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), 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.
X Financial (NYSE: XYF), a leading personal finance company in China, announced on May 24, 2021, that Shaoyong (Simon) Cheng has stepped down as President and has been appointed Vice Chairman of the Board. Kent Li, previously Chief Risk Officer, has been promoted to President. Cheng has been with the company since 2015, while Li joined the same year and has a strong background in risk management. The company aims to connect borrowers with institutional funding partners using its proprietary technology.
X Financial (NYSE: XYF), a prominent technology-driven personal finance company in China, announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on May 14, 2021. The report, which contains audited consolidated financial statements, is accessible on the Company’s investor relations website and the SEC's website. Shareholders can request a hard copy of the report free of charge. X Financial emphasizes its commitment to connecting borrowers with institutional funding partners through its proprietary technology.
X Financial (NYSE: XYF) reported its fourth quarter and fiscal year 2020 results, showing a 7.7% increase in net revenue to RMB716.3 million (US$109.8 million). However, the company experienced a substantial net loss of RMB655.5 million (US$100.5 million) compared to a profit of RMB79.7 million in Q4 2019. Fiscal year revenue fell 29.0% to RMB2,193.0 million (US$336.1 million), and losses from operations surged to RMB1,430.3 million (US$219.2 million). Despite these losses, loan facilitation showed signs of recovery, and management expects positive operational growth moving forward.