BEIJING, Dec. 5, 2017 /PRNewswire/ -- Hexindai Inc.
(NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer
lending marketplace in China,
today announced its unaudited financial results for the second
quarter ended September 30, 2017.
Throughout the release, each ADS represents one ordinary share.
Fiscal year refers to the 12 months ended March 31.
Second Quarter of Fiscal Year 2018 Operational
Highlights
- Total loan volume
facilitated[1] was US$273.6 million (RMB1.8
billion) during the second quarter of fiscal year 2018, an
increase of 126.7% from the second quarter of fiscal year
2017.
- Gross billing amount (net of
VAT)[2] was US$24.1 million during the second quarter of
fiscal year 2018, an increase of 309.6% from the second quarter of
fiscal year 2017.
- Gross billing ratio (net of
VAT)[3] for credit loans was
9.0% during the second quarter
of fiscal year 2018, an increase from 7.3% during the second
quarter of fiscal year 2017.
- Number of borrowers[4] was
20,697during the second quarter of fiscal year 2018, an increase of
209.8% from the second quarter of fiscal year 2017.
- Number of investors[5] was 42,771
during the second quarter of fiscal year 2018, an increase of 89.5%
from the second quarter of fiscal year 2017.
Hexindai's platform had facilitated approximately US$1.8
billion (RMB11.5 billion) in loan
principal from its inception of business in March 2014 through September 30, 2017.
Second Quarter of Fiscal Year 2018 Financial
Highlights
- Net revenue was US$21.2
million during the second quarter of fiscal year 2018, an
increase of 311.5% from the second quarter of fiscal year
2017.
- Operating expenses were US$6.5
million during the second quarter of fiscal year 2018, an
increase of 120.3% from the second quarter of fiscal year
2017.
- Net income was US$12.7
million during the second quarter of fiscal year 2018, an
increase of 784.8% from the second quarter of fiscal year
2017.
[1] Loan
volume is defined as the total principal amount of loans
facilitated on our marketplace during the relevant
period.
|
[2] "Gross
billing amount" is defined as the aggregated loan facilitation fees
and loan management fees charged to borrowers before cash
incentives, net of value added tax. It differs from the revenue
recognized at the time of recognition. For an individual secured
loan transaction, the gross billing amount equals the gross
accumulative loan management service revenue recognized over the
term of the secured loan. For an individual credit loan
transaction, as the loan facilitation service fees are charged
upfront upon the release of funds to borrowers, the gross billing
amount equals the loan facilitation service revenue.
|
[3] "Gross
billing ratio" is defined as the gross billing amount divided by
loan volume facilitated, presented in percentage. It is an
operation metric we believe is a more accurate indicator of
profitability.
|
[4] Refers
to borrowers who recorded successful borrowing activity on our
online marketplace during the relevant period.
|
[5] Refers
to investors who made loan investments on our online marketplace
during the relevant period.
|
Six Months Ended September 30,
2017 Operational Data
Loan volume
- Total loan volume facilitated during the six months ended
September 30, 2017 was US$458.7 million (RMB3.1
billion), an increase of 90.1% from US$247.4 million (RMB1.6
billion) during the same period of last fiscal year.
Number of borrowers
- Number of borrowers was 35,433 during the six months ended
September 30, 2018, an increase of
203.5% from the same period of fiscal year 2017.
Number of investors
- Number of investors was 79,804 during the six months ended
September 30, 2018, an increase of
155.4% from the same period fiscal year 2017.
"We are pleased to report solid financial and operational growth
for the first time as a publicly listed company," commented Mr.
Xinming Zhou, Chief Executive
Officer of Hexindai. "Loan volumes continued to gain strong growth
momentum driven primarily by referrals from our offline partner
Hexin Group and their expansion across China as well as our cooperative agreements
with other third party acquisition channels. The percentage of loan
volume acquired through online channels increased to historic high
of 10% during the quarter, driven primarily by our innovative
mobile application which we continue to develop with new and
innovative tools. The number of investors also grew solidly due
primarily to our brand's increasing name recognition and
association for quality investments. We remain committed to further
strengthening our cooperative agreements with third party
acquisition channels and investing further in our online borrower
acquisition infrastructure. We
will continue to invest in our business and marketing activities as
we diligently work to improve our competitive advantage in
China's rapidly growing consumer
lending marketplace."
Second Quarter of Fiscal Year 2018 Unaudited Financial
Results
Net revenue
Net revenue during the second quarter of fiscal year 2018 was
US$21.2 million, an increase of
311.5% compared to
US$5.2 million during the same period
last fiscal year. The increase was primarily due to the significant
increase in the volume of credit loans facilitated through
Hexindai's marketplace and an increase in gross billing ratio (net
of VAT). Gross billing (net of VAT) was US$24.1 million during the second quarter of
fiscal year 2018, an increase of 309.6% compared to US$5.9 million during the same period of last
fiscal year. Gross billing ratio (net of VAT) for credit loans
during the second quarter of fiscal year 2018 increased to
9.0% from 7.3% during the same
period of last fiscal year. The increase was primarily driven by a
decrease in the annual average investment yield on Hexindai's
platform which the Company believes is a result of the high quality
assets on its platform.
Operating expenses
Total operating expenses during the second quarter of fiscal
year 2018 were US$6.5 million, an
increase of 120.3% from US$3.0
million in the same quarter of last fiscal year. The
significant increase was primarily due to increases in sales and
marketing expenses and service and development expenses.
- Sales and marketing expenses
Sales and marketing expenses during the second quarter of fiscal
year 2018 were US$3.7 million, an
increase of 343.8% from US$0.8
million during the same quarter of last fiscal year.The
increase was primarily due to a marketing campaign for new products
launched in July 2017 and a series of brand promotion
activities to enhance the Company's brand recognition and acquire
more customers.
- Service and development expenses
Service and development expenses during the second quarter of
fiscal year 2018 were US$1.9 million,
an increase of 30.4% from US$1.5
million during the same quarter of last fiscal year. The
increase was primarily attributable to an increase in employee
expenses, platform maintenance fees and custodian bank account
management fees which were in line with growth in the volume of
loans facilitated through the Company's platform.
- General and administrative expenses
General and administrative expenses during the second quarter of
fiscal year 2018 were US$0.9
million,an increase of 39.7% from US$0.7 million during the same period of last
fiscal year. The increase was primarily attributable to an increase
in employee expenses and professional service fees.
Net income
Net income during the second quarter of fiscal year 2018 was
US$12.7 million, an increase of 784.8% from
net income of US$1.4 million during
the same quarter of last fiscal year.
Weighted average number of shares outstanding
As of September 30, 2017, the
Company had 42,921,600 ordinary shares issued and outstanding. Upon
the completion of the Company's initial public offering on
November 3, 2017, the number of
ordinary shares was 47,958,550.
Six Months Ended September 30,
2017 Unaudited Financial Results
Net revenue
Net revenue during the six months ended September 30, 2017 was US$36.3
million, an increase of 300.8% from US$9.1 million during the same period of last
fiscal year. Gross billing (net of VAT) was US$40.4 million during the six months ended September 30, 2017, an increase of 275.0%
compared to US$11.0 million during
the same period of last fiscal year. Gross billing ratio (net of
VAT) for credit loans increased to 8.9% from 7.4% during the same
period of last fiscal year.
Operating expenses
Total operating expenses during the six months ended
September 30, 2017 was US$11.3 million, an increase of 111.8% from
US$5.4 million in six months ended
September 30, 2016.
- Sales and marketing expenses
Sales and marketing expense during the six months ended
September 30, 2017 were US$6.3 million, an increase of 237.7% from
US$1.9 million from the same period
of last fiscal year.
- Service and development expenses
Service and development expenses during the six months ended
September 30, 2017 were US$3.2 million, an increase of 35.9% from
US$2.4 million during the same period
of last fiscal year.
- General and administrative expenses
General and administrative expenses during the six months ended
September 30, 2017 were US$1.8 million, an increase of 64.9% from
US$1.1 million during the same period
of last fiscal year.
Net income
Net income during the six months ended September 30, 2017 was US$21.6 million, a 684.4% increase from net
income of US$2.7 million during the
same period of last fiscal year.
Cash and Cash Flow
As of September 30, 2017, the
Company had cash and cash equivalents of US$54.3 million. Net cash provided by
operating activities was US$25.6
million, compared to net cash provided by operating
activities of US$1.6 million in the
same period last year. The increase in operating cash flow was
mainly due to increased net income during six months ended
September 30, 2017.
Business Outlook
Based on the information available as of the date of this press
release, Hexindai provides the following outlook, which reflects
the Company's current and preliminary view and is subject to
change:
Three months ended December 31,
2017
- Total loans facilitated will be in the range of
US$310.0 to US$330.0 million.
- Net revenue will be in the range of US$26.0 to US$28.0
million.
Fiscal Year Ended March
31, 2018
- Total loans facilitated will be in the range of
US$1.0 to US$1.1 billion.
- Net revenue will be in the range of US$88.0 to US$92.0
million.
Recent Developments
Implement GBGDecTech's Instinct Anti-Fraud Solution
In July 2017, Hexindai entered
into an agreement with GBGDecTech, a leading provider of
anti-fraud, anti-money laundering, and decision management services
to organizations of all sizes in more than 40 countries, to
implement its Instinct Application Fraud Detection Solution
("Instinct"). Implementation of the anti-fraud solution enables the
Company to rapidly process and compare every application and assess
and grade each applicant with a fraud risk score leveraging the
Company's historical data, behavioral rules, data validation and
risk management system. Instinct will further strengthen Hexindai's
fraud detection systems and reduce the risk of syndicate, small
time, third party and internal application fraud, and first payment
defaults. The Company has launched the system from September 2017. Together with the implementation
of Fico Decision Engine previously, the company highly strengthened
its risk management system.
Partner with China UnionPay to launch "Quick Pass" on Our
App
In August 2017, Hexindai partnered
with China UnionPay to launch its "Quick Pass" app on Hexindai's
mobile platform. The app will allow investors on the Company's
platform to use surplus funds that have not been lent out to pay
for goods and services provided by stores partnered with China
UnionPay by scanning a QR code created by the app."Quick Pass" was
jointly developed by China UnionPay and various commercial banks to
provide consumers with a fast, convenient, and safe mobile payment
option using POS machines in various stores and realize mobile
payment function.
Conference Call
The Company will host a conference call to discuss the earnings
at 8:00 a.m. Eastern Time on Tuesday,
December 5, 2017 (9:00 p.m.
Beijing time on the same day).
Dial-in numbers for the live conference call are as follows:
International
|
+65
6713-5090
|
U.S. Toll
Free
|
+1
866-519-4004
|
Mainland
China
|
4006-208038
|
Hong Kong Toll
Free
|
8009-06601
|
Passcode:
|
HX
|
A telephone replay of the call will be available after the
conclusion of the conference call through 11:59 p.m. Hong Kong Time, December 12, 2017.
Dial-in numbers for the replay are as follows:
International
Dial-in
|
+61
2-8199-0299
|
U.S. Toll
Free
|
+1
646-254-3697
|
Passcode:
|
1796617
|
A live and archived webcast of the conference call will be
available on the Investor Relations section of Hexindai's website
at http://ir.hexindai.com/.
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a
fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the
increasing consumption demand of the emerging middle class in
China. Hexindai provides borrowers
with convenient and ready access to credit through its online
marketplace. The Company offers borrowers a wide range of products
designed based on customer segmentation data and tailored to the
specific needs of the emerging middle class in China. Hexindai offers investors various types
of investment products with appropriate risk levels and
risk-adjusted returns. With its strong O2O capability combining
online platform with extensive offline networks, and the advanced
risk management system, further safeguarded by the Company's
strategic cooperative relationships with a custodian bank and an
insurance company, it gains high customer satisfaction and
reliance, and realizes fast growth in China.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Any statements that are
not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: the Company's goals and strategies; its future business
development, financial condition and results of operations; the
expected growth of the credit industry, and marketplace lending in
particular, in China; the demand
for and market acceptance of its marketplace's products and
services; its ability to attract and retain borrowers and investors
on its marketplace; its relationships with its strategic
cooperation partners; competition in its industry; and relevant
government policies and regulations relating to the corporate
structure, business and industry. Further information regarding
these and other risks, uncertainties or factors is included in the
Company's filings with the SEC. All information provided in this
announcement is current as of the date of this announcement, and
the Company does not undertake any obligation to update such
information, except as required under applicable law.
For more information, please visit
ir.hexindai.com
For investor inquiries, please contact:
Hexindai
Wendy Xuan
Tel: +86 10 5370 9902 ext. 829
Email: ir@hexindai.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
HEXINDAI
INC.
INTERIM CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(UNAUDITED)
|
|
|
September
30,
|
|
|
March
31,
|
|
|
2017
|
|
|
2017
|
ASSETS
|
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
|
Cash
|
$
|
54,327,164
|
|
$
|
19,232,275
|
Prepayments and other assets
|
|
6,416,039
|
|
|
4,139,354
|
Amounts due from related parties
|
|
-
|
|
|
4,182,502
|
TOTAL CURRENT
ASSETS
|
|
60,743,203
|
|
|
27,554,131
|
Property, equipment and software at cost, net
|
|
512,577
|
|
|
427,938
|
Deferred tax assets
|
|
429,253
|
|
|
400,062
|
TOTAL ASSETS
|
$
|
61,685,033
|
|
$
|
28,382,131
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
|
Accrued expenses and other current liabilities
|
$
|
1,426,025
|
|
$
|
789,129
|
Taxes payable
|
|
9,639,611
|
|
|
4,088,646
|
TOTAL
CURRENT LIABILITIES
|
|
11,065,636
|
|
|
4,877,775
|
TOTAL
LIABILITIES
|
$
|
11,065,636
|
|
$
|
4,877,775
|
|
|
|
|
|
|
COMMITMENTS
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY:
|
|
|
|
|
|
Ordinary shares, $0.0001 par
value,
500,000,000 shares authorized, 42,921,600
shares issued and outstanding as of September
30, 2017 and March 31, 2017, respectively
|
|
4,292
|
|
|
4,292
|
Additional paid-in capital
|
|
13,285,717
|
|
|
13,285,717
|
Retained earnings
|
|
33,320,959
|
|
|
11,759,100
|
Accumulated other comprehensive loss
|
|
(498,353)
|
|
|
(1,544,753)
|
TOTAL
HEXINDAI'S SHAREHOLDERS' EQUITY
|
|
46,112,615
|
|
|
23,504,356
|
Non-controlling
interest
|
|
4,506,782
|
|
|
-
|
TOTAL
EQUITY
|
|
50,619,397
|
|
|
23,504,356
|
|
|
|
|
|
|
TOTAL LIABILITIES
AND EQUITY
|
$
|
61,685,033
|
|
$
|
28,382,131
|
HEXINDAI
INC.
|
INTERIM CONDENSED
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE
INCOME
|
(UNAUDITED)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For Three Months
Ended
September 30,
|
|
|
For Six Months
Ended
September 30,
|
|
|
|
2017
|
|
2016
|
|
|
2017
|
|
2016
|
NET
REVENUE
|
|
|
|
|
|
|
|
|
|
|
Loan facilitation,
post-origination and other service, net
|
|
$
|
21,374,343
|
|
5,167,601
|
|
$
|
36,504,933
|
|
9,090,021
|
Business and sales
related taxes
|
|
|
(155,441)
|
|
(11,571)
|
|
|
(173,110)
|
|
(26,001)
|
NET
REVENUE
|
|
|
21,218,902
|
|
5,156,030
|
|
|
36,331,823
|
|
9,064,020
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING
EXPENSES
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing
|
|
|
3,691,570
|
|
831,854
|
|
|
6,260,114
|
|
1,853,748
|
Service and development
|
|
|
1,901,117
|
|
1,458,284
|
|
|
3,236,102
|
|
2,381,367
|
General and administrative
|
|
|
949,803
|
|
679,706
|
|
|
1,844,550
|
|
1,118,349
|
Total operating expenses
|
|
|
6,542,490
|
|
2,969,844
|
|
|
11,340,766
|
|
5,353,464
|
INCOME FROM
OPERATIONS
|
|
|
14,676,412
|
|
2,186,186
|
|
|
24,991,057
|
|
3,710,556
|
OTHER INCOME
(EXPENSE)
|
|
|
|
|
|
|
|
|
|
|
Other
income
|
|
|
99,401
|
|
128,941
|
|
|
259,123
|
|
155,572
|
Other
expense
|
|
|
(1,775)
|
|
(15,291)
|
|
|
(5,634)
|
|
(15,577)
|
Total other income (expense), net
|
|
|
97,626
|
|
113,650
|
|
|
253,489
|
|
139,995
|
INCOME BEFORE
INCOME TAXES
|
|
|
14,774,038
|
|
2,299,836
|
|
|
25,244,546
|
|
3,850,551
|
PROVISION FOR
INCOME TAXES
|
|
|
2,108,997
|
|
868,380
|
|
|
3,684,941
|
|
1,102,012
|
NET
INCOME
|
|
|
12,665,041
|
|
1,431,456
|
|
|
21,559,605
|
|
2,748,539
|
Less: net loss
attributable to non-controlling interest
|
|
|
(2,254)
|
|
-
|
|
|
(2,254)
|
|
-
|
NET INCOME
ATTRIBUTABLE TO HEXINDAI
|
|
|
12,667,295
|
|
1,431,456
|
|
|
21,561,859
|
|
2,748,539
|
|
|
|
|
|
|
|
|
|
|
|
OTHER
COMPREHENSIVE INCOME (LOSS)
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment
|
|
|
614,635
|
|
(55,199)
|
|
|
1,048,231
|
|
(492,591)
|
COMPREHENSIVE
INCOME
|
|
|
13,279,676
|
|
1,376,257
|
|
|
22,607,836
|
|
2,255,948
|
Less: comprehensive
loss attributable to non-controlling
interest
|
|
|
(423)
|
|
-
|
|
|
(423)
|
|
-
|
COMPREHENSIVE
INCOME ATTRIBUTABLE TO
HEXINDAI
|
|
$
|
13,280,099
|
|
1,376,257
|
|
$
|
22,608,259
|
|
2,255,948
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted
earnings per common share*
|
|
$
|
0.30
|
|
0.03
|
|
$
|
0.50
|
|
0.07
|
Weighted average
number of shares outstanding*
|
|
|
42,921,600
|
|
42,080,000
|
|
|
42,921,600
|
|
42,080,000
|
|
|
* The shares and per
share data are presented on a retroactive basis to reflect the
nominal share issuance.
|
The following table
presents our summary operating data for threemonths andsix months
ended September 30, 2016 and 2017.
|
|
|
For Three Months
Ended September 30,
|
|
For Six Months
Ended September 30,
|
|
|
|
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
|
Growth
Rates(4)
|
|
(RMB)
|
(US$)
|
|
(RMB)
|
(US$)
|
|
(RMB)
|
(US$)
|
|
(RMB)
|
(US$)
|
|
Three Months
ended September
30, 2017 compared
to September 30,
2016
|
|
Six Months
ended
September 30,
2017 compared to
September 30,
2016
|
Loan volume
facilitated
|
(in thousands,
except percentages and
numbers)
|
|
(in thousands,
except percentages and
numbers)
|
|
|
Credit loan
principal
|
492,364
|
73,885
|
|
1,771,255
|
265,619
|
|
848,168
|
128,559
|
|
3,039,551
|
449,355
|
|
259.7%
|
|
258.4%
|
Secured loan
principal
|
312,346
|
46,871
|
|
53,320
|
7,996
|
|
784,274
|
118,875
|
|
63,220
|
9,346
|
|
-82.9%
|
|
-91.9%
|
Total
|
804,710
|
120,756
|
|
1,824,575
|
273,615
|
|
1,632,442
|
247,434
|
|
3,102,771
|
458,701
|
|
126.7%
|
|
90.1%
|
Number of
transactions
facilitated(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit loan
transactions
|
6,570
|
6,570
|
|
20,731
|
20,731
|
|
11,321
|
11,321
|
|
35,454
|
35,454
|
|
|
|
|
Secured loan
transactions
|
404
|
404
|
|
36
|
36
|
|
1,010
|
1,010
|
|
49
|
49
|
|
|
|
|
Total
|
6,974
|
6,974
|
|
20,767
|
20,767
|
|
12,331
|
12,331
|
|
35,503
|
35,503
|
|
|
|
|
Average individual
transaction amount
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit loan
transactions
|
75
|
11
|
|
85
|
13
|
|
75
|
11
|
|
86
|
13
|
|
|
|
|
Secured loan
transactions
|
773
|
116
|
|
1,481
|
222
|
|
777
|
118
|
|
1,290
|
191
|
|
|
|
|
Overall
average
|
115
|
17
|
|
88
|
13
|
|
132
|
20
|
|
87
|
13
|
|
|
|
|
Gross billing
amount (net of VAT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit
loan
|
36,122
|
5,421
|
|
159,067
|
23,854
|
|
62,848
|
9,522
|
|
271,865
|
40,191
|
|
340.4%
|
|
332.6%
|
Secured
loan
|
3,036
|
456
|
|
1,326
|
199
|
|
10,037
|
1,521
|
|
1,458
|
215
|
|
-56.3%
|
|
-85.5%
|
Total
|
39,158
|
5,877
|
|
160,393
|
24,053
|
|
72,885
|
11,043
|
|
273,323
|
40,406
|
|
309.6%
|
|
275.0%
|
Gross billing
ratio (net of VAT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit
loan
|
7.3%
|
7.3%
|
|
9.0%
|
9.0%
|
|
7.4%
|
7.4%
|
|
8.9%
|
8.9%
|
|
|
|
|
Secured
loan
|
1.0%
|
1.0%
|
|
2.5%
|
2.5%
|
|
1.3%
|
1.3%
|
|
2.3%
|
2.3%
|
|
|
|
|
Total
|
4.9%
|
4.9%
|
|
8.8%
|
8.8%
|
|
4.5%
|
4.5%
|
|
8.8%
|
8.8%
|
|
|
|
|
Number of
borrowers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit loan
transactions
|
6,570
|
6,570
|
|
20,675
|
20,675
|
|
11,321
|
11,321
|
|
35,398
|
35,398
|
|
|
|
|
Secured loan
transactions
|
110
|
110
|
|
22
|
22
|
|
353
|
353
|
|
35
|
35
|
|
|
|
|
Total
|
6,680
|
6,680
|
|
20,697
|
20,697
|
|
11,674
|
11,674
|
|
35,433
|
35,433
|
|
209.8%
|
|
203.5%
|
Number of
investors
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit loan
transactions (2)
|
1,640
|
1,640
|
|
28,000
|
28,000
|
|
2,227
|
2,227
|
|
52,900
|
52,900
|
|
|
|
|
Secured loan
transactions (3)
|
7,215
|
7,215
|
|
91
|
91
|
|
11,141
|
11,141
|
|
118
|
118
|
|
|
|
|
Credit and secured
loan transactions
|
13,715
|
13,715
|
|
14,680
|
14,680
|
|
17,882
|
17,882
|
|
26,786
|
26,786
|
|
|
|
|
Total
|
22,570
|
22,570
|
|
42,771
|
42,771
|
|
31,250
|
31,250
|
|
79,804
|
79,804
|
|
89.5%
|
|
155.4%
|
|
(1) Number
of loan transactions facilitated is defined as the total number of
loans facilitated on our marketplace during the relevant
period.
|
(2) Refers
to investors who exclusively invested in credit loan transactions
during the relevant period.
|
(3) Refers
to investors who exclusively invested in secured loan transactions
during the relevant period.
|
(4) Growth
rates are calculated by RMB, and exclude the impact from exchange
rate in different reporting period to reflect a real growth
rate.
|
View original
content:http://www.prnewswire.com/news-releases/hexindai-reports-second-quarter-of-fiscal-year-2018-financial-results-300566588.html
SOURCE Hexindai Inc.