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Qudian

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Qudian

Qudian is a Chinese online micro-credit provider, which is backed by Alibaba Group affiliate Ant Financial. The Company was set up in 2014 to facilitate merchandise credit and cash credit to college students on campuses across China. Starting from Nov 2015, Qudian shifted its focus to a broader base of young consumers in China and since Jul 2016, it engaged all borrowers as to its cash and merchandise credit products through online channels. The

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Qudian is a Chinese online micro-credit provider, which is backed by Alibaba Group affiliate Ant Financial. The Company was set up in 2014 to facilitate merchandise credit and cash credit to college students on campuses across China. Starting from Nov 2015, Qudian shifted its focus to a broader base of young consumers in China and since Jul 2016, it engaged all borrowers as to its cash and merchandise credit products through online channels. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds. Approved borrowers are then able to draw down on their cash credit with cash disbursed immediately into their Alipay accounts in digital form. The Company also offers merchandise credit products to finance borrowers’ direct purchase of merchandise offered on its marketplace on installment basis. Its marketplace connects consumers with merchandise suppliers. In 2018, it was offering 14 categories of merchandise from over 1,000 brands covering primarily consumer electronics, home appliances, watches and accessories, sports and outdoor merchandise and luggage. Until the middle of 2019, the Company facilited loans to 76 mil clients with total on- and off-balance sheet loans accounting for RMB 29 bil at the end of June 2019. The Company was listed on the New York Stock Exchange in October 2017 and raised about US$ 900 mil. Phoenix Partners, The Kunlun Group and Ant Financial Services Group were among the largest shareholders in the Company at the end of 2018.

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AnnualQuarterly
summary Unit
2014 2015 2016 2017 2018

income statement

12.1 5.14 1,004    
15.1 86.6 1,175    
-39.1 -186 831    
-40.8 -233 577    

balance sheet

... 34.9 586    
... 2,061 4,827    
... 2,676 7,118    
... -631 2,514    
... 1,652 4,259    
... 0 0    
... 0 0    

ratios

... 36.9% 61.3%    
... -8.71% 11.8%    
... 10.2% 7.02%    
359% 315% 29.2%    
... 0.192% 20.5%    
79.9% 5.93% 85.4%    
20.1% 94.1% 14.6%    
... -23.6% 35.3%    
... 77.0% 67.8%    
0.049% 0.918% 1.75%    
2,053% 165% 186%    

valuation

... ... 7,291    
79.3 79.3 304    
... ... 167    
-0.514 -2.94 1.90    
... -7.96 8.27    
... ... 87.9    
... ... 20.2    
... 472% -165%    
... ... -204%    

Download Data
income statement Unit
2014 2015 2016 2017 2018

income statement

Interest Income CNY mil
Interest Cost CNY mil
Net Interest Income CNY mil
Net Fee Income CNY mil
Other Income CNY mil
Total Revenues CNY mil
Other Cost CNY mil
Operating Cost CNY mil
Operating Profit CNY mil
Provisions CNY mil
Extra and Other Cost CNY mil
Pre-Tax Profit CNY mil
Tax CNY mil
Minorities CNY mil
Net Profit CNY mil
21.1 154 1,271    
9.01 148 268    
12.1 5.14 1,004    
3.04 81.5 171    
0 0 0    
15.1 86.6 1,175    
54.2 273 344    
54.2 273 344    
-39.1 -186 831    
1.67 45.1 133    
-0.003 2.08 -5.07    
-40.8 -233 703    
0 0 127    
0 0 0    
-40.8 -233 577    

growth rates

... -57.5% 19,437%    
... 2,579% 110%    
... 473% 1,257%    
... 403% 26.0%    
... 375% -547%    
... 472% -402%    
... 472% -347%    

Download Data
balance sheet Unit
2014 2015 2016 2017 2018

balance sheet

... 210 786    
... 34.9 586    
... 2,061 4,827    
... 2,676 7,118    
... -631 2,514    
... 3,307 4,604    
... 1,652 4,259    
... 0 0    
... 0 0    
... 1,655 345    

asset quality

0.250 20.8 87.7    
513 2,261 5,020    
5.13 34.2 163    

growth rates

... ... 134%    
... ... 166%    
... ... -498%    

Download Data
ratios Unit
2014 2015 2016 2017 2018

ratios

... 36.9% 61.3%    
... -8.71% 11.8%    
... 10.2% 7.02%    
359% 315% 29.2%    
... 0.192% 20.5%    
... ... 19.2%    
... 5.74% 26.0%    
... ... 6.77%    
79.9% 5.93% 85.4%    
20.1% 94.1% 14.6%    
0% 0% 0%    
... -23.6% 35.3%    
... 77.0% 67.8%    
0.049% 0.918% 1.75%    
2,053% 165% 186%    
... 1.66% 3.38%    
... 2.19% 3.86%    

Download Data
other data Unit
2014 2015 2016 2017 2018

other data

... ... ...    
... ... ...    
513 2,263 6,332    
513 2,261 5,020    
0 0 1,361    
0% 0% 21.5%    
100% 99.9% 79.3%    
... ... ...    
... ... 1,110    
... ... 3.20%    
... ... 1.08%    
... ... 0.127%    
10.6% 19.6% 7.99%    
... -27.9% 39.7%    
... ... 260    
... ... 184    
... ... 156    
578 4,254 30,222    
0 0 2,009    
578 4,254 32,231    
199 2,687 40,599 ... ...
2,906 1,583 744 ... ...
... ... 21.8    
... ... 0    
... ... 0.861    
... ... 20.9    
... ... 1,361    
... ... 3.07%    
... ... 0.030    

Download Data
Qudian in Quarterly Numbers

This Quarterly statistical dossier offers a summary of Qudian's performance between Dec 14 and Jun 19 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital

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This Quarterly statistical dossier offers a summary of Qudian's performance between Dec 14 and Jun 19 on an quarterly basis. The report can be downloaded as an excel file.

You will find here the key numbers from the bank's balance sheet and income statement and the main ratios related to the bank's business such as asset quality, capital ratios, number and cost of employees or a detailed breakdown of some of the bank's business such as its loan portfolio.

In addition, the excel file provides a detailed overview of the bank's market position in comparison with the overall banking sector. You can, for example, track Qudian's market position in mortgage or consumer lending.

If you are only interested in particular areas of the bank's business, you can find and download specific indicators from the bank's corporate profile, or specific charts from the bank's charts section, where you can find a comparison of the bank with its peers.

If you are interested in the bank’s quarterly figures, please refer to the bank’s quarterly statistical dossier.

Based on a comparison of 18 banks in China in 2018, Home Credit China operated with the highest net interest margin, followed by Qudian and VCredit Holdings.

Home Credit China's net interest margin amounted to 17.2% in 2018, up

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Based on a comparison of 18 banks in China in 2018, Home Credit China operated with the highest net interest margin, followed by Qudian and VCredit Holdings.

Home Credit China's net interest margin amounted to 17.2% in 2018, up from 16.0% when 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 margin in the last five years amounted to 21.1%.

Average asset yield was 24.7% in 2018, up from 23.7% when compared to previous year. On the other hand, cost of funding amounted to 8.57% in 2018, down from 8.90%.

Comparing Home Credit China with its closest peers, Qudian operated in 2018 with a net interest margin of 15.7% VCredit Holdings reached 14.0% and Lexin FinTech some 13.6%.

You can see all the banks interest margin data on the Net Interest Margin indicator page or you can download a report on the Chinese banks in the report section.

Based on a comparison of 20 banks in China, Industrial & Commercial Bank of China produced the highest net profit in 2018, followed by China Construction Bank and Agricultural Bank of China.

Industrial & Commercial Bank of China made

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Based on a comparison of 20 banks in China, Industrial & Commercial Bank of China produced the highest net profit in 2018, followed by China Construction Bank and Agricultural Bank of China.

Industrial & Commercial Bank of China made a net profit of CNY 293,170 mil, up 4.10% compared to the previous year. Historically, the bank’s net profit reached an all time high of CNY 293,170 mil in 2018 and an all time low of CNY 5,220 mil in 2000. The average profit in the last five years amounted to CNY 279,838 mil.

The bank generated an average return on equity of 15.5% for its shareholders in the last five years with a maximum of 19.7% and a minimum of 13.2%.

Comparing Industrial & Commercial Bank of China with its closest peers, China Construction Bank generated a net profit of CNY 254,655 mil with a ROE of 13.6% in 2018, Agricultural Bank of China netted CNY 202,783 mil (ROE of 13.1%) and Bank of China announced a net profit of CNY 180,086 mil giving a ROE of 10.9%.

You can see all the banks net profit data on the Net Profit indicator page or you can download a report on the Chinese banks in the report section.

Based on a comparison of 19 banks in China in 2018, Industrial & Commercial Bank of China was the largest lender, followed by China Construction Bank and Bank of China.

Industrial & Commercial Bank of China loans reached CNY 15,046,100

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Based on a comparison of 19 banks in China in 2018, Industrial & Commercial Bank of China was the largest lender, followed by China Construction Bank and Bank of China.

Industrial & Commercial Bank of China loans reached CNY 15,046,100 mil, up 8.30% compared to the previous year. Historically, the bank’s loans reached an all time high of CNY 15,046,100 mil in 2018 and an all time low of CNY 2,419,000 mil in 2000.

Comparing Industrial & Commercial Bank of China with its closest peers, China Construction Bank customer loans amounted to CNY 13,365,400 mil, Bank of China operated with CNY 11,515,800 mil loans and Agricultural Bank of China had a loan portfolio of CNY 11,461,500 mil.

You can see all the banks loans on the Customer Loans indicator page or you can download a report on the Chinese banks in the report section.

Based on a comparison of 19 banks in China in 2018, Industrial & Commercial Bank of China was the largest bank by assets, followed by China Construction Bank and Agricultural Bank of China.

Industrial & Commercial Bank of China assets

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Based on a comparison of 19 banks in China in 2018, Industrial & Commercial Bank of China was the largest bank by assets, followed by China Construction Bank and Agricultural Bank of China.

Industrial & Commercial Bank of China assets reached CNY 27,699,500 mil, up 6.18% when compared to the last year. Historically, the bank’s assets reached an all time high of CNY 27,699,500 mil in 2018 and an all time low of CNY 3,997,800 mil in 2000.

Comparing Industrial & Commercial Bank of China with its closest peers, China Construction Bank assets amounted to CNY 23,222,700 mil, Agricultural Bank of China operated with CNY 22,609,500 mil assets and Bank of China had total assets of CNY 21,267,300 mil.

You can see all the banks assets on the Total Assets indicator page or you can download a report on the Chinese banks in the report section.

See all charts of the company »
Qudian's npls (as % of loans) rose 27.3% to 5.62% in 2Q2019
Qudian's share price (end of period) fell 8.67% to CNY 44.6 in 2Q2019
Qudian's share price (end of period) fell 8.67% to CNY 44.6 in 2Q2019
Qudian's price/earnings (P/E) fell 22.7% to 3.60 in 2Q2019
Qudian's net interest margin fell 13.6% to 17.8% in 2Q2019
Qudian's net interest margin fell 13.6% to 17.8% in 2Q2019
Qudian's net interest income fell 7.59% to CNY 819 mil in 2Q2019
Qudian's equity (as % of assets) rose 1.71% to 65.6% in 2Q2019