<p>小赢科技（X Financial (XYF)）已召开其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>小赢科技最近的财报电话会议为投资者描绘了一个复杂的局面，突出了成就与挑战。公司报告了稳健的同比收入增长和强劲的资产负债表，但也面临着显著的挑战，如环比收入下降、逾期率上升和净收入减少。面对监管压力，小赢科技采取了谨慎的策略，重点关注资产质量和风险管理。</p>
<h2>同比收入增长</h2>
<p>小赢科技报告的总净收入为人民币 19.6 亿元，同比增长 23.9%。这一增长凸显了公司在充满挑战的运营环境中保持稳健盈利能力的能力。</p>
<h2>贷款发放增长</h2>
<p>公司促成并发放了人民币 336.4 亿元的贷款，同比增长 18.7%。贷款发放的韧性展示了小赢科技有效应对监管挑战的能力。</p>
<h2>强劲的资产负债表</h2>
<p>小赢科技的总资产达到人民币 146.9 亿元，同比增长 26.4%，而总股东权益上升 15% 至人民币 79.3 亿元。公司还报告了 21.5% 的股本回报率，突显其财务实力。</p>
<h2>收入环比下降</h2>
<p>尽管同比增长，小赢科技的总净收入较第二季度环比下降 13.7%。这一下降反映了公司在监管压力下战略性地决定放缓增长步伐。</p>
<h2>逾期率上升</h2>
<p>财报电话会议透露，逾期率上升，31 至 60 天的逾期率上升至 1.85%，而 91 至 180 天的逾期率攀升至 3.52%。这些数据表明某些借款人群体的还款压力上升。</p>
<h2>净收入减少</h2>
<p>小赢科技的净收入环比减少 20.2%，降至人民币 4.212 亿元。这一下降主要是由于信用损失准备金和担保负债的增加。</p>
<h2>贷款发放指引下调</h2>
<p>展望未来，小赢科技预计在 2025 年第四季度促成和发放贷款的范围为人民币 210 亿元至 230 亿元。该指引反映了在第三季度观察到的环比下降后，采取更为谨慎的增长步伐，继续强调资产质量和风险管理。</p>
<p>总之，小赢科技的财报电话会议提供了其当前财务状况的细致视角。尽管公司展示了稳健的同比增长并保持了强劲的资产负债表，但也面临着逾期率上升和净收入减少等挑战。公司谨慎的策略，专注于资产质量和风险管理，将在其应对监管环境并实现未来目标的过程中至关重要。</p>

小赢科技

<p>小赢科技的第三季度财报电话会议揭示了一个复杂的财务状况。公司报告了 23.9% 的同比收入增长和强劲的资产负债表，总资产增长了 26.4%。然而，它面临着 13.7% 的环比收入下降、逾期率上升以及 20.2% 的净收入下降。小赢科技计划在监管压力下专注于资产质量和风险管理，并对 2025 年第四季度的贷款发放指导持谨慎态度</p>

<p>X Financial ((XYF)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>小赢科技（X Financial (XYF)）已召开其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<div class="lb-trans"><h3>TipRanks 黑色星期五促销</h3>
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</div><p>X Financial’s recent earnings call painted a mixed picture for investors, highlighting both achievements and challenges. The company reported solid year-over-year revenue growth and a robust balance sheet, but also faced significant hurdles such as a sequential revenue decline, increased delinquency rates, and reduced net income. In response to regulatory pressures, X Financial is adopting a cautious approach with a strong focus on asset quality and risk management.</p>
<div class="lb-trans"><p>小赢科技最近的财报电话会议为投资者描绘了一个复杂的局面，突出了成就与挑战。公司报告了稳健的同比收入增长和强劲的资产负债表，但也面临着显著的挑战，如环比收入下降、逾期率上升和净收入减少。面对监管压力，小赢科技采取了谨慎的策略，重点关注资产质量和风险管理。</p>
</div><h2>Year-over-Year Revenue Growth</h2>
<div class="lb-trans"><h2>同比收入增长</h2>
</div><p>X Financial reported a total net revenue of RMB 1.96 billion, marking a 23.9% increase year-over-year. This growth underscores the company’s ability to maintain solid profitability despite a challenging operating environment.</p>
<div class="lb-trans"><p>小赢科技报告的总净收入为人民币 19.6 亿元，同比增长 23.9%。这一增长凸显了公司在充满挑战的运营环境中保持稳健盈利能力的能力。</p>
</div><h2>Loan Origination Growth</h2>
<div class="lb-trans"><h2>贷款发放增长</h2>
</div><p>The company facilitated and originated RMB 33.64 billion in loans, reflecting an 18.7% increase year-over-year. This resilience in loan origination demonstrates X Financial’s capacity to navigate regulatory challenges effectively.</p>
<div class="lb-trans"><p>公司促成并发放了人民币 336.4 亿元的贷款，同比增长 18.7%。贷款发放的韧性展示了小赢科技有效应对监管挑战的能力。</p>
</div><h2>Strong Balance Sheet</h2>
<div class="lb-trans"><h2>强劲的资产负债表</h2>
</div><p>X Financial’s total assets reached RMB 14.69 billion, up 26.4% year-over-year, while total shareholders’ equity rose by 15% to RMB 7.93 billion. The company also reported a return on equity of 21.5%, highlighting its financial strength.</p>
<div class="lb-trans"><p>小赢科技的总资产达到人民币 146.9 亿元，同比增长 26.4%，而总股东权益上升 15% 至人民币 79.3 亿元。公司还报告了 21.5% 的股本回报率，突显其财务实力。</p>
</div><h2>Sequential Decline in Revenue</h2>
<div class="lb-trans"><h2>收入环比下降</h2>
</div><p>Despite the year-over-year growth, X Financial experienced a 13.7% sequential decline in total net revenue from Q2. This decline reflects the company’s strategic decision to moderate its growth pace amid regulatory pressures.</p>
<div class="lb-trans"><p>尽管同比增长，小赢科技的总净收入较第二季度环比下降 13.7%。这一下降反映了公司在监管压力下战略性地决定放缓增长步伐。</p>
</div><h2>Increase in Delinquency Rates</h2>
<div class="lb-trans"><h2>逾期率上升</h2>
</div><p>The earnings call revealed a rise in delinquency rates, with the 31- to 60-day rate increasing to 1.85% and the 91- to 180-day rate climbing to 3.52%. These figures indicate rising repayment stress among certain borrower segments.</p>
<div class="lb-trans"><p>财报电话会议透露，逾期率上升，31 至 60 天的逾期率上升至 1.85%，而 91 至 180 天的逾期率攀升至 3.52%。这些数据表明某些借款人群体的还款压力上升。</p>
</div><h2>Reduced Net Income</h2>
<div class="lb-trans"><h2>净收入减少</h2>
</div><p>X Financial’s net income decreased by 20.2% sequentially to RMB 421.2 million. This reduction was primarily due to higher provisions for credit losses and a guarantee liability.</p>
<div class="lb-trans"><p>小赢科技的净收入环比减少 20.2%，降至人民币 4.212 亿元。这一下降主要是由于信用损失准备金和担保负债的增加。</p>
</div><h2>Guidance for Lower Loan Origination</h2>
<div class="lb-trans"><h2>贷款发放指引下调</h2>
</div><p>Looking forward, X Financial expects to facilitate and originate loans in the range of RMB 21 billion to RMB 23 billion in Q4 2025. This guidance reflects a more measured pace following the sequential decline observed in Q3, with a continued emphasis on asset quality and risk management.</p>
<div class="lb-trans"><p>展望未来，小赢科技预计在 2025 年第四季度促成和发放贷款的范围为人民币 210 亿元至 230 亿元。该指引反映了在第三季度观察到的环比下降后，采取更为谨慎的增长步伐，继续强调资产质量和风险管理。</p>
</div><p>In summary, X Financial’s earnings call provided a nuanced view of its current financial standing. While the company demonstrated solid year-over-year growth and maintained a strong balance sheet, it also faced challenges such as increased delinquency rates and reduced net income. The company’s cautious approach, focusing on asset quality and risk management, will be crucial as it navigates the regulatory landscape and aims to achieve its future targets.</p>
<div class="lb-trans"><p>总之，小赢科技的财报电话会议提供了其当前财务状况的细致视角。尽管公司展示了稳健的同比增长并保持了强劲的资产负债表，但也面临着逾期率上升和净收入减少等挑战。公司谨慎的策略，专注于资产质量和风险管理，将在其应对监管环境并实现未来目标的过程中至关重要。</p>
</div>

小赢科技的财报电话会议：在挑战中实现增长