Shares rose 10.2% following a quarter that demonstrated steady sequential growth in revenues and profits, driven notably by strong overseas expansion and improving operating efficiency, which exceeded investor expectations.
- Group net revenue increased 6% sequentially to RMB 3.2 billion, with operating profit up 13% sequentially.
- Overseas revenue grew 35% year-over-year to RMB 949 million, with operating profit nearly doubling (+88% YoY) and now representing 30% of overall group revenue.
- Chinese Mainland transaction volume remained steady quarter-over-quarter at RMB 38.5 billion, with vintage delinquency improving by 30 basis points, supporting cautious but positive growth momentum.
- Added approximately 0.6 million new borrowers in China this quarter, a 7% sequential increase, while acquisition costs declined.
- Technology and AI initiatives accounted for over 50% of frontline operations, enhancing collection efficiency and lending decisions, particularly in overseas markets.
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