With the disclosure of annual reports, the performance of licensed consumer finance has gradually surfaced. According to the reporter’s incomplete statistics, as of April 1, most of the net profits of licensed consumer financial institutions that have disclosed the performance of 2021 have achieved positive growth, and the performance of the head company of consumer financial institutions is good. Among the six licensed consumer financial institutions that have disclosed their performance, three have made a net profit of 1 billion yuan, namely Zhaolian consumer finance, Societe Generale consumer finance and instant consumer finance.
3 institutions have made a net profit of RMB 1 billion “club”
Due to the incomplete performance data disclosed by some consumer financial institutions, the net profit and its year-on-year growth rate cannot be fully explored. However, from the disclosed situation, the total assets of Zhaolian consumer finance in 2021 were 149698 billion yuan, a year-on-year increase of 38%. The annual revenue was 15.933 billion yuan, up 24% from 12.816 billion yuan last year; The net profit was 3.063 billion yuan, a year-on-year increase of 83.6%.
Compared with the revenue of Zhaolian consumer finance in previous years, the growth rate of net profit of Zhaolian consumer finance in 2019 and 2020 is far lower than that in 2021. According to the data, in 2019 and 2020, the operating revenue of Zhaolian consumer finance was 10.74 billion yuan and 12.816 billion yuan respectively; The net profit was 1.466 billion yuan and 1.668 billion yuan respectively. The year-on-year growth rate of net profit was 17% and 13.78% respectively, while the year-on-year growth rate of net profit reached 83.6% in 2021.
From the performance of consumer finance, the net income in 2021 exceeded 10 billion yuan, reaching 10 billion yuan, a year-on-year increase of 31.6%; The net profit was 1.382 billion yuan, up 94% from 712 million yuan last year, and the tax amount was 870 million yuan.
In addition, industrial consumer finance achieved an operating revenue of 8.391 billion yuan in 2021, a year-on-year increase of 29.78%; The net profit was 2.230 billion yuan, a year-on-year increase of 65.14%. Compared with the data of previous years, industrial consumer finance achieved an operating revenue of 6.465 billion yuan in 2020, a year-on-year increase of 28.4%; The net profit was 1.35 billion yuan, a year-on-year increase of 30.94%.
Other data indicators, as of the end of last year, the total consumer financial assets of Societe Generale were 61.790 billion yuan, a year-on-year increase of 38.67%. According to the data of previous years, by the end of 2018, 2019 and 2020, its total assets were 22.262 billion yuan, 37.352 billion yuan and 44.559 billion yuan respectively. It can be seen that its total assets have been rising.
According to the annual report of Haier consumer finance in 2021, in 2021, Haier consumer finance realized a net interest income of 2.064 billion yuan, a year-on-year increase of 76%, and a net profit of 191 million yuan, a year-on-year increase of 56%.
The performance data disclosed in the same period include Shanxi Merchants’ consumer finance and Hubei consumer finance. The reporter noted that the net profits of the two companies were less than 100 million yuan. Last year, Shanxi consumer finance had an operating revenue of 550 million yuan and a net profit of 60.93 million yuan; In 2021, the operating income of Hubei consumer finance was 728 million yuan and the net profit was 93.19 million yuan.
In addition, the performance of Xiaomi consumer finance, which has been open for only two years, has also been unveiled. According to the financial report, by the end of 2021, the total assets of Xiaomi consumer finance were 6.316 billion yuan and the net assets were 1.505 billion yuan; In 2021, the net profit was 3.68 million yuan.
According to Yu Baicheng, President of zero one research institute, the head consumer financial institutions continued to expand in 2021 and submitted a good report card. The asset scale, revenue and net profit all achieved high growth. “From the data, the performance of head institutions is similar. The growth rate of revenue is generally lower than that of asset scale, which is due to the reduction of product interest rate under the background of industry norms; the growth rate of net profit is generally faster than that of revenue, which is more effectively controlled in terms of cost control and bad debts.” Yu Baicheng said.
multi agency innovation plus “green”
In addition to the regular performance data, some consumer financial institutions also announced the layout of science and technology empowerment, Rural Revitalization and green consumer finance.
It is disclosed that as of the end of December 2021, the total number of rural users served by immediate consumption was 277882 million, with a transaction volume of 326325 billion yuan. At the same time, we should innovate and add “carbon neutrality” to save energy and reduce emissions from multiple dimensions, such as green operation and building a low-carbon culture. Environmental responsibility is also an important part of the integrated ecology of immediate consumption. By the end of 2021, 911900 tons of carbon emissions had been reduced through business, financial cloud, electronic contract, intelligent customer service and so on.
In 2021, Societe Generale consumer finance specially formulated an action plan for green consumer finance and sustainable development, which will take green credit as the starting point and foothold, improve the comprehensive service system of green consumer finance, and promote inclusive finance to improve quality and efficiency. In addition, in 2021, 30 thousand rural households accounted for more than 65% of the total number of households. The number of registered residence clients in the county was 10%.
In terms of science and technology research and development, according to the disclosure of immediate consumer finance, by 2021, there were more than 1300 technical employees, accounting for more than 70% of the total number of the company; 605 invention patents have been applied for, and more than 900 sets of core technology systems covering the whole business process and life cycle of consumer finance have been independently developed. At the same time, instant consumption has helped 200 financial institutions with digital transformation, covering more than 200 mainstream consumption scenes, and more than 1 million merchants have reached cooperation. In addition, the technology and risk control personnel of Haier consumer finance account for more than 50% of the total employees.
Looking at the whole industry, the consumer financial market is still favored by all parties. It is generally believed in the industry that the consumer finance industry has entered a new stage of high-quality development under the increasingly improved regulatory framework, and financial institutions with scientific and technological genes can be stable and far-reaching.
Su Xiaorui, senior analyst of Analysys analysis financial industry, told that at present, the performance of licensed consumer finance continues to improve. It is expected that the overall situation of the industry will continue to improve in the future. The head institutions will continue the characteristics of “the stronger the stronger”. In the future, the position of licensed consumer finance institutions in the industry will be determined from three aspects, among which scientific and technological strength and scientific and technological innovation ability are the key elements occupying the core position. These three aspects are: first, technology. New technology will continue to promote the optimization of consumer finance processes and help improve business efficiency; The second is the scenario. It is expected that licensed consumer money institutions will increase their search for scenario expansion and the structure of the financial ecosystem; The third is the mode. With the increasing cost of online customer acquisition and the continuous improvement of epidemic normalization prevention and control, Wuxi Online Offline Communication Information Technology Co.Ltd(300959) organic linkage mode will become the core competitiveness of consumer financial institutions.
