FinVolution(FINV)

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FinVolution(FINV) - 2023 Q2 - Earnings Call Transcript
2023-08-29 18:04
FinVolution Group (NYSE:FINV) Q2 2023 Results Conference Call August 28, 2023 8:30 PM ET Company Participants Jimmy Tan - Head, IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Yada Li - CICC Frank Zheng - Credit Suisse Alex Ye - UBS Thomas Chong - Jefferies Cindy Wang - China Renaissance Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2023 Earnings Conference Call for FinVolution Group. [Operator Instructions] Today's conference call is being record ...
FinVolution(FINV) - 2023 Q3 - Quarterly Report
2023-08-28 16:00
Exhibit 99.1 FinVolution Group Reports Second Quarter 2023 Unaudited Financial Results -International transaction volume guidance for full-year 2023 raised to RMB7.7 billion, representing year-over-year growth of around 80.0%- -International transaction volume increased 100.0% year-over-year, contributing 16.3% of total revenue- -International revenue reached RMB502.5 million, a year-over-year increase of 112.1%- SHANGHAI, Aug. 28, 2023 /PRNewswire/ – FinVolution Group ("FinVolution," or the "Company") (NYS ...
FinVolution(FINV) - 2023 Q1 - Earnings Call Presentation
2023-05-18 04:01
| --- | --- | --- | --- | |-----------|-------|-------------------------------------------|-------| | | | | | | | | | | | | | FinVolution Group Investor Presentation | | | i l . · • | | May 2023 | | mmun Disclaimer This presentation has been prepared by FinVolution Group (the "Company") pursuant to Section 5(d) of the U.S. Securities Act of 1933, as amended (the "Securities Act") solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or ...
FinVolution(FINV) - 2023 Q1 - Earnings Call Transcript
2023-05-18 03:59
FinVolution Group (NYSE:FINV) Q1 2023 Earnings Conference Call May 17, 2023 8:30 PM ET Company Participants Jimmy Tan - Head, Investor Relations Tiezheng Li - Chief Executive Officer Jiayuan Xu - Chief Financial Officer Conference Call Participants Yada Li - CICC Alex Ye - UBS Frank Zheng - Credit Suisse Operator Hello, ladies and gentlemen. Thank you for participating in the First Quarter 2023 Earnings Conference Call for FinVolution Group. At this time, all participants are in listen-only mode. After mana ...
FinVolution(FINV) - 2023 Q2 - Quarterly Report
2023-05-17 16:00
Exhibit 99.1 1 FinVolution Group Reports First Quarter 2023 Unaudited Financial Results -Net revenue reached RMB3,050.6 million, representing a year-over-year increase of 24.7% - -International business revenue contribution reached 14.7% of total revenue for the first quarter through Local Focus, Global Outlook Strategy- SHANGHAI, May 17, 2023 /PRNewswire/ — FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the f ...
FinVolution(FINV) - 2022 Q4 - Annual Report
2023-04-24 16:00
Table of Contents Title of each classTrading SymbolName of each exchange on which registered American depositary shares (one American depositary share representing five Class A ordinary shares, par value US$0.00001 per share) FINV New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...
FinVolution(FINV) - 2022 Q4 - Annual Report
2023-04-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number 001- 38269 FinVolution Group (Registrant's name) Building G1, No. 999 Dangui Road Pudong New District, Shanghai 201203 The People's Republic of China (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports u ...
FinVolution(FINV) - 2022 Q4 - Earnings Call Transcript
2023-03-15 03:53
FinVolution Group (NYSE:FINV) Q4 2022 Earnings Conference Call March 14, 2023 8:30 PM ET Company Participants Jimmy Tan - Head, IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Alex Ye - UBS Yada Li - CICC Thomas Chong - Jefferies Operator Hello, ladies and gentlemen, thank you for participating in the Fourth Quarter and Full Year 2022 Earnings Conference Call for FinVolution Group. [Operator Instructions]. I will now turn the call over to your host, Mr. Jimmy Tan, Head of Investor Relatio ...
FinVolution(FINV) - 2023 Q1 - Quarterly Report
2023-03-14 16:00
Financial Performance - Total transaction volume for FY 2022 reached RMB 175.4 billion, a year-over-year increase of 27.7%[2] - Fourth quarter 2022 net revenue was RMB 3,050.0 million, up 24.6% from RMB 2,448.0 million in Q4 2021[13] - Net revenue for 2022 increased by 17.6% to RMB11,134.2 million (US$1,614.3 million) from RMB9,470.1 million in 2021[29] - Net revenues for Q4 2022 reached RMB 3,049,976, representing a 24.6% increase from RMB 2,448,023 in Q4 2021[64] - The operating profit for the year ended December 31, 2022, was RMB 2,515,338, a decrease of 3.7% compared to RMB 2,613,766 in 2021[61] - Non-GAAP net profit for Q4 2022 was RMB 577,309, down 16.0% from RMB 686,605 in Q4 2021[64] - Non-GAAP net profit attributable to FinVolution Group for the year 2022 was RMB 2,355,412, a decrease of 9.5% from RMB 2,604,160 in 2021[64] User and Transaction Metrics - Total cumulative registered users reached 159.4 million as of December 31, 2022, a 13.6% increase compared to the same period in 2021[5] - Transaction volume for repeat individual borrowers in Q4 2022 was RMB 42.1 billion, an increase of 34.1% compared to Q4 2021[5] - International business revenue contribution was 12.9% of total revenue in Q4 2022, increasing by 121.9% year-over-year to RMB 394.9 million[2] Loan and Financial Position - Outstanding loan balance as of December 31, 2022 was RMB 64.6 billion, reflecting a 28.4% increase year-over-year[5] - Average loan size for Q4 2022 was RMB 7,682, compared to RMB 6,114 in the same period of 2021[9] - Cash and short-term liquidity position strengthened to RMB 7,063.4 million as of December 31, 2022, a year-over-year increase of 25.6%[12] - As of December 31, 2022, the Company had cash and cash equivalents of RMB3,636.4 million (US$527.2 million) and short-term investments of RMB3,427.0 million (US$496.9 million)[27] Profitability and Margins - Net profit for Q4 2022 was RMB 556.3 million, a decrease of 14.4% from RMB 649.7 million in Q4 2021[25] - Diluted net profit per ADS was RMB1.91 (US$0.28), a decrease of 13.6% year-over-year[26] - The operating margin for Q4 2022 was 20.2%, compared to 21.4% in Q4 2021, indicating a decline in profitability[64] Provisions and Liabilities - Provision for accounts receivable increased by 489.0% to RMB 112.5 million in Q4 2022, up from RMB 19.1 million in Q4 2021[20] - Provision for accounts receivable and contract assets increased by 180.8% to RMB390.9 million (US$56.7 million) for 2022[35] - The total liabilities of FinVolution Group increased to RMB 8,938,422 as of December 31, 2022, compared to RMB 7,428,941 as of December 31, 2021, reflecting a rise of 20.3%[60] Shareholder Information - The company had cumulatively repurchased its own Class A ordinary shares in the form of ADSs with a total aggregate value of approximately US$182.3 million[44] - The weighted average number of ordinary shares used in computing net income per share for the year ended December 31, 2022, was 1,412,648,862[61] - The company reported a basic net profit per share attributable to FinVolution Group's ordinary shareholders of RMB 1.60 for the year ended December 31, 2022[61] - The weighted average number of diluted ordinary shares for 2022 was 1,454,291,316, compared to 1,482,501,832 in 2021[64] Future Guidance - The Company expects domestic full year transaction volume for 2023 to be in the range of RMB189.0 billion to RMB205.0 billion, representing a year-over-year growth of approximately 10.0% to 20.0%[45] - The Company announced international full year transaction volume guidance for 2023 to be around RMB6.4 billion, representing a year-over-year growth of approximately 50.0%[45]
FinVolution(FINV) - 2022 Q3 - Earnings Call Transcript
2022-11-15 05:03
FinVolution Group (NYSE:FINV) Q3 2022 Earnings Conference Call November 14, 2022 7:30 PM ET Company Participants Jimmy Tan - Head, IR Feng Zhang - CEO Jiayuan Xu - CFO Conference Call Participants Yada Li - CICC Alex Ye - UBS Frank Zheng - Crédit Suisse Thomas Chong - Jefferies Operator Hello, ladies and gentlemen. Thank you for participating in the third quarter 2022 Earnings Conference Call for FinVolution Group. [Operator Instructions]. Today's conference call is being recorded. I would now turn the call ...