消金财报透视：4家营收过百亿，招联、兴业营收、净利双降

Core Viewpoint - The consumer finance industry in China is facing challenges due to macroeconomic impacts, leading to a projected decline in net profit growth for 2024 compared to 2023, with a drop of over 10 percentage points [2] Group 1: Industry Overview - The consumer finance sector is experiencing a growth bottleneck, with 15 companies' operational data for 2024 now available, revealing performance disparities among firms [2] - The China Banking Association's Consumer Finance Professional Committee forecasts that the net profit growth rate for the entire industry will fall to single digits in 2024 [2] Group 2: Performance of Leading Companies - Among the leading consumer finance companies, four have revenues exceeding 10 billion yuan, but both Zhaolian Consumer Finance and Xingye Consumer Finance reported declines in both revenue and net profit [3] - Zhaolian Consumer Finance reported a revenue of 173.18 billion yuan in 2024, a decrease of 11.65% year-on-year, and a net profit of 30.16 billion yuan, down 16.22% [3][4] - Xingye Consumer Finance's revenue fell to 100.67 billion yuan, a decline of 10.36%, while its net profit plummeted by 79.25% to 4.3 billion yuan, returning to levels seen six years ago [5] Group 3: Performance of Mid-Tier Companies - Most mid-tier consumer finance companies have achieved stable growth, with Zhongyin Consumer Finance experiencing a significant net profit decline of over 90% [8] - Zhongyin Consumer Finance's net profit dropped to 0.45 billion yuan, a decrease of 91.62%, despite total assets increasing to 791.51 billion yuan [9] - In contrast, companies like Zhongyou Consumer Finance and Ningyin Consumer Finance reported strong growth, with revenues of 75.41 billion yuan and 29.9 billion yuan, respectively, and net profit increases of 54.02% and 50.17% [8]