奇富科技2025年Q2业绩出炉，「一只互金鹅」将从其主要数据表现、海外业务进展、"助贷新规"影响，以及获客和贷后等方面进行简单总结。 （先赞后看，人生灿烂） 二季度，奇富科技营收52.16亿，同比增长25.38%，环比增长11.2%；净利润17.31亿，同比增长25.72%，环比减少3.68%。 二季度，奇富科技撮合放款846.09亿，环比减少4.81%，同比增长16.12%。 截至2025年6月末，奇富科技贷款余额1400.80亿，和3月末的1402.73亿相比差别不大，和去年同期的1235.51相比增长13.38%。 整体来看，Q2奇富科技的策略还是较为审慎。 奇富科技的业务大家已经很熟悉了，在过去的一些财报解析文章中「一只互金鹅」分析过很多次。 在4月"助贷新规"下发后，互金行业不少玩家都在观望奇富科技的策略调整。 如上个季度的财报文章，其首席风险官郑彦提到的，奇富科技的商业模式相当多样化，可以很容易地在重资产和轻资产轻之间切换。这让奇富科技可以灵 活地调整资产配置以及增长和风险之间的平衡。 「一只互金鹅」理解，或许奇富可以调整的策略，也不一定适配其他平台。 01 Q2发力了重资本模式助贷 | | | ...

Core Viewpoint - The traditional "dual financing guarantee" model is being phased out as the "new lending regulations" come into full effect, leading to a significant reshaping of the lending industry [1][2] Group 1: New Lending Regulations - The new regulations set a cap on annualized interest rates for lending services at 24%, effectively rendering the previous "dual financing guarantee" model ineffective [2][8] - The regulations will be implemented on October 1, and the transition to compliance has been challenging for many institutions [2][8] Group 2: Shift to New Models - Many small and medium-sized institutions are transitioning to a "24% + notarization" model, particularly in the equipment rental sector [1][2] - Some rental platforms are bundling additional fees such as notarization and insurance, which increases the actual cost for users [3][4] Group 3: Notarization Practices - The notarization fees are often used for "strong notarization," which allows creditors to bypass lengthy litigation processes, thus improving recovery rates [3][5] - A new "composite notarization" model is being explored, which includes measures like deposit guarantees and evidence chain notarization to balance costs [4][6] Group 4: Challenges in Implementation - The industry faces challenges such as the judicial system's capacity to handle small, high-frequency cases and rising customer complaints regarding hidden fees [7][8] - The sustainability of the new business models is questioned, as institutions may need to forgo previous profit margins of 24%-36% to comply with the new regulations [8][9] Group 5: Industry Transformation - The industry is undergoing a critical transition from tentative adjustments to substantial changes, with many institutions initially attempting to repackage existing high-rate products as compliant [8][9] - The current asset scale of products with interest rates above 36% still exceeds 50%, indicating potential systemic risks if abrupt changes are made [9]