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 (NYSE: XYF) is described in its public communications as a leading online personal finance company in China and a Chinese fintech platform. The news surrounding X Financial focuses heavily on its role in facilitating and originating loans through an online platform that connects borrowers with institutional funding partners, supported by proprietary big data-driven technology and a risk assessment and control system.
On this news page, readers can review company-issued announcements and earnings releases that cover topics such as unaudited quarterly financial results, operational metrics, and updates on loan facilitation volumes and delinquency trends. Recent releases discuss total loan amounts facilitated and originated, total outstanding loan balances, the number of active borrowers, and changes in delinquency rates across different past-due categories. These disclosures provide insight into borrower activity, asset quality, and the company’s emphasis on risk control and collection efficiency.
News items also include information about X Financial’s revenue composition, highlighting loan facilitation service fees, post-origination service fees, financing income, guarantee income, and other revenue. The company’s press releases describe the use of non-GAAP financial measures, such as adjusted net income and adjusted net income per ADS, and explain how management uses these metrics to evaluate operating performance.
In addition, X Financial’s news flow features announcements about annual general meetings, the filing of its Form 20-F annual report, and details of earnings conference calls, including dial-in information and webcast access. Investors and followers of XYF stock can use this page to monitor how the company reports on borrower demand, loan growth, credit performance, and regulatory context in China’s online consumer finance sector.
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.
X Financial (NYSE: XYF), a leading online personal finance company in China, announced it will release its unaudited financial results for Q1 2024 on May 29, 2024, before U.S. market opening. The results cover the quarter ended March 31, 2024.
An earnings conference call will be hosted by X Financial's management team at 7:00 AM U.S. Eastern Time on the same day (7:00 PM Beijing/Hong Kong Time).
Dial-in numbers for the call are provided for various regions, including the U.S., Hong Kong, Mainland China, and international locations. Participants are advised to dial in ten minutes before the scheduled start time.
A replay of the call will be available until June 5, 2024, and a live plus archived webcast can be accessed via X Financial's investor relations website.
X Financial, a prominent online personal finance company in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. The report can be accessed on the Company's investor relations website and the SEC's website. Shareholders can request a hard copy of the report free of charge from the Company.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.