Finvolution Group Stock Price, News & Analysis

FinVolution Group (FINV) reported strong financial results for Q4 2020, with a net revenue of RMB1,853.0 million (US$284.0 million), a 50.3% increase year-over-year. Operating profit rose by 36.9% to RMB595.6 million (US$91.3 million), while net profit reached RMB497.3 million (US$76.2 million), up 20.6%. The company exceeded loan origination volume expectations, reaching RMB21 billion. For FY 2020, net revenue amounted to RMB7,563.1 million (US$1,159.1 million), a 26.8% increase. However, both operating profit and net profit declined by 12.8% and 17.1%, respectively. 2021 forecasts anticipate loan origination of RMB100 billion to RMB120 billion.

FinVolution Group (NYSE: FINV) announced a dividend of US$0.17 per American Depositary Share for fiscal year 2020, expected to be paid on April 30, 2021. This marks the company's third consecutive dividend distribution since going public. Chairman Shaofeng Gu highlighted the company's strong business transition and optimism for long-term growth in Mainland China and Southeast Asia. FinVolution, a leading fintech platform, connects underserved borrowers with financial institutions and had over 116.1 million registered users by the end of 2020.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, will announce its unaudited financial results for Q4 and fiscal year 2020 on March 11, 2021, before U.S. market opening. The management will conduct an earnings conference call at 7:00 AM ET on the same day. The company has over 112.8 million cumulative registered users as of September 30, 2020, and specializes in connecting underserved borrowers with financial institutions through its automated loan transaction process powered by advanced technologies.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, has secured the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS). This achievement signifies a pivotal step in expanding FinVolution's operations in Southeast Asia, aligning with its mission to enhance financial accessibility through innovative technology. President Tiezheng Li emphasized the region's growth potential, reinforcing the company's commitment to developing comprehensive financial services.

FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced that Chairman Shaofeng Gu purchased approximately 0.53 million American Depositary Shares (ADSs) in Q4 2020, bringing his total acquisitions for the year to 3.41 million ADSs. Gu noted improvement in credit risk performance and a shift to institutional funding, enhancing the platform's financial stability. As of December 31, 2020, Gu holds approximately 29.6% of the company. He believes the current share price undervalues the company's potential, presenting an attractive investment opportunity.

FinVolution Group (FINV) reported a net revenue increase of 12.6% to RMB1,793.3 million (US$264.1 million) for Q3 2020, compared to RMB1,592.5 million in Q3 2019. Operating profit rose 6.2% to RMB689.0 million (US$101.5 million). Non-GAAP adjusted operating profit grew 6.1% to RMB697.6 million (US$102.8 million). The company recorded a cumulative total of 112.8 million registered users and 18.6 million cumulative borrowers. Loan origination volume surged 30% quarter-over-quarter, reaching approximately RMB17.0 billion.

FinVolution Group (NYSE: FINV), a leading Chinese fintech platform, is set to release its unaudited financial results for Q3 2020 on November 17, 2020, prior to U.S. market opening. The management will conduct an earnings conference call at 7:00 AM ET on the same day, with dial-in details provided for participants. The company's platform connects underserved borrowers with financial institutions and boasts over 110.4 million registered users as of June 30, 2020. For further details, visit the investor relations website.

FinVolution Group (NYSE: FINV) announced that Chairman Shaofeng Gu purchased approximately 0.4 million American Depositary Shares (ADSs) in Q3 2020, following earlier acquisitions this year. Mr. Gu asserts that the company's strategy has improved credit risk performance through AI technologies and believes the current share price undervalues the company. As of September 30, 2020, he owned about 28.9% of FinVolution shares. The company remains committed to connecting borrowers with financial institutions and enhancing its digital transformation capabilities.

FinVolution Group (NYSE: FINV) announced a new share repurchase program on August 24, 2020, authorizing up to US$60 million for buying back its Class A ordinary shares in the form of American depositary shares until December 31, 2021. This new initiative expands upon the original US$120 million buyback launched in 2018, bringing the total authorized repurchase amount to US$180 million. CEO Feng Zhang emphasized the company's commitment to enhancing shareholder value and expressed confidence in future business operations.