Investment Rating - The report maintains a "Buy" rating for the company [4][3]. Core Views - The company is expected to benefit from improved risk indicators and an acceleration in loan facilitation growth, with a projected 11% quarter-on-quarter profit growth in Q4 2024 [3]. - The target price has been raised from $6.30 to $7.20, indicating a potential upside of 19.4% [3][10]. Summary by Sections Financial Performance - In Q3 2024, the company's net profit attributable to shareholders reached 624 million RMB, marking a 10% year-on-year increase and a 13% quarter-on-quarter increase [1]. - The net income for Q3 grew by 2.5% year-on-year and 3.4% quarter-on-quarter, while expenses increased by 2.7% year-on-year and 4.1% quarter-on-quarter [1]. Loan Facilitation Growth - Loan facilitation in Q3 grew by 1.8% year-on-year, with domestic and international markets growing by 0.8% and 22% respectively [2]. - The company maintains its annual guidance for loan facilitation growth at 5-10% for the domestic market and 20-40% for the international market [2]. International Business Expansion - The international business accounted for 5.2% of loan facilitation in Q3, with revenue contribution rising to 19.4%, up 1.1 percentage points year-on-year [2]. - The company aims for international business to represent 50% of revenue by 2030 [2]. Risk Indicators - The 90-day delinquency rate improved to 2.5%, a decrease of 15 basis points quarter-on-quarter, while the collection rate increased to 88.5%, up 50 basis points [2]. Financial Projections - The company forecasts a 2.3% year-on-year profit growth in 2024, with net income expected to reach 2,394 million RMB [7]. - The projected revenue for 2024 is 13,019 million RMB, reflecting a 3.8% year-on-year growth [7].

Financial Data and Key Metrics Changes - For Q3 2024, net revenue reached RMB 3.3 billion, marking a 3% increase year-over-year and sequentially [10] - Net income was RMB 624 million, representing a 9% year-over-year increase and a 13% sequential increase [10] - Total transaction volume reached RMB 52.2 billion, while total outstanding loan balance reached RMB 68.1 billion, up 1.8% and 3.3% year-over-year, respectively [4][6] Business Line Data and Key Metrics Changes - The number of new borrowers in international markets reached 671,000, up 60% year-over-year and 43% quarter-over-quarter [4] - International transaction volume for the first nine months of the year reached RMB 7.2 billion, up 29% year-over-year [7] - Revenue contribution from international markets grew to RMB 636 million, representing 19% of total revenues [7] Market Data and Key Metrics Changes - In China, transaction volume for the first nine months of 2024 reached RMB 142 billion, up over 4% year-over-year [6] - The Philippines saw a transaction volume growth of 137% year-over-year, contributing about 32% to international transaction volume for the quarter [9] - In Indonesia, transaction volume increased by 11% in Q3, marking one of the best performing quarters [8] Company Strategy and Development Direction - The company aims to achieve 50% of its revenue from international markets by 2030, with international revenue contribution expected to reach around 20% in 2024 [3] - A focus on technological innovation and customer acquisition strategies is emphasized to enhance market penetration and operational efficiency [5][6] - The company is expanding its partnerships with local financial institutions in international markets to strengthen its operational capabilities [8][19] Management's Comments on Operating Environment and Future Outlook - Management anticipates sustainable improvements in the fourth quarter due to broader-than-expected stimulus measures announced in late September [2] - The company remains confident in its ability to navigate challenges and achieve long-term sustainable growth through its local excellence and global outlook strategy [5][11] - Management highlighted the importance of maintaining high-quality borrower acquisition to support continued growth [12][14] Other Important Information - The company has returned a total of USD 686.1 million to shareholders through share repurchases and dividends since 2018, underscoring its commitment to enhancing shareholder value [22][23] - The company has integrated advanced technologies into its operations, including solutions to combat fraud, which have improved loan collection recovery rates [5][6] Q&A Session Summary Question: What drove the loan volume pickup during the quarter in China? - Management noted that customer demand increased by approximately 12% and the number of new customers grew by 14%, reaching 400,000 [12][14] Question: Expectations for the Indonesian business to start generating meaningful profits? - Management indicated that after adjustments, transaction volume in Indonesia resumed growth, and they expect to see more meaningful profits in 2025 [15][19] Question: Strategy for customer acquisition in Indonesia and the Philippines? - Management highlighted the establishment of partnerships with local financial institutions and the importance of adapting to local market conditions to enhance customer acquisition [18][19]

Exhibit 99.1 FinVolution Group Reports Third Quarter 2024 Unaudited Financial Results -Third Quarter Total Transaction Volume reached RMB52.2 billion, up 1.8% year-over-year- -Third Quarter International Transaction Volume reached RMB2.7 billion, up 22.7% year-over-year- -Third Quarter International Revenues increased to RMB635.5 million, up 8.7% year-over-year, contributing 19.4% of total net revenues- SHANGHAI, November 18, 2024 /PRNewswire/ – FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV ...

-Third Quarter Total Transaction Volume reached RMB52.2 billion, up 1.8% year-over-year--Third Quarter International Transaction Volume reached RMB2.7 billion, up 22.7% year-over-year--Third Quarter International Revenues increased to RMB635.5 million, up 8.7% year-over-year, contributing 19.4% of total net revenues-SHANGHAI, Nov. 18, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced its u ...

-Earnings Call Scheduled for 7:30 p.m. ET on November 18, 2024-SHANGHAI, Nov. 5, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its third quarter 2024 unaudited financial results, on Monday, November 18, 2024, after the close of U.S. markets.The Company's management will host an earnings conference call at 7:30 PM U.S. Eastern Time on November 18, 2024 (8:30 AM Beijing/Hong Kong Time on November 19, 2024) ...

SHANGHAI, Oct. 29, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Indonesian financial application, AdaKami, has entered into a strategic funding agreement with PT Super Bank Indonesia, a leading digital-focused bank in Indonesia. Under the terms of the agreement, Superbank will provide AdaKami with a funding facility of 500.0 billion Rupiah (approximately US$32.0 million). This funding arrangement highlights AdaKam ...

FINV.us (信也科技) experienced a notable stock price surge, rising by 5.02%. The stock is currently trading at $6.69 per share with a trading volume of 1.07369 million shares, reflecting a turnover rate of 0.41% and an amplitude of 3.06%.Recent financial reports revealed that the company achieved a revenue of $437 million, a net profit of $76.10 million, and earnings per share (EPS) of $0.29. The price-to-earnings (P/E) ratio stands at 6.03. Among the nine institutions rating the stock, 89% recommend buying, an ...

I am bullish on FinVolution Group (NYSE: FINV ) due to its diverse market reach, technological adoption , and risk management strategies. These three aspects, in my opinion, position this organization strategically in the Fintech market to capitalize onI am an experienced financial analyst and a former writer for Fade The Market on Seeking Alpha, with a passion for numbers and a knack for unraveling complex financial data. Armed with a strong financial modeling and data analysis background, I thrive on prov ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of $6.30, indicating a potential upside of 10.5% from the current price of $5.70 [2][8]. Core Insights - The company's earnings remain stable, with a projected net profit growth of 2.3% year-on-year for 2024. The take rate is expected to improve in the second half of the year [2][3]. - The company has maintained its full-year guidance, anticipating an acceleration in loan facilitation growth in the second half of the year, with a target growth rate of 5-10% for mainland China and 20-40% for international markets [1][2]. - The take rate for mainland China business is currently at 3.1%, showing a slight increase, primarily due to a decrease in funding costs. The average loan pricing remains stable at 22.2% [1][2]. Financial Performance Summary - For Q2 2024, the company reported a net profit of 550 million RMB, a year-on-year decrease of 6.6% but a quarter-on-quarter increase of 4.4%. Net revenue grew by 3.0% year-on-year [1][3]. - The company expects to achieve a net income of 13,019 million RMB in 2024, reflecting a year-on-year growth of 3.8% [3][9]. - The projected net profit for 2024 is 2,394 million RMB, with a year-on-year increase of 2.3% [2][3]. Loan Facilitation and Market Insights - Loan facilitation in Q2 2024 grew by 3.0% year-on-year, with mainland China and international markets growing by 2.0% and 27.8%, respectively [1][5]. - The company has seen improvements in risk indicators, with a 90-day delinquency rate of 2.65%, which is a slight increase but reflects earlier improvements in risk metrics [1][5]. Valuation Metrics - The company is projected to have a price-to-earnings (P/E) ratio of 4.5 in 2024, decreasing to 3.7 by 2026, indicating a potentially attractive valuation [3][9]. - The projected dividend yield for 2024 is 4.4%, increasing to 5.3% by 2026, which enhances shareholder returns [3][9].

Exhibit 99.1 1 FinVolution Group Reports First Quarter 2024 Unaudited Financial Results -First Quarter China Transaction Volume reached RMB46.1 billion, up 10.3% year-over-year- -First Quarter International Transaction Volume reached RMB2.21 billion, up 40.8% year-over-year- -First Quarter International Revenues increased to RMB594.8 million, up 32.9% year-over-year and contributing 18.8% of total net revenues- SHANGHAI, May 15, 2024 /PRNewswire/ – FinVolution Group ("FinVolution" or the "Company") (NYSE: F ...