X Financial ( (XYF) ) has released its Q1 earnings. Here is a breakdown of the information X Financial presented to its investors.
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X Financial, a prominent Chinese fintech platform, specializes in connecting borrowers with institutional funding partners through its advanced big data-driven technology, focusing on loan facilitation and origination in the financial sector.
In the first quarter of 2025, X Financial reported a significant increase in its financial performance, with total net revenue reaching RMB1,937.5 million, marking a 60.4% rise from the previous year. The company’s growth was fueled by a substantial increase in loan facilitation volume and improved asset quality.
Key highlights from the report include a 63.4% year-over-year increase in the total loan amount facilitated, reaching RMB35,149 million, and a 77.1% rise in the number of active borrowers. The company’s net income also saw a notable increase of 26.2% year-over-year, amounting to RMB458.1 million. Additionally, X Financial maintained strong asset quality, with improvements in delinquency rates for loans past due.
X Financial’s management remains optimistic about the future, expecting continued strong demand for loans in the second quarter of 2025. The company plans to enhance its technology platform and expand partnerships to support growth while maintaining a focus on risk management and operational efficiency.