FinVolution GroupImpact on stocks 1
FinVolution GroupFinVolution Group reported second quarter 2026 net profit of RMB426.8 million, down 43% from RMB751.3 million a year earlier, as total transaction volume fell 17% to RMB44.8 billion. The Chinese Mainland segment, which accounts for the bulk of the business, saw transaction volume drop 19.3% to RMB41.0 billion, while overseas markets grew 18.8% to RMB3.8 billion. Group net revenue declined to RMB3,403.2 million from RMB3,578.0 million, and diluted net profit per ADS was RMB1.80, down from RMB2.82. The company repurchased US$27.4 million in shares during the quarter and reiterated its full-year 2026 revenue guidance of RMB11.5 billion to RMB12.9 billion, despite expecting a considerable contraction in China transaction volume in the third quarter due to tightening institutional funding.
FinVolution Group