X Financial
1min read Zhitong Finance learned that on November 27, 2024 Beijing time, X Financial(XYF.US), a financial technology company, released its unaudited financial results for the third quarter ended September 30, 2024.
The financial data showed: the total amount of matched and provided loans in the third quarter of 2024 was RMB28.338 billion; the outstanding balance as of September 30, 2024 was RMB45.766 billion; the total net revenue in the third quarter of 2024 was RMB1.5825 billion.
In 2024, X Financial launched the "Sharing the Light Together. Helping Small Businesses Plan", focusing on individual entrepreneurs, small business owners, rural entrepreneurs and other groups, starting from the actual needs and difficulties of small businesses, providing help within its capabilities, and giving them the power to move forward.
Over the past 10 years, X Financial has focused on technology and services for small businesses, supported by strong risk control, operation and service capabilities, and cooperated with various financial institutions to enable small businesses, individual entrepreneurs and new urbanites to enjoy convenient, equal and benevolent financial services through digital technology.
Adhering to the trend of ESG information disclosure, X Financial released its "2023 Corporate Social Responsibility Report" in the third quarter of 2024. The report reviewed X Financial's exploration and practice in 2023 from the three directions of doing good, being innovative and being beautiful, and showed its actions in focusing on its main responsibilities, doing well in the "five major articles" of finance and serving the people.
In terms of consumer rights protection, X Financial takes continuous improvement of the consumer rights protection governance system, solidifying the consumer rights protection risk control foundation and continuously improving consumer rights protection management capabilities as the starting point, continuously applying the WinPROT win protection system to integrate consumer rights protection concepts and work requirements into all aspects of business development.
X Financial's President Li Kan said: "We are pleased to report another strong quarter, with significant improvement in asset quality on a quarterly basis. With the improvement in asset quality in the third quarter, we further increased our borrower acquisition efforts and achieved very positive results. We are satisfied with the improvement in asset quality and will continue to optimize our risk management system through advanced technology. The personal financial market we serve should benefit from this recovery as an important part of the economy."