X Financial (XYF) has released an update.
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X Financial, a prominent online personal finance company in China, reported a 12.5% year-over-year increase in net revenue, reaching RMB 1,372.6 million in Q2 2024. The company also saw a rise in active borrowers to 1.64 million, a 11.4% increase from the previous year, despite a slight increase in loan delinquency rates. These positive financial results reflect a growing customer base and a strong performance amidst a dynamic market.
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