X Financial Stock Price, News & Analysis

X Financial (XYF) reported strong Q3 2024 results with total net revenue increasing 13.3% YoY to RMB1,582.5 million. The company's non-GAAP adjusted net income reached a record high of RMB433.6 million, up 15.8% YoY. Total loan amount facilitated was RMB28,338 million, down 3.8% YoY but up 24.6% QoQ. Active borrowers increased 8.6% YoY to 1,965,248. The company improved its asset quality with delinquency rates for loans past due 31-60 days decreasing to 1.02%. For Q4 2024, X Financial expects loan facilitation volume between RMB30-31 billion, with monthly volumes expected to exceed RMB10 billion.

X Financial (NYSE: XYF) announced it will hold its 2024 annual general meeting on December 20, 2024, at its headquarters in Shenzhen, China. The meeting will serve as an open forum for shareholders to discuss company affairs with management, with no proposals requiring shareholder approval. The record date is set for December 9, 2024, and both Class A and Class B ordinary shareholders, as well as ADS holders, are welcome to attend in person. The company's annual report for FY2023 is available on their investor relations website and the SEC's website, with hard copies available upon request.

X Financial (NYSE: XYF) announced it will release its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on Wednesday, November 27, 2024. The company will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day. A replay of the conference call will be available until December 4, 2024, and interested parties can access a live and archived webcast of the conference call through the company's investor relations website.

X Financial (NYSE: XYF) reported strong Q2 2024 financial results, with total net revenue increasing 12.5% year-over-year to RMB1,372.6 million. Net income grew 13.4% to RMB415.3 million, a record high for the company. The total loan amount facilitated and originated decreased 12.1% year-over-year but increased 5.8% sequentially to RMB22,749 million. Delinquency rates for loans past due 31-60 days and 91-180 days were 1.29% and 4.38% respectively. The company expects loan volumes to gradually recover in H2 2024 and announced a semi-annual dividend of US$0.17 per ADS. X Financial also initiated a tender offer to purchase 2 million ADSs, which was completed in July 2024.

X Financial (NYSE: XYF), a leading online personal finance company in China, has announced it will release its unaudited financial results for the second quarter ended June 30, 2024, before U.S. markets open on Thursday, August 22, 2024. The company's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day. Dial-in details for the call have been provided, including numbers for the United States, Hong Kong, Mainland China, and international callers. A replay of the conference call will be available until August 29, 2024. Additionally, a live and archived webcast of the call will be accessible at https://ir.xiaoyinggroup.com.

X Financial (NYSE: XYF) has completed its tender offer to purchase up to 2 million American Depositary Shares (ADSs) at $4.52 per ADS. The offer, which expired on July 12, 2024, resulted in 2,026,640 ADSs being validly tendered. The company increased its purchase amount to accept all tendered ADSs. CFO Frank Fuya Zheng stated that this buyback provides liquidity to exiting shareholders at a premium while allowing remaining shareholders to increase their ownership stake. Following the tender offer, X Financial expects to have 186,872,295 Class A ordinary shares outstanding. The company plans to continue exploring methods like dividends and share buybacks to return value to shareholders when profitability allows.

X Financial (NYSE: XYF), a leading online personal finance company in China, has initiated a tender offer to repurchase up to 2 million American Depositary Shares (ADSs) at $4.52 per ADS, totaling approximately $9.04 million. This offer, part of the company’s $20 million 2024 Repurchase Program approved by the Board in May 2024, will expire on July 12, 2024, unless extended or terminated earlier. The offer includes a $0.05 cancellation fee per ADS and applicable taxes, with no interest. The offer is not contingent on a minimum number of shares being tendered but is subject to other conditions. Securityholders must follow instructions in the related documentation filed with the SEC and consult their advisors before making a decision.

X Financial (NYSE: XYF) announced its unaudited financial results for Q1 2024. The company reported total net revenue of RMB 1,208 million, a 20.2% YoY increase. Net income surged by 27.7% YoY to RMB 363.1 million. Despite a 10.7% YoY drop in loan amounts facilitated to RMB 21,505 million, and a 10.1% YoY decline in active borrowers to 1,369,410, the company's top and bottom lines improved. Delinquency rates for loans past due for 31-60 and 91-180 days increased to 1.61% and 4.37%, respectively. X Financial has authorized a new $20 million share repurchase program effective from June 2024 through November 2025.

X Financial (NYSE: XYF), a leading online personal finance company in China, has rescheduled the release of its unaudited financial results for Q1 2024 to May 31, 2024. These results will be available before the U.S. markets open.

The management will host an earnings conference call on May 31, 2024, at 7:00 AM U.S. Eastern Time (7:00 PM Beijing/Hong Kong Time).

Dial-in details for the call are provided, with a replay accessible until June 7, 2024. Webcast options are also available on the company's investor relations website.