Provision to have funds receivable about next one-fourth off 2021 is RMB40

Provision to have funds receivable about next one-fourth off 2021 is RMB40

Provision to have funds receivable about next one-fourth off 2021 is RMB40

Our company is exploring opportunities to cooperate which have Newup Bank to raised suffice SMEs and we are confident that based on the pros in the technology and chance management possibilities, the fresh new co-process that have Newup Lender you certainly will render way more opportunities to our very own organization in order to together enable and hold the growth of new benefit into the China.

Going to your 2022, i expect regulating concerns so you can settle down that have crisper guidance out of authorities. The brand new Chinese regulators has actually verified the worth of Fintech globe so you can target mans inclusive economic requires and you may contain the growth of SMEs. We are very carefully hopeful throughout the all of our business mindset while you are are prepared when it comes to macro concerns one to .

So you can give the rely on into the market and you can boost investors value, all of our panel might have been punctual contrasting, centered on our current market environment, regulating policy and you will standing out-of business process, numerous method of coming back earnings to the shareholders, as well as share repurchase, in addition to dollars dividend distribution.

Has just, our very own board acknowledged a good You$15 million express repurchase bundle, and that shows all of our count on from the businesses basic principles, means, and you can green development. Our company is awaiting a growth of shareholder well worth within the the long run.

Thanks a lot, Kan, and you can hello men and women. Our company is thrilled to deliver good financial results for the next quarter additionally the full-12 months regarding 2021. I watched a serious improvement in all of our realization that have low-GAAP adjusted net gain increased to help you RMB183 billion out-of a loss from RMB631 billion in the same chronilogical age of 2020.

Towards full-seasons 2021, total online revenue improved by 65% to RMB3,626 mil. As a result of our very own relentless perform toward budgeting and total functioning will set you back and you may expenses reduced from the thirty six% so you can RMB2,315 mil. Non-GAAP modified net income enhanced to RMB914 billion inside 2021 out-of a loss in RMB1,228 billion last year.

The complete net revenue improved by the fifteen% year-over-seasons so you’re able to RMB823 billion from the fourth one-fourth

To close out, we’re greatly encouraged from the strong performance we produced into the 2021, and therefore fully have demostrated the fresh strength and you will gains possible in our team. Moving forward, we shall still expand and deepen all of our cooperation with an increase of organization investment lovers to get to know the requirements of users and you will SMEs, and you will perform all of our shown way to push alternative long-title progress and you may yields for the partners and you will shareholders.

Now, I want to short term particular monetary show towards basic one-fourth. Please note that most number said here are within the RMB. Overall net money on the 4th quarter increased of the fifteen% in order to RMB823.cuatro billion out of RMB716.step 3 mil in identical age of 2020, priount facilitated and you can offered of Xiaoying Card Financing it quarter compared with the exact same age of 2020.

On the fourth one-fourth of 2021, we spent RMB315 million and become a secondary minority shareholder from Newup Lender from Liaoning, good PRC organization and you may low-state-had financial

Origination and maintenance expenses about last quarter diminished from the 29.9% in order to RMB385.8 billion off billion in identical age 2020, mainly because of lowering of this new range expenses because of the asset top quality upgrade and you will a reduction in insurance payment paid down so you can insurance company.

Provision getting membership receivable and you may package assets throughout the last one-fourth was RMB19.5 billion, in contrast to reversal out-of provision to have profile receivable and you may contract possessions regarding RMB13.dos mil in identical ages of 2020, mainly on account of a rise in account receivable away from facilitation qualities as a result of the boost in total facilitation count within the the next quarter away from 2021, compared to a similar age 2020.

step three million, weighed against RMB33.eight million in the same chronilogical age of 2020, generally on account of an increase in financing receivable stored by company because of the upsurge in full loan amount facilitated and provided in the last one-fourth out-of 2021, weighed against a similar age of 2020.

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