PPDAI Group made a net profit of CNY 661 mil under revenues of CNY 1,562 mil in the second quarter of 2019, up 8.89% and 46.7% respectively when compared to the same period last year.
Historically, the bank’s net profit reached an all time high of CNY 774 mil in 4Q2018 and an all time low of CNY -507 mil in 4Q2017. The average profit in the last six quarters amounted to CNY 639 mil.
On the other hand, bank’s revenues amounted to an all time high of CNY 1,562 mil in 2Q2019 and an all time low of CNY 368 mil in 3Q2016. The average revenues in the last six quarters reached CNY 1,223 mil.
When compared to bank's main peers, Home Credit China generated a quarterly net profit of CNY 439 mil with revenues of CNY 5,024 mil in 2Q2019, Qudian netted CNY 1,143 mil (revenues of CNY 1,935 mil) and Lexin FinTech announced a net profit of CNY 628 mil (revenues of CNY 1,447 mil).
You can see all the bank’s data at PPDAI Group Profile, or you can download a report on the bank in the report section.
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