蚂蚁消金，首次发债！

Core Viewpoint - Ant Consumer Finance has issued its first financial bond since its establishment, with a fixed interest rate of 1.9% and a total scale of 2 billion yuan [2][4]. Group 1: Financial Bond Issuance - Ant Consumer Finance completed its first public bond issuance on August 5, 2025, with a three-year term and a total scale of 2 billion yuan [2][4]. - The bond issuance was based on a 15 billion yuan quota approved by the People's Bank of China, valid until July 3, 2027 [4]. - The company aims to enhance financial support for consumption and diversify its financing channels, as encouraged by national policies [4][9]. Group 2: Financial Performance - As of the end of 2022, 2023, and 2024, Ant Consumer Finance's total assets were 106.23 billion yuan, 239.67 billion yuan, and 313.75 billion yuan, respectively [6]. - The company's operating income for the same periods was 4.15 billion yuan, 8.63 billion yuan, and 15.21 billion yuan, while net profits were 841 million yuan, 152 million yuan, and 305 million yuan [6]. Group 3: Industry Context - In 2025, multiple consumer finance companies have actively issued financial bonds, with a total of 13 bond issuances raising 16.1 billion yuan [6][8]. - The average issuance interest rate for consumer finance bonds has dropped below 2.5% in 2024, providing a cost advantage over other financing methods [8]. - The issuance of financial bonds by consumer finance companies is supported by policies aimed at boosting consumption and expanding credit [9].