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.

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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.

-2023 Full Year Total Transaction Volume reached new record high of RMB194.3 billion, up 10.8% compared to Fiscal Year 2022- -2023 Full Year Net Revenues reached new record high to RMB12.5 billion, up 12.7% compared to Fiscal Year 2022- -2023 Full Year International Transaction Volume increased to RMB7.85 billion, up 84.7% compared to Fiscal Year 2022- -2023 Full Year International Revenues increased to RMB2.1 billion, up 85.9% compared to Fiscal Year 2022 and contributing 17.0% of total net revenues- SHANGHAI , March 18, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. For the Three Months Ended/As of December 31,             YoY  Change For Full Year  EndedD e cember 31, YoY Change 2022 2023 2022 2023 Total Transaction Volume (RMB inbillion)[ 1]            48.6 52.4 7.8 % 175.4 194.3 10.8 % Transaction Volume (China'sMainland)[2] 47.2 50.1 6.1 % 171.1 186.4   8.9 % Transaction Volume (International)[3] 1.37 2.25 64.2 % 4.25 7.85 84.7 % Total Outstanding Loan Balance(RMB in billion) 64.6 67.4 4.3 % 64.6 67.4 4.3 % Outstanding Loan Balance (China'sMainland)[4] 63.8 66.1 3.6 % 63.8 66.1 3.6 % Outstanding Loan Balance(International)[5] 0.80 1.26 57.5 % 0.80 1.26 57.5 % Fourth Quarter 2023 China Market Operational Highlights Cumulative registered users[6] reached 155.6 million as of December 31, 2023, an increase of 8.1% compared with December 31, 2022.

FinVolution Group Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

-Earnings Call Scheduled for 8:30 p .m. ET on March 18, 2024- SHANGHAI , March 5, 2024 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its fourth quarter and fiscal year 2023 unaudited financial results, on Monday, March 18, 2024, after the close of U.S. markets.

FinVolution Group to Report Fourth Quarter and Fiscal Year 2023 Financial Results on Monday, March 18, 2024

Harte Hanks

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FinVolution Group's earnings fell in fiscal 2022, but the company is expected to return to growth in fiscal 2023. The company's earnings yield and return on capital point to a strong investment case. The technicals of FINV stock have not been responding, but improvements in operations and international markets could lead to significant gains.

FinVolution Remains A Long-Term Bullish Play

FinVolution Group (NYSE:FINV ) Q3 2023 Results Conference Call November 20, 2023 7:30 PM ET Company Participants Jimmy Tan - Head, IR Tiezheng Li - CEO Jiayuan Xu - CFO Conference Call Participants Alex Ye - UBS Yada Li - CICC Cindy Wang - China Renaissance Operator Hello, ladies and gentlemen. Thank you for participating in the Third Quarter 2023 Earnings Conference Call for FinVolution Group.

FinVolution Group (FINV) Q3 2023 Earnings Call Transcript

-International transaction volume increased 99.1% year-over-year, contributing 18.3% of total revenue- -International revenue reached RMB584.8 million, a year-over-year increase of 67.3%- SHANGHAI , Nov. 20, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution" or the "Company") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the third quarter ended September 30, 2023. For the Three Months Ended / As of YoY Change September 30, 2022 September 30, 2023 Total Transaction Volume (RMB in billions)[1]            45.5 51.3 12.7 % Transaction Volume (China's Mainland)[2] 44.4 49.1 10.6 % Transaction Volume (International)[3] 1.11 2.21 99.1 % Total Outstanding Loan Balance (RMB in billions) 60.3 65.9 9.3 % Outstanding Loan Balance (China's Mainland)[4]  59.6 64.6 8.4 % Outstanding Loan Balance (International)[5] 0.64 1.29 101.6 % Third Quarter 2023 China Market Operational Highlights Cumulative registered users[6] reached 152.6 million as of September 30, 2023, an increase of 8.3% compared with September 30, 2022.

FinVolution Group Reports Third Quarter 2023 Unaudited Financial Results

-Earnings Call Scheduled for 7:30 p .m. ET on November 20, 2023- SHANGHAI , Nov. 8, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its third quarter 2023 unaudited financial results, on Monday, November 20, 2023, after the close of U.S. markets.

FinVolution Group to Report Third Quarter 2023 Financial Results on Monday, November 20, 2023

FinVolution is a leading online consumer finance company in China, facing competition from other fintech companies and banks. The company has not seen as fast of a loan-facilitated volume growth as its competitors in recent years. Despite challenges, FinVolution has opportunities for growth in the underserved Chinese market and through international expansion.

FinVolution: A Valuation-Driven Buy Recommendation

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.

FinVolution Group (FINV) Q2 2023 Earnings Call Transcript

SHANGHAI , Aug. 28, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that the board of directors of the Company (the "Board") has authorized a new share repurchase program (the "New Program") effective on August 29, 2023, under which the Company is approved to repurchase its own Class A ordinary shares in the form of American depositary shares ("ADS") with an aggregate value of up to US$150 million until August 29, 2025. Mr. Tiezheng Li, President and Chief Executive Officer of FinVolution Group, said, "We are firmly committed to enhancing shareholder value.

FinVolution Group Announces Third Share Repurchase Program of up to US$150 million

SHANGHAI , Aug. 28, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that (i) Mr. Shaofeng Gu, Chairman of the board and Chief Innovation Officer of the Company, and (ii) other senior management of the Company, purchased in their personal capacity approximately 0.63 million of the Company's American Depositary Shares ("ADSs") in the first half of 2023.

FinVolution Group Announces Continued Purchase of Shares by Senior Management

-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") (NYSE: FINV), a leading fintech platform, today announced its unaudited financial results for the second quarter ended June 30, 2023. For the Three Months Ended / As of YoY Change June 30, 2022 June 30, 2023 Total Transaction Volume (RMB in billions)[1]            41.5 47.3 14.0 % Transaction Volume (China's Mainland)[2] 40.6 45.5 12.1 % Transaction Volume (International)[3] 0.91 1.82 100.0 % Total Outstanding Loan Balance (RMB in billions) 56.4 63.7 12.9 % Outstanding Loan Balance (China's Mainland)[4]   55.9 62.6 12.0 % Outstanding Loan Balance (International)[5] 0.48 1.11 131.3 %   Second Quarter 2023 China Market Operational Highlights Cumulative registered users[6] reached 149.4 million as of June 30, 2023, an increase of 8.3% compared with June 30, 2022.

FinVolution Group Reports Second Quarter 2023 Unaudited Financial Results

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-Earnings Call Scheduled for 8:30 p .m. ET on August 28, 2023- SHANGHAI , Aug. 10, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its second quarter 2023 unaudited financial results, on Monday, August 28, 2023, after the close of U.S. markets.

FinVolution Group to Report Second Quarter 2023 Financial Results on Monday, August 28, 2023

SHANGHAI , July 27, 2023 /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 cooperation agreement with PT Bank Seabank Indonesia ("SeaBank"), a digital bank dedicated to bettering the lives of consumers and small businesses in the region with technology. Under the terms of the agreement, SeaBank will provide AdaKami with a funding facility of approximately 300 billion Rupiah (US$20.0 million) to enhance AdaKami's integrated API services for direct transactions, expanding FinVolution's international service offerings and advancing the Company's mission of connecting underserved borrowers with financial institutions.

FinVolution Subsidiary AdaKami Cooperates with PT Bank Seabank Indonesia to propel growth in Indonesia

SHANGHAI , July 19, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced it has released its 2022 Environmental, Social, and Governance (ESG) report, the Company's fifth consecutive annual ESG report. The report highlights FinVolution's ESG efforts and accomplishments in 2022, underscoring its long-standing commitment to a better society and environment sustainability.

FinVolution Publishes Fifth Annual ESG Report

FinVolution Group's shares have been consolidating, but its 4.69% dividend yield has protected investors' purchasing power. The company's annual dividend payout has increased by over 80% since 2020. The company's free cash flow dividend payout ratio of 40.3% indicates that the dividend is sustainable. FinVolution's strong cash position of $1.128 billion further protects the dividend. Despite a drop in net earnings in fiscal 2022, the company is expected to return to earnings growth this year, with strong growth expected in subsequent years.

FinVolution: Dividend Trends By The Numbers

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SHANGHAI , June 15, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform, today announced that its Indonesian financial application, AdaKami, signed a strategic cooperation agreement with Bank OCBC NISP. Bank OCBC NISP is an Indonesian publicly listed banking and financial services company, serving customers through 197 office networks in 54 cities in Indonesia as per September 2022.

FinVolution Subsidiary Adakami Signs Strategic Cooperation with Bank OCBC NISP

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.

FinVolution Group (FINV) Q1 2023 Earnings Call Transcript

-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 first quarter ended March 31, 2023. For the Three Months Ended / As of YoY Change March 31, 2022 March 31, 2023 Total Transaction Volume (RMB in billion) [1]            39.7 43.4 9.3 % Transaction Volume (China's Mainland) 38.8 41.8 7.7 % Transaction Volume (International) [2] 0.86 1.57 82.6 % Total Outstanding Loan Balance (RMB in billion) 53.8 62.3 15.8 % Outstanding Loan Balance (China's Mainland)[3] 53.4 61.3 14.8 % Outstanding Loan Balance (International)[4] 0.36 0.95 163.9 %   First Quarter 2023 China Market Operational Highlights   Cumulative registered users [5] reached 146.6 million as of March 31, 2023, an increase of 8.4% compared to March 31, 2022.

FinVolution Group Reports First Quarter 2023 Unaudited Financial Results

-Earnings Call Scheduled for 8:30 p .m. ET on May 17, 2023- SHANGHAI , May 10, 2023 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform, today announced that it will report its first quarter 2023 unaudited financial results, on Wednesday, May 17, 2023, after the close of U.S. markets.

FinVolution Group to Report First Quarter 2023 Financial Results on Wednesday, May 17, 2023

SHANGHAI , April 25, 2023 /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, 2022 with the Securities and Exchange Commission (the "SEC") on April 25, 2023.  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 2022 Annual Report on Form 20-F

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FinVolution is a thriving fintech company which is poised to benefit from the growth in China's middle class population and strong economy. The company grew its total transaction volume by 25% year over year to $7 billion (RMB 48.6B).

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