1. 2024 transaction volume reached RMB206.2 billion, up 6.1% year-over-year. 2. International revenues exceeded RMB2.5 billion, up 18.5% year-over-year. 3. Net revenues for Q4 2024 were RMB3.5 billion, representing a 7.2% increase. 4. Share repurchases totaled about US$90.2 million in 2024, a strong shareholder return. 5. Company expects 2025 revenue growth of 10%-15%, showing optimism.
Consistent revenue growth and strong international performance may increase investor confidence. Historical data indicates stock price may rise with similar positive trends.
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Immediate market reactions can follow quarterly earnings reports, impacting stock price quickly.
- Full Year 2024 Transaction Volume reached RMB206.2 billion, up 6.1% year-over-year -
- Full Year 2024 International Transaction Volume exceeded RMB10.1 billion, up 27.8% year-over-year -
- Full Year International Revenues reached RMB2.5 billion, up 18.5% year-over-year and representing 19.4% of total net revenues -
SHANGHAI, March 17, 2025 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.
| 指标 | 2023 | 2024 | YoY Change |
|---|---|---|---|
| Total Transaction Volume (RMB in billions) | 52.4 | 56.9 | 8.6 % |
| Transaction Volume (China's Mainland) | 50.1 | 54.0 | 7.8 % |
| Transaction Volume (International) | 2.3 | 2.9 | 26.1 % |
Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution, commented, "Through strong execution of our Local Excellence, Global Outlook strategy, we successfully navigated 2024's challenges and continued to deliver progressive growth in the China market while driving rapid growth in the international markets. Cumulatively, we served 33.8 million borrowers with an increase of 3.9 million new borrowers across all our markets."
Net revenue for the fourth quarter of 2024 was RMB3,456.7 million (US$473.6 million), compared with RMB3,223.6 million for the same period of 2023. This increase was primarily due to the increase in loan facilitation service fees and other revenue.
Income tax expense was RMB133.1 million (US$18.2 million) for the fourth quarter of 2024, compared with RMB51.6 million for the same period of 2023. This increase was mainly due to the increase in pre-tax profit and the change in effective tax rate.
For the full year of 2024, the Company deployed a total of US$90.2 million to repurchase its own Class A ordinary shares in the form of ADSs in the market. As of December 31, 2024, in combination with the Company's historical and existing share repurchase programs, the Company had cumulatively repurchased its own Class A ordinary shares in the form of ADSs with a total aggregate value of approximately US$370.0 million since 2018.
While the macroeconomic recovery continued to gain traction with pockets of improvement since the beginning of 2024, uncertainties persist in the markets in which we operate. The Company expects its full-year 2025 total revenue guidance to be in the range of approximately RMB14.4 billion to RMB15.0 billion, representing year-over-year growth of approximately 10.0% to 15.0%.
For more information, please visit FinVolution Group Investor Relations.