New Risk • May 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 15% Last year net profit margin: 25% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (15% net profit margin). New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Announcement • May 21
X Financial to Report Q1, 2026 Results on May 28, 2026 X Financial announced that they will report Q1, 2026 results Pre-Market on May 28, 2026 Upcoming Dividend • Apr 23
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 20 May 2026. Trailing yield: 11%. Within top quartile of American dividend payers (4.2%). Higher than average of industry peers (1.8%). Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥36.02 (vs CN¥31.99 in FY 2024) Full year 2025 results: EPS: CN¥36.02. Revenue: CN¥7.64b (up 30% from FY 2024). Net income: CN¥1.46b (down 4.9% from FY 2024). Profit margin: 19% (down from 26% in FY 2024). Announcement • Mar 26
X Financial Declares Semi-Annual Dividend, Payable on or About May 20, 2026 X Financial declared semi-annual dividend of USD 0.28 per ADS (approximately USD 0.0467 per ordinary share). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on April 30, 2026 will be entitled to the semi-annual dividend. These shareholders, including the Bank of New York Mellon, the depositary of ADS program (the "Depositary"), will receive the payments of dividends on or about May 20, 2026. Dividends to the Company's ADS holders will be paid by the Depositary after May 20, 2026, and the precise timing of receipt will vary based on the processing efficiency of the respective holding brokerage. Announcement • Mar 19
X Financial to Report Q4, 2025 Results on Mar 26, 2026 X Financial announced that they will report Q4, 2025 results Pre-Market on Mar 26, 2026 Recent Insider Transactions Derivative • Dec 01
Non-Executive Director notifies of intention to sell stock Shaoyong Cheng intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of December. If the sale is conducted around the recent share price of US$11.83, it would amount to US$118k. As of today, Shaoyong currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: CN¥10.59 (vs CN¥7.89 in 3Q 2024) Third quarter 2025 results: EPS: CN¥10.59 (up from CN¥7.89 in 3Q 2024). Revenue: CN¥1.96b (up 24% from 3Q 2024). Net income: CN¥421.2m (up 12% from 3Q 2024). Profit margin: 22% (down from 24% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 19
X Financial, Annual General Meeting, Dec 18, 2025 X Financial, Annual General Meeting, Dec 18, 2025, at 10:00 China Standard Time. Location: 7/f 8/f, block a aerospace science and technology, plaza, no. 168 haide third avenue, haide third avenue, nanshan district 518067, shenzhen China Announcement • Nov 12
X Financial to Report Q3, 2025 Results on Nov 21, 2025 X Financial announced that they will report Q3, 2025 results Pre-Market on Nov 21, 2025 Announcement • Sep 27
X Financial Appoints Noah Kauffman as Chief Financial Strategy Officer, Effective September 25, 2025 On September 25, 2025, upon the approval of the board of directors of X Financial, Mr. Noah Kauffman was appointed and promoted as Chief Financial Strategy Officer of the Company, effective on September 25, 2025. Mr. Kauffman has over 20 years of experience in the financial markets sector. From 2019 to 2025, he served at Intercontinental Exchange, where he most recently was Head of Strategic Financial Planning and Analysis. From 2012 to 2018, he worked at Invesco as a Quantitative Researcher in Equities. Mr. Kauffman received a Bachelor of Arts in Economics and Mathematics from Emory University in 2005 and a Master of Science in Computational Science and Engineering from the Georgia Institute of Technology in 2012. He is also a Certified Public Accountant (CPA) and a CFA charterholder. Upcoming Dividend • Sep 19
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$15.72, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 10x in the Consumer Finance industry in the US. Total returns to shareholders of 562% over the past three years. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥12.59 (vs CN¥8.48 in 2Q 2024) Second quarter 2025 results: EPS: CN¥12.59 (up from CN¥8.48 in 2Q 2024). Revenue: CN¥2.27b (up 66% from 2Q 2024). Net income: CN¥528.0m (up 27% from 2Q 2024). Profit margin: 23% (down from 30% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 19
X Financial Declares Semi-Annual Dividend, Payable on or About October 15, 2025 X Financial announced that pursuant to the semi-annual dividend policy, the Board approved the declaration and payment of a semi-annual dividend of USD 0.28 per ADS (approximately USD 0.0467 per ordinary share). The holders of the company's ordinary shares shown on the company's record at the close of trading on September 26, 2025 will be entitled to the semi-annual dividend. These shareholders, including the Bank of New York Mellon, the depositary of its ADS program (Depositary), will receive the payments of dividends on or about October 15, 2025. Dividends to the company's ADS holders will be paid by the Depositary on or after October 15, 2025, and the precise timing of receipt will vary based on the processing efficiency of the respective holding brokerage. Announcement • Aug 08
X Financial to Report Q2, 2025 Results on Aug 19, 2025 X Financial announced that they will report Q2, 2025 results Pre-Market on Aug 19, 2025 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$14.37, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 9x in the Consumer Finance industry in the US. Total returns to shareholders of 484% over the past three years. Upcoming Dividend • Jun 13
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$17.27, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 8x in the Consumer Finance industry in the US. Total returns to shareholders of 591% over the past three years. Announcement • May 20
X Financial (NYSE:XYF) announces an Equity Buyback for $100 million worth of its shares. X Financial (NYSE:XYF) announces a share repurchase program. Under the program, the company is authorized to repurchase up to $100 million worth of its Class A ordinary shares in the form of American depositary shares (“ADSs”). The program will be valid till November 30, 2026. Announcement • May 15
X Financial to Report Q1, 2025 Results on May 20, 2025 X Financial announced that they will report Q1, 2025 results Pre-Market on May 20, 2025 Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: CN¥31.99 (vs CN¥24.72 in FY 2023) Full year 2024 results: EPS: CN¥31.99 (up from CN¥24.72 in FY 2023). Revenue: CN¥5.87b (up 22% from FY 2023). Net income: CN¥1.54b (up 30% from FY 2023). Profit margin: 26% (up from 25% in FY 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$13.77, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 10x in the Consumer Finance industry in the US. Total returns to shareholders of 463% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$12.01, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 10x in the Consumer Finance industry in the US. Total returns to shareholders of 386% over the past three years. New Risk • Mar 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Announcement • Mar 20
X Financial Declares Semi-Annual Dividend, Payable on or About July 2, 2025 X Financial announced that Pursuant to the semi-annual dividend policy, the Board approved the declaration and payment of a semi-annual dividend of USD 0.25 per ADS (approximately USD 0.042 per ordinary share). The holders of the Company's ordinary shares shown on the Company's record at the close of trading on June 20, 2025 (U.S. Eastern Daylight Time) will be entitled to the semi-annual dividend. These shareholders, including the Bank of New York Mellon, the depositary of ADS program (the "Depositary"), will receive the payments of dividends on or about July 2, 2025. Dividends to the Company's ADS holders will be paid by the Depositary on or after July 2, 2025, and the precise timing of receipt will vary based on the processing efficiency of the respective holding brokerage. Announcement • Mar 18
X Financial to Report Q4, 2024 Results on Mar 20, 2025 X Financial announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Mar 20, 2025 Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$11.49, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 11x in the Consumer Finance industry in the US. Total returns to shareholders of 510% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to US$10.89, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 13x in the Consumer Finance industry in the US. Total returns to shareholders of 280% over the past three years. Announcement • Dec 19
X Financial (NYSE:XYF) announces an Equity Buyback for $50 million worth of its shares. X Financial (NYSE:XYF) announces a share repurchase program. Under the program, the company is authorized to repurchase up to $50 million worth of its Class A ordinary shares in the form of American depositary shares (“ADSs”). The Company will fund repurchases out of its existing cash balance. The program will be valid till June 30, 2026. Recent Insider Transactions Derivative • Dec 15
Non-Executive Director notifies of intention to sell stock Shaoyong Cheng intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of December. If the sale is conducted around the recent share price of US$8.25, it would amount to US$83k. As of today, Shaoyong currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$8.30, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 13x in the Consumer Finance industry in the US. Total returns to shareholders of 184% over the past three years. Reported Earnings • Nov 27
Third quarter 2024 earnings released: EPS: CN¥7.89 (vs CN¥7.24 in 3Q 2023) Third quarter 2024 results: EPS: CN¥7.89 (up from CN¥7.24 in 3Q 2023). Revenue: CN¥1.58b (up 13% from 3Q 2023). Net income: CN¥375.8m (up 8.3% from 3Q 2023). Profit margin: 24% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Nov 23
X Financial, Annual General Meeting, Dec 20, 2024 X Financial, Annual General Meeting, Dec 20, 2024, at 10:00 China Standard Time. Location: 7/f - 8/f, block a, aerospace science and technology plaza, no. 168 haide third avenue, nanshan district, 518067, shenzhen China Announcement • Nov 19
X Financial to Report Q3, 2024 Results on Nov 27, 2024 X Financial announced that they will report Q3, 2024 results Pre-Market on Nov 27, 2024 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$8.23, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 10x in the Consumer Finance industry in the US. Total returns to shareholders of 109% over the past three years. Upcoming Dividend • Aug 28
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥8.48 (vs CN¥7.64 in 2Q 2023) Second quarter 2024 results: EPS: CN¥8.48 (up from CN¥7.64 in 2Q 2023). Revenue: CN¥1.37b (up 13% from 2Q 2023). Net income: CN¥415.3m (up 13% from 2Q 2023). Profit margin: 30% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 13
X Financial to Report Q2, 2024 Results on Aug 22, 2024 X Financial announced that they will report Q2, 2024 results Pre-Market on Aug 22, 2024 Board Change • Jun 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Richard Xue was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: CN¥7.42 (vs CN¥5.92 in 1Q 2023) First quarter 2024 results: EPS: CN¥7.42 (up from CN¥5.92 in 1Q 2023). Revenue: CN¥2.42b (up 140% from 1Q 2023). Net income: CN¥726.3m (up 155% from 1Q 2023). Profit margin: 30% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • May 26
X Financial to Report Q4, 2024 Results on May 31, 2024 X Financial announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on May 31, 2024 New Risk • May 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Upcoming Dividend • May 02
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 09 May 2024. Payment date: 31 May 2024. Trailing yield: 8.6%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.1%). Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥24.72 (vs CN¥15.40 in FY 2022) Full year 2023 results: EPS: CN¥24.72 (up from CN¥15.40 in FY 2022). Revenue: CN¥4.81b (up 35% from FY 2022). Net income: CN¥1.19b (up 46% from FY 2022). Profit margin: 25% (up from 23% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 27
X Financial Declares Semi-Annual Dividend for the Second Half of 2023, Payable on or About May 31, 2024 X Financial announced that the Company's board of directors has approved a semi-annual dividend policy. Under this policy, the determination to declare and pay such semi-annual dividend and the amount of dividend in any particular half year will be made at the discretion of the Board and will be based upon the Company's operations and earnings, cash flow, financial condition and other relevant factors that the Board may deem appropriate. Pursuant to the semi-annual dividend policy, the Board has approved the declaration and payment of a semi-annual dividend of $0.17 per ADS (approximately $0.028 per ordinary share) for the second half of 2023. The holders of the Company's ordinary shares shown on the Company's record at the close of trading on May 10, 2024 will be entitled to these dividends. These shareholders, including the Bank of New York Mellon, the depositary of ADS program (the "Depositary"), will receive the payments of dividends on or about May 31, 2024. Dividends to the Company's ADS holders will be paid through the Depositary on or after May 31, 2024, and the precise timing of receipt will vary based on the processing efficiency of the respective holding brokerage. Announcement • Mar 22
X Financial to Report Q4, 2023 Results on Mar 27, 2024 X Financial announced that they will report Q4, 2023 results Pre-Market on Mar 27, 2024 Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: CN¥7.24 (vs CN¥3.95 in 3Q 2022) Third quarter 2023 results: EPS: CN¥7.24 (up from CN¥3.95 in 3Q 2022). Revenue: CN¥1.40b (up 56% from 3Q 2022). Net income: CN¥347.2m (up 64% from 3Q 2022). Profit margin: 25% (up from 24% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Nov 23
X Financial's Board Approves Changes to Board and Management The Board of Directors (the “Board”) of X Financial has approved the following changes to the Board and management, effective as of the date November 22, 2023. Mr. Shaoyong (Simon) Cheng resigned as Vice Chairman while remaining as a Non-Executive Director of the Board. Mr. Kan (Kent) Li resigned as Chief Risk Officer and continues to serve as President and Director of the Board. Mr. Yufan Jiang, who joined X Financial in 2015, was appointed as Chief Risk Officer. Mr. Ding (Gardon) Gao resigned as Chief Technology Officer. Recent Insider Transactions Derivative • Sep 13
President notifies of intention to sell stock Kan Li intends to sell 21k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of September. If the sale is conducted around the recent share price of US$4.33, it would amount to US$90k. As of today, Kan currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Upcoming Dividend • Sep 11
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 18 October 2023. The company last paid an ordinary dividend in March 2019. The average dividend yield among industry peers is 2.4%. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥7.64 (vs CN¥3.36 in 2Q 2022) Second quarter 2023 results: EPS: CN¥7.64 (up from CN¥3.36 in 2Q 2022). Revenue: CN¥1.22b (up 48% from 2Q 2022). Net income: CN¥366.3m (up 97% from 2Q 2022). Profit margin: 30% (up from 23% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Aug 29
X Financial Approves Special Dividend, Payable on or About October 18, 2023 X Financial announced the Company's board of directors has approved the declaration and payment of a special dividend of USD 0.17per ADS (approximately USD 0.028per ordinary share). The Special Dividend will be paid on or about October 18, 2023 to the holders of the Company's ordinary shares of record as of the close of business on September 19, 2023, being the record date for determination of entitlements to the Special Dividend. Announcement • Aug 24
X Financial to Report Q2, 2023 Results on Aug 29, 2023 X Financial announced that they will report Q2, 2023 results Pre-Market on Aug 29, 2023 Recent Insider Transactions Derivative • May 31
Vice Chairman of the Board notifies of intention to sell stock Shaoyong Cheng intends to sell 300k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of May. If the sale is conducted around the recent share price of US$3.26, it would amount to US$978k. As of today, Shaoyong currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: CN¥5.92 (vs CN¥2.53 in 1Q 2022) First quarter 2023 results: EPS: CN¥5.92 (up from CN¥2.53 in 1Q 2022). Revenue: CN¥1.00b (up 13% from 1Q 2022). Net income: CN¥284.3m (up 103% from 1Q 2022). Profit margin: 28% (up from 16% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 19
X Financial to Report Q1, 2023 Results on May 25, 2023 X Financial announced that they will report Q1, 2023 results Pre-Market on May 25, 2023 Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: CN¥15.40 (vs CN¥15.04 in FY 2021) Full year 2022 results: EPS: CN¥15.40. Revenue: CN¥3.56b (down 1.8% from FY 2021). Net income: CN¥812.0m (down 1.6% from FY 2021). Profit margin: 23% (in line with FY 2021). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 26% share price gain to US$3.82, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 4x in the Consumer Finance industry in the US. Total loss to shareholders of 25% over the past three years. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: CN¥3.95 (vs CN¥4.82 in 3Q 2021) Third quarter 2022 results: EPS: CN¥3.95 (down from CN¥4.82 in 3Q 2021). Revenue: CN¥894.6m (down 7.2% from 3Q 2021). Net income: CN¥211.7m (down 21% from 3Q 2021). Profit margin: 24% (down from 28% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Nov 15
X Financial, Annual General Meeting, Dec 09, 2022 X Financial, Annual General Meeting, Dec 09, 2022, at 10:00 China Standard Time. Location: 7/F – 8/F, Block A, Aerospace Science and Technology Plaza, No. 168 Haide Third Avenue, Nanshan District Shenzhen China Announcement • Nov 11
X Financial to Report Q3, 2022 Results on Nov 17, 2022 X Financial announced that they will report Q3, 2022 results Pre-Market on Nov 17, 2022 Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: CN¥3.36 (vs CN¥4.05 in 2Q 2021) Second quarter 2022 results: EPS: CN¥3.36 (down from CN¥4.05 in 2Q 2021). Revenue: CN¥824.3m (down 12% from 2Q 2021). Net income: CN¥185.7m (down 17% from 2Q 2021). Profit margin: 23% (down from 24% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Jul 28
X Financial to Report Q2, 2022 Results on Aug 09, 2022 X Financial announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 09, 2022 Recent Insider Transactions Derivative • Jun 16
Vice Chairman of the Board notifies of intention to sell stock Shaoyong Cheng intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of June. If the sale is conducted around the recent share price of US$2.51, it would amount to US$251k. As of today, Shaoyong currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • May 24
First quarter 2022 earnings released: EPS: CN¥2.55 (vs CN¥3.56 in 1Q 2021) First quarter 2022 results: EPS: CN¥2.55 (down from CN¥3.56 in 1Q 2021). Revenue: CN¥888.4m (down 2.0% from 1Q 2021). Net income: CN¥139.9m (down 27% from 1Q 2021). Profit margin: 16% (down from 21% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 43% per year. Announcement • May 18
X Financial to Report Q1, 2022 Results on May 24, 2022 X Financial announced that they will report Q1, 2022 results Pre-Market on May 24, 2022 Reported Earnings • Apr 01
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥3.63b (up 65% from FY 2020). Net income: CN¥825.4m (up CN¥2.13b from FY 2020). Profit margin: 23% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
X Financial (NYSE:XYF) announces an Equity Buyback for $15 million worth of its shares. X Financial (NYSE:XYF) commences share repurchases program on March 30, 2022. Under the program, the company is authorized to repurchase up to $15 million worth of its Class A ordinary shares in the form of American depositary shares (“ADSs”). The Company will fund repurchases out of its existing cash balance. The program will expire on September 29, 2023 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 27% share price decline to US$2.11, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 5x in the Consumer Finance industry in the US. Total loss to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.18, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 6x in the Consumer Finance industry in the US. Total loss to shareholders of 80% over the past three years. Recent Insider Transactions Derivative • Dec 16
Vice Chairman of the Board notifies of intention to sell stock Shaoyong Cheng intends to sell 65k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of December. If the sale is conducted around the recent share price of US$4.82, it would amount to US$313k. As of today, Shaoyong currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Richard Xue was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$3.76, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 7x in the Consumer Finance industry in the US. Total loss to shareholders of 82% over the past three years. Reported Earnings • Nov 25
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CN¥5.05 (up from CN¥2.11 loss in 3Q 2020). Revenue: CN¥964.4m (up 72% from 3Q 2020). Net income: CN¥279.9m (up CN¥392.9m from 3Q 2020). Profit margin: 29% (up from net loss in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Aug 12
X Financial Provides Financial Guidance for the Third Quarter of 2021 X Financial provided financial guidance for the third quarter of 2021. For the quarter, the company expects net income attributable to X Financial's shareholders to be no less than RMB 230 million. 
