FinVolution Group reports strong Q4 2024 earnings growth

FinVolution Group has announced its financial results for the fourth quarter of 2024. The company reported a non-GAAP diluted net profit per American Depositary Share (ADS) of RMB2.74, which is about US$0.38. For individual shares, the profit was RMB0.55, or US$0.08. The company's net revenue for the fourth quarter reached RMB3,456.7 million, approximately US$473.6 million. This is an increase from RMB3,223.6 million in the same quarter of 2023. Looking ahead, FinVolution Group expects to achieve total revenue between RMB14.4 billion and RMB15.0 billion for the full year 2025. This would represent growth of about 10% to 15% compared to the previous year.