X Financial (XYF) has released an update.
X Financial, a prominent online finance firm in China, reported a significant growth in its loan facilitation and origination, with a yearly increase of 43.3% totaling RMB 105,557 million for 2023. The company also saw a 35.1% surge in active borrowers, reaching nearly 4.5 million in the same period. Despite these gains, the firm observed rising delinquency rates, suggesting potential challenges ahead.
For further insights into XYF stock, check out TipRanks’ Stock Analysis page.
