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X Financial Q1 revenue drops 39%, net income plunges 92% amid tighter credit and lower loan volumes

Company Fundamentals
27 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

X Financial reported a 39.3% year-over-year revenue decline to RMB1.18 billion in Q1 2026, driven by stricter credit standards and a 58.4% drop in loan originations to RMB14.63 billion. Net income fell 91.7% to RMB37.9 million due to higher credit provisions and reduced loan facilitation revenue. Delinquency rates showed mixed trends, with short-term improving but longer-term worsening due to aging delinquent loans. The company plans cautious loan growth in Q2 and continues to strengthen risk management amid evolving regulations and market challenges.

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