FINV vs HTT
FinVolution Group and High Templar Tech Ltd., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | FINV | HTT |
|---|---|---|
| Revenue | CNY 13.6B | CNY 41.0M |
| Net income | CNY 2.5B | CNY 708.6M |
| Gross margin | · | 81.1% |
| Net margin | 18.8% | · |
| Return on equity | 16.0% | 6.2% |
| Diluted EPS | CNY 1.92 | · |
| Dividend / share | · | · |
| Payout ratio | 20.1% | · |
| Free cash flow | CNY 1.8B | CNY 570.4M |
| Equity | CNY 16.6B | CNY 11.6B |
| Net debt / equity | −0.24× | −0.34× |
| Current ratio | · | 5.75× |
| Revenue CAGR 5y | 12.4% | −59.3% |
| Profit CAGR 5y | 5.2% | −5.9% |
FINV bills 331.3× the revenue of HTT.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | FINV | HTT |
|---|---|---|
| FY2025 | CNY 13.6B | CNY 41.0M |
| FY2024 | CNY 13.1B | CNY 216.4M |
| FY2023 | CNY 12.5B | CNY 126.3M |
| FY2022 | CNY 11.1B | CNY 577.5M |
| FY2021 | CNY 9.5B | CNY 1.7B |
| FY2020 | CNY 7.6B | CNY 3.7B |
| FY2019 | CNY 6.0B | CNY 8.8B |
| FY2018 | CNY 4.5B | CNY 7.7B |
| FY2017 | CNY 3.9B | CNY 4.8B |
| FY2016 | CNY 1.2B | CNY 1.4B |
Bottom line
| Fiscal year | FINV | HTT |
|---|---|---|
| FY2025 | CNY 2.5B | CNY 708.6M |
| FY2024 | CNY 2.4B | CNY 91.7M |
| FY2023 | CNY 2.3B | CNY 39.1M |
| FY2022 | CNY 2.3B | CNY -362.0M |
| FY2021 | CNY 2.5B | CNY 589.1M |
| FY2020 | CNY 2.0B | CNY 958.8M |
| FY2019 | CNY 2.4B | CNY 3.3B |
| FY2018 | CNY 2.5B | CNY 2.5B |
| FY2017 | CNY 1.1B | CNY 2.2B |
| FY2016 | CNY 501.5M | CNY 576.7M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 13,528,519,374 | FINV |
| FY2024 | +CNY 12,849,395,626 | FINV |
| FY2023 | +CNY 12,421,106,647 | FINV |
| FY2022 | +CNY 10,556,709,636 | FINV |
| FY2021 | +CNY 7,816,085,460 | FINV |
| FY2020 | +CNY 3,875,113,113 | FINV |
| FY2019 | −CNY 2,877,286,542 | HTT |
| FY2018 | −CNY 3,148,669,304 | HTT |
| FY2017 | −CNY 848,143,052 | HTT |
| FY2016 | −CNY 227,088,339 | HTT |
| FY2015 | −CNY 39,318,431 | HTT |
The higher-revenue side has changed between FINV and HTT over this period. The gap has widened since the earliest year compared.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −24.1 pp | HTT |
| FY2023 | −12.0 pp | HTT |
| FY2022 | +83.2 pp | FINV |
| FY2021 | −9.1 pp | HTT |
| FY2020 | +0.0 pp | FINV |
| FY2019 | +2.9 pp | FINV |
| FY2018 | +22.0 pp | FINV |
| FY2017 | −17.8 pp | HTT |
| FY2016 | +1.3 pp | FINV |
| FY2015 | +62.4 pp | FINV |
The higher net margin has changed hands between FINV and HTT over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HTT's net margin has been more volatile than FINV's over the 10 comparable fiscal years — 47.9 percentage points of standard deviation against 22.9.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FINV and HTT over these 10 fiscal years — FINV led in 6 and HTT in 4.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FINV's return on equity has been more volatile than HTT's over the 8 comparable fiscal years — 11.3 percentage points of standard deviation against 10.8.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
FINV led in return on equity in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.