Guo Zishuo
Limited impact?
On June 26, the official website of the central bank released public information on the renewal of the "Payment Business License" for non-bank payment institutions (the fourth batch in June 2022).Of the 79 payment institutions participating in the renewal, 52 completed the renewal, 8 payment institutions suspended renewal, and 19 payment institution licenses were cancelled.
Among them, Jialian Payment Co., Ltd. (hereinafter referred to as "Jialian Payment") due to the circumstances stipulated in Article 24 of the "Administrative Licensing Implementation Measures of the People's Bank of China", the central bank will suspend the application for renewal of the company's "Payment Business License" review.On June 27, Jialian Payment responded to a reporter from the Times Weekly, saying that the specific reason is not clear, and it is currently waiting for a letter from the central bank, and the company's top management is actively communicating and negotiating.
Jialian Payment is a wholly-owned subsidiary of Xinguodu.Xin Guodu (300130.SZ) responded that at this stage, the company's business can be carried out normally and will not be affected.The company will closely communicate with the regulatory authorities about the matters involved in the suspension, and will immediately initiate a renewal after the suspension disappears.On June 27, Xinguodu closed at 12.79 yuan per share, down 14.68%.On June 28, as of the press release of the Times Weekly reporter, the Xinguodu was 12.71 yuan per share, down 0.63%.
Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, told the Times Weekly reporter that from previous experience, payment institutions can operate normally during the period of license suspension and renewal.In the short term, the suspension of renewal will have limited impact on the existing business of payment institutions.
Jialian Payment is a third-party payment institution with a nationwide bank card acquiring business license, established in 2009.Financial data show that in 2021, Xinguodu will achieve revenue of 3.612 billion yuan, a year-on-year increase of 37.21%; net profit of 201 million yuan, a year-on-year increase of 131.98%.Xin Guodu explained that the substantial increase in revenue was mainly due to the rapid growth of the acquiring business.
In the first quarter of 2022, Xinguodu achieved revenue of 1.016 billion yuan, a year-on-year increase of 44.06%.In this regard, Xinguodu explained in a quarterly report that the revenue growth was mainly due to the growth of Jialian's acquiring business.
According to the official website, Jialian Payment is in a stage of sustained and rapid development. Its acquiring business covers 337 cities across the country, covering millions of merchants, with an annual transaction volume of nearly 1.5 trillion yuan.According to the annual report data, in 2021, Jialian Payment will process about 1.97 trillion yuan in total transaction volume, a year-on-year increase of 61.48%.
(Editor in charge: Han Yijia)
