Supply to own financing receivable on the last quarter from 2021 is RMB40

We have been investigating chances to work having Newup Bank to raised suffice SMEs and we is positive that considering our masters in the tech and exposure management possibilities, the newest co-procedure which have Newup Lender you’ll bring more chances to all of our business so you’re able to as one enable and you can secure the growth of the brand new economy within the Asia.

Supposed on 2022, i anticipate regulating uncertainties in order to settle down with clearer direction from bodies. New Chinese bodies provides verified the worth of Fintech community so car title loan IL you can target man’s comprehensive monetary needs and you may hold the growth of SMEs. I will always be very carefully optimistic regarding all of our organization mentality if you are becoming wishing for the macro uncertainties you to definitely .

To spread our very own depend on on the sector and you can improve investors really worth, our very own board has been timely evaluating, according to our very own current market ecosystem, regulating rules and you may updates off team procedure, multiple method of going back winnings to your shareholders, also display repurchase, and additionally bucks bonus distribution.

Has just, the panel approved an excellent All of us$fifteen billion express repurchase plan, hence shows all of our believe about organization’s basic principles, strategy, and you may green growth. The audience is looking forward to a rise of shareholder well worth during the the future.

Thank you, Kan, and you can good morning visitors. We’re very happy to submit good financial results for both the last quarter while the full-season from 2021. We watched a critical change in the conclusion which have non-GAAP adjusted net gain enhanced to RMB183 million out-of a loss of profits from RMB631 million in identical age 2020.

With the full-year 2021, full internet revenue increased because of the 65% to help you RMB3,626 billion. Courtesy the relentless work into the cost management and you can complete functioning will set you back and expenditures decreased by thirty six% so you’re able to RMB2,315 billion. Non-GAAP modified net income improved in order to RMB914 mil from inside the 2021 regarding a loss of RMB1,228 mil this past year.

The complete web cash enhanced by fifteen% year-over-year to help you RMB823 million on fourth one-fourth

To conclude, the audience is greatly recommended of the strong results i delivered for the 2021, and that completely demonstrate the brand new resilience and you may growth possible of our own company. Moving forward, we are going to still develop and you will deepen our very own collaboration with more organization financing people to fulfill the needs of users and you can SMEs, and you will execute the shown option to drive alternative a lot of time-term development and production for the lovers and you will investors.

Today, I wish to short-term particular monetary results toward first quarter. Take note that quantity said listed below are from inside the RMB. Overall net money throughout the 4th one-fourth increased from the fifteen% so you’re able to RMB823.4 million from RMB716.step three billion in the same chronilogical age of 2020, priount triggerred and you may considering out-of Xiaoying Card Financing it one-fourth compared with the same ages of 2020.

On the fourth quarter off 2021, i invested RMB315 billion and become a secondary fraction shareholder regarding Newup Lender regarding Liaoning, good PRC organization and you can non-state-had lender

Origination and you may repair expenditures on next one-fourth diminished by the 29.9% in order to RMB385.8 mil regarding RMB550.7 billion in the same period of 2020, mostly because of lowering of this new collection expenditures resulting from the fresh new advantage top quality improvement and you can a decrease in insurance coverage commission paid back so you’re able to insurance carrier.

Provision to own account receivable and you may deal property on 4th one-fourth was RMB19.5 mil, in contrast to reversal out-of provision to have levels receivable and you will price possessions of RMB13.2 billion in identical age of 2020, mostly due to a boost in profile receivable out-of facilitation characteristics considering the upsurge in complete facilitation number into the the latest fourth one-fourth from 2021, compared with the same chronilogical age of 2020.

3 billion, in contrast to RMB33.eight billion in identical period of 2020, mostly because of a boost in loans receivable kept by company due to the rise in overall loan amount triggerred and considering regarding 4th quarter from 2021, weighed against the same period of 2020.


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