VCREDIT 2024 Annual Results: Steady Development Driven by Digital Intelligence

2025-03-26 Source：seanewswire

HONG KONG, 26 March 2025 - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, announced its annual results for the year ended 31 December 2024.

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VCREDIT 2024 Interim Results

2024-08-27 Source：Quamnet

In the first half of 2024, faced with a continuously sluggish macroeconomic condition and weakened consumption and credit demand, the Group promptly adjusted its operating strategies by tightening risk control to mitigate borrower credit risk and asset quality depreciation, while also implemented cost control measures to improve operational efficiency. Loan origination volume in the Period recorded RMB 27.02 billion.

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VCREDIT business has grown steadily through refined operations in FY2023

2024-03-27 Source：Business News Asia

During the year, the Chinese macro-economy and residents’ consumption capacity slowed with demand weakening for consumers. Nevertheless, the Group still achieved steady growth through refined operations. Total income was RMB3,569.5 million, with an adjusted net profit of RMB455.6 million. The Board has recommended the distribution of a final dividend of HK10 cents per share of the Company.

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VCREDIT New Registered Users Growth Against Trend, First Payment Delinquency Ratio Reached the Best Historical Record

2021-03-25 Source：ACN Newswire

VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer financial service provider in China, is pleased to announce its audited consolidated annual results for the 12 months ended 31 December 2020 (the "Year")

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VCREDIT Revenue in 2019 Increased by 41.2% Amidst Downturn, Successfully Transformed into a Pure Online Customer Finance Platform

2020-03-24 Source：Yahoo! Finance

VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its audited consolidated annual results for the 12 months ended 31 December 2019 ("the Year").

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Goldman raises VCredit (02003) to HK$10.6

2019-09-16 Source：ET Net News Agency

Goldman Sachs raised its target price for VCredit Holdings (02003) to HK$10.6 from HK$9.3 and maintained its "neutral" rating.

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Buy now, pay later: Tech startups are reviving point-of-sale lending

2018-08-04 Source：Economist

Young people dislike big banks. But they still want consumer credit.

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Internet lending is booming in China

2018-07-11 Source：NIKKEI

With the growth of online shopping in China, the number of consumers who make deferred and credit card payments is increasing sharply, especially among young people.

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Personal Loans Surge to a Record High

2018-07-08 Source：Bloomberg

Personal loans surged to a record this year and are the fastest-growing U.S. consumer-lending category, according to data from credit bureau TransUnion. Outstanding balances rose about 18 percent in the first quarter to $120 billion. Fintech companies originated 36 percent of total personal loans in 2017 compared with less than 1 percent in 2010, Chicago-based TransUnion said.

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VCREDIT Celebrates Public Listing on the Main Board By Donating To The Community Chest

2018-06-22

VCREDIT Holdings Limited was listed on the Main Board of the Stock Exchange of Hong Kong on 21 June 2018 (Thursday) using the auspicious stock code of "2003". The company has made a generous donation of HK$1,000,000 to The Community Chest of Hong Kong on the same occasion.

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