ENVA Latest Report

Performance Review

ENVA International's total operating revenue in 2024 was RMB729.551 million, up approximately 25.08% from RMB583.592 million in 2023. This growth indicates strong performance in terms of operating revenue, possibly reflecting increased market demand or an increase in the company's market share.

Key Financial Data

1. The Company's second-quarter 2024 operating revenue was US$628 million, up 25.8% YoY

2. The Company's cumulative net profit in the first half of 2024 grew 3.30% YoY to US$53.91 million

3. The Company's total operating revenue in the first half of 2024 was US$1.238 billion, up 26.01% YoY

4. Income from consumer loans grew 21.6% YoY, and income from small business loans grew 32.2%

5. Marketing expenses increased to US$52.36 million in 2024, up 31.6% YoY

Peer Comparison

1. Industry-wide analysis: When observing the industry as a whole, ENVA International's operating revenue growth stands out compared to its peers. According to industry data, overall consumer and small business loan market demand continues to rise, driving the industry's overall operating revenue growth, providing a favorable industry backdrop for ENVA International's performance.

2. Peer evaluation analysis: Compared to other companies in the industry, ENVA International's 25.08% YoY growth in total operating revenue is significantly higher than the industry average, demonstrating its competitiveness in the market and effective market strategies. In particular, its rapid growth in small business and consumer loan sectors has helped it gain market share.

Summary

ENVA International's operating revenue performance in 2024 is outstanding, with a growth rate higher than the industry average, mainly benefiting from increased market demand, product line expansion, and effective marketing strategies. Its strong growth in small business and consumer loan sectors indicates the effectiveness of its market strategies.

Opportunities

1. Continuously expanding product lines, especially in small business and consumer loan sectors, to meet the growing market demand

2. Leveraging increased marketing expenses to further enhance brand awareness and attract more customers

3. Seizing market opportunities in the backdrop of economic recovery and enhanced consumer confidence to drive sales growth

4. Strengthening cooperation with fintech companies to enhance online service capabilities and meet the needs of young consumers

Risks

1. Intensified competition may affect the Company's market share and profit margins

2. Economic fluctuations and interest rate hikes may negatively impact loan demand

3. Continued increases in marketing expenses may affect short-term profits and require attention to cost control effectiveness

4. Changes in government policies may affect the small business loan market and require vigilance and timely adjustments in strategies