Zhengdong finance was established by China Zheng Tong automobile service holding co., ltd (hereinafter referred to as "Zheng Tong automobile")? ) and Dongfeng Motor Group Co., Ltd. focus on providing consumers with diversified luxury brand auto finance products and services, covering most luxury brands, including BMW, Mercedes-Benz, Audi, Porsche, Jaguar, Land Rover and Volvo.
On March 27th, Zheng Dong Finance, a licensed auto financing institution, released its first annual report after listing. As of 20 19 12 3 1, the company's operating income was 800 million yuan (RMB, the same below), down 1.96% year-on-year. Realized a profit of 389 million yuan, a year-on-year decrease of13.95%; Net interest income was 536 million yuan, up 2.25% year-on-year; Profits and comprehensive income were 389 million yuan, a year-on-year decrease of141%; Compared with 20 18, the loan scale increased by 19% to 10 billion yuan.
In terms of retail loans, Zhengdong Finance issued 28,865,438+05 retail loans in 2065,438+09, a decrease of 365,438+0% compared with 2065,438+08, including 265,438+0,946 Zheng Tong customers and 6,869 offline customers.
As far as dealer loan business is concerned, as of 20 19 to 3 12, the average yield of dealer loan of Zhengdong Finance increased from 7.65% to 9.75%. The loan interest income of Zhengdong financial dealers is 65.438+0.8 billion yuan.
In terms of loan quality, the company's NPL balance on February 3, 20 19 was RMB 45 million, the NPL ratio was 0.44%, the loan provision ratio was 1.89%, and the provision coverage ratio was 423.97%.
In terms of capital, Zhengdong Finance successfully made its initial public offering on the Stock Exchange in April, 20 19, raising net funds of 137 billion yuan and increasing the total share capital to 21400,000 yuan, which provided strong financial support for Zhengdong Finance's self-operated retail loan business.
By the end of 20 19, 12, and 3 1, the interbank deposits in Zhengdong reached 654.38+27 million yuan, down 83.7% from 780 million yuan at the end of 20 18. Zhengdong Finance borrowed 5.89 billion yuan from banks, down 3.3% from 6.09 billion yuan at the end of 2065438+2008. At present, there are 43 financial and credit cooperative banks in Zhengdong, with a total credit line exceeding 654.38+0.04 billion yuan and an unused balance exceeding 4.5 billion yuan.
The announcement shows that the company's performance changes are mainly affected by the macro-market environment, the cost of capital rises, and the net income of handling fees and commissions decreases.
Zheng Dong Finance said that 2020 will be a challenging year in the face of changes in the market environment, increasingly strict regulatory environment in the financial industry and the impact of the novel coronavirus epidemic. In terms of business development, we will continue to explore high-quality dealers, develop sales network and promote the development of new car finance business on the basis of more than 900 cooperative dealers inside and outside the network. At the same time, actively explore business areas, such as used car finance business.
Article sources: Financial Executives' Meeting, FinX Technology of Finance and Automobile Integration, and Zhengdong Finance 20 19 Financial Report, etc.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.