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X Financial ( (XYF) ) has provided an announcement.
On May 23, 2025, X Financial announced the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as its new independent registered public accounting firm, replacing KPMG Huazhen LLP. The decision, approved by the board of directors and the audit committee, was not due to any disagreements with KPMG on accounting principles or practices. KPMG’s previous audit reports for 2023 and 2024 were unqualified, and there were no disagreements or reportable events during their tenure, except for a noted material weakness in U.S. GAAP knowledge as of December 31, 2023.
Spark’s Take on XYF Stock
According to Spark, TipRanks’ AI Analyst, XYF is a Outperform.
X Financial’s overall stock score is driven by its strong financial performance and positive earnings call sentiment, highlighting significant revenue and net income growth. The stock’s technical indicators show bullish momentum, and its valuation metrics suggest it is undervalued with a favorable dividend yield. These strengths are somewhat offset by concerns over negative gross profit, though the company’s strategic focus on AI and improved asset quality present a positive outlook.
To see Spark’s full report on XYF stock, click here.
More about X Financial
X Financial is a company based in Shenzhen, China, operating in the financial services industry. The company focuses on providing financial solutions and services, although specific products or market focus details are not provided in the release.
Average Trading Volume: 269,831
Technical Sentiment Signal: Buy
Current Market Cap: $736.2M
See more insights into XYF stock on TipRanks’ Stock Analysis page.