk status of our borrowers continues to improve. The debating rate on the first day was further improved from 5.2%of the previous quarter to 4.9%, a record low Zheng Yan, chief risk officer of the subject, said at the performance conference call.

At the same time, Little WeChat Credit has also become the development consensus of various fintech companies.

In fact, in the first quarter of this year, the Central Bank and the CBRC issued the "Notice on Strengthening the Financial Services of New Citizens" to deepen the inclusive finance and promote the steady development of the economy. The combination of business and service "new citizen groups" continues to sink the inclusive financial business. Affected by the uncertainty of the economic environment and epidemic, the production and operation of small and micro enterprises faces many challenges.

Zhao Rongzheng, chairman of Lu Jin Institute Holdings, said at the performance conference that Lu Jin's control is focusing on the diversified financial needs of the important part of the small and micro enterprise owner, providing a comprehensive comprehensive borrowing, wealth management, insurance and other comprehensives for the small and micro enterprise owners. Financial Services. "This strategic transformation is expected to extend the life cycle of our customers, deepen customer insights, enhance customer loyalty, and reduce customer acquisition and management costs."

In the second quarter, each fintech has increased its efforts to launch small WeChat credit.

Data show that in the second quarter, Lujin Institute's holding reached 129.5 billion yuan, of which 86.1%of the quarterly borrowing flowed to the small and micro enterprise owners; 360 Division issued approximately 4.9 billion yuan in credit quotas to small and micro enterprises.

Xinye Technology provided services for more than 501,000 small and micro enterprises in the second quarter, an increase of 22.8%year -on -year; the amount of loans promoted in the small and micro sector increased to 10.4 billion yuan, accounting for 25.1%of the total loan in the second quarter, a year -on -year increase of 67.7.7 %.

In addition, Xiaoying Technology's total loan in the first half of the year reached 32.129 billion yuan. Among the total loans, 46.18%flowed to small and micro enterprises and individual industrial and commercial households; Jiayin Gold Sciences provided services for more than 247,700 small and micro -enterprise owners.

In this regard, Yu Baicheng said that small WeChat credit services have been the effort of financial technology companies in the past two years, and it is also the direction of policy encouragement and the focus of banks, but small WeChat credit services are more difficult, and the risks of affected by epidemics have increased. Interest rates are generally lower, and it is difficult for fintech companies to rely on this to boost performance, and they need to seek balance between business growth and quality.

"In the long run, the core capabilities of fintech companies are still using technology to serve finance. Online business, long -tailed customer service, user experience, technology and other aspects supplement the business of financial institutions." Yu Baicheng said.

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