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    X Financial (XYF)

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    X Financial (NYSE: XYF) is a leading online personal finance company in China that connects borrowers with institutional funding partners. The company leverages proprietary big data-driven technology to facilitate and originate loans for prime borrowers under a robust risk assessment and control system. X Financial offers a range of financial products and services, focusing on loan facilitation and post-origination services.

    1. Xiaoying Credit Loan - Facilitates personal loans for prime borrowers, leveraging big data technology to assess risk and connect with institutional funding partners.
    2. Financing Income - Generates revenue through interest income from loans facilitated and originated by the company.
    3. Post-origination Service - Provides cash processing and collection services for loans after origination.
    4. Other Revenue - Includes various additional services offered by the company.
    5. Guarantee Income - Manages default and prepayment risks associated with loans.
    NamePositionExternal RolesShort Bio

    Yue (Justin) Tang

    ExecutiveBoard

    CEO and Chairman

    None

    Founder of X Financial, responsible for overall business strategies and operations.

    View Report →

    Frank Fuya Zheng

    Executive

    CFO

    Independent Non-executive Director at Newegg Commerce, Inc. (NASDAQ: NEGG)

    CFO since August 2020, overseeing financial operations and compliance. Previously CFO at Cogo Group, Inc. and VP at eLong.com.

    Yufan (Jason) Jiang

    Executive

    Chief Risk Officer

    None

    Joined XYF in 2015, appointed Chief Risk Officer in November 2023. Over 10 years of experience in personal credit, database management, and risk strategy development.

    Longgen Zhang

    Board

    Independent Director

    CEO at Daqo New Energy Corp., Independent Non-Executive Director at ZZ Capital International Limited, Director at JinkoSolar Holding Co., Ltd.

    Independent Director since September 2018. Former CFO at JinkoSolar and Xinyuan Real Estate. Holds master's degrees in Professional Accounting and Business Administration.

    Shaoyong (Simon) Cheng

    Board

    Non-executive Director

    None

    Joined XYF in 2015. Previously Vice Chairman, Executive Director, President, and Chief Risk Officer. Held senior roles at Bank of Communications, HSBC, Hang Seng Bank, and Capital One.

    Zheng Xue

    Board

    Independent Director

    Independent Director at Yingli Solar (YGE)

    Independent Director since September 2018. Chairman of the Audit Committee since May 2024. Holds a bachelor's degree in physics and an MBA.

    1. Your total net revenue increased by 13% year-over-year in Q3 2024, but origination and servicing expenses and borrower acquisitions and marketing expenses also increased by 14% and 21% respectively ; how do you plan to manage these rising costs to ensure sustained profitability?

    2. Despite implementing share repurchase programs totaling USD 50 million, you've indicated challenges in executing buybacks due to low trading volume ; what strategic measures are you considering to overcome this limitation and enhance shareholder value?

    3. You've raised your guidance for Q4, expecting monthly loan volumes to exceed RMB 10 billion, setting a new record ; given the current economic conditions and regulatory environment in China, what factors give you confidence in achieving these targets?

    4. Your stock is trading at just over 1x earnings, significantly lower than your peers who trade at 3-5x earnings ; what steps are you taking to address this valuation gap and better communicate your company's value to investors?

    5. With borrower acquisition and marketing expenses increasing by 21% year-over-year due to intensified efforts , how sustainable is this approach, and what strategies are in place to optimize acquisition costs while maintaining asset quality?

    Recent press releases and 8-K filings for XYF.

    X Financial Reports Q4 2024 Earnings Results
    XYF
    Earnings
    Dividends
    Share Buyback
    • Loan volume growth: In Q4 2024, total loan volumes reached RMB 32 billion—a 24% year-over-year increase—with full-year volumes at RMB 104.9 billion, reflecting strong underwriting and risk management.
    • Revenue and profitability surge: Q4 net revenue increased 43% to RMB 1.7 billion and net income jumped 104% to RMB 386 million, with full-year revenue and net income at RMB 5.9 billion and RMB 1.5 billion respectively.
    • Shareholder returns and capital strategy: The company returned approximately USD 76 million to shareholders through dividends and share repurchases, and indicated a stronger emphasis on buybacks in 2025.
    • Strategic initiatives: Management highlighted ongoing investments in AI technology and efforts to deepen engagement with U.S. capital markets, aiming to enhance future growth and profitability.
    Mar 20, 2025, 11:01 AM
    X Financial announces Q4 2024 earnings results
    XYF
    Earnings
    Revenue Acceleration/Inflection
    • Loan portfolio expanded with a total outstanding balance reaching 52,327 mn RMB and 32,297 mn RMB in new loan facilitation during Q4 2024.
    • Financial performance in Q4 2024 included a total net revenue of 1,709 mn RMB, an operating margin of 30.7%, and a GAAP net income of 385,626 RMB thousand.
    • The company maintained its 100% institutional funding model and diversified partnerships, supported by robust risk management practices.
    Mar 20, 2025, 11:00 AM
    X Financial Reports Q4 and FY 2024 Financial Results
    XYF
    Earnings
    Revenue Acceleration/Inflection
    Guidance Update
    • Q4 Highlights: Total loan amount facilitated reached RMB32,297 million (up 23.6% YoY) with active borrowers at 2,120,068, and Q4 net revenue increased to RMB1,708.7 million (up 43.3% YoY), while net income more than doubled to RMB385.6 million.
    • Full Year Performance: Fiscal Year 2024 net revenue increased by 22% to RMB5,871.8 million, and net income rose by 29.8% to RMB1,539.9 million.
    • Improved Asset Quality & Operational Efficiency: Delinquency rates improved (31-60 day rate at 1.17% and 91-180 day rate at 2.48%), reflecting enhanced risk management and a favorable macroeconomic environment.
    • Outlook and Strategic Initiatives: Management projected a 30% increase in total loan volumes for 2025 and announced investments in AI applications to boost operational efficiency and customer service.
    Mar 19, 2025, 8:50 PM
    X Financial Reports Q4 and FY2024 Unaudited Results
    XYF
    Earnings
    Share Buyback
    Dividends
    • Q4 Performance: The company’s total loan amount facilitated and originated reached RMB32,297 million in Q4 2024 (up from RMB26,134 million in Q4 2023) with a significant increase in active borrowers, indicating robust lending activity.
    • Asset Quality Improvement: Delinquency rates improved with loans past due 31-60 days declining to 1.17% and those past due 91-180 days declining to 2.48% at the end of Q4 2024, reflecting enhanced risk management.
    • Fiscal Year Growth: For FY2024, the company reported a 22% increase in net revenue (RMB5,871.8 million) and a 29.8% increase in net income (RMB1,539.9 million), underscoring significant overall financial growth.
    • Capital Actions and Guidance: The document noted a Q4 share repurchase of approximately 38.4 million Class A ordinary shares and announced a semi-annual dividend of US$0.25 per ADS, with future loan volumes expected to grow, driving optimism for Q1 2025.
    Mar 19, 2025, 12:00 AM