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FinVolution Group (FINV) Q2 2024 Earnings Conference Call Transcript
Seeking Alpha· 2024-08-21 04:11
FinVolution Group (NYSE:FINV) Q2 2024 Earnings Conference Call August 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Cindy Wang - China Renaissance Yada Li - CICC Alex Ye - UBS Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2024 Earnings Conference Call for FinVolution Group. At this time, all participants are in listen-only mode. After managements' prepared remarks, there will be a ques ...
FinVolution(FINV) - 2024 Q2 - Earnings Call Transcript
2024-08-21 04:11
FinVolution Group (NYSE:FINV) Q2 2024 Earnings Conference Call August 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Cindy Wang - China Renaissance Yada Li - CICC Alex Ye - UBS Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2024 Earnings Conference Call for FinVolution Group. At this time, all participants are in listen-only mode. After managements' prepared remarks, there will be a ques ...
FinVolution Group Reports Second Quarter 2024 Unaudited Financial Results
Prnewswire· 2024-08-20 22:30
-H1 China Transaction Volume reached RMB92.5 billion, up 6.0% year-over-year--H1 International Transaction Volume reached RMB4.5 billion, up 32.4% year-over-year--H1 International Revenues increased to RMB1,157.7 million, up 21.9% year-over-year and contributing 18.3% of total net revenues-SHANGHAI, Aug. 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 20 ...
FinVolution Group to Report Second Quarter 2024 Financial Results on Tuesday, August 20, 2024
Prnewswire· 2024-08-06 10:00
-Earnings Call Scheduled for 8:30 p.m. ET on August 20, 2024-SHANGHAI, Aug. 6, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its second quarter 2024 unaudited financial results, on Tuesday, August 20, 2024, after the close of U.S. markets.The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on August 20, 2024 (8:30 AM Beijing/Hong Kong Time on August 21, 2024).Dial- ...
FinVolution Publishes Sixth Annual ESG Report
Prnewswire· 2024-07-22 07:00
SHANGHAI, July 22, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced it has released its 2023 Environmental, Social, and Governance (ESG) report, the Company's sixth consecutive annual ESG report. The report provides a comprehensive overview of FinVolution's ESG priorities and endeavors in 2023, reaffirming the Company's long-standing commitment to sustainability and fulfilling corporate social responsibility with innovative, g ...
Innovating Security: How FinVolution is Taking Next-Generation Technologies to Fight Deepfake-Driven Financial Crimes
Prnewswire· 2024-07-02 07:40
SHANGHAI, July 2, 2024 /PRNewswire/ -- Deepfake technology, an artificial intelligence tool capable of generating convincingly fake audio and video, is increasingly being used to perpetrate financial crimes worldwide, raising serious concerns about sophisticated fraud.In a notable incident reported by CNN earlier this year, a finance worker was tricked into transferring $25 million during a video call with an individual posing as the company's chief financial officer (CFO), who was actually a deepfake. Such ...
FinVolution Group Wins Asian Banker's Award for "Best Consumer Lending Technology Implementation in China"
Prnewswire· 2024-06-24 05:07
SHANGHAI, June 24, 2024 /PRNewswire/ -- FinVolution Group, a leading fintech company, has been awarded the "Best Consumer Lending Technology Implementation in China" alongside CITIC Consumer Finance at the Asian Banker China Awards 2024. This award acknowledges FinVolution's dedication to providing innovative technology to financial institution partners.The Asian Banker Awards are known for their rigorous and transparent evaluation process within China's financial industry. This year, the awards received ov ...
FinVolution's Philippines Subsidiary Cooperates with Maya Bank, Boosting Credit Accessibility
Prnewswire· 2024-06-20 09:00
SHANGHAI, June 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial subsidiaries Wefund Lending Corporation and Lightning Financing Company entered into a loan facilitation agreement totaling 2.75 billion Peso (US$47.5 million) with Maya Bank, a pioneering digital bank dedicated to empowering the experience of its consumers and enterprise clients, and improve credit accessibility for the unbanked ...
FinVolution: Appealing Shareholder Yield Is Overshadowed By Downside Risks
Seeking Alpha· 2024-06-18 17:05
imtmphoto/iStock via Getty Images Elevator Pitch I have a Hold rating for FinVolution Group (NYSE:FINV) stock. My earlier November 23, 2023 write-up was focused on the review of FinVolution's financial results for the third quarter of last year. The current update highlights the risks associated with FINV's 2024 performance, and the stock's shareholder capital return outlook. I continue to assign a Hold rating to FinVolution. The stock's potential FY 2024 shareholder yield at the teens percentage level ...
信也科技:盈利环比企稳,Take rate呈回升势头
交银国际证券· 2024-05-21 08:02
交银国际研究 公司更新 收盘价 目标价 潜在涨幅 美元 5.16 美元 6.30 +22.1% 金融科技 2024 年 5 月 16 日 信也科技 (FINV US) 盈利环比企稳, Take rate 呈回升势头 盈利环比企稳。信也科技1Q24归母净利润为5.28亿元(人民币,下同), 同比下降 24.2%,环比增长 0.6%,基本符合预期。同比看,净收入同比增 长 3.8%,但拨备费用同比增长 13%(去年同期有 1.8 亿回拨),使得盈利 同比降幅较大;环比看,净收入环比下降 1.8%,主要由于促成贷款环比 下降 7.8%,但管理费用和营销费用环比下降,税前利润环比增长 13.6%, 由于 4Q23 所得税率受一次性因素影响偏低,盈利环比略增 0.6%。 公司维持促成贷款增速的全年指引。1Q24 促成贷款同比增长 11%,其中 內地/国际市场同比分别增长 10%/40%,贷款余额同比增长 4.9%。国际业 务占促成贷款的 4.6%,同比提高 1 个百分点,占收入比重为 18.8%,同比 提高 4 个百分点。菲律宾市场业务增长强劲,促成贷款同比+194%/环比 +27%,占国际业务比重达25%。公司仍维持 ...