Xiaomi consumer finance, born with a golden key, is experiencing a dark moment.
1030 10 Looking at the semi-annual report of Chongqing Rural Commercial Bank (hereinafter referred to as Chongqing Rural Commercial Bank), Xiaomi Xiaojin's major shareholder found that in just half a year, Xiaomi Xiaojin's total assets tripled, but its performance lost more than 65 million yuan.
Prior to this, the "disguised salary reduction" storm triggered by Xiaomi's gold rush was also a critical moment when the financial report was about to be disclosed. Is there any connection between the two?
Xiaomi Consumer Finance told Xinyan Finance: This salary assessment adjustment has nothing to do with the company's performance, but is related to the company's development stage. With the continuous development of the company, the assessment system of human resources will become more and more mature and scientific. In 2020, the company will be profitable in half a year, and the first year should be the first profitable institution in the consumer industry. In 20021year, the company will continue to develop healthily and achieve profitability.
In the first half of the year, the loss exceeded 65 million, and 202 1 continued to achieve profitability, and Xiaomi's consumer finance pressure was not small.
Unlike the previously high-profile financial report for the first half of 2020 and the 2020 annual report, Chongqing Rural Commercial Bank did not explicitly disclose Xiaomi Xiaojin's net profit index for the first half of this year.
On the evening of August 25th, the financial report for the first half of 20021disclosed by Chongqing Rural Commercial Bank showed that the column of "proportion of consolidated profit and other comprehensive income after deducting profit distribution" in the rights and interests of Chongqing Rural Commercial Bank and its affiliated companies showed a loss of195.98 million yuan in the first half of this year.
The financial reports of Chongqing Rural Commercial Bank and Tianyancha show that Xiaomi Consumer Finance is the only joint venture company of Chongqing Rural Commercial Bank.
Combined with the disclosure that Chongqing Rural Commercial Bank holds 30% equity of Xiaomi, it can be calculated that the net profit loss of Xiaomi's consumer finance in the first half of this year is as high as 65.327 million yuan. (calculation method: 19598000/0.3).
1030 10 Looking at the previous financial reports of Chongqing Rural Commercial Bank, it is found that this is not the first time that Xiaomi Xiaojin has lost money.
Chongqing Rural Commercial Bank disclosed in last year's interim report that Xiaomi Xiaojin had a loss of 9.069 million yuan from its establishment to June 30, 2020. This loss is only one month away from the establishment and opening of Xiaomi Xiaojin. By the end of 2020, Xiaomi had turned losses into profits by excluding gold, and achieved a net profit of 6,543,800+0.094 million yuan during the reporting period.
"The company achieved profitability in half a year after its opening in 2020. It should be the first organization in the consumer industry to make a profit in the first year. In 20021year, the company will continue to develop healthily and continue to achieve profitability. " Xiaomi Xiaojin told Xinyan Finance.
In the first half of this year, Xiaomi lost money again, and the loss greatly expanded to more than 65 million.
According to the statistics of financial reports of listed companies, Xinyan Finance revealed that only two of the 17 licensed companies, namely Suning and Sunshine, suffered losses of 34 million and 43 million respectively in the first half of this year.
If there is no enterprise with a loss of more than 65 million in unpublished data, then Xiaomi Xiaojin is the enterprise with the biggest loss in the licensed gold industry. Xiaomi Xiaojin changed from "the organization with the first profit in the first year" to the organization with a "loss" in the performance of licensed Xiaojin.
Despite poor performance, Xiaomi Xiaojin's total assets tripled in the first half of this year. Specifically, Chongqing Rural Commercial Bank disclosed in the 2020 annual report that the total assets of Xiaomi Xiaojin were 65.438+57.4 billion yuan, but in this year's semi-annual report, it increased to 46.95438+0 billion yuan.
In this regard, Xiaomi Xiaojin replied to Xinyan Finance: The main reason is that with the strong support of shareholders and the unremitting efforts of the team, the business has developed rapidly, and the loan scale and customers have grown steadily.
According to statistics, as of May this year, Xiaomi's total consumer finance loans exceeded 5 billion yuan, serving more than 300,000 users. In addition, * * * 34 banks provide credit, and the accumulated credit line exceeds 654.38 billion yuan.
I
As can be seen from the pictures in the news, Xiaomi Consumer Finance defines the basic salary as "labor remuneration paid by employees after completing their job duties or work quotas", which is calculated according to the attendance of employees. The higher the salary, the lower the basic salary, 1~2 80%, 3~4 70%, 5+60%. At the same time, the assessment system of Xiaomi's consumer finance has also been tightened simultaneously. One minute late will be deducted for one hour. If you forget to punch in, you are not allowed to make up the card.
Xiaomi's official Weibo issued the Statement on the Company's Performance Management System and Salary Management System (hereinafter referred to as the Statement): On July 22nd, the 11th meeting of the first board of directors of the company reviewed and approved Xinyan Finance and Xinyan Finance. According to the Performance Management System of Chongqing Xiaomi Consumer Finance Co., Ltd. (Trial), the two systems stipulate the ratio of fixed salary to floating salary, and there is no so-called "disguised salary reduction".
Xiaomi Consumer Finance also pointed out in the "Description" that due to the lack of meticulous communication with employees, some employees have misunderstandings and dissatisfaction. Here, the company's management sincerely apologizes and keeps continuous communication with employees in order to reach an understanding and continue to maintain a positive performance and salary system under the premise of compliance.
Up to now, the above response is still at the top of Xiaomi Xiaojin Guan Wei.
It is worth noting that Xiaomi's salary reduction coincides with the key time of financial report disclosure.
"Chongqing Xiaomi Consumer Finance Co., Ltd. Salary Management System (Trial)" On September 9, 2008, we asked the company whether the salary adjustment of Xiaomi Xiaojin employees was linked to performance. Xiaomi Xiaojin said: This salary assessment adjustment has nothing to do with the company's performance.
"Since its establishment, the company has strictly adhered to the spirit of the Code. However, because the company's new business has been unstable, the assessment indicators are relatively imperfect, and the proportion of fixed wages is high. As the business development becomes smoother and smoother, the degree of refinement of the assessment is getting higher and higher, and it is natural to further increase the floating ratio, which is also in line with our management philosophy of high efficiency and high salary. " Xiaomi Xiaojin said.
From the time of its establishment, Xiaomi Xiaojin was one.
A very young enterprise.
Hongfeng, co-founder and senior vice president of Xiaomi, is the chairman of Xiaomi Consumer Finance, and the president is Zhou Bin.
According to public information, Hongfeng joined Xiaomi on 20 10 to be responsible for MIUI (mobile operating system and Internet service). From 20 15, Xiaomi Finance was laid out, including Internet small loans, third-party payment, Internet financing, Internet insurance, supply chain finance, financial technology, virtual banks, consumer finance companies and overseas business sectors. He is a high-tech executive.
Before joining Xiaomi Xiaojin, Zhou Bin was the vice president of Changshu Bank and a financial executive. According to the previous announcement of Changshu Bank, Xinyan Finance found that Zhou Bin had worked in Changshu Bank for eight years, with an annual salary of over one million, which was more than four times that of other vice presidents in the same period. Before being promoted to vice president, he was the general manager of the microfinance headquarters of Changshu Bank.
Hongfeng and Zhou Bin's "Technology and Finance" management background is very suitable for consumer finance business.
However, the high-quality innate conditions of such a "giant bank" and the background of senior talents in "technology and finance" still failed to make Xiaomi Xiaojin hand over an "excellent report card".
"If the interest rate ceiling of 24% is strictly implemented, the entire consumer industry will be greatly affected. From the cost point of view, when conducting financial business, the three main costs of capital cost, risk cost and customer acquisition cost will basically reach 7%-8%. Together with various costs such as management cost and research and development cost, it is basically impossible to earn money. " An executive of a head financial technology company told Xinyan Finance.
The executive also said, "Unless one or two of the three major costs of capital cost, risk cost and customer acquisition cost can be reduced, it will be difficult. Or make the scale bigger and fight like Zhilian. "
In other words, if the consumer finance business wants to develop healthily, it must be scaled up. "Rome wasn't built in a day", the newly established Xiaomi Consumer Finance Company can't do it overnight in scale, so it can only wait for the test of time.
But is the reason for Xiaomi's loss a phased loss caused by rapid business growth or an increase in "risk cost"? The real answer is only clear to Xiaomi gold digger.
Related Q&A: How to uninstall Xiaomi Finance? What are the two ways to uninstall Xiaomi Financial app? Xiaomi financial APP uninstallation method: Method 1: Xiaomi mobile phone comes with users of Xiaomi financial app. Press "Lock Screen" and "Volume-"at the same time to enter the fast boot mode, just "restart the phone"-"restart to enter the second system". Don't forget to turn off automatic updates after uninstalling updates. Method 2: Users who don't have their own mobile phone system and install it themselves can press Xiaomi Financial APP and drag and drop it up, which is very convenient.
Related Q&A: Xiaomi Finance is three years overdue, rising from 9000 to 17000. I plan to return it this year. Is there any way to negotiate not to repay the penalty interest? Unable to repay, you want the platform to reduce interest. How would you negotiate with the platform?
This article comes from a real case of Fan Dadong, who recently successfully negotiated with the online lending platform and won the right of interest reduction for himself.
Because there are many dry goods in the negotiation process, which are very referential, Bian Xiao specially sorted them out and shared them with you, hoping to help you negotiate repayment in the future ~
I. Overdue
Let me briefly talk about Dadong's overdue situation: in June this year, he borrowed 20,000 yuan from the small loan platform and paid it off in 12 installments. The previous installments were all repaid on time, but in the ninth installment, due to personal capital turnover problems, it was overdue.
From the day it was overdue, 10, 18, Dadong kept receiving calls and text messages, followed by a penalty of nearly 100 yuan per day.
Second, collection
1, explaining the situation
On the day of 10, 18, the collection called and asked about the overdue reason.
Dadong showed his attitude at the first time-he didn't mean to be late, but he did have major expenses at home recently and encountered some difficulties. There is not so much money that can be turned around for the time being. I hope I can give some time, and I will definitely pay it back then.
Of course, the collection will definitely not agree, just repeatedly urging Dadong to pay back the money quickly. But after all, it is the first day overdue, so the attitude is ok, and there is no contradiction between the two sides.
2. Rational reaction
In the next few days, the collection continued. Because the funds can't be raised at the moment, Dadong is overwhelmed and can only continue to pray for a certain grace period.
However, after a long time, the collection may mistakenly think that he is looking for an excuse and deliberately causes overdue, so his attitude gradually becomes tough.
First of all, the telephone collection is frequent, and the interval between calls is less than an hour, which seriously affects his normal work, so he doesn't answer the phone.
Who knows that this move actually annoyed the collection and was mistaken for malicious loss, so he threatened him in WeChat and SMS.
After receiving similar threats, Dadong ignored them. At that time, he only had one idea-to get enough money and pay it back first, so as not to be harassed all the time.
He managed to collect enough money, and before he could pay it back, his friend actually received a reminder message the next day.
Third, consultation.
Originally, Dadong's appeal was only to ask for an extension. Later, it was just a waste of breath, so he was prepared to borrow money to repay the loan first.
But when he saw the text messages received by his friends in the address book, he was not prepared to compromise-since the collection was obviously illegal, he could completely safeguard his rights and interests.
Not much nonsense, just dry goods.
1, sorting out favorable evidence
The "Self-discipline Convention on Collection of Overdue Debt in Internet Finance" issued by the Mutual Fund Association clearly stipulates the collection methods and behaviors. According to the usual practice, Dadong collected several favorable evidences:
1), Article 16 of the Convention, the collector shall not use language or behavior such as intimidation or threats when communicating with the debtor. However, the collection personnel violated the relevant regulations when collecting calls, text messages and WeChat, and Dadong also saved the evidence in the form of recordings and screenshots.
2) Article 17 of the Convention stipulates that collection activities shall be carried out at an appropriate time, and debtors shall not be harassed by frequent telephone calls. Obviously, the collector didn't do it either, and the relevant call records were also kept by Dadong.
3) According to Article 18 of the Convention, the collection personnel shall not disclose the debtor's personal information such as debt, overdue and breach of contract to other personnel. However, it is obviously illegal for the collector to send a short message to Dadong's address book friends.
Step 2 make a request
After sorting out the evidence, Dadong directly contacted the customer service of the online loan platform, explained the violations of the collection, and played relevant recordings. The customer service attitude softened with the naked eye and told Dadong to send someone to handle it.
Subsequently, the staff of the loan platform took the initiative to contact Dadong, and in the process, Dadong took the opportunity to put forward his own reasonable demands:
1) The collection method is indeed illegal, and I have the right to defend my rights through legal channels, requiring me to continue repayment after the platform handles violent collection;
2) After the overdue period, the liquidated damages are too high, which obviously exceeds the legal standard, and it is required to reduce the liquidated damages and part of the interest.
After several negotiations, the two sides finally reached an agreement-the online loan platform reduced all the liquidated damages and part of the interest, and urged the company to issue an apology letter, and Dadong paid off the remaining debts in installments.
Generally speaking, although there are some minor twists and turns in the negotiation of collection and repayment, Dadong's overall attitude is very calm and restrained, and his demands are also very reasonable and clear, and he can finally achieve his goal.
I hope everyone can gain something after reading it and treat their debts and collections rationally and calmly.
Of course, sharing this case with everyone is not to let everyone break the contract, but to learn to safeguard their reasonable rights and interests according to law. After all, it is natural to pay back debts, and of course you have to pay back money.