A few days ago, China executive information disclosure network showed that Hubei Consumer Finance Co., Ltd. (hereinafter referred to as “Hubei Xiaojin”) was included in the list of Executees, the subject matter of execution was 226546 yuan, and the execution court was the people’s Court of Wuchang District, Wuhan city. This is the first time that Hubei Xiaojin has been listed as the executee.
Tianyancha information shows that the executed case is related to a housing lease contract dispute between Hubei Xiaojin and Wuhan Hongding Real Estate Co., Ltd. the relevant case number is (2020) e0106 minchu No. 13451. At present, the specific judgment document has not been uploaded to the judgment document public network. However, it can be seen that Hubei Xiaojin is the plaintiff of the case and Wuhan Hongding real estate is the defendant. As a result, Hubei Xiaojin becomes the executee.
Hubei Xiaojin was founded in april2015 and headquartered in Wuhan, with a registered capital of 940million yuan. The shareholders and shareholding ratios are: Bank of Hubei holds 31.91% of Hubei Xiaojin, Teyi digital branch 24.47%, Yusys Technologies Co.Ltd(300674) 12.77%, TCL group 10.64%, Wande information 10.64%, Wuhan Commercial Union 4.79% and Wuhan Wushang group 4.79% respectively.
According to the performance data, from 2017 to 2020, the total assets of Hubei Xiaojin were 6.615 billion yuan, 7.189 billion yuan, 8.805 billion yuan and 9.011 billion yuan respectively, with growth rates of 90.57%, 8.67%, 22.47% and 2.34% respectively; The net profit was 45 million yuan, 103 million yuan, 101 million yuan and 16 million yuan respectively, with a year-on-year growth rate of 60.2%, 128%, – 1.98% and – 84.16% respectively.
According to the 2021 financial report released by Yusys Technologies Co.Ltd(300674) recently, Hubei Xiaojin’s assets totaled 11 billion yuan by the end of 2021, an increase of about 23% compared with the end of 2020.
According to the data, Hubei Xiaojin achieved an operating revenue of 728 million yuan and a net profit of 93.19 million yuan in 2021. The company achieved a revenue of 336.3 million yuan and a net profit of 50.8 million yuan in the first half of the year. It can be calculated that the revenue of Hubei Xiaojin in the second half of last year was 393 million yuan, an increase of about 17% month on month, and the net profit was 42 million yuan, a decrease of 16.47% month on month.
In addition, Hubei Xiaojin also frequently raises funds to replenish blood. Recently, China bond information network released the registration application report of Hubei Xiaojin’s “Chu win” series personal consumer loan ABS in the next two years. The report shows that Hubei Xiaojin plans to issue 2.5 billion yuan ABS Up to now, Hubei Xiaojin has issued five phases of ABS products with a total amount of 5.016 billion yuan. By the end of September 2021, the total liabilities of Hubei Xiaojin had amounted to 8.893 billion yuan, of which “other liabilities” accounted for 8.20%, mainly asset-backed securities issued by Hubei Xiaojin.
According to the registration application report, in terms of liability structure, by the end of September 2021, the total liability scale of Hubei consumer fund was 8.893 billion yuan, an increase of 1.385 billion yuan or 10.84% over the previous year. The main liabilities are interbank loans, borrowed funds and other liabilities, accounting for 76.81%, 10.57% and 8.20% respectively. By the end of September 2021, Hubei Xiaojin’s asset liability ratio had reached 85.73%, with a total credit line of 13.085 billion yuan.
The report disclosed that in terms of asset structure, as of the end of September 2021, the total assets of Hubei Xiaojin were 10.373 billion yuan, an increase of 1.384 billion yuan or 10.84% over the previous year. The main assets consist of loans and advances, accounting for 80.94% of the total assets at the end of September 2021.
At the same time, the capital consumption rate of Hubei Xiaojin is also fast. According to the data, by the end of September 2019, 2020 and 2021, the capital adequacy ratios of Hubei Xiaojin were 17.89%, 15.04% and 13.26% respectively, showing a gradual downward trend. Hubei Xiaojin’s asset quality is also under pressure. According to the data, from 2018 to the end of September 2021, the non-performing loan ratios of Hubei Xiaojin were 2.27%, 2.21%, 2.32% and 2.2% respectively, all above 2%.
By the end of 2020, the overdue loans of Hubei Xiaojin had totaled 401 million yuan, up 6.25% from the end of the previous year, of which the loans overdue for more than 90 days were 176 million yuan.
