FinVolution Group (FINV) Q3 2024 Earnings Call Transcript Summary
FinVolution Group (FINV) Q3 2024 Earnings Call Transcript Summary
Funding costs improved by an additional 50 basis points in Q3, with a total reduction of 190 basis points since the beginning of the year.The following is a summary of the FinVolution Group (FINV) Q3 2024 Earnings Call Transcript:
以下是信也科技集團（FINV）2024年第三季度業績會交易記錄摘要：
Financial Performance:
財務表現：
For Q3 2024, FinVolution Group reported a total transaction volume of RMB 52.2 billion and a total loan balance of RMB 68.1 billion, indicating a growth of 1.8% and 3.3% respectively year-over-year.
Net revenue for the quarter reached RMB 3.3 billion, marking a 3% increase year-over-year and sequentially; Net income was RMB 624 million, displaying a 9% rise year-over-year and a 13% increase sequentially.
Funding costs improved by an additional 50 basis points in Q3, with a total reduction of 190 basis points since the beginning of the year.
2024年第三季度，信也科技集團報告了總交易量爲522億元人民幣，總貸款餘額爲681億元人民幣，同比分別增長了1.8%和3.3%。
季度淨營業收入達到33億元人民幣，同比和環比均增長了3%；淨利潤爲62400萬人民幣，同比增長9%，環比增長13%。
在第三季度，資金成本進一步提高50個點子，全年累計降低了190個點子。
Business Progress:
業務進展：
FinVolution reported significant progress in its international expansion, now expecting about 20% of its 2024 revenue to come from international markets. The company has also bolstered its leadership in this area with new hires including Dr. Sun Xiaodong as Senior Vice President for International Business.
Strong growth was reported in new borrower numbers, especially in international markets, with a 60% year-over-year and 43% quarter-over-quarter increase in new borrowers from these regions.
The company highlighted its partnerships with multiple renowned local and global financial institutions, which have supported its growth and provided new strategic opportunities.
Leveraging technology through the integration of larger-language models into their operations, notably improving loan collection efficiency and securing against deepfake voice command frauds.
信也科技在國際擴張方面取得了重大進展，預計2024年約20%的營收來自國際市場。公司還通過新員工加入，包括孫曉東博士擔任國際業務高級副總裁，加強了該領域的領導力。
新增借款人數量增長強勁，特別是在國際市場，這些地區新借款人同比增長了60%，環比增長了43%。
該公司強調了與多家著名的當地和全球金融機構的合作伙伴關係，這些機構支持了其增長並提供了新的戰略機遇。
通過將更大規模的語言模型整合到業務中，藉助技術，明顯提高了貸款收集效率，並防範了深度僞造語音命令詐騙。
Opportunities:
機會：
Market expansion is evident as international revenue is projected to grow significantly. The company aims to make 50% of its revenue from international markets by 2030.
The company's partnerships with leading digital and traditional financial institutions promote operational synergies and enhance market penetration.
隨着國際營收預計顯著增長，市場擴張明顯。該公司計劃到2030年將50%的營收來自國際市場。
該公司與領先的數字和傳統金融機構的合作伙伴關係推動了運營協同效應，並增強了市場滲透力。
Risks:
風險：
Even with positive developments, the growth in AI services could be gradual as technologies mature and integrate into the market.
儘管有積極發展，人工智能服務的增長可能是漸進的，因爲技術成熟並整合到市場中。
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：本文由人工智能生成。內容準確性無法完全保證。如需更全面詳情，請參閱IR網站。本文僅供投資者參考，不具有任何指導或推薦建議。
