March 14, Financial Technology CorporationPat the loanPublish unaudited financial reports for the fourth quarter of 2018 and the whole year.
According to the report, the amount of borrowings in the fourth quarter of 2018 reached 17.617 billion yuan, a year-on-year increase of 19.2% and a year-on-year increase of 0.3%.Net profitIt reached 774.6 million yuan, turning losses into profits.
Zhang Feng, CEO of the pat-lot loan company, said that the loan-to-loan business in the fourth quarter has made great progress. Among them, the proportion of borrowings contributed by the joint venture fund partners increased from 14.3% in the third quarter of 2018 to 20.4% in the fourth quarter.
As for the whole yearPerformanceThe financial report shows that the total revenue of the platform in 2018 reached 4,287.6 million yuan, a year-on-year increase of 10.1%, of which the fourth quarter revenue was 1,219.2 million yuan, an increase of 33.7%; the company's annual net profit was 2,469.5 million yuan. 2017 increased by 128.0% for the whole year.
As for the overdue rate, as of December 31, 2018, the overdue rates of auctions for 15-29 days, 30-59 days, and 60-89 days were 0.92%, 1.63%, and 1.41%, respectively, compared to the end of the third quarter. The data was reduced by 0.11, 0.14 and 0.08 percentage points respectively.
In the second quarter of last year, the online lending industry ushered in the third wave of thunderstorms. As a result, some investors were frustrated, causing investors to “float” with funds.
According to zero-country statistics, in 2018, China's P2P online lending industry active borrowers (excluding individuals and institutions) are estimated to be around 12.52 million, a year-on-year decline of 7.26%. The per capita loan amount was 129,000 yuan, a 36% decrease from 2017 (201,000 yuan).
In terms of total borrowings, the total borrowings of the P2P online lending industry as of the end of 2018 was about 7.69 trillion yuan. Among them, the total borrowing in 2018 was 1.62 trillion yuan, a significant decrease of 40.3% from 2017 (2.71 trillion yuan).
Under the cold winter of the whole year, it is not easy to make a profit by patting a loan. The pat on the loan credits the credit for the credit business, but in fact, this is only one of the reasons.
On the whole, the 2018 violent thunder platform is quite a lot, and there are many big platforms such as Cast House and Tang Xiaoxuan, which have certain negative impacts on the small and medium-sized platforms, but have played a positive role in the industry's head platform.
Earlier, a certain head platform said in an interview with International Finance News, "In the process of thunder, the 28th effect of the entire online loan industry is more significant, which will intensify the reshaping of the industry pattern. And this is for all aspects. For the platform that has already run ahead, it is a big benefit. The continuous growth of profits and the increase of growth rate will become the norm for many big platforms, especially the listing platform.” Now, from the situation of the listed and announced financial reports, this The sentence seems to be verified.
In addition, it is worth mentioning that even in the second quarter of 2018, when the volume of the entire industry is in a downturn, from the financial report, the head platform is still in a profitable state, such asLexinNet profit in the second quarter reached 724 million yuan.Fun shopIn the second quarter, it was 724 million yuan, and the second quarter net profit was 607.8 million yuan.
This also means that in the context of the continuous outbreak of industry risk events, the demand of both the supply and demand sides of the online loan market has not disappeared. Rather, when the risk of the entire industry is highlighted, investors learn to be more inclined to choose a relatively more reliable head platform, resulting in a bigger platform, and small and medium platforms face more crises. Therefore, as an early pat on loan established in the country, it is not surprising that this result can be achieved.
Was expelled from the loan yearinterest rateOver 60%
For a long time, pats and loans have been ranked relatively high in the industry. Since the listing, it has become the focus of choice for non-investors, but the negative information of its platform has never stopped.
In January of this year, according to the report of Zhongxin Jingwei, there were many complaints about the auction of loan loans, saying that they were collected by the platform after the borrowing of the loan was overdue. The means of collection included telecom harassment, intimidation, and “explosive address book”.
More investors said that they found that the actual repayment period of the auction was made when they borrowed the loan platform.interest rateIt has exceeded 60%, far exceeding the 36% red line stipulated by national laws. In this regard, there has not been much response to the pat on the credit side.
However, according to industry insiders, in fact, many of the borrowing interest charged by the platform to the borrower is not the data seen on the platform, but will charge the user more fees in the form of various fees.
In addition, the different calculation methods of the platform will also lead to different interest rates, such as equal principal and interest, etc. The final calculation of the principal and interest, the equal principal, etc. will be different. The key point is that the borrower should pay attention to distinguish between borrowing and avoiding Bring risks.
(Article source: Casting network)