-International transaction volume increased 99.1% year-over-year, contributing 18.3% of total revenue-<\/p>\n
-International revenue reached RMB584.8 million<\/span>, a year-over-year increase of 67.3%–<\/b><\/p>\n SHANGHAI<\/span>, Nov. 21, 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<\/span>.<\/span><\/p>\n For <\/b>the <\/b>Three Months Ended \/ <\/b>As of<\/b><\/span><\/p>\n<\/td>\n YoY September 30, 2022<\/b><\/span><\/p>\n<\/td>\n September 30, 2023<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n Total Transaction Volume (RMB in billions)[1] <\/sup><\/b><\/span><\/p>\n<\/td>\n 45.5<\/b><\/span><\/p>\n<\/td>\n 51.3<\/b><\/span><\/p>\n<\/td>\n 12.7 %<\/span><\/p>\n<\/td>\n<\/tr>\n Transaction Volume (China’s Mainland)[2]<\/sup><\/span><\/p>\n<\/td>\n 44.4<\/span><\/p>\n<\/td>\n 49.1<\/span><\/p>\n<\/td>\n 10.6 %<\/span><\/p>\n<\/td>\n<\/tr>\n Transaction Volume (International)[3]<\/sup><\/span><\/p>\n<\/td>\n 1.11<\/span><\/p>\n<\/td>\n 2.21<\/span><\/p>\n<\/td>\n 99.1 %<\/span><\/p>\n<\/td>\n<\/tr>\n Total Outstanding Loan Balance (RMB in billions)<\/b><\/span><\/p>\n<\/td>\n 60.3<\/b><\/span><\/p>\n<\/td>\n 65.9<\/b><\/span><\/p>\n<\/td>\n 9.3 %<\/span><\/p>\n<\/td>\n<\/tr>\n Outstanding Loan Balance (China’s Mainland)[4]<\/sup> <\/span><\/p>\n<\/td>\n 59.6<\/span><\/p>\n<\/td>\n 64.6<\/span><\/p>\n<\/td>\n 8.4 %<\/span><\/p>\n<\/td>\n<\/tr>\n Outstanding Loan Balance (International)[5]<\/sup><\/span><\/p>\n<\/td>\n 0.64<\/span><\/p>\n<\/td>\n 1.29<\/span><\/p>\n<\/td>\n 101.6 %<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n Third Quarter 2023 China Market Operational Highlights<\/b><\/p>\n Third Quarter 2023 International Market Operational Highlights<\/b><\/p>\n Third Quarter 2023 Financial Highlights <\/b><\/p>\n [1]<\/sup> Represents the total transaction volume facilitated in China’s Mainland and the international markets on the Company’s platforms during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [2]<\/sup> Represents our transaction volume facilitated in China’s Mainland during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [3]<\/sup> Represents our transaction volume facilitated in international markets outside China’s Mainland during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [4]<\/sup> Outstanding loan balance (China’s Mainland) as of any date refers to the balance of outstanding loans in China’s Mainland market delinquent within 180 days from the given date.<\/span><\/p>\n<\/td>\n<\/tr>\n [5] <\/sup>Outstanding loan balance (international) as of any date refers to the balance of outstanding loans in the international markets’ delinquent within 30 days from the given date.<\/span><\/p>\n<\/td>\n<\/tr>\n [6] <\/sup>On a cumulative basis, the total number of users in China’s Mainland market registered on the Company’s platforms as of September 30, 2023.<\/span><\/p>\n<\/td>\n<\/tr>\n [7] <\/sup>On a cumulative basis, the total number of borrowers in China’s Mainland market on the Company’s platform as of September 30, 2023.<\/span><\/p>\n<\/td>\n<\/tr>\n [8] <\/sup>Represents the total number of borrowers in China’s Mainland who have successfully borrowed on the Company platform during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [9] <\/sup>Represents the transaction volume facilitated for the repeat borrowers in China’s Mainland who successfully completed their transaction on the Company’s platform during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [10] <\/sup>Represents the average loan size on the Company’s platform in China’s Mainland during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [11] <\/sup>Represents the average loan tenor on the Company’s platform in China’s Mainland during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [12]<\/sup> "90 day+ delinquency ratio" refers to the outstanding principal balance of on- and-off balance sheet loans that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of on-and-off balance sheet loans on the Company’s platform as of a specific date. Loans that originated outside China’s Mainland are not included in the calculation.<\/span><\/p>\n<\/td>\n<\/tr>\n [13] <\/sup>On a cumulative basis, the total number of users registered on the Company’s platforms outside China’s Mainland market as of September 30, 2023.<\/span><\/p>\n<\/td>\n<\/tr>\n [14] <\/sup>On a cumulative basis, the total number of borrowers outside China’s Mainland market, on the Company’s platforms during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [15] <\/sup>Represents the total number of borrowers outside China’s Mainland who have successfully borrowed on the Company platform during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [16] <\/sup>Represents the total number of new borrowers outside China’s Mainland whose transactions were facilitated on the Company’s platforms during the period presented.<\/span><\/p>\n<\/td>\n<\/tr>\n [17] <\/sup>Please refer to "UNAUDITED Reconciliation of GAAP And Non-GAAP Results" for reconciliation between GAAP and Non-GAAP adjusted operating income.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n Mr. Tiezheng Li<\/span>, Chief Executive Officer of FinVolution, commented, "During the third quarter of 2023, total transaction volume reached RMB51.3 billion<\/span>, representing a year-over-year increase of 12.7%, while our total outstanding loan balance reached RMB65.9 billion<\/span>, representing a year-over-year increase of 9.3%.<\/p>\n "Our tactical approach of maintaining progressive growth in the China<\/span> market while pursuing faster growth in the international markets has proven very effective under the uneven macro conditions in the markets where we operate. During the third quarter, international transaction volume reached RMB2.21 billion<\/span>, representing a year-over-year increase of 99.1%, while outstanding loan balance reached RMB1.29 billion<\/span>, rising 101.6% year-over-year. The increased international transaction volume and outstanding loan balance contributed the growth of our international revenue to RMB584.8 million<\/span>, up 67.3% year-over-year and contribute 18.3% of total revenue in the quarter," concluded Mr. Li.<\/p>\n Mr. Jiayuan Xu<\/span>, FinVolution’s Chief Financial Officer, continued, "We are encouraged by the financial results we achieved in the third quarter. Net revenue for the third quarter reached RMB3,197.5 million<\/span> (US$438.3 million<\/span>), representing a year-over-year increase of 7.6%. Our total liquidity position as of the end of September 2023<\/span> reached \n\n
\n <\/td>\n \n \n
Change<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n\n <\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n
\n
\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n