May. 20 at 10:46 PM
$FINV $SPY $TSLA $FUTU $BIDU
Major Takeaways
1. Solid top- and bottom-line growth with expanding profitability metrics and strong cost control.
2. China market remains stable, with robust repeat borrower activity and moderate loan growth.
3. International business is a key growth engine, showing acceleration in users, borrowers, and revenue contribution.
4. Revenue quality mixed – loan facilitation fees up, but guarantee and post-facilitation services declining.
5. Cost of growth is rising – customer acquisition and provisioning costs are increasing.
6. Balance sheet remains strong, with ample liquidity to support operations and growth.
7. 2025 revenue guidance reaffirmed at RMB 14.4B–15.0B, signaling confidence despite macro headwinds.
