The following is a summary of the X Financial (XYF) Q1 2024 Earnings Call Transcript:
Financial Performance:
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.
Business Progress:
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.
Opportunities:
Risks:
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.
More details: X Financial IR
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以下は、X Financial (XYF) Q1 2024決算説明会の概要です:
財務実績:
2024年第1四半期の総売上高は12億元で、前年比20%増となりました。
当期純利益は2,820万元と、前年比28%増、前四半期比92%増と大幅に増加しました。
注目すべき財務手段には、最大2,000万ドルまで許可された新しい株式買取プログラムが含まれます。
ビジネスの進展:
機会:
リスク:
詳細はこちら:X Financial IR
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