XYF Latest Report

Financial Report Performance

X Financial (stock code: XYF) reported a significant increase in its operating revenue in 2024, reaching RMB1.709 billion on December 31, 2024, up 43.15% from RMB1.193 billion in the same period of 2023. This remarkable growth may reflect the company's successful adjustments in market competitiveness, product demand, and marketing strategies.

Key Financial Data

1. The year-on-year growth rate of operating revenue is 43.15%, indicating good performance in the market.

2. The company performed well in loan facilitation, with a total loan amount of RMB22.749 billion and a net income of RMB1.373 billion.

3. The company strengthened its overall profitability by controlling costs and improving asset quality.

4. The launch of the new product "WinPROT win protection system" enhanced users' financial security and improved service experience.

5. The company actively participated in social welfare by supporting small and micro enterprises and individual businesses through financing assistance plans, expanding its service scope.

Peer Comparison

1. Industry Overview: The fintech industry as a whole experienced rapid growth in the past year, reflecting the rising demand for digital financial services among consumers and the accelerated transformation of traditional financial services to digital.

2. Peer Evaluation Analysis: X Financial's operating revenue growth rate of 43.15% is outstanding in the industry, demonstrating the company's strong market competitiveness and increased effective market share.

Summary

X Financial's financial report performance in 2024 is noteworthy, with a significant increase in operating revenue, reflecting the rise in market demand and the company's effective adjustments in product services and marketing strategies. Through the launch of new products and active participation in social welfare, the company's market position and brand image have been further enhanced.

Opportunities

1. Continue to focus on the market for small and micro enterprises, leveraging financing assistance plans to promote loan business growth.

2. Further enhance user experience and security through digital transformation and new product launches, increasing customer loyalty.

3. Leverage the overall industry growth to expand market share by taking advantage of changes in the market environment.

Risks

1. Facing market pressure from major competitors such as Xingye Consumer Finance and Haier Consumer Finance.

2. Increased industry competition may lead to a narrowing of profit margins.

3. Macroeconomic fluctuations may affect consumer confidence and, in turn, loan demand.