X Financial Soars 11.33% on Buyback Plan

On May 20, 2025, X Financial's stock surged by 11.33% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

X Financial's Board of Directors has authorized a buyback plan, which was announced on May 19, 2025. This strategic move is aimed at enhancing shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share. The buyback plan is expected to have a positive impact on the company's stock price, as it signals confidence in the company's future prospects and financial health.

This buyback plan comes at a time when the company is focusing on strengthening its financial position and optimizing its capital structure. By repurchasing its own shares, X Financial can improve its financial ratios and return on equity, making it a more attractive investment option for shareholders. The buyback plan is also seen as a way to reward shareholders for their continued support and investment in the company.