X Financial Q2 Revenue Plunges 56% as Borrowers Vanish
XYF sits 64% above its 52-week low of $3.3.
Summary
X Financial's Q2 revenue collapsed 56% year-over-year to RMB 993.58 million, driven by a 74.8% plunge in active borrowers and sharply lower loan facilitation volumes. Adjusted net income fell to RMB 165.84 million, though it improved sequentially from Q1. The company repurchased 2.63 million ADSs and declared a $0.28 semi-annual dividend, signaling some capital return despite the downturn. Management cited regulatory uncertainty as a key risk and pledged disciplined underwriting and cost control. This follows the Q1 6-K showing a 91.7% net income drop and the June resignation of the Chief Risk Officer, underscoring persistent operational and governance challenges. The stock trades at 13x forward earnings, up from 12x three months ago, suggesting the market has not fully priced in the deterioration.
At the time of this announcement, XYF was trading at $5.40 on NYSE in the Finance sector, with a market capitalization of approximately $210.7M. The 52-week trading range was $3.30 to $16.40. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.