X Financial (XYF) — Financial statements
Income statement, balance sheet, and cash flow for X Financial — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 7,431↑26.6% | 5,872↑79.2% | 3,277↑41.1% | 2,323↑53.7% | 1,512 | |
| Cost of Revenue | 1,965↑0.3% | 1,960↑16.7% | 1,679↑67.8% | 1,001↑590.5% | 145 | |
| Gross Profit | 5,466↑39.7% | 3,912↑144.8% | 1,598↑20.9% | 1,322↓3.3% | 1,367 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 176↑14.3% | 154↑7.5% | 143↓23.8% | 188 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 36↑185.0% | 13↓18.8% | 15↓25.8% | 21 | |
| SG&A Expenses | 0.00↓100.0% | 212↑37.5% | 154↑7.5% | 143↓31.4% | 209 | |
| Other Expenses | 3,874↑112.1% | 1,827↑7600.8% | -24↑40.2% | -41↓25.3% | -33 | |
| Operating Expenses | 3,874↑90.0% | 2,038↑1472.8% | 130↑26.4% | 103↓41.8% | 176 | |
| Total Costs & Expenses | 5,839↑46.0% | 3,998↑121.0% | 1,809↑63.9% | 1,103↑243.6% | 321 | |
| Operating Results | ||||||
| Operating Income | 1,592↓15.0% | 1,874↑27.6% | 1,469↑20.4% | 1,220↑2.4% | 1,191 | |
| Depreciation & Amortization | 0.00↓100.0% | 7↑36.8% | 5↓20.8% | 7↓18.3% | 8 | |
| EBITDA | 1,708↓53.9% | 3,708↑151.6% | 1,474↑20.2% | 1,227↑2.3% | 1,199 | |
| EBIT | 1,708↓53.8% | 3,700↑152.0% | 1,469↑20.4% | 1,220↑2.4% | 1,191 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1,369↑748.9% | -211↑16.9% | -254↓285.5% | 137↓80.2% | 692 | |
| Interest Income | 1,369↓0.2% | 1,371↑22.8% | 1,117↑15.1% | 970↑40.3% | 692 | |
| Interest Expense | 0.00↓100.0% | 1,582↑15.4% | 1,371↑64.6% | 833 | 0.00 | |
| Non-Operating Income | -116↑93.6% | -1,827 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 116↑61.7% | 72↑447.8% | -21↓74.6% | -12 | 0.00 | |
| Income Before Tax | 1,708↓12.2% | 1,946↑34.4% | 1,448↑19.9% | 1,208↑1.5% | 1,191 | |
| Income Tax Expense | 284↓30.1% | 406↑55.4% | 261↓34.1% | 396↑7.4% | 369 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,425↓7.5% | 1,540↑29.8% | 1,187↑46.2% | 812↓1.6% | 825 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,425↓7.5% | 1,540↑29.8% | 1,187↑46.2% | 812↓1.6% | 825 | |
| Bottom-Line Net Income | 1,425↓7.5% | 1,540↑29.8% | 1,187↑46.2% | 812↓1.6% | 825 | |
| EPS (Basic) | 210.18↑9.5% | 191.88↑29.4% | 148.32↑60.3% | 92.52↑2.4% | 90.36 | |
| EPS (Diluted) | 205.56↑8.8% | 189.00↑28.7% | 146.88↑61.9% | 90.72↑2.9% | 88.20 | |
| Weighted Average Shares | 7↓85.9% | 48↑0.2% | 48↓9.0% | 53↓3.9% | 55 | |
| Weighted Average Diluted Shares | 7↓85.8% | 49↑0.9% | 48↓9.8% | 54↓4.3% | 56 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.