Weidai is a holding company. Through its subsidiaries, Co. is engaged in the online finance marketplace business in the People's Republic of China. Co.'s platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. Co. provides auto-backed loan products, which refer to loans secured by an automobile registered in the borrower's name. Co. provides a number of other loans including professional credit loans, construction machinery loans that include loans for the purchase of construction machinery, and other loans such as consumption loans and auto-financing loans. The WEI stock yearly return is shown above.
The yearly return on the WEI stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2021 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the WEI annual return calculation with any dividends reinvested as applicable (on ex-dates).
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