Ling Tan's questions to Pintec Technology Holdings (PT) leadership • H1 2020
Question
Ling Tan from ICBCI asked for the outlook on revenue growth and profitability for the second half of 2020, noting the company's shift from historical profitability to a net loss of approximately RMB100 million.
Answer
CFO Steven Sim attributed the loss to the COVID-19 outbreak's impact on business activity, particularly in the travel sector, and a conscious strategic shift towards long-term SaaS-based technical services over lending. While not providing specific guidance, he stated the company has optimized its structure, cut costs, is well-positioned for recovery, maintains a healthy financial position, and is generating positive cash flow.