PPDAI Will Thrive Again [Seeking Alpha]
PPDAI GROUP INC (PPDF)
Last ppdai group inc earnings: 5/15 05:30 am
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ir.ppdai.com
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Source: Seeking Alpha
PPDai Group (NYSE: PPDF ) reported relatively strong third quarter 2018 earnings on November 20, 2018, considering the entire P2P-lending industry in China is shrinking under the tightened regulations this year. Although the loan volume originated in the third quarter decreased from the second quarter, the company has made overall progress in revenues and profits. In my opinion, this company has been holding up well in the changing market and has a very good outlook once the industry is back to order with enhanced regulations. PPDF operates efficiently to improve profitability Loan Volume million RMB 1Q 2Q 3Q 4Q 2017 10,543 16,504 20,954 17,567 2018 12,349 16,761 14,771 Source: PPDF Quarterly Earnings Release (in thousands, except for percentages) RMB 2018 1Q (*) 2017 1Q Change from prior year 2018 2Q (*) 2017 2Q
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