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At present, the 2023 annual reporting season of licensed consumer finance companies has come to an end. From the asset size and net profit indicators, the industry Matthew (Jin Kirin analyst) effect is obvious. After two rounds of capital increases in 2023, the total assets of Ant Consumer Finance increased to 2396.Microplayerretroarcade.69 billion yuan, ranking first in the industry. In terms of net profit, Zhaolian consumer finance, Societe Generale consumer finance and immediate consumer finance are firmly in the forefront. It is worth noting that with the strong support of shareholders, Ningyin Xiaojin, Su Yin Kaiji Xiaojin and other "latecomers" have also become the dark horse of the industry, and their performance has achieved rapid growth in 2023.

The asset scale of ant Xiaojin ranks first.

According to the incomplete statistics of the China Securities News, from the perspective of asset scale, Ant Consumer Finance surpasses Zhaolian Consumer Finance with total assets of 239.669 billion yuan, ranking first in the industry. Zhaolian Consumer Finance, Societe Generale Consumer Finance and Bank of China Consumer Finance followed with total assets of 176.421 billion yuan, 86.931 billion yuan and 74.299 billion yuan respectively.

The reporter of the China Securities News sorted out according to the relevant financial reports.

Compared with 106.233 billion yuan in 2022, ant consumer financial assets grew by more than 100% in 2023 compared with the same period last year. Ant Consumer Finance 2023 annual report shows that the company completed two rounds of capital increases in 2023, the registered capital has increased to 23 billion yuan, the capital strength has been further enhanced. At present, the business of flower and borrowing has been completed in a smooth and orderly manner.

From the net profit index, Zhaolian consumer finance ranks first in the industry with a net profit of 3.6 billion yuan. Societe Generale consumer finance and immediate consumer finance are also in the forefront of the industry with net profits of 2.072 billion yuan and 1.982 billion yuan. As an "established" consumer gold company, the net profit of BOC Xiaojin fell to 537 million yuan in 2023 from 656 million yuan in 2022.

"latecomers" expand rapidly

It is worth noting that Ningyin Xiaojin, Su Yin Kaiji Xiaojin and other "latecomers" showed outstanding performance in 2023. According to the 2023 and 2022 annual reports of Ningbo Bank, the total assets of Ningyin Consumer Gold increased from 8.145 billion yuan at the end of 2022 to 45.671 billion yuan at the end of 2023. In 2023, the net profit of Ningyin Xiaojin also expanded from 26 million yuan in 2022 to 202 million yuan in 2023, an increase of more than 600% over the same period last year.

It is reported that since 2021, Ningbo Bank has acquired and increased its holding of Huarong Xiaojin Company. In August 2022, Huarong Xiaojin officially changed its name to Ningyin Xiaojin. 2023 is the first complete fiscal year after Ningyin Xiaojin changed its "new owner", and various indicators have achieved rapid growth.

In April 2024, Ningbo Bank announced that in order to further enhance the competitiveness of Ningyin Xiaojin market and meet its business development capital needs, Ningbo Bank and Ningbo Financial Holdings planned to jointly increase the capital of Ningyin Xiaojin, and Ningbo Bank planned to contribute 1.226 billion yuan.

Before this capital increase, Ningbo Bank held 92.79% of Ningyin Xiaojin, Hefei Department Store Group Co., Ltd. held 4.74% of its shares, and Shenzhen Huaqiang Asset Management Group Co., Ltd. held 2.47% of its shares. After the completion of this capital increase, the registered capital of Ningyin Xiaojin is expected to increase to 4.5 billion yuan. Ningbo Bank holds 75.33% of its shares, Ningbo Financial Holdings holds 20% of its shares, and Hefei Department Store Group Co., Ltd. holds 3.07% of its shares. Shenzhen Huaqiang Asset Management Group Co., Ltd. holds 1.6% shares.

Industry insiders said that this move may mean that Ningyin Xiaojin further enhance the status of Ningbo Bank's retail business territory. Huatai Securities Research News pointed out that accelerating the layout of the consumer gold industry and opening up the space for the national exhibition industry, Ningbo Bank is expected to undertake more sinking consumer financial assets, expand the retail customer base, and achieve scale expansion.

In addition, Su Yin Kaiji Xiaojin and other consumer companies also achieved a substantial increase in net profit in 2023. Like Ningyin Xiaojin, Su Yin Kaiji Xiaojin received strong support from Dongfang in 2023. In December 2023, the Jiangsu Administration of Financial Supervision and Administration of the State Administration of Financial Supervision and Administration approved the change of the registered capital of Suyin Kaiji from 2.6 billion yuan to 4.2 billion yuan. Among them, Jiangsu Bank contributed about 2.371 billion yuan, accounting for 56.44%; Kaiji Commercial Bank Co., Ltd. contributed 1.58 billion yuan, accounting for 37.63%.

Source: Jiangsu Administration of Financial Supervision and Administration

In April 2024, the measures for the Administration of Consumer Financial companies revised and issued by the State Financial Supervision and Administration came into effect. The main amendments to the measures are to improve industry access standards, including indicators such as assets and operating income of major investors, as well as minimum shareholding requirements, and raise minimum registered capital requirements for consumer financial companies. enhance risk resistance and so on.

The reporter noted that since the promulgation of the "measures", Hunan Changyin May 8 consumer financial companies and other consumer financial companies have started a capital increase plan. "this is to meet the requirements of the measures, and subsequent adjustments are expected to be made by companies with substandard registered capital." Some bank department consumer finance company personage told the reporter.