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Qudian - Quarterly Profitability

Net Profit (CNY mil) & ROE (%)
Banking | China | September 5, 2019
$2.99
Excel Sheet

Qudian made a net profit of CNY 1,143 mil in the second quarter of 2019, up 57.9% when compared to the same period of last year. This implies a return on equity of 38.1%.

Historically, the bank’s net profit reached an all time high of CNY 1,143 mil in 2Q2019 and an all time low of CNY 300 mil in 4Q2016. The average profit in the last six quarters amounted to CNY 764 mil.

The bank generated its shareholders an average return on equity of 40.5% in the last five years with maximum at 67.6% and minimum at 13.0%.

When compared to bank's main peers, Home Credit China generated a net profit of CNY 439 mil with ROE of 15.3% in 2Q2019, Lexin FinTech netted CNY 628 mil(ROE of 50.4%) and 360 Finance Inc announced a net profit of CNY 90.0 mil implying ROE of 44.1%.

You can see all the bank’s data at Qudian profile, or you can download a report on the bank in the report section.

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