X Financial(US:XYF)2025-03-20 18:55Financial Performance - Total loan facilitation and origination amount reached RMB 32,297 million in Q4 2024 [10] - The loan balance as of December 31, 2024, was RMB 52,327 million [12] - Total net revenue for FY2024 was RMB 5,872 million, compared to RMB 4,815 million in FY2023 [59] - Non-GAAP adjusted net income for FY2024 was RMB 1,539 million, compared to RMB 1,277 million in FY2023 [61] - Operating margin for FY2024 was 319%, compared to 304% in FY2023 [64] - Non-GAAP adjusted net income margin for FY2024 was 262%, compared to 265% in FY2023 [66] - Net revenue per employee for FY2024 was RMB 10,429 thousand, compared to RMB 9,242 thousand in FY2023 [69] Business Model and Strategies - The company operates a loan facilitation model based on 100% institutional funding [14] - The company utilizes credit insurance and financial guarantee models to protect institutional funding partners against default [17, 20] - The company employs a technology-driven approach to servicing borrowers and funding partners, utilizing a proprietary risk management model [25, 26]