Finvolution Group Stock Price, News & Analysis

FinVolution Group (NYSE: FINV), a leading fintech platform, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the SEC on April 25, 2023. The comprehensive report is available on the SEC's website and FinVolution's investor relations page. Shareholders can request a free hard copy of the report, which includes audited consolidated financial statements. Established in 2007, FinVolution connects underserved borrowers with financial institutions, boasting over 159.4 million cumulative registered users by the year's end. The company leverages advanced technology for credit risk assessment, fraud detection, and user experience optimization, reinforcing its position in China's online consumer finance industry.

FinVolution Group (NYSE: FINV) announced a cash dividend of US$0.215 per American Depositary Share for fiscal year 2022, marking the fifth consecutive year of dividends. This payout represents 18.5% of the company's net income for the year. The dividend will be distributed around May 5, 2023 to shareholders on record as of April 13, 2023. Despite challenges in 2022, the company aims to return value to shareholders through dividends and share repurchases. The average dividend payout ratio from 2018 to 2021 stood at 15%, maintaining a commitment to at least 10% for future dividends.

FinVolution Group (NYSE: FINV) reported strong financial results for Q4 and FY 2022, with total transaction volume hitting a record RMB 175.4 billion, up 27.7% YoY. Net revenue increased 24.6% to RMB 3,050 million in Q4. The company projects 2023 domestic transaction volume of RMB 189.0 billion to RMB 205.0 billion, a growth of 10% to 20%, alongside international transaction volume expected to reach RMB 6.4 billion, growing approximately 50%. However, net profit for Q4 decreased by 14.4% to RMB 556.3 million. International business revenue contributed 12.9% to total revenue, rising by 121.9% YoY, demonstrating significant growth potential.

FinVolution Group (NYSE: FINV) has announced it will report its fourth quarter and fiscal year 2022 unaudited financial results on March 14, 2023, after the U.S. market closes. An earnings call will take place that same day at 8:30 PM ET. FinVolution, a leading fintech platform in China, connects underserved individual borrowers with financial institutions. Established in 2007, the company has over 154.3 million cumulative registered users as of September 30, 2022, and specializes in credit risk assessment and big data technologies.

FinVolution Group (NYSE: FINV) announced a strategic partnership between its Indonesian subsidiary, AdaKami, and PT Bank Permata Tbk. The agreement increases FinVolution's financing capability by 100 billion Rupiah and aims to innovate Indonesia's digital financial services, enhancing financial inclusion. CEO Feng Zhang highlighted a successful transition to higher-quality borrowers, with the proportion increasing from 54% in Q1 2022 to 68% in Q3 2022. The partnership further diversifies their funding base and targets growth opportunities in Southeast Asia.

FinVolution Group (NYSE: FINV) has been awarded a "low risk" ESG rating by Sustainalytics for the second consecutive year, positioning it within the top 15% of its industry peers. This rating reflects the company's effective management of environmental, social, and governance (ESG) risks, as it aims to promote sustainability and long-term stakeholder value. FinVolution, a leader in China's fintech sector, serves over 154.3 million registered users, emphasizing its commitment to responsible corporate governance and social responsibility in its operations.