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Consumer Capital Group Inc (CCGN) is a public company that is engaged in the investment and lending business in the consumer finance sector in China. The company primarily focuses on providing personal installment loans and credit limit loans to individual borrowers in China through its online platform.
As of my knowledge up to 2021, the company has not reported any positive net income and has incurred significant losses since its inception. However, the company has been experiencing growth in its loan origination volume and total loan assets. In 2020, the company's total loan origination volume reached RMB 2.6 billion (approximately US$404 million), representing an increase of 34.1% from the previous year. The total loan assets also grew to RMB 3.3 billion (approximately US$515 million) as of December 31, 2020, representing an increase of 26.3% from the previous year.
It is important to note that investing in public companies, especially those in the growth stage, carries significant risks. CCGN is no exception, and potential investors should carefully consider the company's financial condition, operating performance, and business prospects before making an investment decision. It is recommended to consult with a financial advisor or conduct thorough research on the company before investing.