Home Credit China

Home Credit China's npls (as % of loans) fell 21.5% yoy to 1.39% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit China's non-performing loans reached 1.39% of total loans at the end of 2019-06-30, down from 1.78% compared to the p...

Home Credit China's net profit rose 21.5% yoy to CNY 439 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit China made a net profit of CNY 439 mil under revenues of CNY 5,024 mil in the second quarter of 2019, up 21.5% and ...

Home Credit China's net interest income rose 18.1% yoy to CNY 4,467 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit China generated total banking revenues of CNY 5,024 mil in the second quarter of 2019, up 5.76% when compared to the ...

Profit Statement 2016 2017 2018
Net Interest Income CNY mil 5,771 11,059 16,211
Fee Income (As % Of Revenues) % 22.6 24.2 18.0
Other Income CNY mil 74.8 17.6 33.2
Total Revenues CNY mil 7,549 14,620 19,823
Staff Cost CNY mil 2,348 4,539 4,700
Operating Profit CNY mil 4,155 8,605 13,092
Provisions CNY mil 2,290 7,366 11,363
Net Profit CNY mil 1,440 937 1,297
Balance Sheet 2016 2017 2018
Interbank Loans CNY mil 289 372 384
Customer Loans CNY mil 38,901 75,913 85,860
Debt Securities CNY mil 0 0 0
Total Assets CNY mil 48,574 89,281 99,674
Shareholders' Equity CNY mil 7,086 11,715 11,431
Interbank Borrowing CNY mil 38,816 71,058 77,224
Customer Deposits CNY mil 0 0 0
Issued Debt Securities CNY mil 0 2,717 8,217
Ratios 2016 2017 2018
ROE % 24.6 9.97 11.2
ROA % 4.27 1.36 1.37
Costs (As % Of Assets) % 10.1 8.73 7.12
Costs (As % Of Income) % 45.0 41.1 34.0
Net Interest Margin % 17.1 16.0 17.2
NPLs (As % Of Loans) % ... ... 1.57
Provisions (As % Of NPLs) % ... ... 788
Growth Rates 2016 2017 2018
Total Revenue Growth % 67.0 93.7 35.6
Operating Cost Growth % 62.5 77.2 11.9
Operating Profit Growth % 70.8 107 52.1
Net Profit Growth % 62.0 -34.9 38.4
Customer Loan Growth % 148 95.1 13.1
Total Asset Growth % 157 83.8 11.6
Shareholders' Equity Growth % 52.5 65.3 -2.42
Employees 63,725 89,468 57,789

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summary Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Net Interest Income CNY mil       -124 -313 2,599 3,714 5,771    
Total Revenues CNY mil       1,094 2,155 3,204 4,520 7,549    
Operating Profit CNY mil       437 1,167 1,762 2,433 4,155    
Net Profit CNY mil       280 612 531 889 1,440    
balance sheet                    
Interbank Loans CNY mil       99.9 109 102 187 289    
Customer Loans CNY mil       2,893 5,695 7,962 15,666 38,901    
Debt Securities CNY mil       0 0 0 0 0    
Total Assets CNY mil       3,566 6,967 10,366 18,892 48,574    
Shareholders' Equity CNY mil       1,629 2,550 4,174 4,646 7,086    
Interbank Borrowing CNY mil       1,662 3,772 5,321 12,984 38,816    
Customer Deposits CNY mil       0 0 0 0 0    
Issued Debt Securities CNY mil       0 0 0 0 0    
ratios                    
ROE %       19.9 29.3 15.8 20.2 24.6    
ROA %       10.2 11.6 6.13 6.08 4.27    
Costs (As % Of Assets) %       24.0 18.8 16.6 14.3 10.1    
Costs (As % Of Income) %       60.1 45.8 45.0 46.2 45.0    
Net Interest Margin %       -4.52 -5.94 30.0 25.4 17.1    
Interest Income (As % Of Revenues) %       -11.3 -14.5 81.1 82.2 76.5    
Fee Income (As % Of Revenues) %       111 114 18.6 17.2 22.6    
Staff Cost (As % Of Total Cost) %       60.4 61.6 58.6 61.7 69.2    
Equity (As % Of Assets) %       45.7 36.6 40.3 24.6 14.6    
Loans (As % Assets) %       81.1 81.7 76.8 82.9 80.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...  
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...  
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Interest Income CNY mil       3.75 11.9 3,214 4,513 8,114    
Interest Cost CNY mil       127 325 615 799 2,343    
Net Interest Income CNY mil       -124 -313 2,599 3,714 5,771    
Net Fee Income CNY mil       1,210 2,462 597 778 1,703    
Other Income CNY mil       8.39 5.89 8.20 28.8 74.8    
Total Revenues CNY mil       1,094 2,155 3,204 4,520 7,549    
Staff Cost CNY mil       397 608 845 1,288 2,348    
Depreciation CNY mil       28.9 32.8 45.8 60.4 78.1    
Other Cost CNY mil       232 347 552 739 967    
Operating Cost CNY mil       658 988 1,442 2,088 3,393    
Operating Profit CNY mil       437 1,167 1,762 2,433 4,155    
Provisions CNY mil       156 403 978 1,134 2,290    
Extra and Other Cost CNY mil       < -0.001 < 0.001 < -0.001 < 0.001 < 0.001    
Pre-Tax Profit CNY mil       281 764 784 1,299 1,865    
Tax CNY mil       0.798 152 253 410 425    
Minorities CNY mil       54.0 70.0 86.0 102 118    
Net Profit CNY mil       280 612 531 889 1,440    
growth rates                    
Net Interest Income Growth % ...     218 153 -931 42.9 55.4    
Net Fee Income Growth % ...     150 104 -75.8 30.4 119    
Total Revenue Growth % ...     157 96.9 48.7 41.1 67.0    
Operating Cost Growth % ...     43.3 50.2 46.0 44.8 62.5    
Operating Profit Growth % ...     -1,406 167 51.0 38.1 70.8    
Pre-Tax Profit Growth % ...     -512 172 2.61 65.7 43.6    
Net Profit Growth % ...     -510 119 -13.3 67.5 62.0    
market share                    
Market Share in Revenues % ...     0.035 0.060 0.076 0.097 0.161   ...
Market Share in Net Profit % ... ... ... 0.019 ... ... ... ... ... ...
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                    
Cash CNY mil       428 952 1,982 2,183 8,058    
Interbank Loans CNY mil       99.9 109 102 187 289    
Customer Loans CNY mil       2,893 5,695 7,962 15,666 38,901    
Debt Securities CNY mil       0 0 0 0 0    
Fixed Assets CNY mil       132 141 214 267 428    
Total Assets CNY mil       3,566 6,967 10,366 18,892 48,574    
Shareholders' Equity CNY mil       1,629 2,550 4,174 4,646 7,086    
Of Which Minority Interest CNY mil ... ... ... ... ... ... ... 0    
Liabilities CNY mil       1,937 4,416 6,192 14,246 41,488    
Interbank Borrowing CNY mil       1,662 3,772 5,321 12,984 38,816    
Customer Deposits CNY mil       0 0 0 0 0    
Issued Debt Securities CNY mil       0 0 0 0 0    
Other Liabilities CNY mil       275 644 871 1,262 2,672    
asset quality                    
Non-Performing Loans CNY mil ... ... ... ... ... ... ... ... ...  
Gross Loans CNY mil       3,052 6,108 8,882 16,817 41,306    
Total Provisions CNY mil       158 413 920 1,151 2,405    
growth rates                    
Customer Loan Growth % ...     130 96.8 39.8 96.8 148    
Total Asset Growth % ...     86.7 95.4 48.8 82.2 157    
Shareholders' Equity Growth % ...     37.9 56.6 63.7 11.3 52.5    
market share                    
Market Share in Customer Loans %       0.004 0.007 0.009 0.015 0.033   ...
Market Share in Total Assets %       0.003 0.005 0.006 0.009 0.021   ...
Market Share in Customer Deposits %       0 0 0 0 0   ...
ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                    
ROE %       19.9 29.3 15.8 20.2 24.6    
ROA %       10.2 11.6 6.13 6.08 4.27    
Costs (As % Of Assets) %       24.0 18.8 16.6 14.3 10.1    
Costs (As % Of Income) %       60.1 45.8 45.0 46.2 45.0    
Net Interest Margin %       -4.52 -5.94 30.0 25.4 17.1    
Interest Spread % ...     -9.42 -10.0 25.5 23.0 15.6    
Asset Yield %       0.137 0.226 37.1 30.8 24.1    
Cost Of Liabilities % ...     9.56 10.2 11.6 7.81 8.41    
Interest Income (As % Of Revenues) %       -11.3 -14.5 81.1 82.2 76.5    
Fee Income (As % Of Revenues) %       111 114 18.6 17.2 22.6    
Other Income (As % Of Revenues) %       0.767 0.273 0.256 0.636 0.991    
Cost Per Employee USD per month ... ... ... ... ... ... ... 457    
Cost Per Employee (Local Currency) CNY per month ... ... ... ... ... ... ... 3,070    
Staff Cost (As % Of Total Cost) %       60.4 61.6 58.6 61.7 69.2    
Equity (As % Of Assets) %       45.7 36.6 40.3 24.6 14.6    
Loans (As % Assets) %       81.1 81.7 76.8 82.9 80.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...  
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...  
Provisions (As % Of Loans) %       5.47 7.26 11.6 7.35 6.18    
Cost of Provisions (As % Of Loans) %       7.50 9.38 14.3 9.60 8.39    
other data Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                    
Employees ... ... ... ... ... ... ... 63,725    

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Home Credit China's net interest margin rose 1.18% yoy to 17.0% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit China's net interest margin amounted to 17.0% in the second quarter of 2019, down from 17.1% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 32.2% in 1Q2015 and an all time low of ...

Home Credit China's equity (as % of assets) fell 4.75% yoy to 10.9% in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit China's Equity reached 8.57% of total assets in the 2Q2019, up from 7.94% for the previous year. As a share of net customer loans, the ratio amounted to 15.6% at the end of the second quarter of 2019. ...

Home Credit China's net profit rose 38.4% to CNY 1,297 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit China made a net profit of CNY 1,297 mil under revenues of CNY 19,823 mil in 2018, up 38.4% and 35.6% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of CNY 1,440 mil in 2016 and an all time low of ...

Home Credit China's net interest income rose 46.6% to CNY 16,211 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit China generated total banking revenues of CNY 19,823 mil in 2018, up 35.6% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of CNY 19,823 mil in 2018 ...

Home Credit China's net interest margin rose 6.94% to 17.2% in 2018

By Helgi Analytics - November 05, 2019

Home Credit China's net interest margin amounted to 17.2% in 2018, up from 16.0% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 30.0% in 2014 and an all time low of -5.94% in 2013. The average mar...

Home Credit China's customer loans rose 13.1% to CNY 75,913 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit China's customer loans reached CNY 75,913 mil in 2017, up 95.1% compared to the previous year. Chinese banking sector provided customer loans of CNY 130,000 bil in 2017, up 11.5% when compared to the last year. Home Credit China accounted for ...

Home Credit China's customer deposits remain unchanged at CNY 0 mil in 2018

By Helgi Analytics - November 05, 2019

Home Credit China's customer deposits reached CNY 0 mil in 2017, down 0% compared to the previous year. Chinese banking sector accepted customer deposits of CNY 85,000 bil in 2017, up 19.7% when compared to the last year. Home Credit China accounted for 0...

Home Credit China's customer loans rose 14.3% yoy to CNY 38,901 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit China's customer loans reached CNY 38,901 mil in 2016-12-31, up 27.9% compared to the previous year. Chinese banking sector provided customer loans of CNY 116,601 bil in 2016-12-31, up 2.32% when compared to the last year. Home Credit China ac...

Home Credit China's customer deposits remain unchanged yoy at CNY 0 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Home Credit China's customer deposits reached CNY 0 mil in 2016-12-31, down 0% compared to the previous year. Chinese banking sector accepted customer deposits of CNY 71,030 bil in 2016-12-31, up 6.68% when compared to the last year. Home Credit China acc...

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Finance

Home Credit China has been growing its revenues and asset by 63.7% and 74.1% a year on average in the last 3 years. Its loans and deposits have grown by 76.3% and 0% 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 15.2% in the last three years with net profit growing 13.4% a year on average. In terms of operating efficiency, its cost to income ratio reached 34.0% in 2018, compared to 40.0% average in the last three years.

Equity represented 11.5% of total assets or 13.3% of loans at the end of 2018. Home Credit China's non-performing loans were 1.57% of total loans while provisions covered some 788% of NPLs at the end of 2018.