PPDAI Group made a net profit of CNY 661 mil in the second quarter of 2019, up 8.89% when compared to the same period of last year. This implies a return on equity of 39.7%.
Historically, the bank’s net profit reached an all time high of CNY 774 mil in 4Q2018 and an all time low of CNY -507 mil in 4Q2017. The average profit in the last six quarters amounted to CNY 639 mil.
The bank generated its shareholders an average return on equity of 66.7% in the last five years with maximum at 216% and minimum at -67.1%.
When compared to bank's main peers, Home Credit China generated a net profit of CNY 439 mil with ROE of 15.3% in 2Q2019, Qudian netted CNY 1,143 mil(ROE of 38.1%) and Lexin FinTech announced a net profit of CNY 628 mil implying ROE of 50.4%.
You can see all the bank’s data at PPDAI Group profile, or you can download a report on the bank in the report section.
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