| Accounts and other receivables and contract assets |
|
Accounts and other receivables and contract assets |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
Contract acquisition cost (c) |
|
|
1,518,642 |
|
|
|
1,158,907 |
|
Receivables from core retail credit and enablement service |
|
|
1,354,390 |
|
|
|
867,172 |
|
Receivables from external payment service providers (a) |
|
|
1,861,227 |
|
|
|
993,126 |
|
Trust statutory deposits (b) |
|
|
445,709 |
|
|
|
359,658 |
|
Other deposits |
|
|
296,825 |
|
|
|
248,121 |
|
Receivables from guarantee arrangements |
|
|
308,223 |
|
|
|
374,828 |
|
Receivables from other technology platform-based service |
|
|
71,005 |
|
|
|
40,725 |
|
Receivables from ADS income |
|
|
57,791 |
|
|
|
21,077 |
|
Receivables from referral arrangements |
|
|
6,005 |
|
|
|
2,063 |
|
Receivables from account management service |
|
|
170,645 |
|
|
|
48,438 |
|
Recovery receivables |
|
|
36,814 |
|
|
|
154,106 |
|
Others |
|
|
220,551 |
|
|
|
155,355 |
|
|
|
|
|
|
|
|
|
|
Less: Provision for impairment losses (d) |
|
|
(131,177 |
) |
|
|
(183,444 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
The Group maintains accounts with external online payment service providers to transfer deposits of platform investors, collect principal and interest from borrowers and dispatch loan proceeds to borrowers. The Group recorded the related amounts as receivables from external payment service providers. |
| (b) |
The balances represent cash deposited in China Trust Protection Fund Co., Ltd. as required by the trust regulations. |
| (c) |
As of December 31, 2024 and 2025, the remaining amount of consideration the Group expected to receive is higher than the carrying amount of contract acquisition cost. As such, no loss allowance was recorded against contract acquisition cost. |
| (d) |
The following table sets forth the movements in the provision for impairment losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the year ended December 31, |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
At the beginning of the year |
|
|
639,501 |
|
|
|
274,012 |
|
|
|
131,177 |
|
Impairment losses recognized in the consolidated statements of comprehensive income |
|
|
629,124 |
|
|
|
189,084 |
|
|
|
179,288 |
|
Written off during the year |
|
|
(1,090,364 |
) |
|
|
(367,190 |
) |
|
|
(246,312 |
) |
Recovery of receivables written off previously |
|
|
95,751 |
|
|
|
35,271 |
|
|
|
119,291 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At the end of the year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The loss allowance as of December 31, 2024 was determined against receivables from core retail credit and enablement service, other technology platform-based service and referral and guarantee arrangements, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Receivables from core retail credit and enablement service |
|
|
1,284,919 |
|
|
|
29,109 |
|
|
|
40,362 |
|
|
|
1,354,390 |
|
Receivables from other technology platform-based service |
|
|
71,005 |
|
|
|
— |
|
|
|
— |
|
|
|
71,005 |
|
Receivables from referral arrangements |
|
|
6,005 |
|
|
|
— |
|
|
|
— |
|
|
|
6,005 |
|
Receivables from guarantee arrangements |
|
|
269,277 |
|
|
|
18,862 |
|
|
|
20,084 |
|
|
|
308,223 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss allowance |
|
|
(30,251 |
) |
|
|
(41,455 |
) |
|
|
(59,471 |
) |
|
|
(131,177 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The loss allowance as of December 31, 2025 was determined against receivables from core retail credit and enablement service, other technology platform-based service and referral and guarantee arrangements, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Receivables from core retail credit and enablement service |
|
|
784,000 |
|
|
|
35,972 |
|
|
|
47,200 |
|
|
|
867,172 |
|
Receivables from other technology platform-based service |
|
|
40,725 |
|
|
|
— |
|
|
|
— |
|
|
|
40,725 |
|
Receivables from referral arrangements |
|
|
2,063 |
|
|
|
— |
|
|
|
— |
|
|
|
2,063 |
|
Receivables from guarantee arrangements |
|
|
276,301 |
|
|
|
46,666 |
|
|
|
51,861 |
|
|
|
374,828 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss allowance |
|
|
(20,838 |
) |
|
|
(68,290 |
) |
|
|
(94,316 |
) |
|
|
(183,444 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|