P2P dynamics: Why hasn't the loan been retired? You will understand after reading the letter and technology financial report

On August 25th, Xinyi Technology, a financial technology company listed in the US stock market, released its unaudited financial performance report for the second quarter of 22.

according to the financial report data, xinye technology's operating income in the second quarter of 22 was 1.815 billion yuan, up 1.3% year-on-year; The net profit was 454 million yuan, a year-on-year decrease of 31.26%; The net profit attributable to shareholders was 457 million yuan, a year-on-year decrease of 3.78%.

Although the net profit decreased by more than 3% year-on-year, it is already a very bright and eye-catching performance report for the P2P platform of a newly transformed technology company, with the following three highlights:

According to the second quarter financial report of Xinyi Technology, The overdue rates of 15-29 days, 3-59 days, 6-89 days, 9-119 days, 12-149 days and 15-179 days are .71%, 1.36%, 1.7%, 2.%, 2.75% and 2.38% respectively.

The average overdue rate of D1 (one day overdue) in the last four weeks is about 7.5%, which has been declining continuously compared with 9.5% in May and 12.4% in the fourth quarter of last year. At the same time, the repayment rate of M1 (the first overdue period) has reached 88%, a record high this year, which is better than the level before the epidemic.

the main reason for the decrease of overdue rate and the increase of repayment rate is that a lot of technology, manpower and material resources have been invested, which further improves the overall risk control ability.

for the traditional P2P platform, because it is only a fund matching intermediary and has no own funds for lending, all the sources of funds are obtained through third-party lending, so there is an ultra-high borrowing interest rate.

However, the transformed P2P platform will "converge" a lot. For example, at present, Xinyi Technology has fully docked more than 3 licensed financial institutions, such as banks, consumer finance companies and trusts. Compared with obtaining funds from lenders, the capital cost shows a downward trend and there is room for further decline.

according to the company, its average capital cost in the second quarter was about 9%, and the cost of new capital was lower than 9%. It is expected that the capital cost will further drop to about 8% in the fourth quarter of this year. In this way, combined with operating costs and other expenses, the comprehensive lending rate should and can be maintained at a reasonable level under the influence of the adjustment of the upper limit of private lending rate.

in the case of P2P transformation technology companies, xinye technology can be said to be a typical one.

for example, xinye technology officially launched the "antelope wealth" client in June this year by empowering its own scientific and technological strength to the smart wealth management business.

Antelope Fortune selects high-quality products in the market, providing diversion services for financial institutions and providing users with online one-stop diversified product selection through technical means. At the same time, it can also help traditional financial institutions (especially small local banks) to realize digital transformation, and enhance the technical capabilities of retail finance business, micro-finance business and consumer finance business.

generally speaking, some time ago, people were asking me why the loan has not been repaid. Have you understood the second quarter financial report of Xinyi Technology? # Paipaidai #