文｜达摩财经

12yue20ri，tianjinyinxing（1578.hk）fabugonggaocheng，gaixingjiangyuguangzhoujingdongmaoyiyouxiangongsi、wangyinzaixian（beijing）shangwufuwuyouxiangongsidengduojiaqiyecanyujiexinxiaofeijinrongyouxiangongsizhongzu。

genjuzhongzuanpai，bencitongguoxianjianzi、houyinjinzhanlvetouzizhezengzidefangshishixianzhongzu，jiexinxiaojindezhucezibenjiangcong70yiyuandiaozhengzhi50yiyuan。

qizhong，guangzhoujingdongmaoyiyouxiangongsi、wangyinzaixian（beijing）shangwufuwuyouxiangongsijunweijingdongjituanqixiaqiye，shijikongzhirenweiliuqiangdong。liangjiagongsihejichuzi32.5yiyuan，zhongzuwanchenghou，liangjiagongsihejijiangchiyoujiexinxiaojin65%guquan。

tianjinyinxingzechuzi5yiyuan，zaiguquanzhongzuhoudegongsizhongchuzibiliwei10%。jiexinxiaojincengjingweiyidegudonghome credit n.v（jiexinjituan）dechigubilijiangyasuozhi2%。

zheiyeyiweizhe，daijianguanshenpizhongzuwanchenghou，jingdongjituanjiangzhengshijieshoujiexinxiaojin，bingshouhuoyizhangbixiaodaigengjuhanjinliangdejinrongpaizhao。

捷信消金去年亏损32亿

jiexinxiaojinyu2010nianzaitianjinzhucechengli，shiyuanyinjianhuipizhunshelideshoupisijiashidianxiaofeijinronggongsizhiyi，yeshizhongguoshoujiawaishangduzidexiaofeijinronggongsi。

zaizuichudejinianli，jiexinxiaojinpingjieqiguangfandexianxiawangluoheqiangdadexiaofeixindaichanpinnenglixunsujueqi，zaixiaofeijinrongshichangzhongzhanjulezhongyaodeweizhi。2019nian，jiexinxiaojinzichanguimodadaole1045yiyuan，chengweiyeneishoujiazichanguimopoqianyidexiaojingongsi。tongnian，jiexinjituanzaigangjiaosuodijiaoleshangshishenqing，danweihuotongguo。

2020nian，jiexinxiaojindejingyingqingkuangchuxianleduanyashixiahua。genjunianbaoshuju，jiezhi2020nianmo，jiexinxiaojindezongzichanxiajiangzhi652.07yiyuan，tongbixiajiang37.62%。dangnianshixianyingyeshouru112.32yiyuan，tongbixiahua35.2%，jinglirunsuoshuizhijin1.36yiyuan，tongbixiajiang88.1%。jiexinfangmianbiaoshi，lirunxiajiangzhuyaoshiyiqingyingxiangxiaxindaixuqiuxianzhuxiahua，xindaiyewuguimomingxianshousuo。cihou，jiexinxiaojinweizaipilunianbao。

jiexinxiaojinzichengliyilaiyizhitousubuduan，zaozai2013nian，jiexinxiaofeijinrongbianbeiyangshipuguang，cengxiangdaxueshengfafangnianfeilvchaoguo50%dedaikuan，bingshexianbaolicuishou。zaiheimaotousupingtaishang，guanyujiexinxiaojindetousuliangchaoguo85000tiao，qizhongdaduotousudouzhixianggongsigaolixi、baolicuishoudeng。

cong2021niankaishi，jiexinxiaojinjihuzantinglesuoyouxinzengyewu，bingzhuanzhuyubuliangzichandechuzhi，dangnianjiexinxiaojinjiuchushoulejiazhi108yiyuandezichanbao。2023nian，jiexinxiaojinzaicishourangleyigebenxiheji170yidegedaibuliangzichanbao。jinnianshangbannian，jiexinxiaojingengshiyi0.75zhedejiageshuaimaileguimodadao264yiyuandegedaibuliangzichanbao。

zaizhaiwuzhongyazhixia，jiexinxiaojinbudebutongguoguquanzhiyadefangshilaihuoqurongzi。jiexinxiaojindemugongsijiexinjituanjiangqichiyoudejiexinxiaojinquanbuguquanzhiyajiletianjinyinxinghezhongguowaimaoxintuo。zaibencizhongzuhou，zhongguowaimaoxintuojiangchiyoujiexinxiaojin12%guquan。

zhongguowaimaoxintuoshizhongguozhonghuachengyuanqiye，chengliyu1987nian，zhuyaocongshizijinxintuo、dongchanxintuo、budongchanxintuo、youjiazhengquanxintuodengyewu。zhongguowaimaoxintuoyujiexinzhijianhezuoyoulaiyijiu，2008nian，zhongguowaimaoxintuocengyujiexinjituankaizhanleguoneidiyidanxiaofeijinrongxintuoxiangmu，youjiexinjituanzuoweiweituorenchuzishelidanyixintuo，waimaoxintuozuoweishoutuorenxianggerenfafangdaikuan。jiexinxiaojinchenglihou，zhongguowaimaoxintuocengduociweiqitigongzijinbangzhu。

jiexinxiaojinbencizhongzuyoutianjinshizhengfuzhudaotuidong，jinjinianyizhizaixianglingshouyewuzhuanxingdetianjinyinxingyecanyuqizhong。tianjinyinxingbiaoshi，touzijiexinxiaojinyouliyutianjinyinxingtuozhanpuhuijinrongkequn、zengqiangpuhuijinrongfazhannengli，zaixinfazhangejuzhongyuqitatouzizhexianghucujin、xietongfazhan，tuijinzhuanyehuashichanghuayunying、chuangxinjinrongchanpinyijitishengyinglinenglideng。

lingshouyewumuqianzaitianjinyinxingzhanbibusuangao，jiezhijinnian6yuemo，tianjinyinxingdaikuanzonge4294yiyuan，lingshoudaikuan974.8yiyuan，zhanbiyue22.7%。qizhong，gerenxiaofeidaikuanzonge411.8yiyuan。

tianjinyinxinggonggaoxianshi，2023nian，jiexinxiaojinshuihoukuisungaoda31.99yiyuan。jiezhi2023nianmo，jiexinxiaojindejingshenjisuoyouzhequanyijinwei8.029yiyuan。

京东重要落子

zuoweizhongguodianshangjutou，jingdongzaijinrongkejilingyuchixutuozhan，qiyewubantufugailexiaofeijinrong、gongyinglianjinrong、zhifujiesuanhebaoxiandengduogejinrongfuwulingyu。hulianwanggongsibujuxiaofeijinrongyewuchuqi，jingdongtongmayi、tengxundengjutoumendoutongguoxiaodaipaizhaokaizhanxiaofeixindaiyewu。

dansuizhejianguanzhengceduibuduanshoujin，xiaodaipaizhaodeyueshuyuelaiyueda，weilejinrongyewudeshunlifazhan，hulianwanggongsikaishifenfenbujuxiaofeijinrongpaizhaohuominyingyinxingpaizhao。zi2019nianqi，mayi、pingan、xiaomidengcanyufaqishelidexiaofeijinronggongsixiangjihuopichengli。

jingdongzaijinronglingyudediaozhengzhong，yijingzhuxiaohetuichuleqizaibeijing、shanghaiyijizhongqingdesanjiaxiaoedaikuangongsi，muqianjinbaoliulezhongqingjingdongshengjixiaoedaikuanyouxiangongsizheiyiwangluoxiaodaipaizhao，zuoweiqixiaofeijinrongyewudehexinpingtai。2020nianqi，jingdongduijingdongshengjixiaodaijinxinglemijizengzi，yiqianghuaqizaixiaofeijinronglingyudejingzhengliheheguixing。

shouwoxiaodaipaizhaodejingdongxianranzaizheilunjinrongyewutuozhanzhongyichuxiayou，2020nian，jingdongyuzhaoshangyinxinggongtongchoujianzhaoshangtuopuyinxing，dangaichoujianzai2022nianxuangaozhongzhi。jinguanjingdongshengjixiaodaiyizengzidao80yi，danxiaodaipaizhaorengnanmanzujingdongyewufazhandexuyao，duijiexinxiaojinzhongzuwuyijiejuelejingdongderanmeizhiji。

jingdongshengjixiaodaimuqianshijingdongxiaofeijinrongyewudezhuyaofangkuanzhuti，jianfuzheweijingdongbaitiaohejingdongjintiaodengzhuyaoxiaofeidaikuanchanpintigongfangkuanzijinzhichidezhongren。shujuxianshi，jingdongshengjixiaodaijinnianshangbannianyingyeshouruwei8.45yiyuan，kuisun8517.22wanyuan。

xiaofeijinrongpaizhaoxiangjiaoyuxiaodaipaizhao，zaiduogefangmianzhanxianchuqidutedeyoushi。xiaofeijinrongpaizhaodeyewufanweigengjiaguangfan，bujinbaokuogerenxiaofeidaikuan，haihangailexindaizichanzhuanrang、faxingjinrongzhaiquan、dailibaoxianhezixunyewudeng。qiexiaofeijinrongpaizhaodefuwuduixianggengweiguangfan，bujinbaokuogerenhegetigongshanghu，hainengweiqiyetigongdaikuanfuwu，shenzhikeyiweitongxingyejinrongjigoutigongzijinzhichi。

zijinlaiyuanfangmian，xiaofeijinrongpaizhaodegongsichulekeyitongguogudongtigongzijinwai，hainengtongguotongyechaijiedengduozhongqudaohuodezijin，erxiaodaipaizhaodezijinlaiyuanzexiangduidanyi。ciwaizaigangganlvfangmian，xiaofeijinronggongsidegangganbeishuzuigaokeyidadao10bei，erxiaodaigongsizuigaozhiyunxu4bei，zheiweixiaofeijinronggongsitigonglegengdadeyewulinghuoxinghezibenxiaolv。

jingdongtongguoqiqixialiangjiashilixionghoudezigongsiqiangshirugujiexinxiaofeijinrong，chenggonghuodexiaofeijinrongpaizhao，zheibuqiduiyujingdongeryan，wuyishizhanlvebujuzhongdeguanjianyibu。mayi、tengxun、xiaomi、meituandengmuqianyishouwominyingyinxingpaizhao，jingdongzaijinrongyewudebujushang，yushangshuhulianwanggongsirengyouchaju。