从亏损3亿到净赚1.5亿，中银消费金融靠助贷“咸鱼翻身”
Sou Hu Cai Jing·2025-09-01 15:42

Core Insights - The report highlights the financial performance of Bank of China Consumer Finance (中银消费金融) for the first half of 2025, showcasing a significant turnaround from losses to profitability [1][2] - The company has successfully transformed its business model, focusing on digitalization and online lending, which now constitutes a substantial portion of its operations [2][5] Financial Performance - As of H1 2025, Bank of China Consumer Finance reported total assets of 81.703 billion, with operating income of 3.681 billion and net profit of 150 million [1] - The company has shown a remarkable recovery from a net loss of 306 million in H1 2024 to a net profit of 150 million in H1 2025 [1] - Key financial metrics from 2022 to H1 2025 indicate total assets increased from 64.403 billion in 2022 to 81.703 billion in H1 2025, while net profit improved from 63.2 million in 2022 to 150 million in H1 2025 [1] Asset Quality and Challenges - The non-performing loan (NPL) ratio has risen from 2.80% in 2022 to 3.56% in 2024, indicating growing asset quality concerns [2] - The scale of non-performing loans increased from 1.728 billion in 2022 to 2.792 billion in 2024, reflecting the challenges faced in the current macroeconomic environment [2] Business Model and Strategy - The company has shifted its focus towards online lending, with online business accounting for approximately 94% of new loan origination, while offline business represents less than 7% [5] - Bank of China Consumer Finance has established partnerships with 40 lending institutions, including major internet giants like Ant Group, JD.com, and Meituan, to enhance its lending capabilities [5][6] - The strategy of collaborating with a diverse range of partners, including smaller financial institutions, has allowed the company to maintain growth despite industry challenges [6] Future Outlook - The company is expected to continue innovating its business model and expanding its online presence, while managing the risks associated with its lending practices [7]