China Times (chinatimes. net.cn) reporter Liu Chen Xiting reports from Beijing
When MINISO launched its IPO, the outside world once again compared the rise of this 10-yuan store with Guangdong Fenlibao Financial Services Technology Co., Ltd. (hereinafter referred to as Liberty") is involved.
However, the manager Ke of MINISO Brand Center strongly denied the connection between the two. He stated that MINISO has no connection with online lending platforms such as Fenlibao in terms of equity structure or business connection, and has not resorted to any online lending platform to conduct so-called financing activities. "
Being questioned as "Blood Transfusion" of MINISO
Fenlibao was launched in September 2015 with a registered capital of 220 million yuan, mainly providing payment, investment and financial management And loan services. In July 2017, Fenlibao received a strategic investment of 30 million yuan from the Guangzhou Municipal Government Investment Fund Nanyue Fund. "State-owned assets background and bank depository" have become Fenlibao's selling points.
Operational data shows that as of June 30, 2019, the cumulative transaction volume of the Fenlibao platform was 5.893 billion yuan, which is close to the 6 billion yuan mark.
On the surface, the current six shareholders of Fenlibao have no connection with MINISO. However, when the reporter checked the business information, he found that Ye Guofu, the global co-founder and CEO of MINISO, was the company's earliest legal person and executive director. Even so far, the trademark "Fenlibao" still belongs to YeOwned by Guangdong Saiman Investment Co., Ltd. of Guofu Holdings.
In this regard, many people in the industry believe that Fenlibao is a P2P platform tailor-made for MINISO, and analyzes its mode of operation as follows: franchisees act as guarantors, After the successful borrowing, the trademark usage fee and deposit paid to MINISO will be returned to Fenlibao.
But in response to the doubts from the outside world, Manager Ke of MINISO Brand Center strongly denied it. He stated that MINISO has no connection with online lending platforms such as Fenlibao in terms of equity structure or business connection, and has not resorted to any online lending platform to conduct so-called financing activities. "
Currently, most of the projects on the Fenlibao platform are financing for corporate operations. However, when the reporter checked multiple projects, they found that many borrowers had basically the same information. For example, the project name "Corporate Business Finance“Investment 1906077” shows that the borrower has monthly income of 80,000-130,000; debt is about 300,000 yuan and plans to borrow 1 million yuan on the platform. The project name “Corporate Operation Financing 1906076” shows that the borrower has the same monthly income of 80,000 yuan. 130,000; debts are about 300,000 yuan, and I plan to borrow 1 million yuan on the platform.
Although the project name "Corporate Operation Financing 1907014" shows that the borrower has a monthly income of 80,000-110,000; liabilities are about 23 It is slightly different from the above two projects. But it is worth noting that the borrowers of these three projects without exception promised that the total balance of borrowing on this platform and other online lending platforms will not exceed 5 million yuan. There is no bad repayment record for borrowing from online lending platforms.
As for the high degree of agreement with the above information, the reporter sent an interview outline to Fenlibao, but did not receive any reply. However, some people have been famous. Chuangyoupin’s franchiseesAccording to the author, the monthly income of 80,000-130,000 is more in line with the monthly income generated by MINISO single stores for franchisees.
Operational data has slowed down significantly
The financial audit report in 2018 shows that Fenlibao achieved operating income of 15.0489 million yuan, a year-on-year increase of 22.82%; The profit was 1.3356 million yuan, turning losses into profits year-on-year. However, the reporter found when browsing its official website that many of Fenlibao's operating data have slowed down significantly.
Operational data shows that as of June 30, 2019, the total accumulated transaction volume on the Fenlibao platform was 5.893 billion yuan, reaching the 6 billion yuan mark. The total number of accumulative lenders is 189,900, and the accumulative borrowers are 132,400, earning 123 million yuan in income for investors. However, according to Fenlibao’s 2018 operation report, as of January 2018On February 31, the platform’s cumulative total transaction volume was 5.501 billion yuan, and the cumulative number of lenders was 189,700. In other words, less than 300 new lenders were added to the Fenlibao platform in half a year.
In addition, according to the operation report, in the past six months, the number of new registrations on the Fenlibao platform was only 2083, and the activity level was also significantly reduced.
Although Fenlibao is currently preparing for filing, the reporter found through relevant information that some of Fenlibao's loan information is not clear.
According to the disclosure, as of June 30, 2019, Fenlibao’s loan balance was 278 million yuan, and the top ten borrowers accounted for 3.6% of the outstanding amount. Based on this calculation, the top ten borrowers The average loan amount is close to 1 million yuan per person. However, in the “Special Audit Report of 2018”, Fenlibao claimed that after inspection of the company’s loan account as of March 31, 2019, noWhere the upper limit of the loan balance of natural persons exceeds 200,000 yuan, there is no case where the upper limit of the loan balance of legal persons or other organizations exceeds 1 million yuan.
"Usually special audit reports will disclose large-amount borrowers in detail for investors to identify. However, Fenlibao did not publicize this information, which does not rule out non-compliance ." An online loan analyst told reporters.
It is worth noting that Fenlibao has also regarded the "collection" company as its customer. According to the financial audit report, among the accounts receivable unit of Fenlibao, Guangzhou Renrenshou Network Technology Co., Ltd. owed it 902,800 yuan. From the perspective of equity penetration, the collection company is actually a company owned by Ye Guofu.
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