INBK Latest Report

Performance of the Quarterly Report

First Internet (stock code: INBK) achieved an operating revenue of RMB394.87 million as of December 31, 2024, up 45.18% from RMB272.08 million in 2023. This significant growth indicates that the company's operating performance is good under the influence of increased market demand, optimized sales strategies, and industry growth.

Key Data in the Financial Report

1. The operating revenue increased by 45.18%, showing the company's competitiveness and adaptability in the market.

2. The cumulative revenue in the first three quarters of 2024 was US$95.23 million, up 29.01% year-on-year, indicating a significant increase in the number of customers and loan demand.

3. The net profit reached US$17.94 million, up 319.89% year-on-year, showing the company's remarkable achievements in cost control and operational efficiency.

4. The market competition in 2024 is complex, especially in the regional banks sector, facing challenges from fintech companies.

5. INBK's operating revenue growth rate of 45.18% outperforms other companies in the industry.

Peer Comparison

1. Industry-wide analysis: The operating revenue growth of the financial services industry is usually affected by the economic environment, interest rate changes, and market demand. The overall growth in 2024 may be driven by economic recovery, especially in the environment of rising interest rates, where financial institutions' interest income will increase.

2. Peer evaluation analysis: INBK's operating revenue growth rate of 45.18% outperforms other companies in the industry (e.g., some companies' growth rates are 26% and 18.61%), indicating that INBK has certain advantages in market competition.

Summary

This analysis shows that First Internet's operating revenue significantly increased in 2024 mainly due to the increase in market demand, optimized sales strategies, and the expansion of its customer base. In the competitive market, INBK's outstanding performance demonstrates its competitiveness in the industry.

Opportunities

1. Continue to expand the market share of personal and small business loans to further enhance operating revenue.

2. The launch of new products or services can help attract new customer groups.

3. Take advantage of market opportunities brought by industry recovery to enhance competitiveness with fintech companies.

4. Further enhance net profit margin through optimized operational efficiency.

Risks

1. Intensified market competition, especially pressure from fintech companies, may affect the company's market performance.

2. Slowing overall economic growth may lead to a decrease in consumer credit demand, affecting revenue growth.

3. Failure to effectively control costs may affect the company's profit level and operational efficiency.