What are the consumer finance stocks?

The so-called consumer finance company refers to a non-bank financial institution established in China that does not accept deposits from the public and provides consumption-oriented loans to individual Chinese residents based on the principle of small amounts and decentralization. So, what are the consumer finance stocks?

Consumer finance stocks:

1. Haiyin Shares

In 2020, it achieved operating income of 1.302 billion yuan. Year-on-year growth -46.56%. The net profit attributable to the parent company was 31.88 million yuan. Year-on-year growth -77.13%; after deducting non-recurring gains and losses. The net profit attributable to the owners of the parent company was 15.81 million yuan, a year-on-year increase of -72.52%.

The company, together with the Postal Savings Bank of China and other banks, initiated the establishment of "China Post Consumer Finance Co., Ltd." And it has been approved by the China Banking Regulatory Commission as a promoter, and the company has subscribed capital of 35 million yuan. Accounting for 3.5% of the total registered capital of China Post Consumer Finance Co., Ltd. The company plans to form an O2O closed loop including a payment platform, financing platform, online scenarios, investment platform and credit information and risk control system. Strive to build an Internet financial platform in the fields of business and entertainment.

2. CYTS

In 2020, it achieved operating income of 7.151 billion yuan, a year-on-year increase of -49.12%. Net profit attributable to the parent company was -232 million yuan, a year-on-year increase of -140.85%. After deducting non-recurring gains and losses, the net profit attributable to the owners of the parent company was -395 million yuan. Year-on-year growth -191.44%.

Everbright Consumer Finance Co., Ltd. (financing) has a registered capital of 1 billion yuan. Among them, Everbright Bank invested 600 million yuan, accounting for 60%. The company invested 200 million yuan, accounting for 20%. Another sponsor invested 200 million yuan, accounting for 20%.

Stock selection skills for consumer finance stocks:

1. Only select stocks with an upward main trend and in an upward channel for operation. Never ignore a stock whose important trend is clearly in a downward channel and take risks; when buying, it is best to intervene as soon as the main upward trend is good. Intervene when the inflection point of the intermediate upward trend first appears, and sell as soon as the main upward trend is blocked and falls; for stocks that have been trading sideways for a long time, it is safer to intervene as soon as the trading volume starts to rise.

2. The market is the vane of individual stocks. You must pay attention to the appearance of the market when buying and selling. It is best to stop swing operations when the main market trend and sub-trend are downward. If there are stocks that can be bought in the medium to long term, the position should be lighter. When buying the entire market and the market falls into a downturn, this operation must be suspended. However, a few days after the market plummets, you can quickly find the right time to perform swing operations.

3. Only buy and hold stocks that have just started to hit the bottom, or just left the bottom area. And in principle, we will not participate in stocks whose stock prices have doubled in a short period of time. The market makers of individual stocks will only sharply rise and wash the market after fully raising funds, and will never participate in various uncertain initial adjustments.

Consumer finance mainly includes general-purpose personal consumption loans, personal durable consumer goods loans, credit asset transfer, inter-bank lending and issuance of financial bonds and other businesses. The former is issued through dealers, while the latter is issued directly to borrowers. The establishment of new financial institutions such as consumer finance companies is necessary to promote the transformation of China's economy from investment-led to consumption-led.