CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2025
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2025
USD ($)
$ / shares
shares
|
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
|
|
| Net revenues | ||||
| Total net revenue | ¥ 7,639,424,431 | $ 1,092,423,164 | ¥ 5,871,781,746 | ¥ 4,814,884,030 |
| Operating costs and expenses: | ||||
| Origination and servicing | 2,020,546,352 | 288,934,286 | 1,738,139,455 | 1,544,013,591 |
| Borrower acquisitions and marketing | 2,202,374,833 | 314,935,412 | 1,582,472,287 | 1,370,942,033 |
| General and administrative | 199,559,193 | 28,536,585 | 175,932,509 | 153,943,169 |
| Provision for contingent guarantee liabilities | 1,001,272,880 | 143,180,118 | 241,738,132 | 67,519,980 |
| Provision for accounts receivable and contract assets | 242,719,252 | 34,708,391 | 35,732,133 | 12,233,743 |
| Change in fair value of financial guarantee derivative | 3,367,074 | 481,485 | (1,038,258) | (24,966,242) |
| Fair value adjustments related to Consolidated Trusts | 0 | 0 | 0 | 531,202 |
| (Reversal of) provision for credit losses on deposits to institutional cooperators | (774,772) | (110,791) | 3,222,273 | (673,558) |
| Provision for credit losses for other financial assets | 72,587 | 10,380 | 155,379 | 86,019 |
| Total operating expenses | 6,009,346,455 | 859,325,114 | 3,998,012,333 | 3,352,766,979 |
| Income from operations | 1,630,077,976 | 233,098,050 | 1,873,769,413 | 1,462,117,051 |
| Interest income | 29,512,054 | 4,220,168 | 22,326,830 | 10,295,578 |
| Interest expenses | (18,853,444) | (2,696,007) | (22,886,523) | (30,660,399) |
| Foreign exchange loss | (8,539,842) | (1,221,180) | (9,533,320) | (4,023,039) |
| Income (loss) from financial investments | (14,456,247) | (2,067,216) | 17,133,677 | 6,497,518 |
| Other income, net | 132,250,299 | 18,911,541 | 13,520,019 | 24,351,280 |
| Income before income taxes | 1,749,990,796 | 250,245,356 | 1,894,330,096 | 1,468,577,989 |
| Income tax expense | (291,649,324) | (41,705,298) | (405,701,714) | (261,130,503) |
| (Loss) gain from equity in affiliates, net of tax | 25,716,267 | 3,677,377 | 10,159,031 | (1,930,792) |
| (Loss) gain from financial investments at equity method, net of tax | (19,505,515) | (2,789,252) | 41,118,352 | (18,722,720) |
| Net income attributable to X Financial | 1,464,552,224 | 209,428,183 | 1,539,905,765 | 1,186,793,974 |
| Other comprehensive income, net of tax: | ||||
| Other comprehensive income attributable to equity in affiliates | 147,887 | 21,148 | (313,815) | (6,852) |
| Other comprehensive income attributable to financial investments | 3,198,217 | 457,339 | 292,799 | 474,792 |
| Foreign currency translation adjustments | (20,673,707) | (2,956,302) | 11,596,395 | 5,410,120 |
| Comprehensive income | 1,447,224,621 | 206,950,368 | 1,551,481,144 | 1,192,672,034 |
| Less: comprehensive income attributable to non-controlling interests | 0 | 0 | 0 | 0 |
| Comprehensive income attributable to X Financial | ¥ 1,447,224,621 | $ 206,950,368 | ¥ 1,551,481,144 | ¥ 1,192,672,034 |
| Net income per share-basic (in dollars per share) | (per share) | ¥ 6 | $ 0.86 | ¥ 5.33 | ¥ 4.12 |
| Weighted average number of ordinary shares outstanding-basic (in shares) | 243,975,946 | 243,975,946 | 288,828,371 | 288,115,969 |
| Net income per share-diluted (in dollars per share) | (per share) | ¥ 5.87 | $ 0.84 | ¥ 5.25 | ¥ 4.08 |
| Weighted average number of ordinary shares outstanding-diluted (in shares) | 249,489,203 | 249,489,203 | 293,354,671 | 290,833,214 |
| Xiaoying Housing Loan | ||||
| Operating costs and expenses: | ||||
| Reversal of provision for loan receivable from Xiaoying Housing Loans | ¥ (8,102) | $ (1,159) | ¥ (4,156,904) | ¥ (4,213,234) |
| Xiaoying Credit Loans And Revolving Loans | ||||
| Operating costs and expenses: | ||||
| Provision for loans receivable from Xiaoying Credit Loans and other loans | 340,217,158 | 48,650,407 | 225,815,327 | 233,350,276 |
| Loan facilitation service | ||||
| Net revenues | ||||
| Total net revenue | 3,843,004,896 | 549,542,391 | 3,102,344,942 | 2,740,974,233 |
| Post-origination service | ||||
| Net revenues | ||||
| Total net revenue | 1,074,453,821 | 153,644,853 | 759,538,640 | 596,581,987 |
| Financing income | ||||
| Net revenues | ||||
| Total net revenue | 1,396,975,778 | 199,764,879 | 1,372,004,085 | 1,137,336,454 |
| Guarantee income | ||||
| Net revenues | ||||
| Total net revenue | 636,572,154 | 91,028,607 | 201,715,792 | 24,496,658 |
| Other revenue | ||||
| Net revenues | ||||
| Total net revenue | ¥ 688,417,782 | $ 98,442,434 | ¥ 436,178,287 | ¥ 315,494,698 |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount, after tax, of other comprehensive income (loss) (OCI) for proportionate share of equity method investee's OCI, attributable to parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Expenses relating to borrower acquisitions and marketing. No definition available.
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| X | ||||||||||
- Definition Amount of changes in fair value of loans and payable to investors. No definition available.
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| X | ||||||||||
- Definition Amount of income (loss) from financial investments at equity method. No definition available.
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| X | ||||||||||
- Definition Amount of expense related to provision for accounts receivable and contract assets. No definition available.
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| X | ||||||||||
- Definition Amount of expense related to provision for contingent guarantee liabilities. No definition available.
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| X | ||||||||||
- Definition Amount Provision created during the period for deposit assets. No definition available.
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| X | ||||||||||
- Definition Amount of expense related to estimated loss from loan and lease transactions extended No definition available.
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| X | ||||||||||
- Definition Amount of provision for loans receivable during period and other loans. No definition available.
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| X | ||||||||||
- Definition Represents the amount of reversal of credit losses for other financial assets. No definition available.
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