Weixin Jinke (02003) announced its annual results for the year ended December 31, 2023. The group achieved total revenue during the period...
According to the Zhitong Finance App, Weixin Finance App (02003) announced the results for the year ended December 31, 2023. The group achieved total revenue of 3,569 million yuan (RMB, same below) during the period, an increase of 14.4%; annual profit attributable to the company's owners of 454 million yuan; basic profit per share of 0.93 yuan; and plans to pay a final dividend of HK10 cents per share.
According to the announcement, the Group continues to expand its network of high-quality customer acquisition channels. The Group has reached cooperation agreements with high-quality channels such as well-known content platforms, photo editing applications, internet logistics platforms, and lifestyle service information platforms, which help the Group strengthen accurate marketing and obtain better customers. In the second half of 2023, the Group entered into a partnership with a leading data company. By jointly establishing an accurate customer acquisition model, the Group has significantly enhanced its ability to obtain accurate customers in various scenarios. In 2023, the Group's cumulative number of registered users reached 144 million, an increase of 13.6% over 2022. For existing customers, the Group continues to improve the user experience and enhance brand awareness and user loyalty by introducing a user intent model. In 2023, refinancing customers accounted for 85.1% of the total loan volume.
In 2023, China's GDP growth rate gradually slowed after a brief rebound, and the consumer price index showed a downward trend throughout the year. After a rebound in consumer demand in 2022, overall demand in 2023 was weaker than expected. Despite this, the Group has achieved significant growth and profits through refined operations. In 2023, the Group's loan fulfillment volume reached a record high of 75.2 billion yuan, an increase of 44.2% over 2022.