Core Viewpoint - The regulatory environment for credit information management in China is tightening, leading to increased penalties for non-bank financial institutions, including Haier Consumer Finance Co., Ltd. [1][4] Business Development - Haier Consumer Finance's loan balance for 2024 is projected to be 38.049 billion yuan, representing a year-on-year growth of 32.94% [2] - The company issued loans and advances totaling 27.943 billion yuan in 2024, a 9.56% increase compared to the previous year, with net interest income rising by 22.23% [2] - The company has intensified its joint lending and assistance loan business, resulting in a 66.30% increase in fee and commission income to 469 million yuan [2] Financial Performance - In 2024, Haier Consumer Finance's net operating income grew by 27.25%, while net profit increased by 22.05% [3] - The company had 28 sales personnel by the end of 2024, achieving an average productivity of 12.2 million yuan per person [3] Digital Transformation - The company is adopting a B2B2C model to connect with service providers in various sectors, offering installment loan services to over 11,000 merchants and 3 million installment users nationwide [3] - Digital services have enabled online self-service processes for users, including facial recognition and loan applications, while assisting merchants with online management tools [3] Risk Management - The number of lawsuits involving Haier Consumer Finance has increased, with over 60,000 cases reported as of July 12 [6] - The company has written off 2.064 billion yuan in bad debts in 2024, recovering 368 million yuan from these write-offs [6] - The overdue loan balance at the end of 2024 was 752 million yuan, with a year-on-year increase of 0.35 percentage points to 2.69% [7]
信用信息严监管持续 消费金融机构风控合规待加强
Zhong Guo Jing Ying Bao·2025-07-22 09:29