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FinVolution Group Reports First Quarter 2025 Unaudited Financial Results

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-First quarter Transaction Volume reached RMB52.1 billion, up 7.9% year-over-year-

-First quarter International Transaction Volume reached RMB3.0 billion, up 36.4% year-over-year-

-First quarter Revenue reached RMB3,481.0 million, up 10.0% year-over-year-

-First quarter International Revenues reached RMB710.5 million, up 19.5% year-over-year and representing 20.4% of total net revenues-

SHANGHAI, May 20, 2025 /PRNewswire/ —  FinVolution Group (“FinVolution” or the “Company”) (NYSE: FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced its unaudited financial results for the first quarter ended March 31, 2025.

For the Three Months Ended/As of

YoY

Change

March 31, 2024

March 31, 2025

Total Transaction Volume (RMB in billions)[1]           

48.3

52.1

7.9 %

Transaction Volume (China’s Mainland)[2]

46.1

49.1

6.5 %

Transaction Volume (International)[3]

2.2

3.0

36.4 %

Total Outstanding Loan Balance (RMB in billions)

65.3

74.1

13.5 %

Outstanding Loan Balance (China’s Mainland)[4]  

64.0

72.2

12.8 %

Outstanding Loan Balance (International)[5]

1.3

1.9

46.2 %

 

First Quarter 2025 China Market Operational Highlights

Cumulative registered users[6] reached 177.2 million as of March 31, 2025, an increase of 11.7% compared with March 31, 2024.Cumulative borrowers[7] reached 27.3 million as of March 31, 2025, an increase of 7.1% compared with March 31, 2024.Number of unique borrowers[8] for the first quarter of 2025 was 2.2 million, an increase of 22.2% compared with the same period of 2024.Transaction volume[2] reached RMB49.1 billion for the first quarter of 2025, an increase of 6.5% compared with the same period of 2024.Transaction volume facilitated for repeat individual borrowers[9] for the first quarter of 2025 was RMB42.6 billion, an increase of 8.4% compared with the same period of 2024.Outstanding loan balance[4] reached RMB72.2 billion as of March 31, 2025, an increase of 12.8% compared with March 31, 2024.Average loan size[10] was RMB10,494 for the first quarter of 2025, compared with RMB10,121 for the same period of 2024.Average loan tenure[11] was 8.2 months for the first quarter of 2025, which remained unchanged compared with the same period of 2024.90 day+ delinquency ratio[12] was 2.04% as of March 31, 2025.

First Quarter 2025 International Market Operational Highlights

Cumulative registered users[13] reached 38.9 million as of March 31, 2025, an increase of 45.1% compared with March 31, 2024.Cumulative borrowers[14] for the international market reached 7.6 million as of March 31, 2025, an increase of 49.0% compared with March 31, 2024.Number of unique borrowers[15] for the first quarter of 2025 was 1.7 million, an increase of 106.1% compared with the same period of 2024.Number of new borrowers[16] for the first quarter of 2025 was 0.7 million, an increase of 89.3% compared with the same period of 2024.Transaction volume[3] reached RMB3.0 billion for the first quarter of 2025, an increase of 36.4% compared with the same period of 2024.Outstanding loan balance[5] reached RMB1.9 billion as of March 31, 2025, an increase of 46.2% compared with March 31, 2024.International business revenue was RMB710.5 million (US$97.9 million) for the first quarter of 2025, an increase of 19.5% compared with the same period of 2024, representing 20.4% of total revenue for the first quarter of 2025.

First Quarter 2025 Financial Highlights

Net revenue was RMB3,481.0 million (US$479.7 million) for the first quarter of 2025, compared with RMB3,165.1 million for the same period of 2024.Net profit was RMB737.6 million (US$101.7 million) for the first quarter of 2025, compared with RMB532.0 million for the same period of 2024.Non-GAAP adjusted operating income[17], which excludes share-based compensation expenses before tax, was RMB917.9 million (US$126.5 million) for the first quarter of 2025, compared with RMB658.7 million for the same period of 2024.Diluted net profit per American depositary share (“ADS”) was RMB2.84 (US$0.39) and diluted net profit per share was RMB0.57 (US$0.08) for the first quarter of 2025, compared with RMB1.97 and RMB0.39 for the same period of 2024, respectively.Non-GAAP diluted net profit per ADS was RMB2.97 (US$0.41) and non-GAAP diluted net profit per share was RMB0.59 (US$0.08) for the first quarter of 2025, compared with RMB2.08 and RMB0.42 for the same period of 2024, respectively. Each ADS of the Company represents five Class A ordinary shares of the Company.

[1] Represents the total transaction volume facilitated in China’s Mainland and the international markets on the Company’s platforms during the period presented.

[2] Represents our transaction volume facilitated in China’s Mainland during the period presented. During the first quarter, RMB18.4 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

[3] Represents our transaction volume facilitated in markets outside China’s Mainland during the period presented.

[4] Outstanding loan balance (China’s Mainland) as of any date refers to the balance of outstanding loans in China’s Mainland market excluding loans delinquent for more than 180 days from such date. As of March 31, 2025, RMB31.9 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

[5] Outstanding loan balance (international) as of any date refers to the balance of outstanding loans in the international markets excluding loans delinquent for more than 30 days from such date.

[6] On a cumulative basis, the total number of users in China’s Mainland market registered on the Company’s platform as of March 31, 2025.

[7] On a cumulative basis, the total number of borrowers in China’s Mainland market registered on the Company’s platform as of March 31, 2025.

[8] Represents the total number of borrowers in China’s Mainland who successfully borrowed on the Company’s platform during the period presented.

[9] Represents the transaction volume facilitated for repeat borrowers in China’s Mainland who successfully completed a transaction on the Company’s platform during the period presented.

[10] Represents the average loan size on the Company’s platform in China’s Mainland during the period presented.

[11] Represents the average loan tenor on the Company’s platform in China’s Mainland during the period presented.

[12] “90 day+ delinquency ratio” refers to the outstanding principal balance of loans, excluding loans facilitated under the capital-light model, that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of loans, excluding loans facilitated under the capital-light model on the Company’s platform as of a specific date. Loans that originated outside China’s Mainland are not included in the calculation.

[13] On a cumulative basis, the total number of users registered on the Company’s platforms outside China’s Mainland market, as of March 31, 2025.

[14] On a cumulative basis, the total number of borrowers on the Company’s platforms outside China’s Mainland market, as of March 31, 2025.

[15] Represents the total number of borrowers outside China’s Mainland who successfully borrowed on the Company platforms during the period presented.

[16] Represents the total number of new borrowers outside China’s Mainland whose transactions were facilitated on the Company’s platforms during the period presented.

[17] Please refer to “UNAUDITED Reconciliation of GAAP and Non-GAAP Results” for reconciliation between GAAP and Non-GAAP adjusted operating income.

[18] Change in Presentation of Consolidated Statements of Cash Flows: During the fourth quarter of 2024, the Company elected to change its presentation of the cash flows associated with funds held for customers and funds paid on behalf of customers within its Consolidated Statements of Cash Flows. The balances for the first quarter of 2024 have been adjusted to conform to the current period presentation.

Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution, commented, “We delivered strong first quarter results in 2025 despite seasonal softness. Total transaction volume reached RMB52.1 billion and outstanding loan balance rose to RMB74.1 billion, representing year-over-year increases of 7.9% and 13.5%, respectively. This performance demonstrates the continued strong execution of our Local Excellence, Global Outlook strategy.

“As of the end of the first quarter of 2025, we had cumulatively served 35.0 million borrowers across China, Indonesia and the Philippines, while adding 1.2 million new borrowers within the quarter—our third straight quarter surpassing the one million mark. Looking ahead, we are confident that our diversified and resilient business is well-positioned to navigate ongoing global macro uncertainties. While maintaining a prudent approach, we remain optimistic about achieving growth across our footprint markets,” concluded Mr. Li.

Mr. Jiayuan Xu, Chief Financial Officer of FinVolution, continued, “Our strong first quarter performance was reflected across our key financial metrics. Net revenue reached RMB3,481.0 million, marking a healthy 10.0% increase compared to the same period last year, while net profit grew 38.7% year-over-year to RMB737.6 million. Our international business maintained its growth momentum, with its revenues increasing 19.5% year-over-year to RMB710.5 million. This revenue stream represented 20.4% of total net revenue, up from 18.8% in the same period last year, demonstrating increasing contribution from our global operations.

“In addition, our total liquidity position, consisting of cash and cash equivalents and short-term investments, remained strong at RMB8.5 billion, underscoring a robust balance sheet that supports our ongoing operations and our efforts to consistently enhance shareholder returns,” concluded Mr. Xu.

First Quarter 2025 Financial Results

Net revenue for the first quarter of 2025 was RMB3,481.0 million (US$479.7 million), compared with RMB3,165.1 million for the same period of 2024. This increase was primarily due to the increase in loan facilitation service fees and other revenue.

Loan facilitation service fees were RMB1,477.8 million (US$203.6 million) for the first quarter of 2025, compared with RMB985.9 million for the same period of 2024. The increase was primarily due to the increase in the transaction volume and average rate of transaction service fees. 

Post-facilitation service fees were RMB380.6 million (US$52.5 million) for the first quarter of 2025, compared with RMB465.2 million for the same period of 2024. This decrease was primarily due to the rolling impact of deferred transaction fees.

Guarantee income was RMB1,099.5 million (US$151.5 million) for the first quarter of 2025, compared with RMB1,346.1 million for the same period of 2024. This decrease was primarily due to the decrease in risk-bearing loans in the China market, as well as the rolling impact of deferred guarantee income. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment. 

Net interest income was RMB241.6 million (US$33.3 million) for the first quarter of 2025, compared with RMB231.3 million for the same period of 2024. This increase was primarily due to the increase in the average outstanding loan balances of on-balance sheet loans in the China market.

Other revenue was RMB281.5 million (US$38.8 million) for the first quarter of 2025, compared with RMB136.5 million for the same period of 2024. This increase was primarily due to the increase in the contributions from other revenue streams including referral fees.

Origination, servicing expenses and other costs of revenue were RMB620.5 million (US$85.5 million) for the first quarter of 2025, compared with RMB539.6 million for the same period of 2024. This increase was primarily due to the increase in facilitation costs and loan collection expenses as a result of higher outstanding loan balances. 

Sales and marketing expenses were RMB529.7 million (US$73.0 million) for the first quarter of 2025, compared with RMB449.2 million for the same period of 2024, as a result of our more proactive customer acquisition efforts focusing on quality borrowers in both China and the international markets.

Research and development expenses were RMB126.0 million (US$17.4 million) for the first quarter of 2025, compared with RMB120.5 million for the same period of 2024. This increase was primarily due to the increased investment in technology development.

General and administrative expenses were RMB106.9 million (US$14.7 million) for the first quarter of 2025, compared with RMB82.3 million for the same period of 2024. This increase was primarily due to the increased benefits we provided to our employees.

Provision for accounts receivable and contract assets was RMB117.7 million (US$16.2 million) for the first quarter of 2025, compared with RMB65.7 million for the same period of 2024. The increase was primarily due to higher transaction volume of off-balance sheet loans in the international markets. 

Provision for loans receivable was RMB85.4 million (US$11.8 million) for the first quarter of 2025, compared with RMB81.3 million for the same period of 2024. This increase was primarily due to the increase in the loan volume and the outstanding loan balances of on-balance sheet loans in the China market.

Credit losses for quality assurance commitment were RMB1,011.6 million (US$139.4 million) for the first quarter of 2025, compared with RMB1,198.1 million for the same period of 2024. The decrease was primarily due to the decrease in risk-bearing loans in the China market, partially offset by the increase in risk-bearing loans in the international markets.

Operating profit was RMB883.2 million (US$121.7 million) for the first quarter of 2025, compared with RMB628.4 million for the same period of 2024.

Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB917.9 million (US$126.5 million) for the first quarter of 2025, compared with RMB658.7 million for the same period of 2024.

Other income was RMB8.4 million (US$1.2 million) for the first quarter of 2025, compared with RMB31.0 million for the same period of 2024. The decrease was mainly due to reduced income from investments.

Income tax expense was RMB153.9 million (US$21.2 million) for the first quarter of 2025, compared with RMB127.5 million for the same period of 2024. This increase was mainly due to the increase in pre-tax profit and partially offset by the decrease in effective tax rate.  

Net profit was RMB737.6 million (US$101.7 million) for the first quarter of 2025, compared with RMB532.0 million for the same period of 2024.

Net profit attributable to ordinary shareholders of the Company was RMB746.4 million (US$102.9 million) for the first quarter of 2025, compared with RMB527.7 million for the same period of 2024.

Diluted net profit per ADS was RMB2.84 (US$0.39) and diluted net profit per share was RMB0.57 (US$0.08) for the first quarter of 2025, compared with RMB1.97 and RMB0.39 for the same period of 2024, respectively.

Non-GAAP diluted net profit per ADS was RMB2.97 (US$0.41) and non-GAAP diluted net profit per share was RMB0.59 (US$0.08) for the first quarter of 2025, compared with RMB2.08 and RMB0.42 for the same period of 2024, respectively. Each ADS represents five Class A ordinary shares of the Company.

As of March 31, 2025, the Company had cash and cash equivalents of RMB5,406.5 million (US$745.0 million) and short-term investments, mainly in wealth management products and term deposits, of RMB3,055.7 million (US$421.1 million).

The following chart shows the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for loan products facilitated through the Company’s platform in China’s Mainland as of March 31, 2025. Loans facilitated under the capital-light model, for which the Company does not bear principal risk, are excluded from the chart.

Click here to view the chart. 

Business Outlook

Strong execution of our Local Excellence, Global Outlook Strategy drove continued growth in the first quarter of 2025 despite domestic macro headwinds and seasonal softness. We remain confident in capitalizing on China’s recovery while maintaining growth momentum in our international expansion. The Company reiterates its full-year 2025 total revenue guidance to be in the range of approximately RMB14.4 billion to RMB15.0 billion, representing year-over-year growth of approximately 10.0% to 15.0%.

The above forecast is based on the current market conditions and reflects the Company’s current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customers’ and institutional partners’ demands, all of which are subject to change.

Conference Call

The Company’s management will host an earnings conference call at 8:30 PM U.S. Eastern Time on May 20, 2025 (8:30 AM Beijing/Hong Kong Time on May 21, 2025).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

+1-888-346-8982

Canada (toll free):

+1-855-669-9657

International:

+1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Hong Kong, China:

+852-3018-4992

Mainland, China:

400-120-1203

Participants should dial in at least five minutes before the scheduled start time and ask to be connected to the call for “FinVolution Group”.

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.finvgroup.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until May 27, 2025, by dialing the following telephone numbers:

United States (toll free):

+1-877-344-7529

Canada (toll free):                

+1-855-669-9658

International:

+1-412-317-0088

Replay Access Code:

2098969

 

About FinVolution Group 

FinVolution Group is a leading fintech platform with strong brand recognition in China, Indonesia and the Philippines, connecting borrowers of the young generation with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platforms, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of March 31, 2025, the Company had 216.2 million cumulative registered users across China, Indonesia and the Philippines.

For more information, please visit https://ir.finvgroup.com

Use of Non-GAAP Financial Measures

We use non-GAAP adjusted operating income, non-GAAP operating margin, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP adjusted operating income, non-GAAP operating margin, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on this non-GAAP financial measure, please see the table captioned “Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the rate in effect as of March 31, 2025 as certified for customs purposes by the Federal Reserve Bank of New York.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company’s marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Capital Markets
Yam Cheng
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com 

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com   

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com

 

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share data, or otherwise noted)

As of December 31,

As of March 31,

2024

2025

RMB 

RMB

USD

Assets

Cash and cash equivalents

4,672,772

5,406,481

745,033

Restricted cash

2,074,300

2,018,526

278,160

Short-term investments

2,832,382

3,055,696

421,086

Investments

1,173,003

1,141,890

157,357

Quality assurance receivable, net of credit loss allowance for
    quality assurance receivable of RMB426,949 and
    RMB432,418 as of December 31, 2024 and March 31, 2025,
    respectively 

1,639,591

1,537,306

211,846

Intangible assets

137,298

147,898

20,381

Property, equipment and software, net

623,792

616,120

84,904

Loans receivable, net of credit loss allowance for loans receivable
    of RMB226,467 and RMB263,237 as of December 31, 2024 and
    March 31, 2025, respectively

4,157,621

3,760,389

518,195

Accounts receivable and contract assets, net of credit loss
    allowance for accounts receivable and contract assets of
    RMB290,267 and RMB307,974 as of December 31, 2024 and
    March 31, 2025, respectively 

2,405,880

2,641,636

364,027

Deferred tax assets

2,513,865

2,795,057

385,169

Right of use assets

36,826

37,668

5,191

Prepaid expenses and other assets

1,289,380

1,221,091

168,271

Goodwill

50,411

50,411

6,947

Total assets

23,607,121

24,430,169

3,366,567

Liabilities and Shareholders’ Equity

Deferred guarantee income

1,515,950

1,381,146

190,327

Liability from quality assurance commitment

2,964,116

2,995,732

412,823

Payroll and welfare payable

290,389

190,907

26,308

Taxes payable

705,928

947,691

130,595

Short-term borrowings

5,594

26,968

3,716

Funds payable to investors of consolidated trusts

796,122

571,678

78,779

Contract liability

10,185

3,582

494

Deferred tax liabilities

491,213

552,681

76,161

Accrued expenses and other liabilities

1,245,184

1,421,397

195,874

Leasing liabilities

28,765

32,070

4,419

Dividends payable

–

510,201

70,308

Total liabilities

8,053,446

8,634,053

1,189,804

Commitments and contingencies

FinVolution Group Shareholders’ equity

Ordinary shares

103

103

14

Additional paid-in capital

5,815,437

5,854,162

806,725

Treasury stock

(1,765,542)

(1,772,993)

(244,325)

Statutory reserves

852,723

852,723

117,508

Accumulated other comprehensive income

92,626

76,353

10,522

Retained Earnings

10,208,717

10,444,922

1,439,349

Total FinVolution Group shareholders’ equity

15,204,064

15,455,270

2,129,793

Non-controlling interest

349,611

340,846

46,970

Total shareholders’ equity

15,553,675

15,796,116

2,176,763

Total liabilities and shareholders’ equity

23,607,121

24,430,169

3,366,567

 

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 (All amounts in thousands, except share data, or otherwise noted)

For the Three Months Ended March 31,

2024

2025

RMB 

RMB

USD

Operating revenue:

Loan facilitation service fees

985,940

1,477,798

203,646

Post-facilitation service fees

465,192

380,614

52,450

Guarantee income

1,346,115

1,099,514

151,517

     Net interest income

231,307

241,614

33,295

Other Revenue

136,527

281,501

38,792

Net revenue

3,165,081

3,481,041

479,700

Operating expenses:

       Origination, servicing expenses and other cost of revenue

(539,555)

(620,465)

(85,502)

Sales and marketing expenses

(449,209)

(529,703)

(72,995)

Research and development expenses

(120,495)

(126,041)

(17,369)

General and administrative expenses

(82,327)

(106,894)

(14,730)

Provision for accounts receivable and contract assets

(65,662)

(117,718)

(16,222)

Provision for loans receivable

(81,285)

(85,414)

(11,770)

Credit losses for quality assurance commitment

(1,198,099)

(1,011,615)

(139,404)

Total operating expenses

(2,536,632)

(2,597,850)

(357,992)

Operating profit

628,449

883,191

121,708

Other income, net

31,004

8,381

1,155

Profit before income tax expense

659,453

891,572

122,863

Income tax expenses

(127,477)

(153,931)

(21,212)

Net profit

531,976

737,641

101,651

Less: Net profit/(loss) attributable to non-controlling interest shareholders

4,275

(8,765)

(1,208)

Net profit attributable to FinVolution Group

527,701

746,406

102,859

Foreign currency translation adjustment, net of nil tax

11,132

(16,273)

(2,242)

Total comprehensive income attributable to FinVolution Group

538,833

730,133

100,617

Weighted average number of ordinary shares used in computing net income per share

Basic

1,311,510,218

1,265,759,932

1,265,759,932

Diluted

1,341,193,159

1,315,948,116

1,315,948,116

Net profit per share attributable to FinVolution

        Group’s ordinary shareholders

Basic

0.40

0.59

0.08

Diluted

0.39

0.57

0.08

Net profit per ADS attributable to FinVolution Group’s ordinary shareholders (one ADS equal five ordinary shares)

Basic

2.01

2.95

0.41

Diluted

1.97

2.84

0.39

 

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS[18]

 (All amounts in thousands, except share data, or otherwise noted)

Three Months Ended March 31,

2024

2025

RMB 

RMB

USD

Net cash provided by/(used in) operating activities

213,310

522,335

71,982

Net cash provided by/(used in) investing activities

925,695

365,196

50,326

Net cash provided by/(used in) financing activities

(310,143)

(198,331)

(27,332)

Effect of exchange rate changes on cash and cash equivalents

(8,204)

(11,265)

(1,554)

Net increase/(decrease) in cash, cash equivalent and restricted cash

820,658

677,935

93,422

Cash, cash equivalent and restricted cash at beginning of period

6,769,390

6,747,072

929,771

Cash, cash equivalent and restricted cash at end of period

7,590,048

7,425,007

1,023,193

 

 

 

 FinVolution Group

UNAUDITED Reconciliation of GAAP and Non-GAAP Results

 (All amounts in thousands, except share data, or otherwise noted)

For the Three Months Ended March 31,

2024

2025

RMB   

RMB

USD

Net Revenues

3,165,081

3,481,041

479,700

Less: total operating expenses

(2,536,632)

(2,597,850)

(357,992)

Operating Income

628,449

883,191

121,708

Add: share-based compensation expenses

30,289

34,679

4,779

Non-GAAP adjusted operating income

658,738

917,870

126,487

Operating Margin

19.9 %

25.4 %

25.4 %

Non-GAAP operating margin

20.8 %

26.4 %

26.4 %

Non-GAAP adjusted operating income

658,738

917,870

126,487

Add: other income, net

31,004

8,381

1,155

Less: income tax expenses

(127,477)

(153,931)

(21,212)

Non-GAAP net profit

562,265

772,320

106,430

Less: Net profit/(loss) attributable to non-controlling interest shareholders

4,275

(8,765)

(1,208)

Non-GAAP net profit attributable to FinVolution Group

557,990

781,085

107,638

Weighted average number of ordinary shares used in computing net income per share

Basic

1,311,510,218

1,265,759,932

1,265,759,932

Diluted

1,341,193,159

1,315,948,116

1,315,948,116

Non-GAAP net profit per share attributable to FinVolution Group’s ordinary shareholders

Basic

0.43

0.62

0.09

Diluted

0.42

0.59

0.08

Non-GAAP net profit per ADS attributable to FinVolution Group’s ordinary shareholders (one ADS equal five

ordinary shares)

Basic

2.13

3.09

0.43

Diluted

2.08

2.97

0.41

 

View original content:https://www.prnewswire.com/news-releases/finvolution-group-reports-first-quarter-2025-unaudited-financial-results-302460453.html

SOURCE FinVolution Group

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Consilient Expands Access to Federated AI-Powered Financial Crime Solutions in AWS Marketplace, Including for Use in AWS GovCloud (US)

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Consilient’s Federated AML and fraud detection, synthetic financial-crime data, SAR analysis, and open-source intelligence are now available through AWS Marketplace

WASHINGTON, Nov. 9, 2026 /PRNewswire/ — Consilient, the leading provider of federated AI-powered financial-crime discovery and detection technology, today announced that its solutions are now available in Amazon Web Services (AWS) Marketplace, including for use in AWS GovCloud (US). The offering provides financial institutions, fintechs, and U.S. government organizations with a streamlined way to discover, procure, and deploy Consilient’s capabilities through AWS Marketplace.

Customers now have access to Consilient’s Federated AI ecosystem and four complementary products:

Federated Learning Models and Exchange: Behavioral machine-learning models, deployed and shared through a secure federated network that continuously improve by learning across institutions and data sets, without any data moving or leaving the institution’s environment. Covering core anti-money laundering (AML) typologies and specific high-risk financial criminal and fraud activities, the Consilient models also surface hidden risks and emerging typologies that no single institution could detect alone.Federated Synthetic Data: Realistic, labeled examples of rare, emerging, and underrepresented financial-crime risks to support model development, evaluation, and improvement when historical cases and data are limited.SAR Analyzer: AI-assisted analysis of Suspicious Activity Report (SAR) narratives to connect related entities and cases, uncover recurring risk patterns, and turn investigative findings into reusable detection opportunities.OSINT Agent: Open-source and external intelligence on individuals, businesses, ownership, and relationships to help investigators assess risk with fuller context.

Customers can now deploy Consilient flexibly within their AWS environment, taking advantage of shared insights through Consilient’s federated exchange and capabilities while ensuring data remains local, secure, and private.

“Financial-crime teams need more effective and dynamic ways to find emerging risks without compromising sensitive data or adding unnecessary friction to procurement. In proven deployments at Tier-1 financial institutions, Consilient has improved efficiency by 75% and increased detection effectiveness by 4x, uncovering hidden risks that existing systems simply cannot see. Availability in AWS Marketplace makes it easier for financial institutions and government agencies to access these capabilities on a continuous basis, including our newer SAR Analyzer and Federated Synthetic Data products, within the secure, compliant infrastructure they require,”  Ajit Tharaken, Chief Executive Officer, Consilient.

Consilient’s availability in AWS GovCloud (US) reflects growing demand from U.S. government agencies and regulated institutions for financial-crime detection capabilities that meet the highest standards of security and compliance, areas where federated learning’s data-local architecture is a natural fit for cloud infrastructure.  Consilient allows for more dynamic public-private insight sharing and feedback without having to share or move data.

Consilient’s federated learning approach allows approved model updates and insights to strengthen detection across participating institutions without transferring the underlying customer data. Industry estimates suggest existing rules-based systems generate false positive rates of up to 98%, creating enormous operational overhead for compliance teams.  Consilient’s federated capabilities enable more efficient and effective risk discovery.

Consilient’s wider portfolio combines its federated approach with AI-assisted investigation, external intelligence, and synthetic data to address structural inefficiencies of current approaches and support the detection of complex, emerging financial-crime risks dynamically. Consilient’s solutions are now deployable within AWS infrastructure.

To learn more about Consilient’s offerings, visit Consilient.com or view its listing in AWS Marketplace at https://aws.amazon.com/marketplace/pp/prodview-3goaqbwjfiffo.

About Consilient
Consilient is the first company to apply federated AI for the detection and prevention of financial crime and fraud risk.  Consilient’s mission is to transform how the world prevents financial crime. 

Consilient enables financial institutions and regulators to transform financial crime detection by learning from patterns of behavior across institutions and borders, without ever sharing or moving data. Using federated learning, Consilient generates collective and constantly improving insights across data sets, making dynamic industry-wide collaboration to detect financial-crime risk possible for the first time. It reveals complex and emerging threats that cannot be detected within the boundaries of any single institution, improving risk discovery, increasing precision, and enabling more effective prioritization while maintaining strict data privacy and governance standards.

Co-founded and chaired by Juan Zarate, the first-ever U.S. Treasury Assistant Secretary for Terrorist Financing and former Deputy National Security Advisor for Combating Terrorism, Consilient was built to address the structural limitations of siloed detection systems and offer a more effective, collaborative, and systemic approach to preventing financial-crime and fraud while strengthening data privacy.

Learn more at Consilient.com.

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SOURCE Consilient Inc

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InventHelp Inventor Develops New Finger Blood Pressure, Pulse, Oximetry Device (CLR-357)

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PITTSBURGH, Nov. 9, 2026 /PRNewswire/ — “I’m a registered nurse, and I thought there could be a way to obtained three vital signs in one easy step,” said an inventor, from Romeoville, Ill., “so I invented the FINGER BLOOD PRESSURE, PULSE, OXIMETRY DEVICE. My design offers a simple and accurate way to frequently monitor blood pressure, pulse rate, and oxygen saturation.”

The invention provides an improved means to monitor vital signs in medical settings, at home, as well as when on the go. In doing so, it can be used to monitor the pulse, oxygen saturation, as well as blood pressure. As a result, it saves time and effort, and it eliminates the need to employ multiple devices. The invention features a practical design that is easy to use so it is ideal for the medical facilities, households, on-the-go individuals, and the general population.

The original design was submitted to the Chicago sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 25-CLR-357, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/inventhelp-inventor-develops-new-finger-blood-pressure-pulse-oximetry-device-clr-357-302933252.html

SOURCE InventHelp

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DongA Science turns 40 years of science journalism into AI tutor AiR NOVA, a CES 2027 honoree

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AiR NOVA answers K-12 students’ science questions using more than 100,000 articles written by DongA Science’s own journalists, showing the source article behind each answer.Launching in January 2027 on web, iOS and Android in Korean, English, Vietnamese and Spanish.

AiR NOVA’s Tutor answers a question about a newly named Korean dinosaur and shows the source article behind the answer. Background imagery is AI-generated.

SEOUL, South Korea, Nov. 9, 2026 /PRNewswire/ — DongA Science, a South Korean science media company that has published science magazines since 1986, has built an AI tutor on its own journalism. AiR NOVA, which answers students’ science questions from the company’s archive and shows the source article behind each answer, has been named a CES Innovation Awards® 2027 Honoree in the EdTech category, the company announced today.

As news publishers around the world weigh how their reporting should be used by AI, DongA Science took a different route by turning its archive into an exclusive learning product. Rather than drawing on the open web, AiR NOVA sources its answers from more than 100,000 articles reported and verified by the company’s science journalists over the past 40 years. This archive spans its magazine archive and daily science news, allowing students to verify where each answer originated. Furthermore, students using AiR NOVA in English, Vietnamese or Spanish receive answers in their selected language, alongside the translated source article from the Korean original.

To learn more about AiR NOVA’s CES 2027 recognition and explore its AI-driven educational features, visit nova.dongascience.com/intro or watch the introductory video at www.youtube.com/watch?v=03EsRqmuASQ.

Three Ways to Keep Students Asking

AiR NOVA is designed for K-12 students and integrates three core AI functions into a single app:

Tutor answers questions with verified sources. For instance, if a student asks, “Are new dinosaurs still being discovered?” Tutor explains at their grade level how the Doolysaurus was named in 2026 as Korea’s third new dinosaur species, and then displays the reference article.Socrates is a patent-pending Socratic-dialogue mode that replies with guiding questions instead of direct answers, encouraging students to reason their way to an explanation in their own words. Students can also upload their inquiry reports, prompting Socrates to ask questions that walk them back through their conclusion process.Coach sustains the inquiry process beyond the initial answer. Students work through missions tied to specific articles, which involve predicting, asking questions, checking sources, explaining and reflecting.

In the Classroom

Teachers can utilize Coach to structure lessons around articles that match their curriculum, build worksheets and missions, and track each student’s participation and results via comprehensive reports. This significantly reduces the time required to prepare inquiry-based lessons.

At launch, AiR NOVA’s science and math content will align with South Korea’s national curriculum, the U.S. Next Generation Science Standards (NGSS), the Common Core State Standards for Mathematics (CCSSM), Cambridge International and the International Baccalaureate (IB). AiR NOVA will be available in January 2027 on web, iOS and Android platforms, requiring no dedicated device. Pricing details will be announced at a later date.

Built on a Proven Service in South Korean Schools

AiR NOVA is the global edition of DongA Science AiR, the company’s established AI science inquiry service in South Korea. The school edition, DongA Science AiR edu, is currently utilized by more than 20,000 students across 170 schools, who collectively complete an average of 5,000 inquiry activities per month. DongA Science developed AiR NOVA based on this extensive operational experience and direct feedback from educators, including practicing teachers collaborating through a classroom problem-solving project run by the Korea Education and Research Information Service (KERIS), a South Korean public agency.

The Korean service was honored with the Minister of Science and ICT Award at the 2024 Digital Service Frontier Awards, while its school edition received the Minister of Education Award at the 2026 K-EduTech Contest.

Showcasing at CES 2027

AiR NOVA will be featured in the Korea Pavilion at CES 2027, taking place Jan. 6-9, 2027, in Las Vegas. During the event, DongA Science plans to connect with global education institutions and edtech companies.

“This CES Innovation Awards honor reflects our long-standing effort to combine the science content we have built up over many years with AI technology to solve real problems in education,” said Kyung-ae Jang, CEO of DongA Science. “We want students around the world to start from a small spark of curiosity and discover the joy of inquiry with AiR NOVA, and we want teachers to be able to design inquiry lessons without the extra burden.”

The CES Innovation Awards program, produced by the Consumer Technology Association (CTA), honors outstanding design and engineering in consumer technology products.

About DongA Science

DongA Science is a leading South Korean science media company that connects science journalism with AI technology to broaden how people learn. Starting with its flagship magazine, Science DongA, launched in 1986, it publishes science and math magazines for children and teens and, together with its daily science news, has built an archive of more than 100,000 science articles over 40 years. Content reported and verified by its science journalists is the foundation for building trustworthy AI education products. On that foundation, the company operates the AI science inquiry service DongA Science AiR in South Korea and will launch its global edition, AiR NOVA, in January 2027.

Website: www.dongascience.com/en
About AiR NOVA: nova.dongascience.com/intro
Video: www.youtube.com/watch?v=03EsRqmuASQ

CES® is a registered trademark of the Consumer Technology Association (CTA)®.

View original content to download multimedia:https://www.prnewswire.com/news-releases/donga-science-turns-40-years-of-science-journalism-into-ai-tutor-air-nova-a-ces-2027-honoree-302933148.html

SOURCE DongA Science

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