X Financial (NYSE:XYF) Q3 2022 Results Conference Call November 17, 2022 7:00 AM ET Company Participants Tanya Wen - Investor Relations Kan Li - President Frank Fuya Zheng - Chief Financial Officer Conference Call Participants Operator Hello, and welcome to the X Financial Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Victoria Yu. Please go ahead. U ...

X Financial (NYSE:XYF) Q2 2022 Earnings Conference Call August 9, 2022 7:00 AM ET Company Participants Tanya Wen - Investor Relations Kan Li - President Frank Fuya Zheng - Chief Financial Officer Conference Call Participants Mason Bourne - AWH Capital Operator Hello and welcome to the X Financial Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. After today’s presentation there will be an opportunity to ask question. Note, this event is being recorded. I would now ...

Financial Data and Key Metrics Changes - The total loan amount facilitated and provided in Q1 2022 reached RMB 15 billion, up 40% year-over-year and 17% quarter-over-quarter [6] - Total net revenue decreased by 2% to RMB 888 million from RMB 906 million in the same period of 2021 [11] - Income from operations was RMB 314 million, compared to RMB 251 million in the same period of 2021 [12] - Net income was RMB 140 million compared to RMB 189 million in the same period of 2021 [12] - Non-GAAP adjusted net income was RMB 154 million compared to RMB 212 million in the same period of 2021 [12] Business Line Data and Key Metrics Changes - The delinquency rates for all outstanding loans that are past due for 31 to 60 days decreased to 1.31% from 1.48% as of December 31, 2021 [6] - Origination and servicing expenses decreased by 19% to RMB 465 million from RMB 573 million in the same period of 2021 [11] - Provision for accounts receivable and contract assets was RMB 26 million, compared with RMB 17 million in the same period of 2021 [12] - Provision for loans receivable was RMB 34 million compared with RMB 27 million in the same period of 2021 [12] Market Data and Key Metrics Changes - The company is actively exploring new opportunities in the personal financing market, particularly through partnerships with licensed financial institutions [7] - The Chinese government has emphasized the importance of promoting the healthy development of the platform economy, which is expected to benefit market participants [8] Company Strategy and Development Direction - The company aims to reduce the total borrowing cost for borrowers to stimulate economic growth while acquiring high-quality borrowers for sustainable growth [10] - The company is focused on strengthening user acquisition while implementing disciplined cost control measures [10] - The company is optimistic about capturing growth opportunities in a healthy regulatory environment [8] Management's Comments on Operating Environment and Future Outlook - Management expressed caution about the business outlook for the coming quarters due to uncertainties in the macroeconomic environment [5] - The company expects total loan amount facilitated and provided for Q2 2022 to be between RMB 15 billion and RMB 16 billion, with an incremental range of 15% to 25% for 2022 [13] Other Important Information - The company was included in the list under the Holding Foreign Companies Accountable Act, which may affect its listing status on the US stock exchange [9] - Management is exploring solutions to protect stakeholder interests amid regulatory uncertainties [9] Q&A Session Summary Question: What was your average interest rate in the quarter that you charge customers? - The company does not provide exact numbers but indicated that the general trend is a decrease in interest rates, with a majority of business based on a 24% rate going forward [16] Question: Why was the tax rate so high this quarter and in Q4? What is your outlook for the tax rate for the full fiscal year? - The high tax rate was due to a special charge related to deferred tax assets from a subsidiary that is not generating enough revenue [17][20] Question: Can you provide an update on your share repurchase program? - The share buyback program is subject to insider trading rules, and the company plans to start buying back shares soon [17] Question: Have you considered taking this company private? - Management stated that they understand the current low valuation but believe the company is still profitable and that the depressed valuation is mainly due to regulatory uncertainties [22][24] Question: Why are other competitors initiating stock repurchase plans and paying dividends? - Management noted that they have not sold any shares and are committed to share buybacks when possible, but dividends are not currently promised [26][28]

X Financial (NYSE:XYF) Q4 2021 Earnings Conference Call March 31, 2022 7:00 AM ET Company Participants Tanya Wen - Investor Relations Kan Li - President Frank Fuya Zheng - Chief Financial Officer Conference Call Participants Mason Bourne - AWH Capital Matthew Larson - National Securities Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be ...

X Financial (NYSE:XYF) Q3 2021 Results Conference Call November 23, 2021 7:00 AM ET Company Participants Tanya Wen - IR Kan Li - President Frank Fuya Zheng - CFO Operator Hello, and welcome to the X Financial Third Quarter 2021 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Tanya Wen. Please go ahead. Tanya Wen Thank you, Operator. Hello, everyone, and thank you for joining us today. The company's results were rel ...