And there is no guarantee that the revenue of the micro-loan technology platform will continue to grow rapidly in the future. Its growth rate will be affected by the technical service rates charged to partners and the consumer credit and credit balances of small and micro operators facilitated by the platform.
The prospectus data shows that in the first half of 2020, the net profit of Ant Merchants’ small loans was 620 million yuan, compared with 1.2 billion yuan for the whole year of last year; the net profit of Ant small and micro loans was 430 million yuan, and the net profit for the whole year was 1.58 billion yuan. .
The defective rate is low but has increased significantly
What is the defect rate of Huabei and Bibai? This is one of the topics that the outside world has always been concerned about, and the prospectus announced this time also discloses this data in detail.
Data shows that at the end of 2017~2019, The delinquency rates of Ant Group’s consumer credit balances over 30 days were 1.08%, 1.43%, and 1.56%, respectively; the delinquency rates over 90 days were 0.68%, 1.01%, 1.05%.
Compared with the bank’s non-performing rate data, the non-performing loan rate of commercial banks at the end of 2019 was 1.86%, but this data reflects the overall quality of bank personal loans and corporate loans.
However, due to the impact of the epidemic in the first half of this year, the overdue rate of consumer credit balances has a clear upward trend. The overdue rate for more than 30 days has risen from 1.76% in January 2020 to a high of 3.01% in May. It began to decline slightly.