Finvolution Group Stock Price, News & Analysis

FinVolution Group (NYSE: FINV) announced the successful issuance of RMB200 million in asset-backed securities (ABS) on September 29, 2021. These securities will be backed by consumer loans and will be traded on the Shenzhen Stock Exchange. The company reported a significant milestone with a 90-day-plus delinquency ratio of just 1.01% as of June 30, 2021, reflecting improved borrower quality. CEO Feng Zhang emphasized the importance of this issuance for attracting high-quality funding and borrowers, supported by advanced technologies and credit risk management.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced its inclusion in the FTSE Global Equity Index Series, effective after the close of business on September 17, 2021. CEO Feng Zhang highlighted this milestone as a significant enhancement of the company’s investment appeal and visibility to global investors, reflecting FinVolution's growth and leadership in the FinTech sector. The inclusion is expected to attract more international investors, diversifying the company’s investor base.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced strategic cooperation agreements with Yillion Bank and Ocean Engine on September 9, 2021. This partnership aims to enhance growth opportunities for traditional financial institutions across marketing, operations, and credit risk management. The collaboration is expected to leverage joint strengths for digital transformation in financial services. As of June 30, 2021, FinVolution boasts over 130.8 million cumulative registered users, underlining its market presence and innovative technology in consumer finance.

FinVolution Group (NYSE: FINV) reported strong Q2 2021 results, achieving a net revenue of RMB2,384.1 million (US$369.3 million), a 31.7% increase year-over-year. The total transaction volume surged to RMB33.4 billion, up 153.0% YoY, with 1.18 million new individual borrowers, reflecting a growth of 500.5%. The company also expanded its international reach, registering substantial increases in both transaction volume and borrowers in international markets. The net profit reached RMB620.4 million (US$96.1 million), increasing by 36.6% YoY.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced it will report its unaudited financial results for Q2 2021 on August 23, 2021, before U.S. market opening. An earnings conference call will follow at 8:00 AM ET that day. Attendees can access the call via provided dial-in numbers or through a live and archived webcast available on the company’s investor relations website. As of March 31, 2021, FinVolution had over 125.3 million cumulative registered users, highlighting its significant market presence.

FinVolution Group (NYSE: FINV) reported impressive Q1 2021 results, with total loan origination reaching RMB26.8 billion, a remarkable 104.6% year-over-year increase. The company achieved net profit of RMB592.8 million (US$90.5 million), up 41% from Q1 2020. New borrowers surged to 1,005,000, a 169.4% increase, while the delinquency ratio dropped to a historical low of 1.13%. Operational metrics show non-GAAP operating profit soared by 44.7%, signaling a robust recovery amidst post-COVID economic growth in China.

FinVolution Group (NYSE: FINV) will report its first quarter 2021 financial results on May 25, 2021, before U.S. market opening. Management will host an earnings call at 8:00 a.m. ET on the same day, available via multiple dial-in options for participants from various regions. The call will also be webcast live and archived on the company's investor relations website. FinVolution is a prominent fintech platform in China, established in 2007, focusing on connecting individual borrowers with financial institutions.

FinVolution Group (NYSE: FINV) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020. The report includes the Company’s audited consolidated financial statements. Established in 2007, FinVolution is a leading fintech platform in China that connects underserved individual borrowers with financial institutions. As of December 31, 2020, it has over 116.1 million cumulative registered users. The full report can be accessed on the SEC's website and FinVolution's investor relations site.