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FinVolution Group Reports Second Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-08-20 22:00
Core Insights - FinVolution Group reported a total transaction volume of RMB54.0 billion for Q2 2025, reflecting a year-over-year increase of 10.9% [2][17] - The company's net revenue for Q2 2025 reached RMB3,578.0 million, up 12.9% from the same period in 2024, with net profit increasing by 36.4% to RMB751.3 million [21][36] - International revenues surged by 41.5% to RMB796.7 million, contributing 22.3% to total revenue, up from 17.8% a year ago [19][21] Financial Performance - Total transaction volume for H1 2025 was RMB106.1 billion, a 9.4% increase year-over-year [1] - The outstanding loan balance as of June 30, 2025, was RMB77.5 billion, marking an 18.1% increase from the previous year [2][9] - The average loan size for Q2 2025 was RMB10,056, compared to RMB9,956 in Q2 2024 [9] User Growth - Cumulative registered users reached 180.9 million as of June 30, 2025, an increase of 11.5% year-over-year [9] - The number of unique borrowers for Q2 2025 was 2.2 million, up 22.2% compared to the same period in 2024 [9] - The company added 1.6 million new borrowers in Q2 2025, marking the fourth consecutive quarter of exceeding one million new borrowers [18] International Market Highlights - International transaction volume for H1 2025 reached RMB6.2 billion, up 37.8% year-over-year [8] - The outstanding loan balance in international markets increased by 50.0% to RMB2.1 billion as of June 30, 2025 [9] - The number of unique borrowers in international markets for Q2 2025 was 2.3 million, a significant increase of 122.2% year-over-year [9] Operational Efficiency - The company maintained a conservative leverage ratio of 2.6x and had RMB7.9 billion in cash and short-term investments [20] - Non-GAAP adjusted operating income for Q2 2025 was RMB854.8 million, up from RMB598.6 million in Q2 2024 [34] - The company reported a 90-day+ delinquency ratio of 1.92% as of June 30, 2025 [9] Business Outlook - The company reiterated its full-year 2025 total revenue guidance to be in the range of approximately RMB14.4 billion to RMB15.0 billion, representing year-over-year growth of approximately 10.0% to 15.0% [41]
FinVolution Group Announces Completion of Offering of US$150 Million Convertible Senior Notes
Prnewswire· 2025-06-25 01:00
Core Viewpoint - FinVolution Group has successfully completed a convertible senior notes offering totaling US$150 million, which will be utilized for international expansion, working capital replenishment, and share repurchase activities [1][2]. Group 1: Notes Offering Details - The offering consists of convertible senior notes with an aggregate principal amount of US$150 million, including an additional US$20 million from the initial purchasers [1]. - The notes will bear an interest rate of 2.50% per year, payable semi-annually starting January 1, 2026, and will mature on July 1, 2030 [3]. - The initial conversion rate is set at 80.8865 American Depositary Shares (ADSs) per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.36 per ADS [4]. Group 2: Use of Proceeds - The net proceeds from the notes offering will be allocated for international business expansions, replenishing working capital, and funding the repurchase of American Depositary Shares (ADSs) [2]. Group 3: Company Overview - FinVolution Group is a leading fintech platform in China, Indonesia, and the Philippines, established in 2007, specializing in online consumer finance [7]. - The company has developed advanced technologies in credit risk assessment, fraud detection, big data, and artificial intelligence, enhancing the user experience through a highly automated loan transaction process [7]. - As of March 31, 2025, FinVolution had 216.2 million cumulative registered users across its platforms [7].
X Financial Reports First Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-05-19 20:50
Core Viewpoint - X Financial reported strong financial results for Q1 2025, with significant growth in loan facilitation, active borrowers, and net income, reflecting robust demand and effective risk management strategies [1][9]. Operational Highlights - Total loan amount facilitated and originated in Q1 2025 was RMB 35,149 million, up 63.4% year-over-year from RMB 21,505 million in Q1 2024 [3][7]. - The number of active borrowers reached 2,425,504, representing a 77.1% increase from 1,369,410 in the same period last year [3][7]. - Total outstanding loan balance at the end of Q1 2025 was RMB 58,403 million, a 33.3% increase from RMB 43,812 million in Q1 2024 [3][7]. - The company facilitated approximately 3.14 million loans in Q1 2025, a 75.6% increase year-over-year [7]. Financial Highlights - Total net revenue for Q1 2025 was RMB 1,937.5 million (US$ 267.0 million), a 60.4% increase from RMB 1,208.0 million in Q1 2024 [8][11]. - Net income for Q1 2025 was RMB 458.1 million (US$ 63.1 million), compared to RMB 363.1 million in Q1 2024, marking a 26.2% year-over-year increase [8][11]. - Non-GAAP adjusted net income for Q1 2025 was RMB 466.8 million (US$ 64.3 million), up 44.9% from RMB 322.2 million in the same period last year [8][11]. - Net income per basic ADS was RMB 10.92, a 46.8% increase from RMB 7.44 in Q1 2024 [8][11]. Asset Quality - Delinquency rates for loans past due for 31-60 days improved to 1.25% in Q1 2025 from 1.61% in Q1 2024, while delinquency rates for loans past due for 91-180 days decreased to 2.73% from 4.37% [3][12]. - The company maintained stable provisions for loans receivable at RMB 62.2 million, while provisions for contingent guarantee liabilities increased to RMB 63.7 million from RMB 47.9 million [12]. Funding and Liquidity - Cash and cash equivalents increased to RMB 1,389.5 million (US$ 191.5 million) as of March 31, 2025, up from RMB 984.6 million at year-end 2024 [14]. - Total restricted cash was RMB 712.3 million (US$ 98.2 million), bringing total cash (including restricted) to over RMB 2.1 billion [14]. - Shareholders' equity grew to RMB 7,435.4 million (US$ 1.02 billion), reflecting the growth of retained earnings [14]. Business Outlook - X Financial expects the total loan amount facilitated and originated in Q2 2025 to be in the range of RMB 37.5 billion to RMB 39.5 billion, indicating continued strong demand [18]. - The company has approved a new share repurchase program of up to US$ 100 million, effective from June 1, 2025, through November 30, 2026, reflecting confidence in long-term growth [18].