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X Financial Announces US$48.7 Million Share Repurchase from Major Shareholder

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SHENZHEN, China, Dec. 19, 2024 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company” or “we”), a leading online personal finance company in China, today announced that it has entered into a repurchase agreement with a major shareholder on December 16, 2024, pursuant to which the Company will repurchase 6,349,206 American depositary shares (“ADSs”), representing 38,095,236 Class A ordinary shares of the Company, at a price of US$7.67 per ADS with a total repurchase price of approximately US$48.7 million (the “Repurchase”).

In order to complete the Repurchase, the Company’s board of directors (the “Board”) approved a new share repurchase plan under which the Company may repurchase up to US$50 million worth of its Class A ordinary shares, including the Class A ordinary shares represented by ADSs, effective until June 30, 2026. Upon completion of the Repurchase, the Company’s two previous share repurchase programs will complete, and approximately US$15.9 million will remain for future potential repurchases under the new US$50 million share repurchase plan.

Mr. Frank Fuya Zheng, Chief Financial Officer of the Company, commented, “We are pleased with this share repurchase agreement as it reflects our confidence in our long-term growth potential and our commitment to enhancing shareholder value. This repurchase also underscores our robust financial position. We are committed to a thoughtful and balanced approach to capital management to ensure that we continue to prioritize both growth opportunities and shareholder value creation.”

“In 2024, we returned a total of approximately US$76.0 million in value to our shareholders through dividends and share repurchases, including US$16.5 million in cash dividends, US$9.2 million in the tender offer, US$48.7 million in the recent repurchase mentioned above, and US$1.6 million in other repurchases. The total number of shares repurchased in 2024, including both ADSs and Class A ordinary shares, was equivalent to approximately 52.2 million Class A ordinary shares, or 17.8% of our ordinary shares issued and outstanding as of December 31, 2023. Going forward, we remain committed to delivering profitable growth and returning value to our shareholders through ongoing dividends and share repurchases.”

Under the new share repurchase plan, the repurchase may be made from time to time through various means, including open market transactions, privately negotiated transactions, and through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The manner, timing and amount of any share repurchases will be determined by the Company’s management in its discretion based on its evaluation of various factors. The Company expects to fund the new repurchase plan out of its existing cash balance.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system.

For more information, please visit: http://ir.xiaoyinggroup.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the followings: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

X Financial
Mr. Frank Fuya Zheng
E-mail: ir@xiaoying.com 

Christensen IR

In China
Mr. Rene Vanguestaine
Phone: +86-178-1749 0483
E-mail: rene.vanguestaine@christensencomms.com 

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/x-financial-announces-us48-7-million-share-repurchase-from-major-shareholder-302335960.html

SOURCE X Financial

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AIxCrypto Announces Second Quarter 2026 Earnings Conference Call Details

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LOS ANGELES, Aug. 4, 2026 /PRNewswire/ — AIxCrypto Holdings, Inc. (NASDAQ: AIXC) (“AIxC” or the “Company”), a Nasdaq-listed technology company building a three-layer architecture spanning the infrastructure, protocol, and application layers, today announced that the Company will hold a conference call to discuss its financial results for the second quarter ended June 30, 2026 at 4:30 PM Pacific Time (7:30 PM Eastern Time) on Friday, Aug 7, 2026.

AIxC invites stockholders to submit questions in advance of the upcoming earnings call. Stockholders may email their questions directly to: IR@aixcrypto.ai. We welcome your participation and appreciate your continued support.

A live webcast of the conference call will be available in the Events section of the Company’s IR website at https://investors.aixcrypto.ai/news-events/events. A replay of the webcast, along with the earnings presentation, will be available on the website shortly after the conclusion of the call.

About AIxCrypto Holdings, Inc.

AIxCrypto Holdings, Inc. (Nasdaq: AIXC) is a Nasdaq-listed technology company building a three-layer architecture spanning the infrastructure, protocol, and application layers. Through the convergence of AI Agents and Embodied AI (EAI) devices, AIXC is developing technology intended to enable heterogeneous intelligent entities—robots, smart vehicles, and other edge devices—to autonomously discover, collaborate, and execute tasks with one another without centralized intermediaries, driving the advancement of the Silicon Economy.

FORWARD LOOKING STATEMENTS:

This communication — including any presentation, press release, investor materials or other document of which it forms a part (this “Communication”) — contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws, regarding AIxCrypto Holdings, Inc. (“AIxCrypto,” the “Company,” “us,” “our,” or “we”) and our industry. All statements, whether written or oral, other than statements of historical fact — including any financial projections and any statements regarding future events, our strategy, plans, objectives, expectations, or anticipated actions or results — are forward-looking statements. You can often identify forward-looking statements by words such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely,” or “continue,” or the negative of these terms or other similar expressions; the absence of these words does not mean a statement is not forward-looking. These statements reflect our current expectations and projections about future events as of the date of this Communication and are necessarily based on estimates and assumptions that, while considered reasonable by management, are inherently uncertain. AIxCrypto can give no assurance that such forward-looking statements or financial projections will prove to be correct.

Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of numerous risks and uncertainties, both general and specific, including, but not limited to: business, economic, market and capital-market conditions; the heavily regulated industry in which we operate; current or future laws or regulations and new interpretations of existing laws or regulations; the inherent volatility and regulatory uncertainty associated with digital assets and cryptocurrencies; evolving money-transmission, payments and digital-asset regulatory requirements applicable to our payment and settlement arrangements; risks associated with the early-stage and beta nature of our operations, including our dependence on third-party merchants and service providers and our ability to scale our platform; risks related to our expansion into new markets, jurisdictions, services and operating modalities, including aerial and unmanned aircraft operations, and the regulatory approvals and clearances required for such operations; changes in market demand for, and the pricing of, our products and services; our relationships with our customers and business partners; our ability to successfully define, design and release new products in a timely manner that meet our customers’ needs; competition in our industry; the failure of counterparties to perform their contractual obligations; systems, network, telecommunications or service disruptions, failures or cyber-attacks; our ability to obtain additional financing on reasonable terms or at all; litigation costs and outcomes; our ability to maintain and enforce our intellectual property rights and to defend against third-party claims of infringement; our ability to attract, retain and motivate qualified personnel; and our ability to manage our growth. This list of factors is not exhaustive. Additional risks and uncertainties are described more fully in our filings with the U.S. Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025 and our subsequent filings, which are available on the SEC’s website at www.sec.gov.

The forward-looking statements in this Communication speak only as of the date hereof. Except as required by law, neither AIxCrypto nor any other person undertakes any obligation to update or revise any forward-looking statement or financial projection set out herein, whether as a result of new information, future events or otherwise. This Communication is provided for informational purposes only, does not constitute investment, tax or legal advice or any investment recommendation, and does not take into account the investment objectives or financial situation of any person. AIxCrypto reserves the right to amend or replace the information contained herein, in whole or in part, at any time, and undertakes no obligation to notify any recipient thereof. Readers are cautioned not to place undue reliance on these forward-looking statements. This caution is made under, and these forward-looking statements are intended to be covered by, the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

View original content:https://www.prnewswire.com/news-releases/aixcrypto-announces-second-quarter-2026-earnings-conference-call-details-302843169.html

SOURCE AIxCrypto Holdings, Inc.

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On Time (9680.HK) Issues Profit Alert: Expects H1 2026 Revenue to Reach at Least RMB3.9 Billion, Up 132.6% YoY

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HONG KONG, GUANGZHOU and SHENZHEN, Aug. 5, 2026 /PRNewswire/ — On Time (9680.HK), a Chinese mobility technology and services company, issued a positive profit alert on 3 August, saying it expects consolidated revenue of no less than RMB3.9 billion for the six months ended June 30, 2026. This represents a year-on-year increase of 132.6%, or a rise of at least RMB2.224 billion from the same period in 2025. The Company also expects profitability to improve by at least 40% compared with the prior-year period.

This marks On Time’s second consecutive positive earnings pre-announcement in 2026, following two straight years of gross margin recovery—an indication that the Company has entered a pivotal phase on its path to sustainable profitability.

The Company attributed the revenue surge to a substantial increase in ride-hailing order volume and growth in technology services revenue. Profitability improvements, meanwhile, were driven by enhanced operational efficiency, cost structure optimization, and expanded technology service volumes—all of which contributed to gross profit growth.

Looking beyond the immediate term, On Time has established a clear and accelerating growth trajectory. In the first half of 2025, the Company generated RMB1.676 billion in revenue. By the second half of that year, revenue had more than doubled to RMB3.61 billion. The Company’s latest guidance of at least RMB3.9 billion for the first half of 2026—a 132.6% year-on-year increase—confirms that this upward trend continues to gain momentum.

Underpinning this performance is the Company’s “Mobility + Technology” dual-engine business model. Together, the two segments drove strong revenue growth in the first half of 2026.

Previous results demonstrated robust momentum across both businesses. In the first half of 2025, mobility services grew 86% year-on-year, while technology services surged 207%. Based on current guidance, both segments are expected to register even stronger growth rates in the first half of 2026—a clear sign that On Time’s core business drivers continue to accelerate. 

The expanding mobility business is now generating increasingly strong cash flow, while technology services have emerged as a new source of growth that is expected to further improve profitability. With gross margins returning to positive territory, revenue growing rapidly, and profitability steadily improving, the Company believes it has established a stronger foundation for sustainable long-term growth.

In March of this year, Soochow Securities published a research note identifying three clear trends at On Time: accelerating growth, narrowing losses, and an improving revenue mix. The report noted that the Company’s business model is transitioning from a mobility-only operation to a “Mobility + Technology” dual-driver framework, and projected that On Time would achieve profitability by 2027.

View original content:https://www.prnewswire.com/apac/news-releases/on-time-9680-hk-issues-profit-alert-expects-h1-2026-revenue-to-reach-at-least-rmb3-9-billion-up-132-6-yoy-302843176.html

SOURCE Ontime

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Avnet and Weston Robot Bring Physical AI to Industrial Operations with Autonomous Inspection Robot

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AMD-powered solution combines edge AI, intelligent perception and autonomous navigation to help organizations improve safety, efficiency and operational resilience

SINGAPORE, Aug. 5, 2026 /PRNewswire/ — Avnet and Weston Robot today announced a collaboration to accelerate the adoption of Physical AI in industrial environments through an AI-powered inspection platform that enables intelligent machines to perceive, analyze and respond autonomously to real-world operating conditions.

As industrial facilities become larger, more complex and increasingly data-driven, organizations are looking beyond traditional automation to intelligent systems that can continuously monitor operations, identify potential risks and respond in real time. Combining Avnet’s expertise in advanced computing technologies, ecosystem enablement and embedded AI solutions with Weston Robot’s leadership in intelligent robotics and autonomous systems, the companies have developed an advanced inspection platform that demonstrates how artificial intelligence can move beyond software to autonomous action in the physical world.

Leveraging Avnet’s ecosystem of technology partners, engineering expertise and advanced computing platforms, the collaboration enables customers to accelerate the deployment of intelligent robotics solutions from development through production while reducing complexity and speeding time to market.

Powered by AMD Ryzen™ AI Embedded processors, the platform executes AI workloads directly on the device, enabling low-latency AI inference, faster decision-making and reliable operation even where cloud connectivity is limited. By processing data at the edge, organizations can detect operational issues earlier, reduce inspection costs and improve operational continuity.

Designed for manufacturing, energy, utilities, transportation, logistics and critical infrastructure, the inspection platform performs continuous monitoring across large and complex facilities. Its intelligent inspection capabilities include object and anomaly detection, identification of people and vehicles, personal protective equipment (PPE) compliance monitoring, unauthorized intrusion detection, and thermal and visual inspections that help identify hotspots, fluid leaks and equipment abnormalities before they develop into costly operational failures.

Built for challenging industrial environments, the autonomous inspection robot operates reliably where GPS signals are unavailable or unreliable. Using advanced 3D LiDAR simultaneous localization and mapping (SLAM), it continuously builds high-precision digital maps, navigates autonomously, dynamically avoids obstacles and optimizes inspection routes in real time. These capabilities enable deployment across factories, warehouses, ports, utilities, tunnels and other mission-critical environments.

The solution integrates AI perception, real-time anomaly detection, intelligent path planning and autonomous navigation on a single platform. Powered by AMD embedded AI processing technology, it delivers up to 50 TOPS of AI performance while supporting AI-driven inspection, thermal and visual analytics, 3D LiDAR mapping and dependable operation in GPS-denied environments.

“Physical AI represents the next evolution of artificial intelligence—one where intelligent systems can perceive, reason and act autonomously in the real world,” said Arthur Chung, Vice President, Sales & Supplier Management, Avnet Asia. “Through our collaboration with Weston Robot, we are bringing together advanced computing, edge AI and robotics to help organizations scale industrial intelligence, strengthen safety and improve operational resilience. As organizations move beyond AI experimentation, intelligent autonomous systems will become an essential part of smarter, safer and more efficient industrial operations.”

“Industrial environments generate enormous volumes of operational data, yet many inspection processes remain manual, reactive and resource-intensive,” said Dr. Zhang Yanliang, Chief Scientist, Weston Robot. “By combining robotics, AI and edge computing, we are enabling a new generation of intelligent systems that continuously monitor critical infrastructure, detect anomalies earlier and deliver actionable insights in real time. We believe Physical AI will become a foundational technology powering the next generation of industrial operations.”

As organizations continue to invest in intelligent automation, the collaboration between Avnet and Weston Robot demonstrates the growing convergence of robotics, edge computing and artificial intelligence. Together, the companies are helping customers move Physical AI from concept to deployment, enabling intelligent systems that can continuously observe, understand and act autonomously across real-world industrial environments.

Learn more about the Avnet and Weston Robot Physical AI inspection platform here.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for more than a century. Through regional and specialized businesses around the world, we support customers and suppliers at every stage of the product lifecycle. We help companies adapt to change and accelerate the design and supply stages of product development. With a unique viewpoint from the center of the technology supply chain, Avnet is a trusted partner that solves complex design and supply chain issues so customers can realize revenue faster. Learn more about Avnet at www.avnet.com.

About Weston Robot

Weston Robot is a leading provider of intelligent robotics and autonomous mobile systems focused on advancing the adoption of Physical AI across industrial, commercial and public-sector applications. The company develops autonomous robots that integrate artificial intelligence, computer vision, advanced perception, autonomous navigation and edge computing to enable intelligent inspection, security, logistics and operational automation. Weston Robot’s solutions help organizations improve safety, efficiency and operational resilience in complex real-world environments.

Learn more at www.westonrobot.com.

Contact:
Seraphina Wee
seraphina.wee@avnet.com

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SOURCE Avnet

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