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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
ASSETS      
Cash and cash equivalents ¥ 602,270,607 $ 87,321,030 ¥ 584,762,494
Restricted cash (including RMB212,812,257 and RMB[398,439,250] from Consolidated Trusts and Partnerships as of December 31, 2021 and 2022, respectively) 404,689,250 58,674,426 407,276,342
Accounts receivable and contract assets, net of allowance of RMB25,867,957 and RMB21,875,166 as of December 31, 2021 and 2022, respectively (including RMB8,335,518 and RMB37,262,868 from Consolidated Trusts and Partnerships as of December 31, 2021 and 2022, respectively) 1,161,911,740 168,461,367 747,480,118
Loans at fair value (including RMB389,679,352 and RMB120,279,612 from Consolidated Trusts and Partnerships as of December 31, 2021 and 2022, respectively) 120,279,612 17,438,904 389,679,352
Deposits to institutional cooperators, net 1,770,317,425 256,671,899 1,500,406,750
Prepaid expenses and other current assets, net (including RMB7,889,836 and RMB6,097,222 from Consolidated Trusts and Partnerships as of December 31, 2021 and 2022, respectively) 71,082,341 10,305,971 213,127,478
Financial guarantee derivative     11,816,799
Deferred tax assets, net 88,428,436 12,820,918 274,868,534
Long-term investments 495,994,880 71,912,498 560,038,353
Financial investments 192,619,850 27,927,253 82,843,800
Property and equipment, net 5,861,360 849,817 6,188,262
Intangible assets, net 36,549,922 5,299,241 36,816,984
Other non-current assets 67,203,542 9,743,598 31,277,378
TOTAL ASSETS 8,837,663,448 1,281,340,754 7,342,738,892
LIABILITIES      
Payable to investors and institutional funding partners at amortized cost (including RMB1,466,068,260 and RMB2,627,910,203 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the company as of December 31, 2021 and 2022, respectively) 2,627,910,203 381,011,164 1,487,378,613
Payable to investors at fair value (including RMB462,714,400 and RMB141,288,810 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 141,288,810 20,484,952 462,714,400
Financial guarantee derivative (including RMB565,953,269 and RMB107,890,394 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 107,890,394 15,642,637 565,953,269
Short-term borrowings (including nil and RMB20,000,000 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 70,208,800 10,179,319 166,500,000
Accrued payroll and welfare (including RMB8,959,248 and RMB12,047,490 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 63,681,358 9,232,929 44,605,137
Other taxes payable (including RMB100,333,129 and RMB123,105,603 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 255,690,734 37,071,671 219,545,929
Income taxes payable (including RMB8,189,833 and income tax receivable of RMB1,870,729 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 270,088,963 39,159,219 117,148,450
Deposit payable to channel cooperators 19,700,235 2,856,266 21,012,235
Accrued expenses and other current liabilities (including RMB85,485,440 and RMB[ ] from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 476,034,533 69,018,520 268,966,550
Other non-current liabilities (including nil and RMB1,937,009 from the Consolidated VIEs, Trusts and Partnerships, without recourse to the Company as of December 31, 2021 and 2022, respectively) 51,193,049 7,422,294 12,019,348
Deferred tax liabilities 721,677 104,633  
TOTAL LIABILITIES 4,084,408,756 592,183,604 3,365,843,931
Commitments and Contingencies
Equity:      
Common shares (US$0.0001 par value; 1,000,000,000 shares authorized as of December 31, 2021 and 2022; 329,117,943 and 329,117,943 shares issued as of December 31, 2021 and 2022; 329,117,943 and 287,918,569 shares outstanding as of December 31, 2021 and 2022) 206,793 29,982 206,793
Treasury stock (nil and 41,199,374 shares as of December 31, 2021 and 2022) (124,596,781) (18,064,835)  
Additional paid-in capital 3,191,193,773 462,679,606 3,159,522,737
Retained earnings 1,622,852,316 235,291,468 810,855,877
Other comprehensive income 63,598,591 9,220,929 6,309,554
Total X Financial shareholders' equity 4,753,254,692 689,157,150 3,976,894,961
TOTAL EQUITY 4,753,254,692 689,157,150 3,976,894,961
TOTAL LIABILITIES AND EQUITY 8,837,663,448 1,281,340,754 7,342,738,892
Xiaoying Housing Loan [Member]      
ASSETS      
Loan receivable from Xiaoying Housing Loans, net 10,061,258 1,458,745 12,083,317
Xiaoying Credit Loans and Revolving Loans [Member]      
ASSETS      
Loan receivable from Xiaoying Housing Loans, net ¥ 3,810,393,225 $ 552,455,087 ¥ 2,484,072,931