The semi-annual report shows that most companies have increased their revenue, and the proportion of leading companies has expanded——

Consumer finance has entered a steady development track

　　Our reporter Qian Qingni

　　At present, a number of consumer finance companies have already handed in their "transcripts" for the first half of 2021.

"Judging from the published performance, consumer finance companies have basically digested the impact of the new crown pneumonia epidemic in the first half of this year and are on the track of steady development." On August 31, Dong Ximiao, chief researcher of China Merchants Union Consumer Finance Corporation, accepted the Economic Daily The reporter said in an interview that as of the end of 2020, 30 consumer finance companies in my country have been approved for establishment, 28 of which have already started operations.

In terms of scale, the asset scale of major consumer finance companies has steadily increased; in terms of profitability, most consumer finance companies have achieved positive growth in operating income and net profit, and some companies have increased their profits by a large margin; in terms of asset quality, most consumer finance companies have non-performing loans The rate remains at a low level.

　　According to the "China Consumer Finance Corporation Development Report (2021)" released by the China Banking Association on July 26, as of the end of 2020, the asset scale of consumer finance companies exceeded 500 billion yuan for the first time, reaching 524.649 billion yuan, a year-on-year increase of 5.18%; loan balances 492.78 billion yuan, a year-on-year increase of 4.34%; a total of 163,394,700 customers served, a year-on-year increase of 28.37%.

　　In the eyes of many industry insiders, the polarization of consumer finance companies is intensifying, and the market share of leading consumer finance companies continues to expand.

For example, the total assets of China Merchants Union Consumer Finance Company in the first half of the year were 129.843 billion yuan, an increase of 19.88% from the beginning of the year, accounting for about a quarter of all consumer finance companies; net profit was 1.542 billion yuan, a year-on-year increase of 166.7%.

Immediately, the total assets of the consumer finance company reached 57.017 billion yuan, with a net income of 4.625 billion yuan and a net profit of 441 million yuan.

While achieving double growth in revenue and profit, the consumer finance company immediately registered nearly 140 million registered users, established credit records for more than 6.5 million credit white accounts, and paid more than 3.6 billion yuan in total, building a digital intelligence enhancement and technology-driven , A new pattern of inclusive and wealthy services.

In the first half of this year, Centaline Consumer Finance Company achieved operating income of 1.563 billion yuan, and the number of loans exceeded 11.5885 million. Both the amount of consumer loan loans and the number of loans were increased, and the accumulated loans exceeded 43,223,700.

As of June 30, 2021, the Central Plains Consumer Finance Company's cumulative loan amount was 135.155 billion yuan; the loan balance was 23.614 billion yuan, a new loan balance of 4.314 billion yuan from the beginning of the year.

　　"In the next step, the differentiated development trend of consumer finance companies will continue to be consolidated, and the stronger the stronger the market structure will be consolidated and deepened." Dong Ximiao believes that consumption has become the first driving force of economic growth. With the rapid recovery of my country's economy, consumer finance companies still face good development opportunities.

At the same time, consumer finance companies will upgrade from the competition of scale and speed to the competition of quality and efficiency, and the ability to obtain low-cost funds has become the focus of victory.

　　It is not difficult to see that although consumer finance companies can issue public consumption loans, they cannot absorb public deposits.

Limited by the leverage ratio, having diversified and low-cost funding sources has become an important factor affecting the sustainable development of consumer finance companies.

At the beginning of this year, Zhongyuan Consumer Finance Company was approved for credit asset securitization business, becoming the first and the 14th licensed consumer finance company in the country to be approved for credit asset securitization during the year.

The acquisition of this qualification means that Centaline Consumer Finance Company has made new breakthroughs in broadening financing channels. On the one hand, it can solve the company’s capital problems and reduce financing costs. On the other hand, it can optimize the asset structure and increase the company’s current assets ratio to meet consumer finance requirements. The company’s financing needs.

　　China Post Consumer Finance Corporation's 2021 syndicated loan has also recently completed oversubscription. The syndicated loan attracted 7 Chinese and foreign banks to participate in the syndicated fundraising, with a total raised of 1.4 billion yuan, which is the largest syndicated loan in the industry so far this year.

Prior to this, the Industrial Consumer Finance Company also completed the first two-year syndicated loan collection in 2021.

In addition to the aforementioned two bank-based consumer finance companies, Immediate Consumer Finance Corporation also successfully raised the first syndicated loan and completed the withdrawal, with a total loan amount of 530 million yuan.

　　At the same time, in the opinion of industry experts, with the strengthening of supervision, especially the protection of consumer rights, the credit interest rate of consumer finance companies will return to a more reasonable level. The model of covering high risks with high interest rates will not be sustainable and will be tested more and more sophisticated. Optimized operational capabilities.

From the perspective of business models, the online model will become the main way for consumer finance companies to acquire customers and marketing, and digital capabilities will become a key element that determines the long-term development of consumer finance companies.

　　In fact, consumer finance companies including China Merchants Union, China Post, and China Post have increased their investment in technology.

"Immediately, consumer finance companies regard sustainable development based on long-termism as their core goal, and constantly pursue the maximization of social benefits, insist on long-term investment in scientific and technological research and development, and gradually improve service quality and efficiency through scientific and technological means to achieve inward growth, internal and external empowerment "Immediately, Zhao Guoqing, chairman of the Consumer Finance Company, said.

Taking intelligent customer service as an example, based on core technologies such as intelligent decision-making, AI interaction, and human-machine collaboration, consumer finance companies have handled more than 50,000 consultations per day, with an intelligent customer service diversion rate of 93% and a problem identification accuracy rate of 93%. , Far more than the same period last year.