- Press release from the FinVolution Group (NYSE:FINV): Q4 Non-GAAP EPAD of $0.29.
- Revenues equal to 454 million dollars (+5.7% y/y).
- Q4 2023 China Market Operational Highlights: Cumulative registered users reached 155.6 million as of December 31, 2023, an increase of 8.1% compared to December 31, 2022.
- As of December 31, 2023, cumulative borrowers in the Chinese market reached 25.2 million, an increase of 6.8% compared to December 31, 2022.
- The number of unique borrowers for the fourth quarter of 2023 was 2.1 million, down 14.9% from the same period in 2022.
- Transaction volume reached RMB50.1 billion in the fourth quarter of 2023, an increase of 6.1% compared to the same period in 2022.
- The volume of facilitated transactions for individual repeat borrowers for the fourth quarter of 2023 was RMB42.8 billion, an increase of 4.4% compared to the same period in 2022.
- The outstanding loan balance reached RMB66.1 billion as of December 31, 2023, an increase of 3.6% compared to December 31, 2022.
- The average loan amount was RMB9,044 for the fourth quarter of 2023, compared to RMB7,682 for the same period in 2022.
- The average loan term was 8.2 months for the fourth quarter of 2023, compared to 8.6 months for the same period in 2022.
- The 90-day+ delinquency rate was 1.93% as of December 31, 2023, compared to 1.41% as of December 31, 2022.
- View: The company currently expects full-year 2024 transaction volume for the China market to be between RMB195.7 billion and RMB205.0 billion, with year-over-year growth of between 5.0% and approximately 10.0%. At the same time, the company expects full-year 2024 transaction volume for its international markets to be between RMB 9.4 billion and RMB 11.0 billion, with year-over-year growth ranging from approximately 20.0% and 40.0%.
More information about the FinVolution group