X Financial American Depositary Shares, each representing six - XYF STOCK NEWS

X Financial (NYSE: XYF) reported strong Q2 2024 financial results, with total net revenue increasing 12.5% year-over-year to RMB1,372.6 million. Net income grew 13.4% to RMB415.3 million, a record high for the company. The total loan amount facilitated and originated decreased 12.1% year-over-year but increased 5.8% sequentially to RMB22,749 million. Delinquency rates for loans past due 31-60 days and 91-180 days were 1.29% and 4.38% respectively. The company expects loan volumes to gradually recover in H2 2024 and announced a semi-annual dividend of US$0.17 per ADS. X Financial also initiated a tender offer to purchase 2 million ADSs, which was completed in July 2024.

X Financial (NYSE: XYF), a leading online personal finance company in China, has announced it will release its unaudited financial results for the second quarter ended June 30, 2024, before U.S. markets open on Thursday, August 22, 2024. The company's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day. Dial-in details for the call have been provided, including numbers for the United States, Hong Kong, Mainland China, and international callers. A replay of the conference call will be available until August 29, 2024. Additionally, a live and archived webcast of the call will be accessible at https://ir.xiaoyinggroup.com.

X Financial (NYSE: XYF) has completed its tender offer to purchase up to 2 million American Depositary Shares (ADSs) at $4.52 per ADS. The offer, which expired on July 12, 2024, resulted in 2,026,640 ADSs being validly tendered. The company increased its purchase amount to accept all tendered ADSs. CFO Frank Fuya Zheng stated that this buyback provides liquidity to exiting shareholders at a premium while allowing remaining shareholders to increase their ownership stake. Following the tender offer, X Financial expects to have 186,872,295 Class A ordinary shares outstanding. The company plans to continue exploring methods like dividends and share buybacks to return value to shareholders when profitability allows.

X Financial (NYSE: XYF), a leading online personal finance company in China, has initiated a tender offer to repurchase up to 2 million American Depositary Shares (ADSs) at $4.52 per ADS, totaling approximately $9.04 million. This offer, part of the company’s $20 million 2024 Repurchase Program approved by the Board in May 2024, will expire on July 12, 2024, unless extended or terminated earlier. The offer includes a $0.05 cancellation fee per ADS and applicable taxes, with no interest. The offer is not contingent on a minimum number of shares being tendered but is subject to other conditions. Securityholders must follow instructions in the related documentation filed with the SEC and consult their advisors before making a decision.

X Financial (NYSE: XYF) announced its unaudited financial results for Q1 2024. The company reported total net revenue of RMB 1,208 million, a 20.2% YoY increase. Net income surged by 27.7% YoY to RMB 363.1 million. Despite a 10.7% YoY drop in loan amounts facilitated to RMB 21,505 million, and a 10.1% YoY decline in active borrowers to 1,369,410, the company's top and bottom lines improved. Delinquency rates for loans past due for 31-60 and 91-180 days increased to 1.61% and 4.37%, respectively. X Financial has authorized a new $20 million share repurchase program effective from June 2024 through November 2025.

X Financial (NYSE: XYF), a leading online personal finance company in China, has rescheduled the release of its unaudited financial results for Q1 2024 to May 31, 2024. These results will be available before the U.S. markets open.

The management will host an earnings conference call on May 31, 2024, at 7:00 AM U.S. Eastern Time (7:00 PM Beijing/Hong Kong Time).

Dial-in details for the call are provided, with a replay accessible until June 7, 2024. Webcast options are also available on the company's investor relations website.

X Financial (NYSE: XYF), a leading online personal finance company in China, announced it will release its unaudited financial results for Q1 2024 on May 29, 2024, before U.S. market opening. The results cover the quarter ended March 31, 2024.

An earnings conference call will be hosted by X Financial's management team at 7:00 AM U.S. Eastern Time on the same day (7:00 PM Beijing/Hong Kong Time).

Dial-in numbers for the call are provided for various regions, including the U.S., Hong Kong, Mainland China, and international locations. Participants are advised to dial in ten minutes before the scheduled start time.

A replay of the call will be available until June 5, 2024, and a live plus archived webcast can be accessed via X Financial's investor relations website.

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.