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X Financial Reports Second Quarter 2021 Unaudited Financial Results SHENZHEN , China , August 9 , 2021 / PRNewswire / -- X Financial ( NYSE : XYF ) ( the " Company " or " we " ) , a leading online personal finance company in China , today announced its unaudited financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Financial Highlights • • • • • Total net revenue in the second quarter of 2021 was RMB932.4 million ( US $ 144.4 million ) , representing an increase of 140.4 % from RMB387.9 million in the same period of 2020 . Income from operations in the second quarter of 2021 was RMB337.7 million ( US $ 52.3 million ) , compared with loss from operations of RMB341.5 million in the same period of 2020 . Net income attributable to X Financial shareholders in the second quarter of 2021 was RMB223.2 million ( US $ 34.6 million ) , compared with net loss attributable to X Financial shareholders of RMB343.7 million in the same period of 2020 . Non - GAAP adjusted net income attributable to X Financial shareholders in the second quarter of 2021 was RMB241.9 million ( US $ 37.5 million ) , compared with Non - GAAP adjusted net loss attributable to X Financial shareholders of RMB325.9 million in the same period of 2020 . Net income per basic and diluted American depositary share ( " ADS " ) 2 in the second quarter of 2021 was RMB4.02 ( US $ 0.62 ) and RMB3.96 ( US $ 0.61 ) , compared with net loss per basic and diluted ADS of RMB6.42 and RMB6.42 , respectively , in the same period of 2020 . Non - GAAP adjusted net income per basic and adjusted diluted ADS in the second quarter of 2021 was RMB4.38 ( US $ 0.68 ) , and RMB4.26 ( US $ 0.66 ) , compared with Non - GAAP adjusted net loss per basic and diluted ADS of RMB6.12 and RMB6.12 , respectively , in the same period of 2020 . Second Quarter 2021 Operational Highlights 1 The total loan facilitation amount³ in the second quarter of 2021 was RMB12,835 million , representing an increase of 108.6 % from RMB6,153 million in the same period of 2020 and an increase of 18.2 % from RMB10,855 million in the previous quarter . Xiaoying Credit Loanª The Company uses in this press release the following non - GAAP financial measures : ( i ) adjusted net income ( loss ) , ( ii ) adjusted net income ( loss ) attributable to X Financial shareholders , ( iii ) adjusted net income ( loss ) per basic ADS , and ( iv ) adjusted net income ( loss ) per diluted ADS , each of which excludes share - based compensation expense and income ( loss ) from investments in VC funds . For more information on non - GAAP financial measure , please see the section of " Use of Non - GAAP Financial Measures Statement " and the table captioned “ Unaudited Reconciliations of GAAP and Non - GAAP Results " set forth at the end of this press release . 2 Each American depositary share ( " ADS ” ) represents six Class A ordinary shares . On November 19 , 2020 , a ratio change that has the same effect as a 1 - for - 3 reverse ADS split took effect , and as a result , one ADS currently represents six Class A ordinary shares . 3 Represents the total amount of loans that X Financial facilitated during the relevant period . 4 Xiaoying Credit Loan is a category of online personal credit loan products facilitated through our platform , including Xiaoying Card Loan and other unsecured loan products we introduce from time to time . 1/11