- FinVolution Group Press Release (NYSE:FINV): Q2 non-GAAP EPADS of $0.30.
- Revenues of USD 435.9 million (+3.0% y/y).
- Operational highlights for the Chinese market in Q2 2024: The total number of registered users as of June 30, 2024 was 162.2 million, an raise of 8.6% compared to June 30, 2023.
- As of June 30, 2024, the total number of borrowers was 25.9 million, an raise of 6.1% compared to June 30, 2023.
- The number of unique borrowers in the second quarter of 2024 amounted to 1.8 million, which means a decrease of 21.7% compared to the same period of 2023.
- The transaction volume in the second quarter of 2024 reached RMB 46.4 billion, an raise of 2.0% compared with the same period in 2023.
- The volume of transactions facilitated for returning individual borrowers in the second quarter of 2024 amounted to RMB 40.5 billion, an raise of 0.5% compared with the same period in 2023.
- As of June 30, 2024, the outstanding loan balance reached RMB 64.2 billion, an raise of 2.6% compared with June 30, 2023.
- The average loan size in the second quarter of 2024 was RMB9,956, compared with RMB7,816 in the same period in 2023.
- The average loan repayment period in the second quarter of 2024 was 8.0 months, compared to 8.4 months in the same period of 2023.
- The 90-day-plus delinquency rate was 2.65% as of June 30, 2024, compared to 1.68% as of June 30, 2023.
- The company maintains its full-year 2024 results the transaction volume forecast for the Chinese market is RMB 195.7 to 205.0 billion, a year-on-year raise of about 5.0% to 10.0%. At the same time, the company expects the transaction volume in international markets in 2024 to be RMB 9.4 to 11.0 billion, a year-on-year raise of about 20.0 to 40.0%.
FinVolution Group Non-GAAP EPADS of $0.30, revenue of $435.9 million; fiscal year 2024 guidance confirmed
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