X Financial Stock Price, News & Analysis

X Financial (NYSE: XYF), a leading online personal finance company in China, is set to release its unaudited financial results for Q3 2022 on November 17, 2022, before U.S. markets open. The management team will host an earnings call at 7:00 AM ET on the same day. Interested parties can access the call by dialing in ten minutes prior, with a replay available until November 24, 2022. The company emphasizes its commitment to connecting borrowers with institutional funding partners through proprietary big data technology.

X Financial (NYSE: XYF), a leading online personal finance company in China, has announced an increase in its share repurchase program from US$15 million to US$20 million. This enhanced program is set to be effective until September 2023, aiming to boost shareholder value. The company's focus lies in connecting borrowers with institutional funding partners, utilizing advanced risk assessment technologies.

X Financial (NYSE: XYF) reported unaudited financial results for Q2 2022, with total net revenue of RMB824.3 million (US$123.1 million), an 11.6% drop year-over-year. Income from operations declined to RMB193.8 million (US$28.9 million) from RMB337.7 million in Q2 2021. Net income was RMB185.7 million (US$27.7 million), down from RMB223.4 million the previous year. However, total loan facilitation amounted to RMB16.9 billion, a 31.5% increase from last year. The delinquency rate improved to 0.93%. The company also initiated a share repurchase program and remains optimistic for Q3 2022, expecting loan facilitation between RMB19.0 billion and RMB20.0 billion.

X Financial (NYSE: XYF), a leading online personal finance company in China, will announce its unaudited financial results for Q2 2022 on August 9, 2022, before U.S. market open. The management will host an earnings call at 7:00 AM ET on the same day. Interested parties can join by dialing the provided numbers or via a webcast available on their investor relations website. The company focuses on connecting borrowers with institutional funding partners, leveraging big data-driven technology for efficient loan facilitation and risk assessment.

X Financial (NYSE: XYF) reported its first quarter 2022 financial results with total net revenue of RMB888.4 million (US$140.1 million), down 2.0% year-over-year. Income from operations rose to RMB314.1 million (US$49.5 million), while net income fell to RMB139.9 million (US$22.1 million). The total loan amount facilitated increased by 40.5% to RMB15.25 billion. The delinquency rate for loans overdue by 31-60 days improved to 1.31%. The company remains cautious about its business outlook amidst macroeconomic uncertainties but aims for loan growth between 15%-25% in 2022.

X Financial (NYSE: XYF), a prominent online personal finance company in China, announced it will release its unaudited financial results for Q1 2022 on May 24, 2022, before U.S. markets open. An earnings conference call will follow at 7:00 AM ET on the same day. Investors can join the call by dialing the provided numbers and using the passcode 'X Financial'. The company utilizes proprietary technology to connect borrowers with institutional partners, maintaining a strong risk assessment and control system. For more details, visit their investor relations website.

X Financial (NYSE: XYF) announced updates regarding its status under the Holding Foreign Companies Accountable Act (HFCAA) following its identification by the SEC on May 4, 2022. This identification indicates that the company's registered public accounting firm’s working papers cannot be inspected by the PCAOB. If this situation continues for three consecutive years, trading in its shares may be prohibited in the U.S. X Financial is actively seeking solutions to uphold its listing status and comply with applicable laws in the U.S. and China.

X Financial (NYSE: XYF) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 28, 2022. The comprehensive report, featuring audited consolidated financial statements, is accessible via the Company's investor relations website and the SEC’s site. Shareholders can request a hard copy of the report at no charge. X Financial continues to connect borrowers with institutional funding partners through its advanced technology, offering loans to prime borrowers while managing risks effectively.

X Financial (NYSE: XYF) reported strong financial results for Q4 and FY 2021. In Q4, total net revenue rose 15% to RMB823.4 million (US$129.2 million), with net income reaching RMB145.5 million (US$22.8 million), a significant turnaround from a net loss of RMB655.5 million in Q4 2020. For the full year, net income surged to RMB825.4 million (US$129.5 million) from a net loss of RMB1,308.5 million in 2020. The company also approved a US$15 million share repurchase plan, reinforcing its commitment to shareholder value amid anticipated regulatory clarity in 2022.