Welcome to our dedicated page for Finvolution Group news (Ticker: FINV), a resource for investors and traders seeking the latest updates and insights on Finvolution Group stock.
FinVolution Group (NYSE: FINV) is described in its public communications as a leading fintech platform with strong brand recognition in China, Indonesia and the Philippines, connecting young-generation borrowers with financial institutions. The company operates online consumer finance platforms and regularly reports detailed operating and financial metrics, making its news flow relevant for investors tracking fintech and online lending in these markets.
News about FinVolution frequently centers on its unaudited quarterly financial results. These releases cover total transaction volume, outstanding loan balances, cumulative registered users and borrowers, and the split between China’s Mainland and international markets. They also provide information on revenue composition, including loan facilitation service fees, post-facilitation service fees, guarantee income, net interest income and other revenue, along with credit performance indicators such as delinquency ratios and credit losses for quality assurance commitments.
Another recurring category of news involves capital markets activities and regulatory filings. FinVolution has announced offerings of convertible senior notes due 2030, including proposed terms, pricing and completion, and has discussed the intended use of proceeds for international business expansions, working capital and repurchases of American depositary shares under existing share repurchase programs. The company also issues notices about upcoming earnings releases and conference calls, providing dial-in details and replay information.
Investors and analysts following FINV news can use this page to review earnings announcements, updates on international expansion in Indonesia and the Philippines, disclosures about user and borrower growth, and capital structure developments such as convertible note offerings and share repurchases. Bookmarking this news feed allows users to monitor how FinVolution’s transaction volumes, revenue mix and international contribution evolve over time, based on information the company furnishes through press releases and Form 6-K filings.
FinVolution Group (NYSE: FINV), a leading fintech platform, will report its second quarter 2022 unaudited financial results on August 22, 2022, after U.S. market close. The management will hold an earnings call at 8:30 PM ET on the same day. Dial-in details for various regions have been provided. Established in 2007, FinVolution connects underserved borrowers with financial institutions and is recognized for its innovative technologies in credit risk assessment and fraud detection. As of March 31, 2022, the company had over 145.3 million cumulative registered users.
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FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced its membership in the United Nations Global Compact (UNGC) on June 22, 2022. This commitment underscores FinVolution's dedication to corporate responsibility across human rights, labor, environment, and anti-corruption. With over 145.3 million registered users as of March 31, 2022, the company aims to enhance its socially responsible business practices globally. The UNGC, launched in 2000, is the world's largest corporate sustainability initiative, promoting responsible business behavior among its 15,000+ signatories.
FinVolution Group (FINV) reported impressive financial results for Q1 2022, highlighted by a record total transaction volume of RMB39.7 billion, a 48.1% year-over-year increase. While net revenue rose 15.8% to RMB2,446.8 million, net profit fell 9.9% to RMB534.3 million compared to Q1 2021. The company maintained strong operational performance with 145.3 million cumulative registered users and growth in small business loans, which saw a 122.7% increase. Despite a positive outlook, the delinquency ratio rose to 1.64%.
FinVolution Group (NYSE: FINV) will report its Q1 2022 financial results on May 31, 2022, after U.S. market close. A conference call featuring management will take place at 8:30 PM ET on the same day. Investors can access a live webcast at https://ir.finvgroup.com. The company continues to connect underserved borrowers with financial institutions in China, having served over 140.3 million cumulative registered users by December 31, 2021. Details for participation and dial-in numbers for the call are provided.
FinVolution Group (NYSE: FINV) announced that it has been identified by the SEC as a Commission-Identified Issuer under the Holding Foreign Companies Accountable Act (HFCAA). This identification arose from the Company’s 2021 annual report, indicating that its auditor’s working papers cannot be fully inspected by the PCAOB. Companies identified for three consecutive years under this act face potential delisting from U.S. exchanges. FinVolution is actively seeking solutions while ensuring compliance with regulations in both China and the U.S.
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.