Jin Rong Shi Bao·2025-08-08 07:55Group 1: Financial Performance - In the first half of 2024, Lufax Holdings reported the highest revenue among nine fintech companies at 12.94 billion yuan, but experienced a year-on-year revenue decline of 33.12% and a net profit drop of 189.86% [1] - Qifu Technology achieved a revenue of 8.313 billion yuan, with a year-on-year revenue growth of 10.65% and a net profit increase of 25.41%, making it one of the few fintech companies with double-digit growth [1] - Overall, the nine listed fintech companies showed a trend of increasing revenue but declining net profits in the first half of 2024 [6] Group 2: Asset Quality and Risk Management - Many fintech companies are facing rising overdue rates due to a complex macro environment, with Xiaoying Technology reporting a 90-day overdue rate of 4.38%, an increase of 1.88 percentage points year-on-year [2] - Lufax's overdue rate increased by only 0.1 percentage points compared to the previous year, indicating a relatively stable asset quality [2] - The total outstanding loan balance for Lufax decreased by 44.80% year-on-year to 235.2 billion yuan, while Xiaoying Technology's outstanding loan balance fell by 7.25% [2] Group 3: Support for Small and Micro Enterprises - In Q2 2024, fintech companies continued to support the sustainable development of small and micro enterprises, with Qifu Technology's loan balance reaching 157.778 billion yuan and facilitating loans of 95.425 billion yuan [4] - Lufax's loan balance was 235.2 billion yuan, with new loans of 45.2 billion yuan and a 27.9% year-on-year growth in consumer finance loan balance [4] Group 4: International Expansion and Innovation - Several fintech companies are actively expanding into international markets, with Lexin's overseas business in Mexico showing a 61% quarter-on-quarter growth in loan issuance [8] - Financial One Account's overseas customer revenue contribution increased by 14.8% year-on-year, covering 20 countries and regions [8] Group 5: Diversification and Technological Innovation - Diversification into multiple business lines is emerging as a new growth point for fintech companies, with Lufax's consumer finance new loans accounting for 49% of total new loans [9] - Companies are increasing investments in technology R&D, with significant improvements in operational efficiency reported after implementing AI technologies [9]