| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | CNY mil | 0 | 51.0 | 268 |
| Net Fee Income | CNY mil | 1.66 | 647 | 3,866 |
| Other Income | CNY mil | 0 | 89.8 | 314 |
| Total Revenues | CNY mil | 1.66 | 788 | 4,447 |
| Operating Profit | CNY mil | -28.5 | 260 | 1,827 |
| Provisions | CNY mil | 0.108 | 49.9 | 182 |
| Net Profit | CNY mil | -20.7 | 165 | -1,904 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | CNY mil | 0 | 488 | 568 |
| Customer Loans | CNY mil | 0.009 | 1.19 | 811 |
| Total Assets | CNY mil | 90.4 | 3,099 | 7,350 |
| Shareholders' Equity | CNY mil | -20.7 | 734 | 4,440 |
| Interbank Borrowing | CNY mil | 0 | 537 | 300 |
| Customer Deposits | CNY mil | 0 | 0 | 0 |
| Issued Debt Securities | CNY mil | 5.77 | 301 | 1,399 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 100 | 46.2 | -73.6 |
| ROA | % | -22.9 | 10.3 | -36.5 |
| Costs (As % Of Assets) | % | 33.4 | 33.1 | 50.2 |
| Costs (As % Of Income) | % | 1,821 | 67.0 | 58.9 |
| Net Interest Margin | % | 0 | 3.20 | 5.13 |
| NPLs (As % Of Loans) | % | 0 | 0.400 | 0.900 |
| Provisions (As % Of NPLs) | % | ... | 24,230 | 1,627 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | ... | ... | 9.11 | |
| Price/Book Value (P/BV) | ... | ... | 3.50 | |
| Earnings Per Share (EPS) | USD | ... | ... | 1.72 |
| Book Value Per Share | USD | ... | ... | 4.49 |
Get all company financials in excel:
| income statement | Unit | 2016 | 2017 | 2018 |
| income statement | ||||
| Net Interest Income | CNY mil | 0 | ||
| Net Fee Income | CNY mil | 1.66 | ||
| Other Income | CNY mil | 0 | ||
| Total Revenues | CNY mil | 1.66 | ||
| Operating Cost | CNY mil | 30.2 | ||
| Operating Profit | CNY mil | -28.5 | ||
| Provisions | CNY mil | 0.108 | ||
| Extra and Other Cost | CNY mil | -0.003 | ||
| Pre-Tax Profit | CNY mil | -28.6 | ||
| Tax | CNY mil | 7.92 | ||
| Minorities | CNY mil | 0 | ||
| Net Profit | CNY mil | -20.7 | ||
| growth rates | ||||
| Net Interest Income Growth | % | ... | ... | |
| Net Fee Income Growth | % | ... | ||
| Total Revenue Growth | % | ... | ||
| Operating Cost Growth | % | ... | ||
| Operating Profit Growth | % | ... | ||
| Pre-Tax Profit Growth | % | ... | ||
| Net Profit Growth | % | ... | ||
| market share | ||||
| Market Share in Revenues | % | < 0.001 | ... |
| balance sheet | Unit | 2016 | 2017 | 2018 |
| balance sheet | ||||
| Cash | CNY mil | 6.17 | ||
| Interbank Loans | CNY mil | 0 | ||
| Customer Loans | CNY mil | 0.009 | ||
| Total Assets | CNY mil | 90.4 | ||
| Shareholders' Equity | CNY mil | -20.7 | ||
| Of Which Minority Interest | CNY mil | 0 | ||
| Liabilities | CNY mil | 111 | ||
| Interbank Borrowing | CNY mil | 0 | ||
| Customer Deposits | CNY mil | 0 | ||
| Issued Debt Securities | CNY mil | 5.77 | ||
| Other Liabilities | CNY mil | 105 | ||
| asset quality | ||||
| Non-Performing Loans | CNY mil | 0 | ||
| Gross Loans | CNY mil | 0.117 | ||
| Total Provisions | CNY mil | 0.108 | ||
| growth rates | ||||
| Customer Loan Growth | % | ... | ||
| Total Asset Growth | % | ... | ||
| Shareholders' Equity Growth | % | ... | ||
| market share | ||||
| Market Share in Customer Loans | % | < 0.001 | ... | |
| Market Share in Total Assets | % | < 0.001 | ... | |
| Market Share in Customer Deposits | % | 0 | ... |
| ratios | Unit | 2016 | 2017 | 2018 |
| ratios | ||||
| ROE | % | 100 | ||
| ROA | % | -22.9 | ||
| Costs (As % Of Assets) | % | 33.4 | ||
| Costs (As % Of Income) | % | 1,821 | ||
| Net Interest Margin | % | 0 | ||
| Asset Yield | % | ... | ||
| Interest Income (As % Of Revenues) | % | 0 | ||
| Fee Income (As % Of Revenues) | % | 100 | ||
| Other Income (As % Of Revenues) | % | 0 | ||
| Equity (As % Of Assets) | % | -22.9 | ||
| Loans (As % Assets) | % | 0.010 | ||
| NPLs (As % Of Loans) | % | 0 | ||
| Provisions (As % Of NPLs) | % | ... | ||
| Provisions (As % Of Loans) | % | 1,169 | ||
| Cost of Provisions (As % Of Loans) | % | 1,169 |
| other data | Unit | 2016 | 2017 | 2018 |
| other data | ||||
| Employees | ... | ... | ||
| Total Loan Book | RMB mil | ... | ||
| On-balance Sheet Loans | RMB mil | 0.009 | ||
| Off-balance Sheet Loans | RMB mil | ... | ||
| Off-balance Sheet Loans (As % of Total) | % | ... | ||
| On-balance Sheet Loans (As % of Total) | % | ... | ||
| Loan Facilitation Income (As % of Off BS Loans) | % | ... | ||
| Loss of Guarantee Liability (As % of off-BS Loans) | % | ... | ||
| Cost of Risk (incl. Off BS Loans) | % | ... | ... | |
| Equity (As % of Off- and On BS Loans) | % | ... | ||
| Loan Facilitation & Servicing Fee | CNY mil | 1.62 | ||
| Processing and Servicing Cost | CNY mil | 13.2 | ||
| Provision for Credit Losses of Contract Assets and Service Fees Receivable | CNY mil | 0.108 | ||
| Profit on Off-Balance Sheet Loans | CNY mil | -11.7 | ||
| Volume of Off-Balance Sheet Loans | CNY mil | ... | ||
| Profit on Off-Balance Sheet Loans (As % of Off-Balance Sheet Loans) | % | ... | ||
| Profit on Off-Balance Sheet Loans (As % of Pre-Tax Profit) | CNY mil | 0.407 |
Get all company financials in excel:
360 Finance Inc has been growing its revenues and asset by % and % a year on average in the last 3 years. Its loans and deposits have grown by % and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 24.2% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 58.9% in 2018, compared to 649% average in the last three years.
Equity represented 60.4% of total assets or 547% of loans at the end of 2018. 360 Finance Inc's non-performing loans were 0.900% of total loans while provisions covered some 1,627% of NPLs at the end of 2018.
360 Finance Inc stock traded at USD 15.7 per share at the end of 2018 resulting in a market capitalization of USD 2,259 mil. Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 24.2% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 9.11x and price to book value (PBV) of 3.50x in 2018.
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