Nov. 21 at 6:13 PM
$XYF Earnings
* Total net revenue reached
$275.5 million (RMB1,961.0 million), up 23.9% year-over-year, but down 13.7% quarter-over-quarter, reflecting moderating borrower activity and a more cautious lending environment.
* Total loan amount facilitated and originated([1]) was RMB33.64 billion(~
$4.73 billion), up 18.7% YoY, but down 13.7% QoQ, reflecting the Company's deliberate moderation of loan growth to prioritize asset quality and risk control.
* Net income increased 12.1% YoY to
$59.2 million (RMB421.2 million), and Non-GAAP adjusted net income rose 1.0% YoY to
$61.6 million (RMB438.2million). Both measures declined sequentially, reflecting higher credit-related provisions and rising operating costs in the quarter.
* The 31–60 days delinquency rate increased to 1.85% (from 1.02% in the same period of '24) and the 91–180 days delinquency rate rose to 3.52% (from 3.22% in the same period of '24024), reflecting softer repayment behavior and a
more challenging credit environment.
