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X Financial Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
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SHENZHEN, China, April 23, 2021 /PRNewswire/ X Financial (NYSE: XYF) (the Company or we ), a leading technology-driven personal finance company in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Financial Highlights
Total net revenue in the fourth quarter of 2020 was RMB716.3 million (US$109.8 million), representing an increase of 7.7% from RMB665.1 million in the same period of 2019.
Loss from operations in the fourth quarter of 2020 was RMB857.3 million (US$131.4 million), compared with income from operations of RMB102.2 million in the same period of 2019.