1, many people think that consumer finance of Shanxi merchants is a rogue company, a fraud company and certainly not a formal financial institution. However, it is really one of the few licensed companies in China, and it is the first batch of 14 companies to get a license.
2. Public information shows: a national licensed consumer finance company approved by the China Banking Regulatory Commission, and a member of the Consumer Finance Professional Committee of the China Banking Association. Founded on February 23rd, 20 16, and headquartered in Taiyuan, Shanxi. It is the14th consumer finance company in China approved by China Banking Regulatory Authority. Moreover, among the shareholders of Jinshang Consumer Finance, there is a formal bank, Jinshang Bank, which holds 40% of the shares. Its second largest shareholder is Beijing Qifeixiang Art Business Consulting Co., Ltd., holding 25% of the shares. This is one of many companies owned by Zhou Hongyi. Zhou Hong _ used to be the inventor of rogue software, but now his company has this kind of rogue behavior again. The temperament of the two is really good!
3. Taiyuan Central Sub-branch of the People's Bank of China made a penalty decision to suspend the inquiry authority of the credit information system from now on, and instructed it to carry out internal rectification and earnestly implement various regulatory requirements.
As a licensed institution, the right of credit inquiry is the basis of Shanxi merchants' mortgage business. Now that the right of credit inquiry has been suspended, it means that the main business of Shanxi merchants' consumer finance may have to be shut down.
The business development and profit statement of Jinshang Consumer Finance Company has always been the "bottom three" among domestic consumer finance companies. According to the 2020 annual report disclosed by its shareholder Yuxin Technology, the revenue of consumer finance of Jinshang in 2020 was 546 million yuan, an increase of 4.677% compared with 372 million yuan in 20 19, and the net profit was 54 million yuan, an increase of 52 million yuan compared with 20 19. Compared with 20 19, the revenue increased by 46.77% to 546 million yuan, which is still the third lowest among the consumer companies that publish data at present. Only Jinmei consumption and Suning consumption have lower revenues than it. Moreover, the Shanxi merchants whose revenues increased greatly hardly increased their profits, and their net profit only increased by 2 million yuan.
However, this is only a superficial phenomenon. A large increase in income means an increase in the number of lenders. The annual interest rate of Shanxi merchants' consumer finance is generally much higher than 20%, which essentially means rejecting high-quality customers and absorbing a large number of inferior customers. The hidden overdue risk is definitely far greater than the temporary increase of 2 million net profit.
This is essentially an act of quenching thirst by drinking poison. It is not only the confusion of internal control management of consumer finance in Shanxi province, but also the company's anxiety about business and thirst for profit behind writing customer credit information into the "professional chicken decade".