Welcome to our dedicated page for X Financial news (Ticker: XYF), a resource for investors and traders seeking the latest updates and insights on X Financial stock.
X Financial (XYF) operates at the intersection of technology and personal finance, providing innovative lending solutions through its digital marketplace. This news hub offers investors and industry observers centralized access to official updates and financial developments from China's dynamic fintech sector.
Track XYF's strategic initiatives through earnings reports, partnership announcements, and regulatory filings. Our curated collection features press releases on product launches, risk management enhancements, and market expansion efforts – all essential for understanding the company's position in China's competitive financial landscape.
Key updates include quarterly performance disclosures, leadership changes, and technological advancements in credit assessment systems. The platform serves both institutional analysts and individual investors seeking to monitor XYF's growth in online lending and wealth management services.
Bookmark this page for real-time updates on X Financial's operational milestones and industry developments. For comprehensive coverage of XYF's role in China's evolving financial ecosystem, maintain regular visits to stay informed through verified sources.
X Financial (NYSE: XYF) reported its unaudited financial results for Q4 and fiscal year 2022, showcasing significant growth in loan facilitation. In Q4, total loan facilitation reached RMB21.7 billion, up 65.9% YoY, contributing to an annual total of RMB73.7 billion, a 42.0% increase. However, total net revenue for 2022 was RMB3.56 billion, a decline of 1.8% from 2021, with net income slightly decreasing by 1.6%. Despite these challenges, Q4 net income surged 88.7% to RMB274.6 million. The company anticipates a strong outlook for 2023 with projected loan facilitation between RMB23.8 billion and RMB24.8 billion.
X Financial (NYSE: XYF), a top online personal finance company in China, will announce its unaudited financial results for Q4 and fiscal year 2022 on March 31, 2023. The earnings conference call is set for 7:00 AM U.S. Eastern Time on the same day. Interested parties can join the call using various phone numbers specific to their location. X Financial is focused on connecting borrowers with institutional funding through advanced technology and strategic partnerships, enhancing its ability to manage risks effectively in loan facilitation.
X Financial (NYSE: XYF) reported its financial results for Q3 2022 with total net revenue of RMB894.6 million (US$125.8 million), a 7.2% decline year-over-year. Income from operations was RMB300.4 million (US$42.2 million), down from RMB410.6 million in Q3 2021. Net income also decreased to RMB211.7 million (US$29.8 million) from RMB267.2 million. The total loan amount facilitated surged by 31.4% to RMB19.8 billion. The company announced an increase in its share repurchase program to US$30 million, reflecting confidence in long-term growth.
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