Earnings Call Summary | X Financial(XYF.US) Q1 2024 Earnings Conference
Earnings Call Summary | X Financial(XYF.US) Q1 2024 Earnings Conference
The following is a summary of the X Financial (XYF) Q1 2024 Earnings Call Transcript:
以下是X Financial（XYF）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Q1 2024 reported total net revenue of RMB 1.2 billion, up 20% year-over-year.
Net income increased markedly by 28% year-over-year to RMB 363 million, and by 92% quarter-over-quarter.
Notable financial maneuvers include a new share repurchase program authorized up to $20 million.
2024年第一季度报告的总净收入为人民币12亿元，同比增长20％。
净收入同比显著增长28％，达到3.63亿元人民币，同比增长92％。
值得注意的财务手段包括一项新的股票回购计划，授权金额高达2000万美元。
Business Progress:
业务进展：
X Financial managed a proactive adjustment of loan volumes, contributing to profitability despite reduced loan output.
Forward-looking plans include maintaining stabilized outlook on asset quality and aiming for total 2024 loan facilitation and origination around RMB 100 billion.
X Financial积极调整了贷款量，尽管贷款产出有所减少，但仍促进了盈利能力。
前瞻性计划包括保持稳定的资产质量前景，目标是2024年贷款便利化和发放总额约1,000亿元人民币。
Opportunities:
机会：
X Financial remains committed to stringent risk controls and enhanced operational efficiency to drive sustainable profitability.
X Financial仍然致力于严格的风险控制和提高运营效率，以推动可持续的盈利能力。
Risks:
风险：
An increased delinquency rate was observed, with rates for loans past due 31 to 60 days at 1.61% and for 91 to 180 days at 4.37%, due to proactive control of loan volumes.
The broader economic environment poses challenges, with elevated risk levels still present within the loan portfolio.
由于积极控制了贷款量，拖欠率上升，逾期31至60天的贷款利率为1.61％，91至180天的贷款利率为4.37％。
更广泛的经济环境带来了挑战，贷款组合中仍然存在较高的风险水平。
More details: X Financial IR
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Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。