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

X Financial (NYSE: XYF) reported its financial results for Q3 2022 with total net revenue of RMB894.6 million (US$125.8 million), a 7.2% decline year-over-year. Income from operations was RMB300.4 million (US$42.2 million), down from RMB410.6 million in Q3 2021. Net income also decreased to RMB211.7 million (US$29.8 million) from RMB267.2 million. The total loan amount facilitated surged by 31.4% to RMB19.8 billion. The company announced an increase in its share repurchase program to US$30 million, reflecting confidence in long-term growth.

X Financial (NYSE: XYF) announced its 2022 annual general meeting of shareholders on December 9, 2022, at its headquarters in Shenzhen, China. The meeting will focus on discussing company affairs without any proposals for shareholder approval. The record date for attendance is set for November 18, 2022. Shareholders can access the Company's annual report for fiscal year ending December 31, 2021 online, with hard copies available upon request. The Company utilizes big data technology to connect borrowers with funding partners, ensuring a robust risk assessment framework.

X Financial (NYSE: XYF), a leading online personal finance company in China, is set to release its unaudited financial results for Q3 2022 on November 17, 2022, before U.S. markets open. The management team will host an earnings call at 7:00 AM ET on the same day. Interested parties can access the call by dialing in ten minutes prior, with a replay available until November 24, 2022. The company emphasizes its commitment to connecting borrowers with institutional funding partners through proprietary big data technology.

X Financial (NYSE: XYF), a leading online personal finance company in China, has announced an increase in its share repurchase program from US$15 million to US$20 million. This enhanced program is set to be effective until September 2023, aiming to boost shareholder value. The company's focus lies in connecting borrowers with institutional funding partners, utilizing advanced risk assessment technologies.

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.