Erdai. com app

Recently, 2345 (002 195, SZ) released the third quarterly report of 20 17. During the reporting period, the company achieved operating income of 65.438+96.5 million yuan, a year-on-year increase of 57.02%; The net profit attributable to shareholders of the parent company was 7,654,388+0.2 million yuan, a year-on-year increase of 94.38%. The company said that the reason for the change in performance was that the financial technology platform business of "2345 Lending King" (hereinafter referred to as Lending King) continued to maintain rapid growth.

Online lending is a cash lending platform under 2345, which provides small consumer credit services of 500~5000 yuan with a term of 1 month. The soaring performance in the past two years in 2345 is almost entirely due to Wang's loan.

Recently, Internet finance companies went public in the United States, and cash loans were once again pushed to the forefront of public opinion. Inclusive finance or usury? Cash loans have always been questioned that the interest rate is too high and the ability to absorb gold is too bright.

In the third quarter of this year, 2345 achieved revenue of 899 million yuan, a year-on-year increase of 97.59%. The net profit attributable to shareholders of listed companies was 259 million yuan, a year-on-year increase of 92.97%. In the first three quarters of this year, the revenue of 2345 was 65.438+0.965 billion yuan, and the net profit attributable to shareholders of the parent company was 76.5438+0.2 billion yuan, up by 57.02% and 94.38% respectively. In the third quarterly report, 2345 said that the net profit attributable to shareholders of listed companies in 20 17 was 952 million yuan to11430,000 yuan, up 50% to 80% year-on-year.

The company said that the growth of revenue and net profit benefited from the rapid growth of Internet consumer finance business during the reporting period. And its internet finance business is mainly the cash loan business carried out by the loan king.

In fact, the rapid growth of performance in the past two years in 2345 basically relied on the loan king. In 20 16 years, Lender Wang's business grew exponentially. The total amount of loans issued was 465,438+065,438+07,500, an increase of 29.37% compared with 2065,438+05; The total amount of loans granted in 20 16 was 6.274 billion yuan, an increase of 2 160% compared with 20 15.

20 17 continued to grow. In the first half of this year, the total amount of loans issued by lenders was 654.38+0.296 billion yuan, an increase of 654.38+0.50% compared with 565.438+0.84 billion yuan in July and February of 2065.438+06. In June this year, Wang Lending, a lender established for three years, lent 10 million yuan. In his own words, he has become the leading "high-yield household" in the credit platform industry.

According to the semi-annual report of 2345, the operating income of consolidated financial technology subsidiaries in the first half of 20 17 was 546 million yuan, an increase of1644.6% compared with the first half of 20 16; The net profit was 239 million yuan, an increase of 4,469.09% compared with 5,225,900 yuan in 2065,438+the first half of 2006.

235 20 17 semi-annual report shows that the company has carried out close cooperation with licensed financial institutions such as Bank of China Consumer Finance Co., Ltd., Shanghai Bank, Huaao International Trust, National Trust and Zhejiang Chouzhou Commercial Bank. In addition, 2345 initiated the establishment of Guangzhou 2345 Internet Microfinance Co., Ltd. with its own funds.

Wang made a profit by collecting the borrower's comprehensive fee, overdue fee and platform service fee. According to the semi-annual report, in the first half of this year, the gross profit margin of Internet financial services business in 2345 was as high as 97. 12%.

According to this statement, if you borrow 3,000 yuan from Lending King Platform and pay it off in one month, you need to pay back 3,054 yuan, with an annualized interest rate of about 22%.

According to the service charge of 9%, the loan is 3,000 yuan per day and the term is one month. After the loan arrives, 270 yuan is deducted, that is, the actual loan is 2,730 yuan and the repayment is 3,054 yuan. After calculation, the actual annualized interest rate is as high as 142%, far exceeding the red line of 36%.

Including loan interest, service fees and other expenses, the comprehensive annualized interest rate of the cash lending platform can easily exceed the annual interest rate red line of 36% of private lending. Therefore, cash loans have been challenged by usury.

In April this year, the China Banking Regulatory Commission issued "Guiding Opinions on Risk Prevention and Control in Banking Industry", requesting to clean up and rectify the "cash loan" business activities. Strictly implement the relevant provisions of the Supreme People's Court on the interest rate of private lending, and do not illegally lend at high interest rates or collect wealth by violence. Subsequently, all localities began to check cash loans.

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