X Financial ( (XYF) ) has provided an update.
X Financial reported its unaudited financial results for the fourth quarter and fiscal year 2024, showing significant growth in its operations. The total loan amount facilitated and originated in Q4 2024 was RMB32,297 million, a 23.6% increase from the same period in 2023. The number of active borrowers also rose to 2,120,068, marking a 32.2% year-over-year increase. The company’s total net revenue for Q4 2024 increased by 43.3% to RMB1,708.7 million, while net income more than doubled to RMB385.6 million compared to the previous year. These results indicate a strong operational performance and improved financial health, positioning X Financial favorably in the personal finance industry.
More about X Financial
X Financial is a leading online personal finance company based in Shenzhen, China. The company focuses on facilitating and originating loans, serving a large number of active borrowers through its platform.
YTD Price Performance: 55.65%
Average Trading Volume: 71,089
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $647.2M
Learn more about XYF stock on TipRanks’ Stock Analysis page.