经济观察网 11月20日，信也科技（NYSE: FINV）发布2025年第三季度未经审计财务报告。报告显示， 公司第三季度营收达35亿元人民币，净利润为6.4亿元人民币。在经营层面，当季促成交易额为512亿 元，在贷余额为771亿元。 截至三季度末，信也科技累计为全球近3840万用户提供信贷科技服务，其中国内用户达2840万人。国际 业务收入占总收入的25%，成为整体增长的重要动力。此外，公司海外累计借款用户规模已近1000万， 本季度新增借款用户达130万，环比增长18%。 ...

Group 1 - The company reported a strong performance in Q2, with a revenue of 3.58 billion yuan and a net profit of 750 million yuan, reflecting a year-on-year growth in transaction volume of 10.9% to 54 billion yuan and an 18.1% increase in loan balance to 77.5 billion yuan [4] - Domestic transaction volume reached 50.8 billion yuan in Q2, with a year-on-year growth of 9.5%, while the loan balance was 75.4 billion yuan, up 17.4% [1][4] - The company has repurchased shares worth 63.8 million dollars in the first half of the year, supporting its strategic initiatives [1] Group 2 - The company invested nearly 130 million yuan in R&D in Q2, marking an 8.2% increase year-on-year, focusing on enhancing its fraud detection systems [2] - The upgraded defense system against complex AI fraud achieved a detection accuracy of 98.8%, while the self-developed visual AI can identify forged images with a recognition rate of 95% [2] - The company has implemented multiple verification methods, including dynamic facial recognition and real-time video authentication, to enhance security measures [2] Group 3 - The international business transaction volume exceeded 3.2 billion yuan in Q2, showing a year-on-year growth of 39%, with revenue nearing 800 million yuan, up 41.5% [1] - As of the end of Q2, the company has served a total of 8.7 million overseas users, indicating a diversified business expansion [1]

Core Insights - Xinyi Technology reported its Q2 2025 unaudited financial results, showing a revenue of 3.58 billion RMB and a net profit of 750 million RMB [1] - The company facilitated a transaction volume of 54 billion RMB in the quarter, representing a year-on-year growth of 10.9% [1] - The outstanding loan balance reached 77.5 billion RMB, marking an 18.1% increase year-on-year [1] Domestic Performance - The domestic transaction volume was 50.8 billion RMB, with a year-on-year growth of 9.5% [1] - The outstanding loan balance in the domestic market was 75.4 billion RMB, reflecting a 17.4% increase year-on-year [1] - In the small and micro business sector, Xinyi Technology served 430,000 domestic small and micro users, facilitating a transaction volume of 15.3 billion RMB, which is a 7% increase and accounted for 30% of the domestic transaction volume [1] International Performance - The international business transaction volume exceeded 3.2 billion RMB, showing a significant year-on-year growth of 39% [1] - Revenue from international operations reached nearly 800 million RMB, with a year-on-year increase of 41.5%, contributing to 22.3% of the total revenue [1] - As of the end of Q2, the company had served a cumulative total of 8.7 million overseas users, indicating a continued diversification of its business layout [1]

Core Insights - Xinyi Technology reported its Q2 2025 unaudited financial results, achieving revenue of 3.58 billion RMB and a net profit of 750 million RMB [1] - The company facilitated a transaction volume of 54 billion RMB in the quarter, reflecting a year-on-year growth of 10.9%, with a loan balance of 77.5 billion RMB, up 18.1% year-on-year [1] Domestic Performance - In the domestic market, the transaction volume reached 50.8 billion RMB, marking a year-on-year increase of 9.5%, while the loan balance was 75.4 billion RMB, up 17.4% year-on-year [1] - The company served 430,000 domestic micro and small enterprises, facilitating a transaction volume of 15.3 billion RMB, which accounted for 30% of the group's domestic transaction volume [1] International Performance - The international business saw a transaction volume exceeding 3.2 billion RMB, representing a year-on-year growth of 39%, with revenue nearing 800 million RMB, up 41.5%, contributing 22.3% to the group's total revenue [1] - As of the end of Q2, the company had served a cumulative total of 8.7 million overseas users, indicating a continued diversification of its business layout [1] Financing Activity - In June, the company completed the issuance of convertible senior notes totaling 150 million USD, maturing in 2030 [1]

Core Viewpoint - The company reported strong financial performance in Q1 2025, with a focus on both domestic and international business growth, while adapting to new regulatory frameworks in the lending sector [2][3][4]. Financial Performance - In Q1 2025, the company achieved revenue of 3.481 billion yuan and a net profit of 738 million yuan [2]. - The transaction volume facilitated by the company reached 52.1 billion yuan, representing a year-on-year growth of 7.9% [2]. - The loan balance stood at 74.1 billion yuan, showing a year-on-year increase of 13.5% [2]. - Domestic transaction volume was 49.1 billion yuan, up 6.5% year-on-year, with a loan balance of 72.2 billion yuan, increasing by 12.8% [2]. Business Segments - The company served 44.2 thousand domestic micro and small enterprises, facilitating nearly 15 billion yuan in transactions, which accounted for 30% of the domestic transaction volume [2]. - International business transaction volume surpassed 3 billion yuan for the first time, growing by 36% year-on-year, with independent borrower numbers reaching a record high of 1.7 million, up 106% [3]. - International revenue was 710 million yuan, a year-on-year increase of 19.5%, contributing 20.4% to the total revenue [3]. Growth Guidance - The company maintains its full-year revenue growth guidance of 10% to 15%, with expectations for international market contributions to rise to 25% [4]. Regulatory Impact - The new lending regulations, effective in October, are expected to enhance the regulatory framework for lending businesses, focusing on qualitative rather than quantitative aspects [4][5]. - The CFO noted that the new regulations would improve transparency and compliance, benefiting platforms with strong capital and risk management capabilities [5]. Risk Management - The company has adjusted its risk appetite for marginal assets in response to macroeconomic uncertainties, monitoring trends closely to balance risk management and business objectives [5]. - In Q1, the domestic loan facilitation revenue rate improved by 10 basis points, driven by a reduction in funding costs and an extension of loan terms [5].