Exhibit 99.1 X Financial Reports Second Quarter 2024 Unaudited Financial Results SHENZHEN, China, August 21, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Operational Highlights | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|--------------------------------------------|------- ...

SHENZHEN, China, Aug. 21, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial results for the second quarter ended June 30, 2024.Second Quarter 2024 Operational HighlightsThree Months Ended June 30, 2023 Three Months Ended March 31, 2024 Three Months Ended June 30, 2024 QoQ YoY Total loan amount facilitated and originated (RMB in million) 25,874 21,505 22,749 5.8 % (12.1 %) Number of active borrower ...

SHENZHEN, China, Aug. 13, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company"), a leading online personal finance company in China, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024, before the open of U.S. markets on Thursday, August 22, 2024.X Financial's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Thursday, August 22, 2024 (7:00 PM Beijing / Hong Kong Time on the same day).Dial-in details for t ...

SHENZHEN, China, July 15, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, announced today the results of its previously announced tender offer (the "Tender Offer") to purchase up to 2 million American Depositary Shares (the "ADSs") of the Company, each representing six Class A ordinary shares, par value $0.0001 per share, at a price of $4.52 per ADS, less any applicable withholding taxes, less a cancellation fee of $0.05 per ADS accep ...

SHENZHEN, China, June 5, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, announced today that it has commenced a tender offer (the "Tender Offer") to purchase up to 2 million American Depositary Shares (the "ADSs") of the Company, each representing six Class A ordinary shares, par value $0.0001 per share, at a price of $4.52 per ADS (the "Purchase Price"), less any applicable withholding taxes, less a cancellation fee of $0.05 per ADS ...

Financial Data and Key Metrics Changes - In Q1 2024, total loan amount facilitated decreased by 11% year-over-year and 18% quarter-over-quarter to RMB 22 billion, aligning with company guidance [4] - Total outstanding loan balance was RMB 44 billion at the end of March 2024, with delinquency rates for loans past due for 31 to 60 days and 91 to 180 days at 1.61% and 4.37%, respectively, compared to 1.05% and 2.4% a year ago [5] - Total net revenue increased by 20% year-over-year and 1% quarter-over-quarter to RMB 1.2 billion, while net income rose by 28% year-over-year and 92% quarter-over-quarter to RMB 363 million [6][10] Business Line Data and Key Metrics Changes - Origination and servicing expenses increased by 15% to RMB 427 million, primarily due to increased collection expenses [9] - Borrower acquisition and marketing expenses decreased by 9% to RMB 248 million, attributed to lower borrower acquisition costs [9] - Provision for loan receivables was RMB 62 million, up from RMB 20 million in the same period of 2023, due to an increase in loan receivables held by the company [9] Market Data and Key Metrics Changes - The overall loan demand in the Chinese economy is stable or slightly declining, with major banks reporting decreased loan volumes and profits [13] - The company’s loan portfolio remains at an elevated risk level, although there was some stabilization compared to the previous quarter [14] Company Strategy and Development Direction - The company continues to implement a strategy of dynamically adjusting loan volumes based on asset quality dynamics, which has proven effective in securing profitability [4] - A new share repurchase program has been authorized for up to $20 million, effective from January 1, 2024, to November 30, 2025, indicating confidence in long-term shareholder value creation [8] - The company expects total loan amount facilitated and originated for 2024 to be around RMB 100 billion, with Q2 expectations between RMB 23 billion and RMB 24.5 billion [7][10] Management Comments on Operating Environment and Future Outlook - The Chinese economy is facing challenges, with a deflationary environment impacting loan demand [13] - The regulatory environment remains stable with no significant new developments reported [16] Other Important Information - The company has combined borrower acquisition costs from origination and service expenses into a clearer breakdown for investors [7] Q&A Session Summary Question: Insights on the Chinese economy's impact on loan volumes and outlook - The Chinese economy is facing challenges, with stable or slightly declining loan demand, and major banks reporting decreased loan volumes and profits [13] Question: Regulatory environment outlook - The regulatory environment is stable with no significant new developments in the quarter [16]

SHENZHEN, China, May 30, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Operational Highlights Three Months Ended March 31, 2023 Three Months Ended December 31, 2023 Three Months Ended March 31, 2024 QoQ YoY Total loan amount facilitated and originated (RMB in million) 24,088 26,134 21,505 (17.7 %) ...

SHENZHEN, China, May 24, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company"), a leading online personal finance company in China, today announced that it has rescheduled the release of its unaudited financial results for the first quarter ended March 31, 2024 to Friday, May 31, 2024, before the open of U.S. markets.X Financial's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Friday, May 31, 2024 (7:00 PM Beijing / Hong Kong Time on the same day).Dial-in detail ...

SHENZHEN, China, May 23, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company"), a leading online personal finance company in China, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2024, before the open of U.S. markets on Wednesday, May 29, 2024.X Financial's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Wednesday, May 29, 2024 (7:00 PM Beijing / Hong Kong Time on the same day).Dial-in details for the ea ...

SHENZHEN, China, April 29, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company"), a leading online personal finance company in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 29, 2024. The annual report can be accessed on the Company's investor relations website at https://ir.xiaoyinggroup.com as well as the SEC's website at https://www.sec.gov. The Company will provide a hard copy ...