During the Year, the Group’s total revenue increased significantly by 34.4% year-on-year for
Although the COVID-19 pandemic and the changing macro-economic environment have brought challenges and uncertainties,
The Group primarily offers two credit products through its pure online loan origination processes, including credit card balance transfer products and consumer credit products, both of which are based on installment payments. . For the year, the total number of transactions was 3.4 million. The average term of the Group’s credit products was approximately 9.4 months and the average loan size was approximately
The quantity and quality of customers have grown remarkably
Thanks to its proactive management, improved communication channels, targeted marketing and better brand recognition, the Group has succeeded in expanding its user base. The number of registered users of
Optimize risk management to improve asset quality
The Group places great emphasis on technology-driven risk management, iterating its credit risk models through the introduction of multi-dimensional data sources, in-depth credit risk performance analyzes and testing. sophisticated. The Group has also constantly adjusted its risk management and credit policies to maintain a prudent approach to risk and efficiency of operations in order to generate exceptional business growth and controllable credit risk performance. In addition, the Group’s credit risk management capability allows it to maintain its core competitiveness and position itself well to support healthy business growth and defend against macroeconomic uncertainties. During the year, thanks to the timely adjustment of the policy and the optimization of the risk models, the Group managed to maintain its first delinquency rate at an industry-wide low level. by approximately 0.42%, which is conducive to improving the quality of the Group’s assets.
Win-win collaboration and close partnership with financial partners
To support the rapid and sustainable development of its business, the Group worked closely with 69 external financial partners during the Year, including national joint-stock commercial banks, consumer finance companies and trusts, which have built up a diversified and well-off funding pool. These lasting and stable collaborative relationships have enabled the Group to improve its financing costs. In addition, the Group’s guarantee companies, third-party guarantee companies and asset management companies form an ecosystem that ensures the Group’s financing flexibility and ensures the protection of its financial partners.
Going forward, in order to create sustainable investment returns for its shareholders, the Group will strive to provide shareholders with regular dividends with a normal target payout ratio of between 20% and 30% of the Group’s audited consolidated net profit. each year, subject however to such factors as the Board deems relevant, i.e. the Group’s financial results, available distributable reserves and cash position, etc.
At the same time, in order to contribute to the continued growth of its consumer credit activity and to meet the financial needs of a high-quality clientele, the Group will endeavor to proactively refine its commercial strategies and develop its technology to better serve its customers. to improve brand recognition. While enhancing risk management capability through ever-evolving technology and artificial intelligence, the Group will enhance regulated and long-term collaborations with licensed financial institutional partners and other business partners, hoping to create a wide gap for business development. In addition to the organic growth of its existing consumer finance business, the Group will also seek to grow and diversify its business by actively identifying suitable investment and acquisition targets, thereby maintaining its competitiveness in an ever-changing macroeconomic environment. .
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