X Financial Stock Price, News & Analysis

X Financial (NYSE: XYF) held its 2021 Annual General Meeting (AGM) on December 29, 2021, in Shenzhen, China. The meeting resulted in the approval of Mr. Kan Li as a new board director, replacing Mr. Ding Gao. X Financial operates as a leading online personal finance platform in China, connecting borrowers with institutional funding partners through proprietary technology. The company emphasizes a robust risk assessment system to facilitate loans to prime borrowers.

X Financial (NYSE: XYF) reported strong financial results for Q3 2021, with a total net revenue of RMB964.4 million (US$149.7 million), an increase of 72.3% year-over-year. The company achieved an income from operations of RMB410.6 million (US$63.7 million), reversing a loss of RMB101.4 million in Q3 2020. Net income attributable to shareholders was RMB279.9 million (US$43.4 million), compared to a net loss of RMB113.0 million in the same period last year. The loan facilitation amount reached RMB15.1 billion, up 87.9% year-over-year, driven primarily by the Xiaoying Card Loan products.

X Financial (NYSE: XYF), a leading online personal finance company in China, will hold its 2021 annual general meeting on December 29, 2021, at 10:00 a.m. local time in Shenzhen. Shareholders will vote on the appointment of Kent Li to the board, replacing Gardon Gao. The record date for determining eligible shareholders is November 12, 2021. The company filed its annual report for the fiscal year ending December 31, 2020, with the SEC on May 14, 2021, which is available on its investor relations website.

X Financial (NYSE: XYF), a leading online personal finance company in China, will announce its unaudited financial results for Q3 2021 on November 23, 2021, before U.S. market open. A conference call will occur at 7:00 AM ET on the same day, with dial-in details provided for various locations. The call will include insights into the company's financial performance and future outlook. The results will be accessible publicly via their website following the announcement.

X Financial (NYSE: XYF) reported impressive second-quarter 2021 results, showing a total net revenue of RMB932.4 million (US$144.4 million), a remarkable increase of 140.4% year-over-year. The company achieved a net income attributable to shareholders of RMB223.2 million (US$34.6 million), recovering from a loss of RMB343.7 million in the same quarter last year. Loan facilitation reached RMB12.8 billion, a 108.6% increase from the previous year. With a solid outlook for Q3, X Financial expects loan facilitation between RMB14.5 billion and RMB15.5 billion, and net income above RMB230 million.

X Financial (NYSE: XYF) is set to release its unaudited financial results for the second quarter ended June 30, 2021, before U.S. markets open on August 10, 2021. An earnings conference call will follow at 7:00 AM U.S. Eastern Time. The company specializes in online personal finance, connecting borrowers with institutional funding partners through advanced big data technology.

X Financial (NYSE: XYF) reported strong financial performance for Q1 2021, with total net revenue surging by 71.3% to RMB906.3 million (US$138.3 million). The company posted a net income of RMB192.8 million (US$29.4 million), reversing a loss of RMB196.3 million from the previous year. Loan facilitation amounts reached a record RMB10.9 billion, up 59.1% year-over-year. Moreover, the firm received regulatory approval to establish Xiaoying Microcredit, expanding its service offerings. For Q2 2021, X Financial projects total loan facilitations between RMB12.4 billion and RMB13.0 billion.

X Financial (NYSE: XYF), a leading online personal finance company in China, will announce its unaudited financial results for Q1 2021 on June 16, 2021, before U.S. market opening. The earnings conference call is scheduled for 7:00 AM ET the same day, with dial-in details provided in the release. The company utilizes big data technology to connect borrowers with institutional funding partners, enhancing its risk assessment protocols.

X Financial (NYSE: XYF), a leading personal finance technology company in China, announced that its VIE, Shenzhen Xiaoying Technology Co., Ltd., received approval from the Local Financial Regulatory Bureau for its microcredit operations. The letter, dated May 12, 2021, allows Xiaoying Microcredit to start business registration. This makes it the first P2P entity in China to achieve a national online microcredit operating license, marking a significant step towards regulatory compliance and operational legitimacy.