Your loan is seriously overdue.

On May 15, Beijing time, mutual funds with initial public offerings in 20 19 rose by 54% in the first two trading days. On the morning of May 6, local time in the United States, Shanghai Jiayin Financial Technology Co., Ltd. (hereinafter referred to as "Jiayin Jinke") was listed in the United States.

The parent company switched from the New Third Board to the US stock market.

My loan is its "cash cow"

In the three trading days of the listing of US stocks, Jiayin Jinke's performance showed a "V" trend. According to Wind data, as of 6: 5438 am on May 4, Beijing time (May 3, US Eastern Time), Jiayin Jinke's share price fell by 9.29%, ranking first in the decline list of mutual gold stocks at that time. Its share price is $65,438+$04.65, and its total market value is $784 million, which is about $70 million lower than the first trading day. At the same time, the second and third places in the decline list of mutual gold stocks were pat on the loan and point cattle finance, with a decrease of 7.74% and 6.69% respectively.

As of May 14, 1:45: 20 (May 15, Beijing time), in the second half of the trading day, the market revised Jiayin Jinke, and its share price rose by 15.39 USD, with an increase of1..

In fact, Jiayin Jinke is a company that has just moved from China New Third Board to the other side of the ocean. The national share transfer system announced on 20th19th that according to the application submitted by Jiayin Jinke, the share transfer system decided to terminate the listing of its shares on April 23rd, 20th18th.

Previously, on February 6, 2065438, the original "Fu Jen Technology" announced that the short name of the company's securities was officially changed to "Jiayin Jinke". As a result, Jiayin Jinke achieved the goal of curve listing through the backdoor of the New Third Board.

Your online loan business has always been Jiayin Jinke's main business and the current "cash cow". Official website shows that the main body of its industrial and commercial registration is Shanghai Wodai Internet Financial Information Service Co., Ltd., the actual controller and legal representative are Yan Dinggui, with a registered capital of 550 million yuan (paid-in 654.38 billion yuan). The online operation time of your loan platform is 2011June 18. As of April 30 this year, the balance of platform loans was 65.438+05.902 billion yuan, the current number of lenders was 65.438+0.847 million, and the current number of borrowers was 2.9749 million. At present, there are three loan products on the platform, namely second loan, Jiaka loan and Jiaying loan, with a term of 12 months.

According to the prospectus, Jiayin Jinke achieved an operating income of 2.882 billion yuan in 20 18, a year-on-year increase of 28%, and a net profit of 6130,000 yuan. According to the 20 18 annual audit report of Youwo Loan official website, the net profit of Youwo Loan Platform in 20 18 was 360 million yuan, that is, nearly 60% of Jiayin Jinke's net profit came from the contribution of Youwo Loan. The ratio of 20 17 will be higher. In 20 17, Jiayin jinke realized operating income of 2,256,543.8 million yuan and net profit of 530 million yuan. At that time, the net profit of your loan was 459 million yuan, and the contribution rate of your loan to the parent company's net profit reached nearly 90%.

The overdue rate of your loan project is higher than the "hard standard" of 10% in regulatory documents.

On June 65438+1October 2 1 this year, the Opinions on Doing a Good Job in Classified Disposal and Risk Prevention of Online Lending Institutions (namely "175") described the "high-risk institutions" of online lending. 3354 All P2P online lending institutions with overdue projects exceeding 10% are classified as high-risk institutions.

According to the definition in Peer-to-Peer Lending for Internet Financial Information Disclosure, which was reviewed and approved by China Internet Finance Association on 20 17, the overdue rate (%) refers to the ratio of overdue amount to unpaid amount as of the statistical date; The overdue rate of projects (%) refers to the ratio of the current number of overdue projects to the total number of unsettled transactions as of the statistical time point.

According to the statistical data when document 175 was published, as of 20 18 and 12, the overdue rate of expensive loan projects disclosed by China Internet Finance Association was 15. 18%, and the overdue rate was 1.96%. After nearly half a year, the overdue rate and overdue amount of projects before you and I borrowed IPO decreased, but the overdue rate increased. By April 30th, 20 19, the overdue rate of the project was 14.77%, the overdue rate of the amount was 2.04%, and the overdue amount was 324 million yuan.

Judging from the loan balance, the prospectus shows that as of 20 18 12 3 1, the overdue rate of Jiayin Jinke Platform (M3) is14.91%; 20 17 The overdue rate for more than 90 days in the same period is 12.438+0%.

Before the listing of the New Third Board was terminated, Jiayin Jinke disclosed in the Reply to the Inquiry Letter of the Stock Transfer System on March 2017,65438+February 20/kloc-0,365438 that the total overdue rate of unsecured products related to your loan was10.62%. The overdue rate of the total amount of related mortgage products is 5.05% (from 2065438+March 30, 2007, you and I will no longer provide mortgage products).

Your loan product "appears" on the diversion platform without the actual operator.

The daily interest rate "changes as you say"

In addition, according to the audit report No.2018 issued by Daxin Certified Public Accountants, Beijing Rongqiniu Information Technology Co., Ltd. ranked first in the "amount of prepayments". According to public information, Jianpu Technology is a loan supermarket of Rong360, a company listed on the New York Stock Exchange, and is operated by Beijing Rongqiniu Information Technology Co., Ltd. and its affiliated entities. In 20 18 years, the payment amount from your loan to my loan for this mobile financial intelligent product selection diversion platform of Rong 360 accounted for 19.22% of the total advance amount.

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According to the prospectus, the annualized interest rate of a large number of loans on Jiayin Jinke platform had previously exceeded 36%. In 2007, the annual interest rate of loans of 20654.38+0654.38+0654.38+06 billion yuan exceeded 36%. As of 20 18, 12 and 3 1 day, the outstanding loan principal of Jiayin Jinke Platform with annual interest rate exceeding 36% is still 654.38+10,000 yuan.

On 20 17 12, Jiayin jinke adjusted the pricing of all loan products to ensure that the annual interest rate of all new loans does not exceed 36%. At present, Jiayin Jinke believes that the annual interest rate of the loan products it provides does not exceed 36%.

Jiajinke's actual controller holds nearly 80% of the shares.

According to analysis, the "company's shareholding structure" may have room for change.

According to the prospectus, before the listing, Yan Dinggui, the actual controller, founder and CEO of Jiayin Jinke, directly held 58% of the shares. After IPO, Yan Dinggui holds 54.2% of the shares and 92.2% of the voting rights. The main shareholders of Jiajinke also include Dre, with a shareholding ratio of 25.2%.

Amglory L.P (a limited partnership company located in the British Virgin Islands) was established to hold shares granted by Jiayin Jinke's future equity incentive plan, which is wholly controlled by Yan Dinggui. That is, Yan Dinggui directly or indirectly holds 79.4% of the shares of listed companies.

After the initial public offering, Zhang Guanglin, director and executive vice president of Jiayin Jinke, held 1 1.2% of the shares through Sunshine Forest Holdings Limited. This means that less than 10% of Jiayin Jinke's shares actually circulate in the market.

The above-mentioned investment director believes that "if the shareholding ratio of the management or founder of a listed company exceeds 70%, it means that there may be room for change in the company's shareholding structure. Usually, even if the management is absolutely in control, it should try not to exceed 70% of the shares. Moreover, it is best for some international investment institutions, such as pension funds, insurance funds or some sovereign funds, to join the ranks of shareholders of listed companies, which is very helpful for the long-term stability of the overall stock price. In addition, in the long run, investors in the secondary market will also prefer the investment of such companies. "

Related questions and answers: What are the consequences of overdue repayment? The direct consequence is overdue fees. Secondly, you and people around you will be bombarded by phone messages, and your credit will also be affected.

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The emergency passage is coming!

The consequences of your overdue loan are as follows:

1. Suffering from telephone collection, overdue fee+crazy SMS collection is the standard of small loans overdue, and your loan is no exception. As long as you fail to repay the loan within the time limit, you will be collected, and everything depends on the intensity of collection.

Second, the upload is overdue. At present, your loan has not been connected to the central bank's credit information system, so your loan cannot be used for credit information. However, sesame credit will be affected and even uploaded to the online blacklist.

Third, pay late fees. If you don't repay the overdue loan, the first thing is the overdue fee. At present, the official has not made clear the overdue fee for your loan, but it should not be a small amount.