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) 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.
X Financial (NYSE: XYF), a prominent online personal finance company in China, will announce its unaudited financial results for Q4 and the fiscal year ending December 31, 2021, on March 31, 2022, before U.S. market open. An earnings conference call is scheduled for 7:00 AM ET on the same day. Investors can listen via phone or through a webcast on the company’s investor relations website. X Financial specializes in connecting borrowers with institutional funding partners using big data technology.
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.