Core Viewpoint - The consumer finance industry is entering a phase of deep differentiation in 2025, moving away from a "scale competition" model towards sustainable "value creation" for licensed institutions. In this context, the company is leveraging technology, inclusive practices, and solid financial performance to carve out a differentiated path as a leading institution [1]. Group 1: Technological Advancements - The company's "Tianjing" financial model 3.0 represents a significant upgrade in its technology strategy, evolving from a tool application to a core engine for business model viability, focusing on cognitive intelligence for risk pricing and customer understanding [2]. - The breakthrough of "Tianjing" 3.0 lies in its ability to systematically convert implicit financial knowledge into explicit intelligence, utilizing advanced architectures like the Mixture of Experts (MoE) to extract and integrate non-standard decision-making wisdom from various experts [2]. - This paradigm shift enables the company to enhance decision-making capabilities beyond historical data reliance, creating a self-reinforcing cycle of data generation, model training, and business empowerment [2]. Group 2: Business Efficiency and Impact - The integration of AI with business scenarios has led to a more than 40% increase in precise marketing conversion rates, effectively countering high traffic costs in the industry [4]. - AI robots are now capable of handling 80% of standardized tasks, allowing human resources to focus on complex, high-value customer service and risk management, significantly improving labor efficiency [4]. - The "Tianjing" model has created unique credit profiles for over 10 million users previously classified as "white households," expanding market boundaries and aligning commercial value with social value [5]. Group 3: Inclusive Finance Strategy - The company targets "new citizens" and "rural residents" as core customer groups, shifting from broad coverage to precise service delivery, responding to policy directions and market gaps [6]. - By analyzing dynamic data from gig economy workers, the company offers tailored products like "professional loans," addressing financing accessibility while maintaining superior asset quality with non-performing rates below industry averages [7]. - The company employs a low-cost, efficient network model to penetrate rural markets, integrating financial products into agricultural and consumer transactions, exemplified by the "Rural Revitalization Loan" [8]. Group 4: Financial Stability and Governance - The company's financial performance in the first half of 2025 shows revenue and net profit growth, highlighting its operational resilience amid industry pressures [9]. - The increase in net interest income ratio and a reduction in cost-to-income ratio reflect the effectiveness of its strategic focus on core lending operations and technology-driven cost efficiency [9]. - Continuous support from major shareholders has reduced financing costs and demonstrated long-term confidence in the company's strategic direction [9]. Group 5: Future Outlook - The company's path to differentiation is characterized by a combination of technological innovation, inclusive finance principles, and robust governance, indicating a potential model for the industry's future [10]. - The current positive momentum is a result of the resonance between the company's strategies of "technology, inclusivity, and compliance," suggesting that future winners in the consumer finance sector will be those who effectively reshape financial services through technology to meet broad economic needs [10].