Investor Presentaiton
Off-balance sheet loans (1)
Key account items related to service fees
1Q 2021
(RMB mm)
Loan facilitation
762
service fees
ā
For each loan facilitated on our platform, we receive a transaction fee
Loan facilitation service fees are the portion of transaction fees received
in relation to work we perform in connecting borrowers with investors and
facilitating the origination of loan transactions.
Such fees are recognized as revenue upon execution of loan agreement.
As % of Total Revenues
36%
Income
Post-facilitation
226
Statement
service fees
Post-facilitation service fees are the portion of transaction fees received
in relation to services we provide after loan origination, such as
repayment facilitation and loan collection.
11%
Provision for
accounts receivables
-40
Mar 31, 2021
(RMB mm)
Accounts
receivable
1,215
Balance
Sheet
Contract
liability
3
"
Such fees are deferred and amortized over the period of the loan.
Provision for doubtful accounts mainly consists of provision for past due
transaction fees that are potentially uncollectible.
Accounts receivable mainly consists of transaction fees for loan
facilitation and post-facilitation services.
Such transaction fees are collected in monthly installments.
As % of Total Assets
8%
Contract liability includes deferred post-facilitation service fees.
As % of Total Liabilities
(1) Mainly loans facilitated on our marketplace by institutional partners (banks, consumer finance companies, and other financial institutions).
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