The transaction scale increased 14 1.7% year-on-year.
In the third quarter, the total transaction volume of fun shops reached 25.6 billion yuan, a year-on-year increase of 265,438+08.8%; The number of transactions reached 26.7 million, an increase of 1 10,000 compared with last year.
Yang, chief financial officer of Fun Store, said, "In the third quarter of 20 17, Fun Store performed well, with revenue increasing by 308% and net profit increasing by 322%. In this quarter, registered users reached 56.6 million and credit users reached 23.6 million. The number of trading users has increased significantly to 7.5 million. The significant growth of active lending users is the main reason to promote the annual growth of transactions. Sales commission income accounted for 20% of the revenue in the third quarter, which was significantly higher than 5% in the same period last year, and the overall profit increased. This quarter, we achieved healthy and balanced management in revenue growth and risk control. Since April this year, the comprehensive annualized rate of all our products has been controlled below 36%. In the future, while ensuring the security of user information, we will continue to promote industry-leading practices and serve more high-quality people that traditional gold medal services cannot cover. "
According to the financial report, in the third quarter of 20 17, the number of users of fun shops reached 7.5 million, an increase of 177.8% compared with 2.7 million in the same period last year.
Based on the machine learning method and the operation of the credit evaluation model, in the third quarter, the average number of transactions handled by fun shops reached 37,682 times per hour, including 1, 2 102 and 25,580 repayments. The short-term nature of online microfinance products, the frequent initiation of repayment behavior and the repetition of borrowing activities have improved the quantity and comprehensiveness of data collection and analysis.
Commodity installment profit increased by 1490.8% year-on-year.
In the third quarter of 20 17, the financial service fee income of fun shop reached RMB105.39 million (US$ 654.38+584 million), an increase of 2/kloc-0.4% compared with RMB 335.7 million in the same period of 20 16.
Thanks to the increase in commodity business volume, the staged profits of fun shops have grown rapidly. In the third quarter of 20 17, the sales commission income of fun shops increased to 294.8 million yuan (US$ 44.3 million), an increase of 1.490.8% compared with the same period last year. Moreover, sales commission income accounted for 20% of revenue in the third quarter, far exceeding 5% in the same period last year.
Microfinance products have the characteristics of short loan time and usually short term. While meeting the immediate loan demand of consumers, it can complete multiple loan cycles in a short time, help enterprises collect a large number of user behavior data, and further improve the credit evaluation ability of the risk control model.
According to the data, in the third quarter of 20 17, the average single loan amount of cash and commodity installment loan products in fun shops was 920 yuan and 1390 yuan RMB respectively, and the average loan period was 2.4 months and 8.7 months respectively. Compared with large credit products, micro-credit products have better risk characteristics. The data showed that by the end of the third quarter, the overdue rate of vintage wine M 1+ was less than 0.5%, and the provision coverage ratio of M 1+ was 1.3 times.