360 Finance’s net profit in 2019 increased by 50%, and M3 + overdue rate was 1.5%

On April 30th, EST, 360 Finance (NASDAQ: QFIN) released its 2019 financial report.The data shows that 360 Finance’s net income in 2019 was 92.200 million yuan, up from 44 in 2018.4.7 billion increased by 107.3%.The company’s net profit under non-US accounting standards reached 27.US $ 5.2 billion, an increase of US $ 1.8 billion in 2018.8%.As of the end of the reporting period, 360 Finance’s M3 + overdue merger1.5%.Obviously, after the high-profile announcement of the upgrade of the technology strategy in 2019, 360 Finance adjusted its income to the traditional income and technology income for the first time in its financial report for the year.According to the 360 Financial Report, it is reported that technology services accounted for 0% of the company ‘s business volume.8% rose to 22% at the end of the year.In terms of specific income, throughout 2019, 360 Finance’s traditional income and technology income were 80%.1.3 billion and 12.06 trillion, of which the growth rate of science and technology income is as high as 336%, exceeding the growth rate of 228% in 2018.However, 360 Finance’s technological ambitions don’t stop there.In the conference call for the fourth quarter of 2019, Wu Haisheng, CEO of 360 Finance, announced that by the end of 2020, the proportion of technology-driven business in the supplementary business will increase to 30-50%.The report also disclosed data on 360 financial user operations and loan balances.As of December 31, 2019, 360 Finance Inc. registered users1.35 billion, an increase of 71 from the end of 2018.3%; 15.91 million users obtained loans through 360 Finance, an increase of 92 compared to 2018.1%.Throughout 2019, 360 financial matching loans totaled 1986.6.7 billion US dollars, an annual increase of 107%, the credit balance at the end of the reporting period was 721.$ 5.5 billion, an annual increase of 67.5%.As of December 31, 2019, 360 Finance’s M3 + overdue interest1.5%.Sauna, Ye Wang Chen Peng editor Li Weijia proofread Wang Xin