Finvolution Group Stock Price, News & Analysis

FinVolution Group (FINV) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 29, 2022. The report includes the company's audited consolidated financial statements and is available for access online. FinVolution is a leading fintech platform in China, established in 2007, connecting underserved borrowers with financial institutions. As of December 31, 2021, it boasts over 140.3 million cumulative registered users, showcasing its significant market presence.

FinVolution Group (NYSE: FINV) has declared a cash dividend of US$0.205 per American Depositary Share, reflecting a payout ratio of approximately 15% of its net income for fiscal year 2021. This dividend, set to be distributed around May 6, 2022, marks the fourth consecutive year of dividend distribution. The board has committed to an annual cash dividend policy, ensuring a minimum of 10% of net income post-tax from the previous fiscal year. The company aims to return value to shareholders while maintaining operational momentum and growth.

FinVolution reported record transaction volume of RMB137.4 billion for 2021, marking a 111.1% increase year-over-year. The company anticipates 2022 transaction volume between RMB175 billion and RMB180 billion, representing a growth of 27.4% to 31.0%. In Q4 2021, net revenue rose by 32.1% to RMB2.4 billion, while net profit increased by 30.6% to RMB649.7 million. The number of new individual borrowers reached over 1 million for four consecutive quarters, showcasing robust growth. Despite increased expenses in sales and marketing, the balance sheet remains strong with cash and short-term investments of RMB5.6 billion.

FinVolution Group (NYSE: FINV), a leading fintech platform, will report its fourth quarter and fiscal year 2021 unaudited financial results on March 14, 2022, after U.S. markets close.

Management will host a conference call at 8:30 PM ET on the same day. Dial-in details are provided for various regions, including the U.S., Canada, and China. The call will be accessible via a live and archived webcast on the Company’s investor relations website.

FinVolution connects underserved borrowers with financial institutions, boasting over 135.6 million registered users as of September 30, 2021.

Lightspeed China Partners announced the closing of two record fundraising rounds: Lightspeed China Partners V and Select II, each with $460M. This marks the largest fundraising in LCP's history. The funds will invest in early-stage and emerging growth sectors in China, focusing on green tech, deep tech, enterprise tech, health tech, and consumer industries. The oversubscription reflects strong backing from institutional partners across the U.S., Europe, and Asia, demonstrating investor confidence in sustainable innovation.

FinVolution Group (FINV) reported strong third-quarter results for 2021, with total transaction volume reaching a record RMB38.1 billion, a 120.2% year-over-year increase. The company welcomed 1.18 million new borrowers, marking a growth of 190.2%. Net revenue rose to RMB2,525.1 million (US$391.9 million), up 40.8% from the previous year. Operating profit increased 5.9% to RMB729.9 million (US$113.3 million). The company also raised its full-year transaction volume outlook to between RMB130 billion and RMB135 billion, reflecting a robust demand environment and ongoing international expansion efforts.

FinVolution Group (NYSE: FINV), a prominent fintech platform in China, will release its third quarter 2021 financial results on November 18, 2021, prior to U.S. market opening. A conference call is scheduled for 7:00 AM U.S. Eastern Time on the same day. Participants are encouraged to dial in 5 minutes early. The company connects underserved borrowers with financial institutions and has over 130.8 million registered users as of June 30, 2021. Detailed earnings will be available on their investor relations website.

FinVolution Group (NYSE: FINV) announced an increase in its full-year 2021 transaction volume guidance to RMB130 billion to RMB135 billion, marking a year-on-year increase of 102.8% to 110.6%. This adjustment reflects the company's robust strategic execution and enhanced confidence in business momentum amidst changing market conditions. As of September 2021, 77% of loans facilitated were at 24% or less per annum. CEO Feng Zhang emphasized the firm's commitment to technology investment and improved customer experience while navigating the ongoing challenges presented by the Delta variant.