1. X Financial's Q4 2024 revenues grew 43.3% YoY to RMB1.7 billion. 2. Net income doubled YoY, reaching RMB386 million in Q4 2024. 3. Delinquency rates improved for loan balances, indicating better asset quality. 4. The company plans 30% growth in loan volumes for 2025 amidst supportive policies. 5. AI investments are set to enhance operational efficiency and service quality.
The substantial revenue growth and net income increase signify strong operational performance. Historically, similar financial performance has led to positive share price movement.
The article details strong financial results and growth forecasts, crucial for investor confidence and stock price performance.
Anticipated growth in loan volumes and enhanced shareholder returns should support long-term stock appreciation.
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, 2024.
| Metric | Q4 2023 | Q3 2024 | Q4 2024 | YoY | Total Loan Amount for FY 2023 | Total Loan Amount for FY 2024 | YoY |
|---|---|---|---|---|---|---|---|
| Total loan amount facilitated and originated (RMB in million) | 26,134 | 28,338 | 32,297 | 23.6% | 105,557 | 104,889 | (0.6%) |
| Number of active borrowers | 1,603,760 | 1,965,248 | 2,120,068 | 32.2% | 4,495,997 | 5,231,887 | 16.4% |
| Metric | Q4 2023 | Q3 2024 | Q4 2024 | QoQ | YoY |
|---|---|---|---|---|---|
| Total net revenue | 1,192,664 | 1,582,497 | 1,708,722 | 8.0% | 43.3% |
| Total operating costs and expenses | (938,472) | (1,073,533) | (1,183,510) | 10.2% | 26.1% |
| Net income | 188,968 | 375,840 | 385,626 | 2.6% | 104.1% |
commented, "We are very pleased to conclude the year with outstanding operational and financial results in the fourth quarter. Total loan volumes exceeded our guidance for both the fourth quarter and the fiscal year. Our relentless efforts to improve asset quality, coupled with a favorable macroeconomic environment, resulted in impressive top and bottom lines growth. In the second half of 2024, the Chinese government implemented a series of monetary and fiscal measures to increase liquidity, stabilize key sectors such as real estate, and stimulate economic growth, which also benefited the personal finance market we serve, including reducing our funding costs. As a result, both our top and bottom lines grew significantly in the fourth quarter and the fiscal year, with net income in the quarter more than doubling year-over-year."
In the fourth quarter of 2024, the Company repurchased an aggregate of approximately 38.4 million Class A ordinary shares represented by 6.4 million ADSs for a total consideration of approximately US$49.0 million.
Pursuant to the semi-annual dividend policy, the Board today approved the declaration and payment of a semi-annual dividend of US$0.25 per ADS (approximately US$0.042 per ordinary share). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on June 20, 2025 (U.S. Eastern Daylight Time) will be entitled to the semi-annual dividend.
The Company expects the total loan amount facilitated and originated for the first quarter of 2025 to be between RMB33.5 billion and RMB34.5 billion. The total loan amount facilitated and originated for 2025 is expected to be between RMB134.4 billion and RMB138.4 billion. This forecast reflects the Company's current and preliminary views, which are subject to changes.
X Financial's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on March 20, 2025 (7:00 PM Beijing / Hong Kong Time on March 20, 2025). Dial-in details for the earnings conference call are as follows:
Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.