X Financial(US:XYF) Zhi Tong Cai Jing·2025-08-19 07:06Financial Performance - Company reported Q2 financial results for the period ending June 30, 2025, with revenue of 2.273 billion RMB, a year-over-year increase of 65.6% [1] - Net profit increased by 27.1% year-over-year to 528 million RMB, with diluted earnings per ADS of 12.00 RMB, reflecting a 44.9% year-over-year growth [1] - Total loans facilitated and issued reached a record 38.99 billion RMB (approximately 5.43 billion USD), marking a 71.4% year-over-year increase [1] Borrower Growth and Asset Quality - Active borrowers grew by 73.7% year-over-year, reaching 2.85 million [1] - Company president Kent Li highlighted the addition of over 427,000 active borrowers in the quarter while maintaining healthy asset quality [1] - Delinquency rates improved, with 31-60 days overdue rate decreasing to 1.16% from 1.29% in the same period of 2024, and 91-180 days overdue rate dropping to 2.91% from 4.38% [1] Share Buyback and Dividend - From January 1 to August 15, 2025, the company repurchased approximately 16.7 million Class A ordinary shares for a total of about 47.7 million USD, fully utilizing a previous 50 million USD buyback authorization [2] - A new buyback plan of 100 million USD has been approved, with approximately 68.2 million USD remaining for repurchase [2] - The board announced a semi-annual dividend of 0.28 USD per ADS [3] Future Loan Projections - For Q3 2025, the company expects total loans facilitated and issued to be between 32 billion and 34 billion RMB, indicating a slowdown compared to the record levels in Q2 as management focuses more on asset quality and profitability rather than just loan growth [3]