Earnings Call Summary | X Financial(XYF.US) Q4 2023 Earnings Conference
Earnings Call Summary | X Financial(XYF.US) Q4 2023 Earnings Conference
The following is a summary of the X Financial (XYF) Q4 2023 Earnings Call Transcript:
以下是X Financial（XYF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
X Financial reported a 43% increase in facilitated and originated loans in 2023 compared to last year, contributing significantly to revenue growth.
Total net revenue saw a 35% spike annually, income from operations rose by 33%, and the net income showed a 46% improvement.
The total loan amount for Q4 2023 was RMB 26 billion, marking a 20% annual increase but an 11% quarter-over-quarter fall.
Delinquency rates shot up to 1.57% for loans overdue by 31 to 60 days and 3.12% for 91 to 180 days by the end of the quarter.
X Financial報告稱，與去年相比，2023年便利貸款和發放貸款增長了43％，爲收入增長做出了重大貢獻。
總淨收入每年增長35％，運營收入增長33％，淨收入增長46％。
2023年第四季度的貸款總額爲260億元人民幣，年增長20％，但同比下降11％。
到本季度末，逾期31至60天的貸款的拖欠率飆升至1.57％，逾期91至180天的拖欠率飆升至3.12％。
Business Progress:
業務進展：
X Financial scaled down loan volumes in Q4 2023 in response to rising risk levels in asset quality, with a focus on profitability over volume growth.
The company introduced measures to mitigate risk and adjust the business model to ensure profitable sustainability.
The strategic plan for 2024 aligns with market conditions in China and is geared towards caution.
The company aims to return value to shareholders, expecting to pay dividends when profits and operations allow. In Q4, the company repurchased 36,000 ADS for US$143,000 with another US$5.5 million slated for potential repurchases.
Plans to strengthen risk management systems to improve asset quality and balance revenue and profitability growth are being put in place for Q1 2024, with a loan target set to between RMB 21 billion and RMB 22.5 billion.
Other notable strategies include improving the company's visibility and stock value, ramping up news releases and roadshows once the stock price amasses $5 consistently.
X Financial在2023年第四季度縮減了貸款量，以應對資產質量風險水平的上升，重點是盈利能力而不是數量增長。
該公司出臺了降低風險和調整業務模式的措施，以確保盈利的可持續性。
2024年的戰略計劃符合中國的市場狀況，並以謹慎爲導向。
該公司的目標是向股東返還價值，期望在利潤和運營允許的情況下支付股息。在第四季度，該公司以14.3萬美元的價格回購了36,000份ADS，另外550萬美元計劃用於潛在的回購。
2024年第一季度正在制定加強風險管理體系以改善資產質量並平衡收入和盈利能力增長的計劃，貸款目標設定在210億元至225億元人民幣之間。
其他值得注意的策略包括提高公司的知名度和股票價值，一旦股價持續累積5美元，就增加新聞發佈和路演的力度。
More details: X Financial IR
更多詳情： X 金融投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。