Shares of X Financial (NYSE: XYF) are soaring 5.47% in intraday trading, following the release of the company's impressive fourth-quarter 2024 financial results and optimistic projections for 2025. The Chinese personal finance service provider has demonstrated robust growth and profitability, attracting investor attention.
X Financial reported a stellar performance for Q4 2024, with total loan volumes reaching RMB32 billion, representing a 24% year-over-year increase. The company's net income for the quarter more than doubled, surging 104% to RMB386 million. Total net revenue also saw a significant boost, climbing 43% year-over-year to RMB1.7 billion. These strong results have exceeded market expectations and contributed to the stock's upward momentum.
Looking ahead, X Financial has provided an encouraging outlook for 2025. The company expects loan volumes for Q1 2025 to be between RMB33.5 billion and RMB34.5 billion, with full-year 2025 loan volumes projected to reach RMB134.4 billion to RMB138.4 billion. This positive guidance, coupled with the company's strategic AI investments and improved efficiency, has bolstered investor confidence in X Financial's growth potential. Additionally, the company's commitment to shareholder returns, including share repurchases and dividend payments, has further enhanced its appeal to investors.
