PR Newswire
SHENZHEN, China, March 26, 2024
SHENZHEN, China, March 26, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
Fourth Quarter and Fiscal Year 2023 Operational Highlights
| Three Months | Three Months | Three Months | | | Twelve Months | Twelve Months | |
| QoQ | YoY | YoY | |||||
Total loan amount facilitated and | 21,700 | 29,462 | 26,134 | (11.3 %) | 20.4 % | 73,655 | 105,557 | 43.3 % |
Number of active borrowers | 1,370,496 | 1,809,815 | 1,603,760 | (11.4 %) | 17.0 % | 3,326,774 | 4,495,997 | 35.1 % |
| As of December 31, 2022 | As of September 30, 2023 | As of December 31, 2023 |
Total outstanding loan balance (RMB in million) | 37,992 | 49,685 | 48,847 |
Delinquency rates for all outstanding loans that are past | 1.02 % | 1.11 % | 1.57 % |
Delinquency rates for all outstanding loans that are past | 1.93 % | 2.50 % | 3.12 % |
[1] Represents the total amount of loans that the Company facilitated and originated during the relevant period. [2] Represents borrowers who made at least one transaction on the Company's platform during the relevant period. [3] Represents the total amount of loans outstanding for loans that the Company facilitated and originated at the end of the relevant period. Loans that are delinquent for more than 60 days are charged-off and are excluded in the outstanding loan balance, except for Xiaoying Housing Loan. As Xiaoying Housing Loan is a secured loan product and the Company is entitled to payment by exercising its rights to the collateral, the Company does not exclude Xiaoying Housing Loan delinquent for more than 60 days in the outstanding loan balance. [4] Represents the balance of the outstanding principal and accrued outstanding interest for loans that were 31 to 60 days past due as a percentage of the total balance of outstanding principal and accrued outstanding interest for loans that the Company facilitated and originated as of a specific date. Loans that are delinquent for more than 60 days are charged-off and excluded in the calculation of delinquency rate by balance. Xiaoying Housing Loan was launched in 2015 and ceased in 2019, and all the outstanding loan balance of housing loan as of December 31, 2022, September 30, 2023 and December 31, 2023 were overdue more than 60 days. To make the delinquency rate by balance comparable, the Company excludes Xiaoying Housing Loan in the calculation of delinquency rate. [5] To make the delinquency rate by balance comparable to the peers, the Company also defines the delinquency rate as the balance of the outstanding principal and accrued outstanding interest for loans that were 91 to 180 days past due as a percentage of the total balance of outstanding principal and accrued outstanding interest for the loans that the Company facilitated and originated as of a specific date. Loans that are delinquent for more than 180 days are excluded in the calculation of delinquency rate by balance, except for Xiaoying Housing Loan. All the outstanding loan balance of housing loan as of December 31, 2022, September 30, 2023 and December 31, 2023 were overdue more than 180 days. To make the delinquency rate by balance comparable, the Company excludes Xiaoying Housing Loan in the calculation of delinquency rate. |
Fourth Quarter 2023 Financial Highlights
(In thousands, except for share and per share data) | Three Months | Three Months | Three Months | QoQ | YoY |
| RMB | RMB | RMB | | |
Total net revenue | 955,640 | 1,396,864 | 1,192,664 | (14.6 %) | 24.8 % |
Total operating costs and expenses | (681,687) | (962,120) | (938,472) | (2.5 %) | 37.7 % |
Income from operations | 273,953 | 434,744 | 254,192 | (41.5 %) | (7.2 %) |
Net income | 274,639 | 347,190 | 188,968 | (45.6 %) | (31.2 %) |
Non-GAAP adjusted net income | 277,939 | 374,507 | 230,782 | (38.4 %) | (17.0 %) |
| | | | | |
Net income per ADS—basic | 5.28 | 7.26 | 3.90 | (46.3 %) Werbung Mehr Nachrichten zur X Financial Ltd. Aktie kostenlos abonnieren
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