Welcome to our dedicated page for X Financial American Depositary Shares, each representing six news (Ticker: XYF), a resource for investors and traders seeking the latest updates and insights on X Financial American Depositary Shares, each representing six stock.
X Financial (NYSE: XYF) is a Cayman Islands-based technology-driven personal finance company headquartered in Shenzhen, China. Founded in 2014, X Financial provides a comprehensive suite of personal finance services, primarily targeting the Chinese market. The company operates an online marketplace that bridges borrowers and investors, offering a range of loan products and investment opportunities.
Core Business
At the heart of X Financial's operations is its Xiaoying Credit Loan mechanism, which includes the Xiaoying Card Loan, designed for credit card holders, and the Xiaoying Preferred Loan, aimed at small business owners. Additionally, the company offers the Xiaoying Housing Loan, a home equity loan product for property owners.
Through its Xiaoying Wealth Management platform, X Financial provides diversified investment products, including loans, money market investments, and insurance products. The platform aims to deliver competitive returns to its investors while maintaining a robust risk assessment and control system.
Financial Performance
In the recent quarters, X Financial has demonstrated robust financial performance. For instance, in the third quarter of 2023, the company reported a 56% year-over-year increase in total net revenue, reaching RMB1,397 million. The total loan amount facilitated and originated was RMB29 billion, a 49% increase year-over-year.
Partnerships and Technology
X Financial leverages proprietary big data-driven technology to enhance its loan facilitation services. The company has established strategic partnerships with numerous financial institutions, enabling it to offer loans to prime borrowers underpinned by a strong risk management framework.
Recent Developments
In 2023, X Financial expanded its share repurchase program and declared a special dividend, reflecting its commitment to returning value to shareholders. The company also announced several leadership changes to strengthen its executive team, ensuring sustained growth and operational efficiency.
Looking ahead, X Financial plans to continue its growth trajectory by focusing on enhancing shareholder value, tightening cost controls, and improving operational efficiency. The company remains committed to complying with regulatory requirements and maintaining high standards of financial consumer protection.
X Financial (NYSE: XYF) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 28, 2022. The comprehensive report, featuring audited consolidated financial statements, is accessible via the Company's investor relations website and the SEC’s site. Shareholders can request a hard copy of the report at no charge. X Financial continues to connect borrowers with institutional funding partners through its advanced technology, offering loans to prime borrowers while managing risks effectively.
X Financial (NYSE: XYF) reported strong financial results for Q4 and FY 2021. In Q4, total net revenue rose 15% to RMB823.4 million (US$129.2 million), with net income reaching RMB145.5 million (US$22.8 million), a significant turnaround from a net loss of RMB655.5 million in Q4 2020. For the full year, net income surged to RMB825.4 million (US$129.5 million) from a net loss of RMB1,308.5 million in 2020. The company also approved a US$15 million share repurchase plan, reinforcing its commitment to shareholder value amid anticipated regulatory clarity in 2022.
X Financial (NYSE: XYF), a prominent online personal finance company in China, will announce its unaudited financial results for Q4 and the fiscal year ending December 31, 2021, on March 31, 2022, before U.S. market open. An earnings conference call is scheduled for 7:00 AM ET on the same day. Investors can listen via phone or through a webcast on the company’s investor relations website. X Financial specializes in connecting borrowers with institutional funding partners using big data technology.
X Financial (NYSE: XYF) held its 2021 Annual General Meeting (AGM) on December 29, 2021, in Shenzhen, China. The meeting resulted in the approval of Mr. Kan Li as a new board director, replacing Mr. Ding Gao. X Financial operates as a leading online personal finance platform in China, connecting borrowers with institutional funding partners through proprietary technology. The company emphasizes a robust risk assessment system to facilitate loans to prime borrowers.
X Financial (NYSE: XYF) reported strong financial results for Q3 2021, with a total net revenue of RMB964.4 million (US$149.7 million), an increase of 72.3% year-over-year. The company achieved an income from operations of RMB410.6 million (US$63.7 million), reversing a loss of RMB101.4 million in Q3 2020. Net income attributable to shareholders was RMB279.9 million (US$43.4 million), compared to a net loss of RMB113.0 million in the same period last year. The loan facilitation amount reached RMB15.1 billion, up 87.9% year-over-year, driven primarily by the Xiaoying Card Loan products.
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.
FAQ
What is the current stock price of X Financial American Depositary Shares, each representing six (XYF)?
What is the market cap of X Financial American Depositary Shares, each representing six (XYF)?
What services does X Financial offer?
What are Xiaoying Credit Loan and Xiaoying Housing Loan?
How does X Financial generate revenue?
Where is X Financial headquartered?
What recent financial performance has X Financial reported?
What are the key partnerships of X Financial?
What recent strategic initiatives has X Financial undertaken?
How does X Financial manage risk?
What is the future outlook for X Financial?
How does X Financial support its borrowers and investors?
