XML 27 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
12 Months Ended
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Dec. 31, 2020
CNY (¥)
¥ / shares
shares
Net revenues        
Total net revenue ¥ 3,562,950,115 $ 516,579,208 ¥ 3,626,465,105 ¥ 2,192,957,458
Operating costs and expenses        
Origination and servicing 2,126,741,766 308,348,571 1,963,006,006 2,071,506,464
General and administrative 171,523,720 24,868,602 187,859,411 179,225,336
Sales and marketing 15,448,209 2,239,780 20,829,534 35,629,022
(Reversal of) provision for contingent guarantee liabilities (14,000,000) (2,029,809) (24,284) 880,948
Provision for accounts receivable and contract assets 21,835,625 3,165,868 77,247,810 121,485,215
(Reversal of) provision for credit losses on deposits to institutional cooperators 1,295,879 187,885 (8,291,421) 10,318,117
Impairment loss on deposits to institutional cooperators       960,000,000
Reversal of provision of credit losses for other financial assets (764,600) (110,857) (1,223,360) (975,040)
Total operating expenses 2,480,656,302 359,661,356 2,315,421,305 3,623,273,658
Income (Loss) from operations 1,082,293,813 156,917,852 1,311,043,800 (1,430,316,200)
Interest income (expenses), net 3,756,232 544,602 19,709,140 21,724,308
Foreign exchange gain (loss) (19,962,949) (2,894,356) 5,147,137 15,398,932
Income (loss) from financial investments 20,900,025 3,030,219    
Impairment losses on financial investments (8,874,750) (1,286,718)    
Impairment losses on long-term investments (26,865,733) (3,895,165)    
Change in fair value of financial guarantee derivative 137,654,096 19,957,968 (170,338,993) (163,670,115)
Fair value adjustments related to Consolidated Trusts (6,168,307) (894,320) (7,266,784) (57,380,274)
Other income (loss), net 40,723,863 5,904,406 32,506,084 12,709,213
Income (Loss) before income taxes and gain (loss) from equity in affiliates 1,223,456,290 177,384,488 1,190,800,384 (1,601,534,136)
Income tax benefit (expense) (389,357,613) (56,451,548) (368,735,701) 299,878,635
Gain (loss) from equity in affiliates, net of tax (22,102,238) (3,204,523) 3,341,862 (6,805,940)
Net income (loss) 811,996,439 117,728,417 825,406,545 (1,308,461,441)
Less: net gain (loss) attributable to non-controlling interests     (478) 41,134
Net income (loss) attributable to X Financial 811,996,439 117,728,417 825,407,023 (1,308,502,575)
Other comprehensive income (loss), net of tax of nil:        
Gain from equity in affiliates 204,444 29,642    
Foreign currency translation adjustments 57,084,593 8,276,488 (14,749,519) (46,041,729)
Comprehensive income (loss) 869,285,476 126,034,547 810,657,026 (1,354,503,170)
Less: comprehensive income (loss) attributable to non-controlling interests     (478) 41,134
Comprehensive income (loss) attributable to X Financial ¥ 869,285,476 $ 126,034,547 ¥ 810,657,504 ¥ (1,354,544,304)
Net income (loss) per share-basic | (per share) ¥ 2.57 $ 0.37 ¥ 2.51 ¥ (4.07)
Weighted average number of ordinary shares outstanding-basic | shares 316,444,826 316,444,826 329,230,273 321,236,089
Net income (loss) per share-diluted | (per share) ¥ 2.52 $ 0.37 ¥ 2.45 ¥ (4.07)
Weighted average number of ordinary shares outstanding-diluted | shares 322,403,387 322,403,387 336,881,082 321,236,089
Xiaoying Credit Loans And Revolving Loans        
Operating costs and expenses        
Provisions for loans receivable from Xiaoying Credit Loans and other loans ¥ 164,641,879 $ 23,870,829 ¥ 76,395,168 ¥ 227,210,026
Xiaoying Housing Loan        
Net revenues        
Total net revenue       172,960
Operating costs and expenses        
Provision for accounts receivable and contract assets 21,835,625 3,165,868 77,247,810 121,485,215
Provision for Loan and Lease Losses (6,066,176) (879,513) (377,559) 17,993,570
Loan facilitation service-Direct Model        
Net revenues        
Total net revenue 2,044,343,554 296,401,954 2,545,431,636 1,266,532,773
Loan facilitation service-Intermediary Model        
Net revenues        
Total net revenue     161,313 41,372,812
Post-origination service        
Net revenues        
Total net revenue 372,450,606 54,000,262 315,590,118 203,841,829
Financing income        
Net revenues        
Total net revenue 966,277,466 140,097,063 671,901,495 612,863,477
Other revenue        
Net revenues        
Total net revenue ¥ 179,878,489 $ 26,079,929 ¥ 93,380,543 68,346,567
Other revenue | Xiaoying Housing Loan        
Net revenues        
Total net revenue       ¥ 172,960