Chinese fintech platform X Financial's Q3 revenue rises

X Financial

20/11/2025 22:00

Overview

X Financial Q3 revenue up 23.9% YoY, but down 13.7% QoQ due to moderating borrower activity

Net income for Q3 rises 12.1% YoY, declines sequentially due to higher credit costs

Company repurchased 4.26 mln ADSs, from January 1, 2025 through November 20, 2025

Outlook

X Financial expects Q4 2025 loan originations between RMB21.0–23.0 bln

Company forecasts full-year 2025 loan originations of RMB128.8–130.8 bln

Result Drivers

MODERATING BORROWER ACTIVITY - Co attributes sequential revenue decline to moderating borrower activity and a cautious lending environment

PRIORITIZING ASSET QUALITY - Co deliberately moderated loan growth to prioritize asset quality and risk control

HIGHER CREDIT COSTS - Sequential decline in net income due to higher credit-related provisions and rising operating costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 1.96 bln
Q3 EPS
RMB 10.08
Q3 Adjusted Net Income
RMB 438.18 mln


Analyst Coverage

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release: ID:nPn5J6wbqa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)