FinVolution Group

FinVolution Group is an online consumer finance platform in China connecting underserved individual borrowers with financial institutions. The firm has developed technologies and accumulates in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The company's platform, empowered by proprietary cutting-edge technologies, features an automated loan transaction process, which enables a superior user experience. FinVolution Group was founded by Shao Feng Gu, Hong Hui Hu, Tie Zeng Li, and Jun Zhang in 2007 and is headquartered in Shanghai, China.

Earnings data Q1 2021

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FinVolution Group reports robust Q1 performance amidst market challenges

FinVolution Group's Q1 2023 performance reflects resilience amidst domestic market challenges, with strong revenue and income growth.
The company's strategic strengths in technology investments, risk management, and international market expansion bode well for future growth.
While facing macroeconomic headwinds, FinVolution Group remains focused on innovation and shareholder value creation, positioning itself for sustainable growth.

FinVolution Group reports robust Q2 earnings and eyes international expansion

FinVolution Group's Q2 2023 earnings call showcased strong financial performance, strategic initiatives, and growth prospects in the Pan-Asian region and international markets.
The company's focus on technology, ESG, and shareholder value enhancement positions them well for future success, despite potential challenges in regulatory environments and competition.
With a solid foundation in place and a positive outlook for increased transaction volumes, FinVolution Group remains poised for continued growth and market leadership.

FinVolution Group reports robust Q3 performance and eyes international growth

FinVolution Group's Q3 performance reflects a resilient business model with strong growth momentum in key markets and successful international expansion efforts.
While the company faces challenges related to market risks and cost management, its strategic strengths in risk management and market expansion position it well for future growth.
By capitalizing on domestic and international opportunities and addressing key concerns raised during the call, FinVolution Group can navigate challenges effectively and drive sustainable value creation for shareholders.

FinVolution Group reports robust 2023 performance and eyes international expansion

FinVolution Group's Q4 2023 earnings call highlighted strong financial performance, growth in domestic and international markets, and a commitment to technological advancements and ESG initiatives. The company aims for continued expansion and sustainable development in 2024, with a focus on operational excellence and shareholder returns. Challenges include regulatory uncertainties and competitive pressures, while opportunities exist in international expansion and growth projections.

FinVolution Group posts robust Q1 results, eyes tech-driven growth

FinVolution Group's Q1 2024 earnings call showcased strong financial performance, with growth in key markets and international business revenue. While facing challenges related to market competition and profitability, the company remains optimistic about future growth opportunities and is focused on leveraging technology and strategic initiatives to drive value for shareholders.

FinVolution Group excels in Q2 2024, eyes international fintech expansion

FinVolution Group's Q2 2024 earnings call highlighted strong performance, customer acquisition success, and a focus on technology and ESG principles. The company aims to become an international fintech platform, deliver consistent returns, and enhance shareholder value through its capital return program. Challenges include managing loan demand, optimizing customer acquisition, and balancing growth with risk management.

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FinVolution Group is an online consumer finance platform in China connecting underserved individual borrowers with financial institutions. It developed technologies and accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data, and artificial intelligence. The company's platform empowered by proprietary cutting-edge technologies, features an automated loan transaction process, which enables superior user experience. The company was founded by Shao Feng Gu, Hong Hui Hu, Tie Zeng Li, and Jun Zhang in June 2007 and is headquartered in Shanghai, China.

FinVolution Group's internationalization efforts, big data analytics, and machine learning capabilities could drive significant free cash flow and operational efficiency, making the stock appear undervalued and a buy. The company focuses on young borrowers underserved by traditional institutions, generating revenue through transaction service fees from financial partners. FINV's automated platforms and stock repurchase programs enhance profit margins and stock price potential, supported by impressive cash flow and net income growth.

FinVolution: Big Data, Proven FCF Growth, And Substantial Undervaluation

FinVolution Group's overseas expansion strategy, 'Local Excellence, Global Outlook' (LE-GO), aims for sustainable growth in emerging markets outside China, enhancing its international revenue contribution to 20% in 2024. Despite a saturated China market, FINV's risk management and funding cost optimizations support progressive profit and shareholder returns. The Company's international markets, particularly Indonesia and the Philippines, show promising profitability and growth, with significant collaborations and diversified financial products.

FinVolution: Strong Growth Trajectory Ahead Through LE-GO Strategy

FinVolution Group (NYSE:FINV ) Q3 2024 Results Conference Call November 18, 2024 7:30 PM ET Company Participants Jimmy Tan - Head of IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Alex Ye - UBS Cindy Wang - China Renaissance Yada Li - CICC Operator Hello, ladies and gentlemen. Thank you for participating in the third quarter 2024 earnings conference call for FinVolution Group.

FinVolution Group (FINV) Q3 2024 Earnings Call Transcript

-Third Quarter Total Transaction Volume reached RMB52.2 billion, up 1.8% year-over-year--Third Quarter International Transaction Volume reached RMB2.7 billion, up 22.7% year-over-year--Third Quarter International Revenues increased to RMB635.5 million, up 8.7% year-over-year, contributing 19.4% of total net revenues- SHANGHAI , Nov. 18, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced its unaudited financial results for the third quarter ended September 30, 2024. For the Three Months Ended/As of YoY Change September 30 ,  202 3 September 30 ,  202 4 Total Transaction Volume (RMB in billion s )[ 1]           51.3 52.2 1.8 % Transaction Volume (China's Mainland)[2] 49.1 49.5 0.8 % Transaction Volume (International)[3] 2.2 2.7 22.7 % Total Outstanding Loan Balance (RMB in billion s ) 65.9 68.1 3.3 % Outstanding Loan Balance (China's Mainland)[4]   64.6 66.5 2.9 % Outstanding Loan Balance (International)[5] 1.3 1.6 23.1 % Third Quarter 2024 China Market Operational Highlights Cumulative registered users[6] reached 166.8 million as of September 30, 2024, an increase of 9.3% compared with September 30, 2023.

FinVolution Group Reports Third Quarter 2024 Unaudited Financial Results

-Earnings Call Scheduled for 7 : 30 p .m. ET on November 18 , 2024- SHANGHAI , Nov. 5, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its third quarter 2024 unaudited financial results, on Monday, November 18, 2024, after the close of U.S. markets.

FinVolution Group to Report Third Quarter 2024 Financial Results on Monday, November 18, 2024

SHANGHAI , Oct. 29, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Indonesian financial application, AdaKami, has entered into a strategic funding agreement with PT Super Bank Indonesia, a leading digital-focused bank in Indonesia. Under the terms of the agreement, Superbank will provide AdaKami with a funding facility of 500.0 billion Rupiah (approximately US$32.0 million).

FinVolution Subsidiary AdaKami Enters into Strategic Funding Agreement with PT Super Bank, Indonesia

FINV.us (信也科技) experienced a notable stock price surge, rising by 5.02%. The stock is currently trading at $6.69 per share with a trading volume of 1.07369 million shares, reflecting a turnover rate of 0.41% and an amplitude of 3.06%.

FINV Sees Significant Stock Price Increase by 5.02%

I am bullish on FinVolution Group due to its diverse market reach, robust risk management strategies, and commitment to shareholder value through dividends and share buybacks. The stock is undervalued with a P/E ratio of 4.82x and a NAV/share of $7.64, presenting a good entry opportunity. FinVolution's expansion into emerging markets like the Philippines and Indonesia, coupled with its mature Chinese market, ensures both short- and long-term growth.

FinVolution: Market Diversity And Risk Management Are Major Competitive Advantages

FinVolution Group (NYSE:FINV ) Q2 2024 Earnings Conference Call August 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Cindy Wang - China Renaissance Yada Li - CICC Alex Ye - UBS Operator Hello, ladies and gentlemen. Thank you for participating in the Second Quarter 2024 Earnings Conference Call for FinVolution Group.

FinVolution Group (FINV) Q2 2024 Earnings Conference Call Transcript

-H1 China Transaction Volume reached RMB92.5 billion, up 6.0% year-over-year--H1 International Transaction Volume reached RMB4.5 billion, up 32.4% year-over-year--H1 International Revenues increased to RMB1,157.7 million, up 21.9% year-over-year and contributing 18.3% of total net revenues- SHANGHAI , Aug. 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. For the Three Months Ended/As of YoY Change June 30 , 202 3 June 30 , 202 4 Total Transaction Volume (RMB in billion s ) 1           47.3 48.7 3.0 % Transaction Volume (China's Mainland)2 45.5 46.4 2.0 % Transaction Volume (International)3 1.8 2.3 27.8 % Total Outstanding Loan Balance (RMB in billion s ) 63.7 65.6 3.0 % Outstanding Loan Balance (China's Mainland)4   62.6 64.2 2.6 % Outstanding Loan Balance (International)5 1.1 1.4 27.3 %   Second Quarter 2024 China Market Operational Highlights Cumulative registered users6 reached 162.2 million as of June 30, 2024, an increase of 8.6% compared with June 30, 2023.

FinVolution Group Reports Second Quarter 2024 Unaudited Financial Results

-Earnings Call Scheduled for 8 :30 p .m. ET on August 20, 2024- SHANGHAI , Aug. 6, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its second quarter 2024 unaudited financial results, on Tuesday, August 20, 2024, after the close of U.S. markets.

FinVolution Group to Report Second Quarter 2024 Financial Results on Tuesday, August 20, 2024

FinVolution is trading at a significant discount with a forward P/E ratio of 3.7x and a price/book multiple below 1x, offering an attractive entry point for investors. The company has shown robust loan balance growth and successful international expansion, positioning itself as a leading player in both the Chinese and Southeast Asian credit-tech markets. While FinVolution assumes a higher risk profile by taking on all default risk in its loan portfolio, its robust cash reserves and efficient risk management strategies mitigate potential financial setbacks.

Capitalize On Chinese Credit Tech Rebound Through FinVolution's Bargain Valuation

SHANGHAI , July 22, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced it has released its 2023 Environmental, Social, and Governance (ESG) report, the Company's sixth consecutive annual ESG report. The report provides a comprehensive overview of FinVolution's ESG priorities and endeavors in 2023, reaffirming the Company's long-standing commitment to sustainability and fulfilling corporate social responsibility with innovative, green technologies.

FinVolution Publishes Sixth Annual ESG Report

SHANGHAI , July 2, 2024 /PRNewswire/ -- Deepfake technology, an artificial intelligence tool capable of generating convincingly fake audio and video, is increasingly being used to perpetrate financial crimes worldwide, raising serious concerns about sophisticated fraud. In a notable incident reported by CNN earlier this year, a finance worker was tricked into transferring $25 million during a video call with an individual posing as the company's chief financial officer (CFO), who was actually a deepfake.

Innovating Security: How FinVolution is Taking Next-Generation Technologies to Fight Deepfake-Driven Financial Crimes

SHANGHAI , June 24, 2024 /PRNewswire/ -- FinVolution Group, a leading fintech company, has been awarded the "Best Consumer Lending Technology Implementation in China" alongside CITIC Consumer Finance at the Asian Banker China Awards 2024. This award acknowledges FinVolution's dedication to providing innovative technology to financial institution partners.

FinVolution Group Wins Asian Banker's Award for "Best Consumer Lending Technology Implementation in China"

SHANGHAI , June 20, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial subsidiaries Wefund Lending Corporation and Lightning Financing Company entered into a loan facilitation agreement totaling 2.75 billion Peso (US$47.5 million) with Maya Bank, a pioneering digital bank dedicated to empowering the experience of its consumers and enterprise clients, and improve credit accessibility for the unbanked and underserved communities in the Philippines. JuanHand, an online lending platform with around 6 million registered users under Wefund Lending Corporation emerged as the preferred online platform for tech-empowered cash lending and other financial solutions among Filipinos.

FinVolution's Philippines Subsidiary Cooperates with Maya Bank, Boosting Credit Accessibility

FinVolution Group is estimated to offer a potential shareholder yield in the teens for fiscal 2024, considering analyst consensus dividend projections and the company's annualized share repurchases. However, I am concerned that FinVolution Group's actual FY 2024 bottom-line performance could be weaker-than-expected due to asset quality issues and elevated marketing investments. I have decided to stick with a Hold rating for FinVolution after assessing its shareholder capital return and its earnings risk factors.

FinVolution: Appealing Shareholder Yield Is Overshadowed By Downside Risks

FinVolution Group (NYSE:FINV ) Q1 2024 Earnings Conference Call May 15, 2024 8:30 PM ET Company Participants Jimmy Tan - Head of Investor Relations Tiezheng Li - Vice Chairman, President and Chief Executive Officer Jiayuan Xu - Chief Financial Officer Conference Call Participants Yada Li - CICC Thomas Chong - Jefferies Alex Ye - UBS Hannah Han - Nomura Operator Ladies and gentlemen, hello and thank you for participating in the First Quarter 2024 Earnings Conference Call for FinVolution Group. At this time, all participants are in listen-only mode.

FinVolution Group (FINV) Q1 2024 Earnings Call Transcript

-First Quarter China Transaction Volume reached RMB46.1 billion, up 10.3% year-over-year--First Quarter International Transaction Volume reached RMB2.21 billion, up 40.8% year-over-year--First Quarter International Revenues increased to RMB594.8 million, up 32.9% year-over-year and contributing 18.8% of total net revenues- SHANGHAI , May 15, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. For the Three Months Ended/As of YoY Change March  31, 202 3 March  31, 202 4 Total Transaction Volume (RMB in billions) [1] 43.4 48.3 11.3 % Transaction Volume (China's Mainland)[2] 41.8 46.1 10.3 % Transaction Volume (International)[3] 1.57 2.21 40.8 % Total Outstanding Loan Balance (RMB in billions) 62.3 65.3 4.8 % Outstanding Loan Balance (China's Mainland)[4] 61.3 64.0 4.4 % Outstanding Loan Balance (International)[5] 0.95 1.27 33.7 % First Quarter 2024 China Market Operational Highlights Cumulative registered users[6] reached 158.7 million as of March 31, 2024, an increase of 8.3% compared with March 31, 2023.

FinVolution Group Reports First Quarter 2024 Unaudited Financial Results

-Earnings Call Scheduled for 8:30 p .m. ET on May 15, 2024- SHANGHAI , May 8, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its first quarter 2024 unaudited financial results, on Wednesday, May 15, 2024, after the close of U.S. markets.

FinVolution Group to Report First Quarter 2024 Financial Results on Wednesday, May 15, 2024

SHANGHAI , April 25, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 25, 2024.  The annual report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at http://ir.finvgroup.com.

FinVolution Group Files 2023 Annual Report on Form 20-F

SHANGHAI , April 24, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial application, Juanhand, has entered into a strategic cooperation agreement with UnionBank of the Philippines (UnionBank), a digital bank dedicated to embracing technological innovations to empower its customers. Under the terms of the agreement, UnionBank will provide Juanhand with a funding facility of approximately 45 million pesos, accelerating financial inclusion for Juanhand users.

FinVolution's Philippine Subsidiary Cooperates with Union Bank of the Philippines, Accelerating Financial Inclusion

Established in China in 2007, FinVolution Group has successfully transitioned from a P2P lending platform to a loan facilitation model, serving as an intermediary between borrowers and collaborated financial institutions. Despite the regulatory pressures and challenges posed by the COVID-19 pandemic, FinVolution has demonstrated remarkable resilience in terms of its robust growth in transaction volume, outstanding loan balance across Pan-Asia. FinVolution has successfully replicated know-how in Indonesia and the Philippines. By the conclusion of 2023, approximately 17% of the total revenue will be derived from these international operations.

FinVolution Q4 2023: Striking A Balance Between Growth And Shareholder Returns

SHANGHAI, March 28, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Philippines financial application, Juanhand, has entered into a strategic cooperation agreement with SeaBank Philippines Bank ("SeaBank"), an innovative bank dedicated to bettering the lives of individuals and businesses in the region with financial services through technology. Under the terms of the agreement, SeaBank will provide Juanhand with a funding facility of approximately 300 million pesos, broadening Juanhand users' access to financial services.

FinVolution's Philippine Subsidiary Cooperates with SeaBank Philippines, Propelling Regional Growth

FinVolution Group (FINV) Q4 2023 Earnings Call Transcript

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