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Guarantee liabilities
12 Months Ended
Dec. 31, 2022
Guarantee liabilities  
Guarantee liabilities

12. Guarantee liabilities

The movement of guarantee liabilities during the years ended December 31, 2020, 2021 and 2022 are as follows:

RMB

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

As of

​

​

    

Provision at

    

​

​

​

    

​

    

As of

​

​

January 1,

​

Adoption of

​

the inception

​

​

​

Released on

​

Contingent

​

December 31,

​

    

2020

    

ASU 2016-13

    

of new loans

​

Net payout(1)

    

expiration

    

liability

    

2020

Xiaoying Credit Loan

 

9,886,957

​

168,385

 

—

 

9,192,069

​

(14,162,703)

 

55,034

 

5,139,742

Xiaoying Housing Loan

 

129,996

​

2,214

 

—

 

42,660

​

(174,870)

 

—

 

—

Internet Channel

 

7,458,350

​

127,023

 

—

 

(3,761,403)

​

—

 

825,914

 

4,649,884

Total

 

17,475,303

​

297,622

 

—

 

5,473,326

​

(14,337,573)

 

880,948

 

9,789,626

​

RMB

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Reversal of

​

​

​

​

As of

​

Provision at

​

​

​

​

​

provision for

​

As of

​

​

January 1,

​

the inception

​

​

​

Released on

​

contingent

​

December 31, 

​

    

2021

    

of new loans

    

Net payout(1)

    

expiration

    

liability

    

2021

Xiaoying Credit Loan

​

5,139,742

​

—

​

7,821,975

​

(12,961,717)

​

—

​

—

Internet Channel

​

4,649,884

​

—

​

(4,625,600)

​

—

​

(24,284)

​

—

Total

​

9,789,626

​

—

​

3,196,375

​

(12,961,717)

​

(24,284)

​

—

​

RMB

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Reversal of

​

​

​

​

As of

​

Provision at

​

​

​

​

​

provision for

​

As of

​

​

January 1,

​

the inception

​

​

​

Released on

​

contingent

​

December 31, 

​

    

2022

    

of new loans

    

Net payout(1)

​

expiration

    

liability

    

2022

Xiaoying Credit Loan

​

—

​

—

​

2,011,850

​

(2,011,850)

​

—

​

—

Internet Channel

​

—

​

—

​

14,000,000

​

—

​

(14,000,000)

​

—

Total

​

—

​

—

​

16,011,850

​

(2,011,850)

​

(14,000,000)

​

—

​

USD

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Reversal of

​

​

​

​

As of

​

Provision at

​

​

​

​

​

provision for

​

As of

​

​

January 1,

​

the inception

​

​

​

Released on

​

contingent

​

December 31, 

​

    

2022

    

of new loans

    

Net payout (1)

​

expiration

    

liability

    

2022

Xiaoying Credit Loan

​

—

​

—

​

291,691

​

(291,691)

​

—

​

—

Internet Channel

​

—

​

—

​

2,029,809

​

—

​

(2,029,809)

​

—

Total

​

—

​

—

​

2,321,500

​

(291,691)

​

(2,029,809)

​

—

(1)Net payouts represent the amount paid to investors upon borrowers’ default net of the amount subsequently collected from the borrower if they paid back the loan.

The maximum potential undiscounted future payment was nil and nil as of December 31, 2021 and 2022.