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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2024
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Assets      
Cash and cash equivalents $ 640,167 ¥ 4,672,772 ¥ 4,969,319
Restricted cash 284,178 2,074,300 1,800,071
Short-term investments 388,035 2,832,382 2,960,821
Accounts receivable and contract assets, net of credit loss allowance for accounts receivable and contract assets of RMB310,394 and RMB290,267 as of December 31, 2023 and 2024, respectively 329,604 2,405,880 2,208,538
Quality assurance receivable, net of credit loss allowance for quality assurance receivable of RMB529,392 and RMB426,949 as of December 31, 2023 and 2024, respectively 224,623 1,639,591 1,755,615
Loans receivable, net of credit loss allowance for loans receivable of RMB214,550 and RMB226,467 as of December 31, 2023 and 2024, respectively 569,592 4,157,621 1,127,388
Property, equipment and software, net 85,459 623,792 140,933
Right of use assets 5,045 36,826 38,110
Intangible assets 18,810 137,298 98,692
Goodwill 6,906 50,411 50,411
Investments 160,701 1,173,003 1,135,133
Deferred tax assets 344,398 2,513,865 1,624,325
Prepaid expenses and other assets 176,644 1,289,380 3,384,317
Total assets 3,234,162 23,607,121 21,293,673
Liabilities and Shareholders’ Equity:      
Deferred guarantee income (including deferred guarantee income of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB1,603,682 and RMB1,283,000 as of December 31, 2023 and 2024, respectively) 207,684 1,515,950 1,882,036
Liability from quality assurance commitment (including liability from quality assurance commitment of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB2,985,013 and RMB2,591,768 as of December 31, 2023 and 2024, respectively) 406,082 2,964,116 3,306,132
Payroll and welfare payable (including payroll and welfare payable of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB142,614 and RMB153,686 as of December 31, 2023 and 2024, respectively) 39,783 290,389 261,528
Taxes payable (including taxes payable of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB133,473 and RMB561,475 as of December 31, 2023 and 2024, respectively) 96,712 705,928 207,477
Funds payable to investors of consolidated trusts (including funds payable to investors of consolidated trusts of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB436,322 and RMB793,720 as of December 31, 2023 and 2024, respectively) 109,068 796,122 436,352
Contract liabilities (including contract liabilities of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB5,109 and RMB10,185 as of December 31, 2023 and 2024, respectively) 1,395 10,185 5,109
Short-term borrowings 766 5,594 5,756
Amounts due to related parties (including amounts due to related parties of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB134 and RMB130 as of December 31, 2023 and 2024, respectively) 1,824 13,314 134
Leasing liabilities (including leasing liabilities of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB32,811 and RMB22,673 as of December 31, 2023 and 2024, respectively) 3,941 28,765 35,878
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB65,201 and RMB112,604 as of December 31, 2023 and 2024, respectively) 67,296 491,213 340,608
Accrued expenses and other liabilities (including accrued expenses and other liabilities of the consolidated VIE and VIE’s subsidiaries including consolidated trusts without recourse to the Company of RMB702,030 and RMB878,881 as of December 31, 2023 and 2024, respectively) 168,766 1,231,870 941,765
Total liabilities 1,103,317 8,053,446 7,422,775
Commitments and contingencies  
FinVolution Group shareholders’ equity:      
Additional paid-in capital 796,712 5,815,437 5,748,734
Treasury stock (223,676,230 and 283,820,445 shares as of December 31, 2023 and 2024, respectively) (241,878) (1,765,542) (1,199,683)
Statutory reserves 116,823 852,723 762,472
Accumulated other comprehensive income 12,689 92,626 80,006
Retained earnings 1,398,588 10,208,717 8,357,153
Total FinVolution Group shareholders’ equity 2,082,948 15,204,064 13,748,785
Non-controlling interest 47,897 349,611 122,113
Total shareholders’equity 2,130,845 15,553,675 13,870,898
Total liabilities and shareholders’ equity 3,234,162 23,607,121 21,293,673
Common Class A [Member]      
FinVolution Group shareholders’ equity:      
Ordinary shares 9 64 64
Common Class B [Member]      
FinVolution Group shareholders’ equity:      
Ordinary shares $ 5 ¥ 39 ¥ 39