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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
Equity attributable to X Financial
Cumulative effect of accounting change
CNY (¥)
Equity attributable to X Financial
CNY (¥)
Equity attributable to X Financial
USD ($)
Common share
Cumulative effect of accounting change
CNY (¥)
shares
Common share
CNY (¥)
shares
Common share
USD ($)
shares
Treasury stock
CNY (¥)
Treasury stock
USD ($)
Additional paid-in capital
Cumulative effect of accounting change
CNY (¥)
Additional paid-in capital
CNY (¥)
Additional paid-in capital
USD ($)
Retained earnings (Accumulated deficits)
Cumulative effect of accounting change
CNY (¥)
Retained earnings (Accumulated deficits)
CNY (¥)
Retained earnings (Accumulated deficits)
USD ($)
Accumulated other comprehensive income
Cumulative effect of accounting change
CNY (¥)
Accumulated other comprehensive income
CNY (¥)
Accumulated other comprehensive income
USD ($)
Non-controlling interests
Cumulative effect of accounting change
CNY (¥)
Non-controlling interests
CNY (¥)
Cumulative effect of accounting change
CNY (¥)
CNY (¥)
shares
USD ($)
shares
Balance at Dec. 31, 2019 ¥ 4,348,616,608 ¥ 4,365,859,186   ¥ 201,240 ¥ 201,240       ¥ 2,987,363,137 ¥ 2,987,363,137   ¥ 1,293,951,429 ¥ 1,311,194,007   ¥ 67,100,802 ¥ 67,100,802   ¥ 1,246,482 ¥ 1,246,482 ¥ 4,349,863,090 ¥ 4,367,105,668  
Balance (in shares) at Dec. 31, 2019 | shares       320,667,943 320,667,943 320,667,943                                
Issuance of new shares         ¥ 1,806         (1,806)                        
Exercise of share option   612,530               612,530                     612,530  
Cancellation of shares   (68,936)     (176)         (68,760)                     (68,936)  
Sharebased compensation   80,140,138               80,140,138                     80,140,138  
Net income   (1,308,502,575)                     (1,308,502,575)           41,134   (1,308,461,441)  
Foreign currency translation adjustments   (46,041,729)                           (46,041,729)         (46,041,729)  
Balance (Adoption of ASU 2016-13) at Dec. 31, 2020 [1]                       ¥ (17,242,578)                    
Balance at Dec. 31, 2020   3,074,756,036     ¥ 202,870         3,068,045,239     (14,551,146)     21,059,073     1,287,616   3,076,043,652  
Balance (in shares) at Dec. 31, 2020 | shares         323,117,943 323,117,943                                
Issuance of new shares         ¥ 3,923         (3,923)                        
Issuance of new shares (in shares) | shares         2,700,000 2,700,000                                
Exercise of share option   2,959,511               2,959,511                     2,959,511  
Sharebased compensation   88,434,772               88,434,772                     88,434,772  
Acquisition of non-controlling interest   87,138               87,138                 (1,287,138)   (1,200,000)  
Net income   825,407,023                     825,407,023           ¥ (478)   825,406,545  
Foreign currency translation adjustments   (14,749,519)                           (14,749,519)         (14,749,519)  
Balance at Dec. 31, 2021   3,976,894,961 $ 576,595,569   ¥ 206,793 $ 29,982       3,159,522,737 $ 458,087,737   810,855,877 $ 117,563,051   6,309,554 $ 914,799       ¥ 3,976,894,961 $ 576,595,569
Balance (in shares) at Dec. 31, 2021 | shares         329,117,943 329,117,943                             329,117,943 329,117,943
Repurchase of common shares   (146,740,902) (21,275,431)       ¥ (146,740,902) $ (21,275,431)                         ¥ (146,740,902) $ (21,275,431)
Repurchase of common shares (in shares) | shares         (48,088,568) (48,088,568)                                
Transfer to employee stock ownership plans             22,144,121 3,210,596   (22,144,121)                        
Transfer to employee stock ownership plans (in share) | shares         6,889,194 6,889,194                                
Issuance of new shares (in shares) | shares         6,000,000 6,000,000                                
Exercise of share option   277,342 40,211             277,342 40,211                   ¥ 277,342 $ 40,211
Exercise of share option (in shares) | shares                                         123,602 123,602
Cancellation of shares (in shares) | shares         250,000 250,000                                
Sharebased compensation   53,537,815 7,762,254             53,537,815 7,762,254                   ¥ 53,537,815 $ 7,762,254
Net income   811,996,439 117,728,417                   811,996,439 117,728,417             811,996,439 117,728,417
Gain from equity in affiliates   204,444 29,642                         204,444 29,642       204,444 29,642
Foreign currency translation adjustments   57,084,593 8,276,488                         57,084,593 8,276,488       57,084,593 8,276,488
Balance at Dec. 31, 2022   ¥ 4,753,254,692 $ 689,157,150   ¥ 206,793 $ 29,982 ¥ (124,596,781) $ (18,064,835)   ¥ 3,191,193,773 $ 462,679,606   ¥ 1,622,852,316 $ 235,291,468   ¥ 63,598,591 $ 9,220,929       ¥ 4,753,254,692 $ 689,157,150
Balance (in shares) at Dec. 31, 2022 | shares         287,918,569 287,918,569                             287,918,569 287,918,569
[1] The Group adopted ASU 2016-13 on January 1, 2020. See Note 2 (Summary of Significant Accounting Policies) for more information.