Sector: Financials | Industry: Investment Management & Fund Operators |
Company Contact | |
Address: | 40/F Wangjing Soho T3, Chaoyang District BEIJING BEJ 100012 |
Tel: | 86-10-59001548 |
Website: | https://www.9fgroup.com |
IR: | See website |
Key People | ||
Lei Sun Chairman of the Board of Directors | Lei Liu President, Chief Executive Officer, Co-Founder, Chief Risk Officer, Director | Yifan Ren Vice Chairman of the Board of Directors | Li Zhang Chief Financial Officer, Director of Internal Audit and Internal Control |
Business Overview |
9F Inc is a China-based company mainly engaged in the provision of financial investment services through digital financial account platform. The Company's products and services mainly include loan products, online wealth management products, and payment facilitation. The Company provides services, including quota installment, shopping mall installment, credit card management and other services through a smart credit account product One Card (GRAPHIC). The Company also operate a online shopping platform, One Card Mall. |
Financial Overview |
For the six months ended 30 June 2023, 9F Inc - ADR revenues decreased 21% to RMB260.1M. Net loss increased 9% to RMB135.7M. Revenues reflect Technical services decrease of 20% to RMB147.9M, Post-origination services decrease of 97% to RMB906K, Others decrease of 40% to RMB14.9M. Higher net loss reflects Impairment loss of investments increase from RMB0K to RMB26.9M (expense), Unrealized loss of investment in marketa increase of 97% to RMB25.8M |