FinVolution Group Reports Second Quarter 2021 Unaudited Financial Results
FinVolution Group (NYSE: FINV) reported strong Q2 2021 results, achieving a net revenue of RMB2,384.1 million (US$369.3 million), a 31.7% increase year-over-year. The total transaction volume surged to RMB33.4 billion, up 153.0% YoY, with 1.18 million new individual borrowers, reflecting a growth of 500.5%. The company also expanded its international reach, registering substantial increases in both transaction volume and borrowers in international markets. The net profit reached RMB620.4 million (US$96.1 million), increasing by 36.6% YoY.
- Record 1.18 million new individual borrowers, up 500.5% YoY.
- Total transaction volume reached RMB33.4 billion, a 153.0% increase YoY.
- Net revenue increased by 31.7% to RMB2,384.1 million (US$369.3 million).
- Improved 90-day+ delinquency ratio decreased to 1.01% from 7.13% YoY.
- International borrower acquisition increased by 1,225.0% YoY.
- Decreased net interest income by 7.4% to RMB308.5 million (US$47.8 million).
- Guarantee income fell to RMB665.7 million (US$103.1 million) from RMB821.2 million YoY.
- Significant rise in operating expenses, including a 609.4% increase in sales and marketing expenses.
SHANGHAI, Aug. 23, 2021 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.
For the Three Months Ended | YoY Change | ||
June 30, 2020 | June 30, 2021 | ||
Total No. of New Individual | 197 | 1,183 | |
New Individual Borrowers China's | 169 | 812 | |
New Individual Borrowers | 28 | 371 | 1, |
No. of Small Business Owners served | 31 | 408 | 1, |
Total Transaction Volume[4] | 13.2 | 33.4 | |
Transaction Volume China's Mainland | 13.1 | 32.5 | |
Transaction Volume International | 0.05 | 0.94 | 1, |
Second Quarter 2021 Operational Highlights
Growing global user base with total no. of new borrowers reaching record high
- Total cumulative registered users[1] reached 130.8 million as of June 30, 2021.
- Total number of unique borrowers[2] was 3.7 million as of June 30, 2021.
- Total number of new borrowers[3] was 1.18 million, an increase of
500.5% compared to the same period of 2020.
Total transaction volume and outstanding loan balances both reaching new record highs
- Total transaction volume reached RMB33.4 billion, an increase of
153.0% compared to the same period of 2020. - Transaction volume facilitated for total new borrowers[5] was RMB7.1 billion, an increase of
610.0% compared to the same period of 2020. - Total outstanding principal of loans reached RMB39.4 billion, an increase of
86.7% compared to the same period of 2020.
Small business owner's loans scaling up with steady growth
- Transaction volume facilitated for small business owners was RMB6.2 billion, representing
18.6% of total transaction volume. - Numbers of small business owners served in the quarter exceeded 408.0 thousand, an increase of 1,
216.1% compared to the same period of 2020.
International expansion continues to accelerate with new geographic presence
- Number of new borrowers acquired in the international markets reached 371.0 thousands, an increase of 1,
225.0% compared to the same period of 2020. - Transaction volume facilitated for the international markets was RMB940.0 million, an increase of 1,
780.0% compared to the same period of 2020. - Pilot testing operations took off in Vietnam.
More operational highlights
- 90 day+ delinquency ratio[6] reached a new historical low to
1.01% as of June 30, 2021, compared to7.13% in the same period of 2020. - Average loan size[7] was RMB4,403 for the second quarter of 2021, compared to RMB3,867 in the same period of 2020.
- Average loan tenor[8] was 8.1 months for the second quarter of 2021.
Second Quarter 2021 Financial Highlights
Sustainable growth with progressive improvement
- Net revenue was RMB2,384.1 million (US
$369.3 million ) for the second quarter of 2021, an increase of31.7% from RMB1,810.5 million compared to the same period of 2020. - Operating profit was RMB704.7 million (US
$109.1million ) for the second quarter of 2021, an increase of24.2% from the same period of 2020. - Non-GAAP adjusted operating income[9], which excludes share-based compensation expenses before tax, was RMB726.1 million (US
$112.5million ) for the second quarter of 2021, an increase of26.1% from the same period of 2020. - Diluted net profit per ADS was RMB2.11 (US
$0.33) and diluted net profit per share was RMB0.42 (US$0.07) , an increase of40.7% in the same period of 2020. Non-GAAP diluted net profit per ADS was RMB2.17 (US$0.34) and Non-GAAP diluted net profit per share was RMB0.43 (US$0.07) , an increase of42.8% in the same period of 2020.
[1] On a cumulative basis, total number of users registered on the Company's platforms as of June 30, 2021. |
[2] Represents the total number of borrowers whose transactions were facilitated on the Company's platforms during the period presented. |
[3] Represents the total number of new borrowers on the Company's platforms during the period presented. |
[4] Represents total transaction volume facilitated on the Company's platforms during the period presented. |
[5] Represents transaction volume facilitated for total number of new borrowers on the Company's platforms during the period presented. |
[6] "90 day+ delinquency ratio" refers to the outstanding principal balance of on- and-off balance sheet loans that were 90 to 179 calendar past due as a percentage of the total outstanding principal balance of on-off balance sheet loans on the Company's platform as of a specific date. Loans that originated outside China's Mainland is not included in the calculation. |
[7] Represents the average loan size on the Company's platform in China's Mainland during the period presented. |
[8] Represents the average loan tenor period on the Company's platform in China's Mainland during the period presented. |
[9] Please refer to "UNAUDITED Reconciliation of GAAP And Non-GAAP Results" for reconciliation between GAAP and Non-GAAP adjusted operating income. |
Mr. Feng Zhang, the Chief Executive Officer of FinVolution, commented, "We are thrilled to be reporting another set of record-breaking operational and financial results in the second quarter. As we harness our technological capabilities effectively to acquire new better quality borrowers and constantly increase our acquisition channels, our total number of new better quality borrowers acquired globally once again crossed the one million mark to a new record high of 1.18 million this quarter, an increase of
"Another clear indication that we are resuming high quality growth is our total transaction volume for the quarter reached a new record high to RMB33.4 billion , a
"Growth momentum for our small business owners segment remained robust with transaction volume increasing
"Our pilot testing operations in Vietnam, marks the fourth country in our global roadmap in addition to our international presence in Indonesia, Philippines, and Singapore. Leveraging our technologies and digitization capabilities to create long term value for our stakeholders, we are confident in our ability to maintain our position as the leading fintech platform in China while capturing tremendous growth opportunities globally," concluded Mr. Zhang.
Mr. Jiayuan Xu, the Chief Financial Officer of FinVolution, commented, "With continued improvement across multiple operating metrics in the second quarter, we delivered a non-GAAP operating profit of RMB726.1 million, an increase of
Second Quarter 2021 Financial Results
Net revenue for the second quarter of 2021 increased by
Loan facilitation service fees increased by
Post-facilitation service fees increased by 95.6 % to RMB299.6 million (US
Guarantee income was RMB665.7 million (US
Net interest income decreased by
Other revenue increased by
Origination and servicing expenses increased by
Sales and marketing expenses increased by
Research and development expenses increased by
General and administrative expenses increased by
Provision for accounts receivables and other receivables increased by
Provision for loans receivables was RMB81.9 million (US
Credit losses for quality assurance commitment were RMB391.1 million (US
Operating profit increased by
Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB726.1 million (US
Other income decreased by
Income tax expenses were RMB110.1 million (US
Net profit was RMB620.4 million (US
Net profit attributable to ordinary shareholders of the Company was RMB626.4 million (US
Diluted net profit per ADS was RMB2.11 (US
As of June 30, 2021, the Company had cash and cash equivalents of RMB2,801.8 million (US
The following table provides the delinquency rates for all outstanding loans on the Company's platform in China's Mainland as of the respective dates indicated.
As of | 15-29 | 30-59 | 60-89 | 90-119 | 120-149 | 150-179 |
March 31, 2019 | ||||||
June 30, 2019 | ||||||
September 30, 2019 | ||||||
December 31, 2019 | ||||||
March 31, 2020 | ||||||
June 30, 2020 | ||||||
September 30,2020 | ||||||
December 31, 2020 | ||||||
March 31, 2021 | ||||||
June 30, 2021 |
The following chart and table display the historical cumulative 30-day plus past due delinquency rates by loan origination vintage in China's Mainland for all loan products facilitated through the Company's online platform as of June 30, 2021:
Click here to view the chart.
Business Outlook
With the COVID-19 recent resurgence in China and other regions around the world, the Company will continue to closely monitor the situation of the pandemic and remain vigilant in its business operations. As such, the Company holds a cautious view on its operations and anticipates steady growth in its transaction volume for the third quarter of 2021, which is expected to be in the range of RMB35.0 billion to RMB37.0 billion.
The above forecast is based on the current market conditions and reflects the Company's current preliminary views and expectations on market and operational conditions, the regulatory and operating environment, as well as customer and institutional investor demands, all of which are subject to change.
Conference Call
The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 23, 2021 (8:00 PM Beijing/Hong Kong time on August 23, 2021).
Dial-in details for the earnings conference call are as follows:
United States (toll free): | 1-888-346-8982 |
Canada (toll free): | 1-855-669-9657 |
International: | 1-412-902-4272 |
Hong Kong, China (toll free): | 800-905-945 |
Hong Kong, China: | 852-3018-4992 |
Mainland, China: | 400-120-1203 |
Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for "FinVolution Group."
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.finvgroup.com.
A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until August 30, 2021, by dialing the following telephone numbers:
United States (toll free): | 1-877-344-7529 |
Canada (toll free): | 1-855-669-9658 |
International: | 1-412-317-0088 |
Replay Access Code: | 10159520 |
About FinVolution Group
FinVolution Group is a leading fintech platform in China connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company's platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of June 30, 2021, the Company had over 130.8 million cumulative registered users.
For more information, please visit https://ir.finvgroup.com
Use of Non-GAAP Financial Measures
We use Non-GAAP operating profit, Non-GAAP basic and diluted net profit per share and per ADS which are Non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that adjusted operating profit help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that adjusted operating profit provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
Non-GAAP adjusted operating profit, Non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. These Non-GAAP financial measures has limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for net (loss)/income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.
For more information on this Non-GAAP financial measure, please see the table captioned "Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.4566 to US
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
FinVolution Group
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
FinVolution Group | ||||
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
(All amounts in thousands, except share data, or otherwise noted) | ||||
As of December 31, | As of June 30, | |||
2020 | 2021 | |||
RMB | RMB | USD | ||
Assets | ||||
Cash and cash equivalents | 2,632,174 | 2,801,844 | 433,950 | |
Restricted cash | 3,484,227 | 3,931,316 | 608,883 | |
Short-term investments | 1,970,958 | 2,056,029 | 318,438 | |
Investments | 950,515 | 979,747 | 151,743 | |
Quality assurance receivable, net of credit loss allowance for | 1,121,554 | 1,052,037 | 162,940 | |
Intangible assets | 98,947 | 98,947 | 15,325 | |
Property, equipment and software, net | 93,876 | 84,608 | 13,104 | |
Loans receivable, net of credit loss allowance for loans receivable | 2,354,882 | 1,087,851 | 168,488 | |
Accounts receivable, net of credit loss allowance for accounts | 863,906 | 1,460,083 | 226,138 | |
Deferred tax assets | 155,758 | 229,186 | 35,496 | |
Right of use assets | 54,968 | 43,168 | 6,686 | |
Prepaid expenses and other assets | 1,050,009 | 1,323,931 | 205,051 | |
Goodwill | 50,411 | 50,411 | 7,808 | |
Total assets | 14,882,185 | 15,199,158 | 2,354,050 | |
Liabilities and Shareholders' Equity | ||||
Payable to platform customers | 103,453 | 89,928 | 13,928 | |
Deferred guarantee income[1] | 1,259,396 | 1,190,874 | 184,443 | |
Expected credit losses for quality assurance commitment[1] | 2,390,501 | 2,760,757 | 427,587 | |
Payroll and welfare payable | 220,989 | 165,318 | 25,604 | |
Taxes payable | 154,398 | 81,150 | 12,569 | |
Funds payable to investors of consolidated trusts | 1,661,841 | 677,784 | 104,974 | |
Contract liability | 3,447 | 2,522 | 391 | |
Deferred tax liabilities | 103,548 | 117,290 | 18,166 | |
Accrued expenses and other liabilities | 510,986 | 705,898 | 109,330 | |
Leasing liabilities | 43,296 | 30,111 | 4,664 | |
Total liabilities | 6,451,855 | 5,821,632 | 901,656 | |
Commitments and contingencies | ||||
FinVolution Group Shareholders' equity | ||||
Ordinary shares | 103 | 103 | 16 | |
Additional paid-in capital | 5,659,990 | 5,657,451 | 876,228 | |
Treasury stock | (401,621) | (345,627) | (53,531) | |
Statutory reserves | 458,058 | 458,058 | 70,944 | |
Accumulated other comprehensive income | (5,142) | (7,018) | (1,087) | |
Retained Earnings | 2,651,918 | 3,551,102 | 549,996 | |
Total FinVolution Group shareholders' equity | 8,363,306 | 9,314,069 | 1,442,566 | |
Non-controlling interest | 67,024 | 63,457 | 9,828 | |
Total shareholders' equity | 8,430,330 | 9,377,526 | 1,452,394 | |
Total liabilities and shareholders' equity | 14,882,185 | 15,199,158 | 2,354,050 | |
FinVolution Group | |||||||||
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE | |||||||||
INCOME | |||||||||
(All amounts in thousands, except share data, or otherwise noted) | |||||||||
For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||||||
2020 | 2021 | 2020 | 2021 | ||||||
RMB | RMB | USD | RMB | RMB | USD | ||||
Operating revenue: | |||||||||
Loan facilitation service fees | 404,742 | 952,405 | 147,509 | 779,274 | 1,714,030 | 265,469 | |||
Post-facilitation service fees | 153,155 | 299,613 | 46,404 | 335,860 | 526,044 | 81,474 | |||
Guarantee income | 821,175 | 665,706 | 103,105 | 1,971,455 | 1,324,887 | 205,199 | |||
Net interest income | 333,157 | 308,499 | 47,780 | 648,115 | 588,917 | 91,212 | |||
Other Revenue | 98,223 | 157,877 | 24,452 | 182,058 | 343,115 | 53,142 | |||
Net revenue | 1,810,452 | 2,384,100 | 369,250 | 3,916,762 | 4,496,993 | 696,496 | |||
Operating expenses: | |||||||||
Origination and servicing expenses | (272,315) | (455,004) | (70,471) | (521,810) | (868,058) | (134,445) | |||
Sales and marketing expenses | (66,743) | (473,194) | (73,289) | (157,949) | (807,410) | (125,052) | |||
Research and development expenses | (83,394) | (104,647) | (16,208) | (170,953) | (198,431) | (30,733) | |||
General and administrative expenses | (102,025) | (126,129) | (19,534) | (198,380) | (238,754) | (36,978) | |||
Provision for accounts receivable and other receivable | (23,248) | (47,440) | (7,348) | (56,396) | (87,228) | (13,510) | |||
Provision for loans receivable | (119,776) | (81,894) | (12,684) | (415,712) | (100,717) | (15,599) | |||
Credit losses for quality assurance commitment[1] | (575,782) | (391,116) | (60,576) | (1,372,621) | (835,992) | (129,479) | |||
Total operating expenses | (1,243,283) | (1,679,424) | (260,110) | (2,893,821) | (3,136,590) | (485,796) | |||
Operating profit | 567,169 | 704,676 | 109,140 | 1,022,941 | 1,360,403 | 210,700 | |||
Other income, net | 34,321 | 25,831 | 4,001 | 88,079 | 68,528 | 10,614 | |||
Profit before income tax expense | 601,490 | 730,507 | 113,141 | 1,111,020 | 1,428,931 | 221,314 | |||
Income tax expenses | (147,479) | (110,074) | (17,048) | (236,647) | (215,745) | (33,415) | |||
Net profit | 454,011 | 620,433 | 96,093 | 874,373 | 1,213,186 | 187,899 | |||
Net profit attributable to non-controlling ,interest | (2,696) | (5,950) | (921) | (1,723) | (3,567) | (552) | |||
Net profit attributable to FinVolution Group | 456,707 | 626,383 | 97,014 | 876,096 | 1,216,753 | 188,451 | |||
Foreign currency translation adjustment, net of nil tax | (1,580) | (16,472) | (2,551) | 2,262 | (1,876) | (291) | |||
Total comprehensive income attributable | 455,127 | 609,911 | 94,463 | 878,358 | 1,214,877 | 188,160 | |||
Weighted average number of ordinary shares used in computing net income per share | |||||||||
Basic | 1,513,856,060 | 1,422,064,339 | 1,422,064,339 | 1,518,587,011 | 1,413,726,359 | 1,413,726,359 | |||
Diluted | 1,521,505,807 | 1,487,138,052 | 1,487,138,052 | 1,530,774,525 | 1,481,517,231 | 1,481,517,231 | |||
Net profit per share attributable to FinVolution Group's ordinary shareholders | |||||||||
Basic | 0.30 | 0.44 | 0.07 | 0.58 | 0.86 | 0.13 | |||
Diluted | 0.30 | 0.42 | 0.07 | 0.57 | 0.82 | 0.13 | |||
Net profit per ADS attributable to FinVolution Group's ordinary shareholders (one ADS equal five ordinary shares) | |||||||||
Basic | 1.51 | 2.20 | 0.34 | 2.88 | 4.30 | 0.67 | |||
Diluted | 1.50 | 2.11 | 0.33 | 2.86 | 4.11 | 0.64 | |||
FinVolution Group | ||||||||||||||||||
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||||||
(All amounts in thousands, except share data, or otherwise noted) | ||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||
2020 | 2021 | 2020 | 2021 | |||||||||||||||
RMB | RMB | USD | RMB | RMB | USD | |||||||||||||
Net cash provided by operating | 1,250,622 | 119,460 | 18,501 | 667,210 | 274,351 | 42,492 | ||||||||||||
Net cash provided by/(used in) | 46,622 | 980,789 | 151,905 | (213,853) | 1,675,628 | 259,522 | ||||||||||||
Net cash used in financing activities | (1,002,044) | (455,120) | (70,489) | (1,432,830) | (1,324,557) | (205,148) | ||||||||||||
Effect of exchange rate changes on | 3,792 | (18,286) | (2,832) | 6,864 | (8,663) | (1,343) | ||||||||||||
Net increase/(decrease) in cash, cash | 298,992 | 626,843 | 97,085 | (972,609) | 616,759 | 95,523 | ||||||||||||
Cash, cash equivalent and restricted | 4,739,144 | 6,106,317 | 945,748 | 6,010,745 | 6,116,401 | 947,310 | ||||||||||||
Cash, cash equivalent and restricted | 5,038,136 | 6,733,160 | 1,042,833 | 5,038,136 | 6,733,160 | 1,042,833 | ||||||||||||
FinVolution Group | |||||||||
UNAUDITED Reconciliation of GAAP and Non-GAAP Results | |||||||||
(All amounts in thousands, except share data, or otherwise noted) | |||||||||
For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||||||
2020 | 2021 | 2020 | 2021 | ||||||
RMB | RMB | USD | RMB | RMB | USD | ||||
Net Revenues | 1,810,452 | 2,384,100 | 369,250 | 3,916,762 | 4,496,993 | 696,496 | |||
Less: total operating expenses | (1,243,283) | (1,679,424) | (260,110) | (2,893,821) | (3,136,590) | (485,796) | |||
Operating Income | 567,169 | 704,676 | 109,140 | 1,022,941 | 1,360,403 | 210,700 | |||
Add: share-based compensation expenses | 8,708 | 21,413 | 3,317 | 16,729 | 36,852 | 5,708 | |||
Non-GAAP adjusted operating income | 575,877 | 726,089 | 112,457 | 1,039,670 | 1,397,255 | 216,408 | |||
Operating Margin | |||||||||
Non-GAAP operating margin | |||||||||
Non-GAAP adjusted operating income | 575,877 | 726,089 | 112,457 | 1,039,670 | 1,397,255 | 216,408 | |||
Add: other income, net | 34,321 | 25,831 | 4,001 | 88,079 | 68,528 | 10,614 | |||
Less: income tax expenses | (147,479) | (110,074) | (17,048) | (236,647) | (215,745) | (33,415) | |||
Less: tax effects on non-GAAP adjustments | (1,635) | (3,847) | (597) | (2,648) | (6,922) | (1,072) | |||
Non-GAAP net profit | 461,084 | 637,999 | 98,813 | 888,454 | 1,243,116 | 192,535 | |||
Net profit attributable to non-controlling ,interest | (2,696) | (5,950) | (921) | (1,723) | (3,567) | (552) | |||
Non-GAAP net profit attributable to FinVolution | 463,780 | 643,949 | 99,734 | 890,177 | 1,246,683 | 193,087 | |||
Weighted average number of ordinary shares used in computing net income per share | |||||||||
Basic | 1,513,856,060 | 1,422,064,339 | 1,422,064,339 | 1,518,587,011 | 1,413,726,359 | 1,413,726,359 | |||
Diluted | 1,521,505,807 | 1,487,138,052 | 1,487,138,052 | 1,530,774,525 | 1,481,517,231 | 1,481,517,231 | |||
Non-GAAP net profit per share attributable to | |||||||||
Basic | 0.31 | 0.45 | 0.07 | 0.59 | 0.88 | 0.14 | |||
Diluted | 0.30 | 0.43 | 0.07 | 0.58 | 0.84 | 0.13 | |||
Non-GAAP net profit per ADS attributable to | |||||||||
Basic | 1.53 | 2.26 | 0.35 | 2.93 | 4.41 | 0.68 | |||
Diluted | 1.52 | 2.17 | 0.34 | 2.91 | 4.21 | 0.65 | |||
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SOURCE FinVolution Group
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