FinVolution(FINV)
Search documents
Bargain Buys: 3 Stocks Under $20 with Triple-Digit Growth Potential
InvestorPlace· 2024-03-04 20:09
If you’re on a budget but still wanting to develop your portfolio, check out these three bargain growth stocks under $20. In the stock market, there is no other charm like bargain-basement picks. Such hidden gems not only promise bargains, but deliver substantial growth and demonstrate resilience in the face of market fluctuations.Three stocks under $20 a share represent such hidden gems, each with the potential for triple-digit growth. These are not mere sticks of paper, after all; they are portfolios of p ...
FinVolution Remains A Long-Term Bullish Play
Seeking Alpha· 2024-02-08 04:59
GOCMEN Intro We wrote about FinVolution Group (NYSE:FINV) in July of last year when we went through the key financial trends & metrics that make up the company's dividend. In the company's short history, management has rewarded shareholders well through both an above-average dividend (encompassing strong growth levels) as well as significant share buybacks. Although earnings fell by approximately $0.20 per share in fiscal 2022, FinVolution's well-covered dividend, strong balance sheet, and expectation of a ...
Leapstack has raised nearly 200 million RMB in Series C+ Funding, building a diversified technological value chain for health insurance
Prnewswire· 2024-01-18 14:23
SHANGHAI, Jan. 18, 2024 /PRNewswire/ -- Leapstack, a prominent insurtech company, recently secured an impressive 200 million RMB yuan in Series C+ Funding, led by Qiming Venture Partners. The funding round also saw active participation from Soochow Yihe Capital, and existing shareholder Legend Capital, with exclusive financial advisory services provided by MountainView Capital. As a technology-driven enterprise, Leapstack specializes in cutting-edge digital solutions for medical insurance. The company offer ...
FinVolution(FINV) - 2023 Q3 - Earnings Call Transcript
2023-11-21 21:13
FinVolution Group (NYSE:FINV) Q3 2023 Results Conference Call November 20, 2023 7:30 PM ET Company Participants Jimmy Tan - Head, IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Alex Ye - UBS Yada Li - CICC Cindy Wang - China Renaissance Operator Hello, ladies and gentlemen. Thank you for participating in the Third Quarter 2023 Earnings Conference Call for FinVolution Group. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a ques ...
FinVolution(FINV) - 2023 Q4 - Annual Report
2023-11-20 16:00
FinVolution Group Reports Third Quarter 2023 Unaudited Financial Results -International transaction volume increased 99.1% year-over-year, contributing 18.3% of total revenue- -International revenue reached RMB584.8 million, a year-over-year increase of 67.3%- SHANGHAI, Nov. 20, 2023 /PRNewswire/ – FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the third quarter ended September 30, 2023. | --- | --- | --- | --- ...
FinVolution(FINV) - 2023 Q2 - Earnings Call Transcript
2023-08-29 18:04
FinVolution Group (NYSE:FINV) Q2 2023 Results Conference Call August 28, 2023 8:30 PM ET Company Participants Jimmy Tan - Head, IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Yada Li - CICC Frank Zheng - Credit Suisse Alex Ye - UBS Thomas Chong - Jefferies Cindy Wang - China Renaissance Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2023 Earnings Conference Call for FinVolution Group. [Operator Instructions] Today's conference call is being record ...
FinVolution(FINV) - 2023 Q3 - Quarterly Report
2023-08-28 16:00
Exhibit 99.1 FinVolution Group Reports Second Quarter 2023 Unaudited Financial Results -International transaction volume guidance for full-year 2023 raised to RMB7.7 billion, representing year-over-year growth of around 80.0%- -International transaction volume increased 100.0% year-over-year, contributing 16.3% of total revenue- -International revenue reached RMB502.5 million, a year-over-year increase of 112.1%- SHANGHAI, Aug. 28, 2023 /PRNewswire/ – FinVolution Group ("FinVolution," or the "Company") (NYS ...
FinVolution(FINV) - 2023 Q1 - Earnings Call Presentation
2023-05-18 04:01
| --- | --- | --- | --- | |-----------|-------|-------------------------------------------|-------| | | | | | | | | | | | | | FinVolution Group Investor Presentation | | | i l . · • | | May 2023 | | mmun Disclaimer This presentation has been prepared by FinVolution Group (the "Company") pursuant to Section 5(d) of the U.S. Securities Act of 1933, as amended (the "Securities Act") solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or ...
FinVolution(FINV) - 2023 Q1 - Earnings Call Transcript
2023-05-18 03:59
Financial Data and Key Metrics Changes - Total transaction volume increased by 9.3% year-over-year to reach RMB43.4 billion, while total outstanding loan balance rose by 15.8% year-over-year to RMB62.3 billion [7] - Net revenues for Q1 2023 rose to RMB3.1 billion, up 25% year-over-year, and net income reached RMB690 million, up 29% year-over-year [20] - Diluted net profit per ADS was RMB2.42, an increase of 34% year-over-year [20] - Cash position improved to over RMB7.8 billion, representing a 10% sequential increase [21] Business Line Data and Key Metrics Changes - Domestic transaction volume rose year-over-year to RMB141.8 billion, representing an increase of 8%, while total outstanding loan balance stood at RMB61.3 billion, up 15% year-over-year [15] - International loan volume decreased by 83% year-over-year to RMB1.57 billion, but outstanding balance grew 164% year-over-year to RMB0.95 billion [18] - International revenue reached RMB448 million, an increase of RMB163.6 million year-over-year, contributing around 15% of total revenue in Q1 [18] Market Data and Key Metrics Changes - The Purchasing Managers' Index showed improvements across various industries, but fell to 49.2% in April, indicating ongoing economic recovery challenges [13] - Total social financing amount grew by RMB14.5 trillion in Q1, but only RMB1.2 trillion in April, below market expectations [14] - In Indonesia, the Consumer Confidence Index remains high at 100 points, with GDP growth projected at 4.8% for 2023 [17] Company Strategy and Development Direction - The company is committed to its "Local Focus, Global Outlook" strategy, expanding its borrower base to 28 million across China, Indonesia, and the Philippines [7] - Continued investment in technology, with over RMB2 billion invested in the last five years, focusing on AI and data tools to enhance operational efficiency [7][8] - Plans to build an open-source model platform to improve intelligent marketing and customer service operations [8] Management Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding economic recovery, expecting growth to accelerate in the second half of 2023 [14][22] - The company plans to maintain a prudent approach to risk management, with expectations of vintage delinquency around 2.3% [15] - Anticipated transaction volume in China for Q2 2023 is around RMB45 billion, representing an 11% year-over-year increase [23] Other Important Information - The company achieved a strong loan collection recovery rate of 90% in Q1 [15] - The average borrowing rate was reduced to 22.7% in Q4, with funding costs optimized to 6.7% from 7.8% a year ago [15][20] - The company has returned US$458 million to shareholders through dividends and share repurchase programs [21] Q&A Session Summary Question: Loan pricing stability and vintage delinquency trends - Management indicated that the average borrowing rate was 23.7% in Q1, with expectations for future rates between 22% to 23% [26] - Vintage delinquency remained stable at 2.3%, with confidence in maintaining this level [27] Question: Domestic growth and take rate clarification - Management acknowledged that the recovery is below expectations but noted improvements in user demand metrics [31] - The reported take rate of 3.5% is specific to the domestic business, with higher rates expected in international markets [32] Question: Sustainability of high take rates in international markets - Management stated that the international take rate depends on pricing, funding costs, and risk performance, with expectations for adjustments based on borrower quality [36]
FinVolution(FINV) - 2023 Q2 - Quarterly Report
2023-05-17 16:00
Exhibit 99.1 1 FinVolution Group Reports First Quarter 2023 Unaudited Financial Results -Net revenue reached RMB3,050.6 million, representing a year-over-year increase of 24.7% - -International business revenue contribution reached 14.7% of total revenue for the first quarter through Local Focus, Global Outlook Strategy- SHANGHAI, May 17, 2023 /PRNewswire/ — FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the f ...