After the news of Ruixiang's listing came out, a large number of beneficiary companies appeared in A-shares and Hong Kong stocks, and their stock prices rose. They also received a new title - "Ruixiang Concept Stock".
Ruixiang concept stocks are divided into four categories. One category is listed companies that directly participate in Ruixiang's equity financing, that is, Ruixiang's shareholders.
Such as the four major banks, PICC, China Pacific Insurance, Taiping Insurance, New China Insurance, etc.
The second category is listed companies that cooperate with Ruixiang Group in equity investment.
For example, Xinwang Group, DaMi Group, and Black Flag Chain formed Xingwang Bank with Ruixiang, Yinzhijie formed Yian Insurance with Ruixiang, and Chengdu Bank jointly held shares of Jincheng Consumer Finance with Ruixiang.
The third category is listed companies in which Ruixiang has a stake, such as Gome, Transsion, etc., which are waiting in line for listing on the Science and Technology Innovation Board.
The fourth category is the companies that cooperate with Ruixiang, and it is also the category with the lowest gold content and the largest number.
Including core advertising agencies Huayang Lianzhong, BlueFocus, Provincial Broadcasting Group, Gravity Media, Global Printing, Xuanya International, etc.
Feike, Anji E-commerce, which sells goods on Pinduoduo, Jihong Shares, Caixun Shares, etc., which have business cooperation with Pinduoduo.
As well as Jingcheng Culture, Zhangqu Technology, etc., which have cooperated with Ruixiang on digital content business.
There are also Ruixiang’s partners in the fields of financial technology and enterprise services, such as Yuxin Technology, Kelan Software, Changliang Technology, etc.
Basically, all listed companies that have something to do with Ruixiang's business have come out to increase their presence, and it is clear that they want to ride on this wave of popularity.
This can be regarded as a person attaining enlightenment, a chicken or a dog ascending to heaven.
This left Zhang Yida speechless. The big A-share companies were so uncool.
In his opinion, the cooperation between several companies and Ruixiang is so small that it can be ignored, and they actually achieved several daily limit prices.
But as long as he doesn't exaggerate and disclose cooperation information, he doesn't bother to care about these listed companies.
…
Rongcheng.
Although the company is about to go public, normal business must still be carried out in an orderly manner.
Zhang Yida and Hong Haibo, president of the financial technology business group, came to Chengdu to resolve the equity issue of Jincheng Consumer Finance Company.
Glancing at the senior executives of Chengdu Bank sitting on the opposite side of the conference room, Hong Haibo said calmly, "The three-year period has passed. Is it time for the agreement between Chengdu Bank and us to be fulfilled?"
"What agreement?"
Zhang Peng, the new chairman of Jincheng Consumer Finance, was confused. He only succeeded Wang Fei and became the new chairman of Jincheng Consumer Finance last year.
The original chairman Wang Fei was promoted from the position of chairman of Jincheng Consumer Finance and president of Chengdu Bank to chairman of Chengdu Bank.
Li Jie, the original chairman of Chengdu Bank, resigned last year and no longer holds any position in Chengdu Bank.
Hong Haibo turned his head and glanced at Zhang Yida, who was there, and the latter nodded to him.
So Hong Haibo explained the agreement he had made with Li Jie, chairman of Chengdu Bank, three years ago.
"Three years ago, Jincheng Consumer Finance's total annual loans were 1.5396 billion, and its net profit was 74.5 million.
With the help of Ruixiang's world-leading financial technology technology and traffic, Jincheng Consumer Finance has loaned a total of 37 billion yuan in the first half of this year, and daily loans have exceeded 200 million yuan in a single day.
This data is second only to China Merchants Union Consumer Finance, which has a daily loan amount of 600 million, and Immediate Consumer Finance, which has a daily loan amount of 375 million, and is higher than Xingye Consumer Finance, which has a daily loan amount of 120 million, ranking third in the industry.
In the first half of this year, Jincheng Consumer Finance created a net profit of 420 million yuan, lower than the 710 million yuan of China Merchants Union and 442 million yuan of Xingye, but higher than the 301 million yuan of Ma Ma, and also ranked third in the industry.
Among the 24 licensed consumer finance companies that have officially opened, we can rank among the top three in the industry in terms of loan amount, revenue and net profit.
Three years ago, Jincheng Consumer Finance could only rank in the middle of the pack, ranking around 10th among less than 20 companies that had started operations."
Hong Haibo smiled and said, "Do you know why there are such big changes?
Also, the loan amount of Immediate Consumer Finance is almost twice that of ours, but the net profit is only 70% of ours.
The reason is very simple. Jincheng Consumer Finance has received unreserved support from Ruixiang.
Mung Bean Credit Score is fully integrated into several Jincheng Consumer Finance products, and top financial technologies such as Ruixiang Super Brain and AI risk control engine are also shared with Jincheng Consumer Finance.
Our bad debt rate is the lowest in the industry;
Traffic has connected Jincheng Consumer Finance’s loan products to Toutonghui, DouShi, and Kuaishou, which can be said to be the best resources in the industry;
Oh, by the way, there are also employees. Three years ago, Ruixiang transferred all the elites here to help Jincheng Consumer Finance complete the upgrade from offline to online business.
In the past, Jincheng Consumer Finance was trapped in a corner of Sichuan and Sichuan, but now it is a well-known leading consumer finance company in the country.
According to the gentleman's agreement Ruixiang made with Li Jie and Wang Fei, as long as we increase the loan amount and net profit by six times within three years, the management rights will continue to be granted to us."
Zhang Peng nodded, he understood what Hong Haibo said.
Rongcheng Bank may not be considered a bank, but it is just a city commercial bank. Its strength in various aspects such as deposit collection and technology cannot be compared with the four major banks and joint-stock banks.
Without Ruixiang's participation, Jincheng Consumer Finance would definitely not be as successful as it is now, and it would actually have stepped on the heels of several stock banks.
Zhang Peng glanced at Zhang Yida, who was smiling and saying nothing, and said with a faint smile: "No problem, I will just take the position of chairman.
Isn’t it Rui Xiang who has always been responsible for taking care of this Jincheng Consumer Finance matter? Just continue to fulfill the previous agreement!"
Hong Haibo chuckled. If it was just a matter of company management rights, they wouldn't go to such trouble. Zhang Yida even went to Chengdu in person.
Ruixiang only holds 35% of the shares of Jincheng Consumer Finance and is the second largest shareholder, but does no less work than the major shareholder.
And Chengdu Bank, the major shareholder, has been sitting back counting money.
It’s been three years, so it’s time to readjust the shareholding structure, right?
But this adjustment is definitely difficult. Who is willing to give up the fat in his mouth?
Sure enough, when Hong Haibo proposed to increase his shareholding to 51%, Zhang Peng suddenly changed his color and said, "Mr. Hong, isn't this a bit against the rules?"
Hong Haibo smiled and said, "Why is it against the rules? Those who can work hard will get more. Is there any problem?"
Looking at Hong Haibo, who was smiling but not smiling, Zhang Peng felt a little angry, but he suppressed it.
Because Jincheng Consumer Finance relies too much on Ruixiang, no matter what, we must try to avoid the step where both parties fall out.
"Mr. Hong, you hold 35% of the shares, and we only hold one point more than Ruixiang."
Zhang Peng began to complain, saying how poor the performance of Chengdu Bank was and how weak its stock price was. He also talked about how hard it was for Chengdu Bank to apply for this consumer finance license.
Anyway, there was no head-on confrontation with Rui Xiang, nor any verbal conflict with Hong Haibo.
The slippery Zhang Peng made Hong Haibo frown. The other party kept avoiding the important points and refused to answer questions directly.
He looked at Zhang Yida, and it turned out that the other party was also looking at him.
He knew that it was not a good idea to trouble Mr. Zhang with such a trivial matter.
So we simply made it clear, “If Ruixiang does not control Jincheng Consumer Finance, we will strategically abandon this company.
Yimin Consumer Finance is actually quite good, although it is still under preparation.
As soon as the preparations are completed, the business and consumer finance scenarios of Yimin Wangjin, Yimindai, Ruixin Group, and Yimin Wealth will be integrated into the new company, and its rise will be rapid."