Shulou(Shulou.com)06/01 Report--

Source: mutual golden list

Author: red list

Recently, statistics have been made on the operation data of several past head platforms, among which the loan balance of you and me has dropped by 55% from January 2019 to April 2020.

As of April 30th, the balance of our loan stock is 7.26 billion.

Under the trend of the industry waiting to be collected, the mutual fund platform has to face the massive loss of funds lent by individual users.

Different from the ordinary platform, such as Jiayin Jinke, the parent company of our loan, which is mainly listed on the mutual fund platform, we should not only steadily reduce the amount of online loans to be collected, but also consider the company's future profits.

Relying on the accumulation of users in the past, the most effective way is to attract institutional funds to assist in the transformation of loans.

And you and I loan in the third quarter of 2019 began to stop the new online loan business intention transformation, how is the performance?

According to relevant information, Jiayin Jinke arranged 4.72 billion of lending transactions in the third quarter, but as of the third quarter, Jiayin Jinke accounted for only 10% of institutional funds.

In the following fourth quarter, the transaction volume of 2.9 billion fell 56.1% from a year earlier.

Without the participation of personal funds, such a sharp decline is also expected, and the outside world is also full of curiosity about the income of the loan business carried out by Jiayin Jinke.

In the relevant financial reports, we found the answer: in the fourth quarter, the total volume of matchmaking transactions was 2.9 billion, the revenue from matchmaking services reached 276 million, and the service fee for institutional funds was 45.7 million.

By the end of December 2019, the proportion of institutional funds of Jiayin Jinke had reached 25%, and the total income of institutional capital service fees in that year was 80.7 million.

Even so, or affected by the size of its business, Jiayin Jinke's share price has fallen all the way, with a market capitalization of nearly 6 billion yuan on its first day of listing and has so far shrunk by less than 800m.

Online you and I loan loan diversion extremely financial aid business, including the people, Sichuan Trust

The related products are still criticized by "high interest rates".

At present, Jiayin Jinke's loan business mainly relies on extreme financing to access the funds of licensed financial institutions.

It is worth mentioning that through the use of past online loans APP you and me loan to form a flow entrance to the financial aid business to guide a lot of stock or new users.

It is reported that Jinong has been granted credit by a large number of institutions, and the amount of loans has also exceeded 1.5 billion.

Recently, many users said that through extreme financing under cash loans, lenders include National Trust, Sichuan Trust and other licensed institutions.

Some users said that 6000 yuan was obtained from the National Trust through extreme Finance, which was repaid in 12 installments, with a repayment amount of 1529.5 yuan in the first installment and about 602.5 yuan in each remaining period.

If the irr real interest rate is calculated as mentioned above, the real annual interest rate is as high as 68.8%, which has far exceeded the 36% red line required in the recent civil code.

It is understood that in the past, National Trust also cooperated with institutions, including 2345, in consumer finance business.

As the so-called wool comes from sheep, there are also numerous complaints about extreme financial interest rates on third-party platforms.

In addition to the funds of third-party institutions, financial docking institutions also include Internet small loans-Chongqing Zhongwang Micro-loan Company.

It is worth mentioning that Zhongwang small loan has a close relationship with you and me loan, Jiayin Jinke, the small loan legal person and chairman Song Qian serves as you and me loan and Jiayin Jinke supervisor at the same time.

Jiayin Jinke intends to transform its loan aid business through extreme financing, but as the consumer gold market becomes more and more compliant.

Can the existing related business last long, and what is investors' confidence in the future of listed companies?

All have yet to be answered by the market.

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