X Financial Files Annual Report on Form 20-F for Fiscal Year 2023

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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.

Financial Analyst

When assessing X Financial's recent filing of their annual report on Form 20-F, it's essential to focus on their audited financial statements. These documents provide data on the company's profitability, liquidity and solvency. The operating margin, net profit margin, return on assets and debt-to-equity ratio are particularly illuminating figures that can signal the company's financial health to investors.

For retail investors, scrutinizing these financial metrics is key. They offer a transparent view of the company's performance, allowing informed decisions on whether the stock aligns with their investment strategy. The fact that X Financial makes these reports readily available is commendable, suggesting a commitment to transparency.

Market Research Analyst

Furthermore, understanding the context in which X Financial operates is pivotal. The Chinese online personal finance market has been subject to regulatory changes and growing competition. Analyzing the company's market share, user growth and technological investments can provide insight into its competitive positioning. Also, examining industry trends, such as the adoption of fintech solutions and regulatory tailwinds or headwinds, is important for predicting potential future performance.

For individuals investing in X Financial, the annual report is a trove of information not just on earnings but on strategy, risks and opportunities. As China's financial sector continues to evolve, the company's adaptability and strategic direction, as disclosed in these reports, may significantly influence its long-term value.

SHENZHEN, China, April 29, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company"), a leading online personal finance company in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 29, 2024. The annual report can be accessed on the Company's investor relations website at https://ir.xiaoyinggroup.com as well as the SEC's website at https://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Company's IR Department at ir@xiaoying.com.

About X Financial

X Financial is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate loans to prime borrowers under a robust risk assessment and control system.

For more information, please visit: https://ir.xiaoyinggroup.com.

For more information, please contact:

X Financial
Mr. Frank Fuya Zheng
E-mail: ir@xiaoying.com

Christensen

In China
Mr. Rene Vanguestaine
Phone: +86-178-1749 0483
E-mail: rene.vanguestaine@christensencomms.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: linda.bergkamp@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/x-financial-files-annual-report-on-form-20-f-for-fiscal-year-2023-302130749.html

SOURCE X Financial

FAQ

Where can I access X Financial's annual report for fiscal year 2023?

X Financial's annual report for fiscal year 2023 can be accessed on the Company's investor relations website and the SEC's website.

When was X Financial's annual report for fiscal year 2023 filed with the SEC?

X Financial's annual report for fiscal year 2023 was filed with the SEC on April 29, 2024.

How can shareholders obtain a hard copy of X Financial's annual report for fiscal year 2023?

Shareholders can request a hard copy of X Financial's annual report for fiscal year 2023 free of charge by contacting the Company's IR Department at ir@xiaoying.com.