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X Financial Reports Third Quarter 2021 Unaudited Financial Results -- SHENZHEN , China , November 22 , 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 third quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights • • • • • • Total net revenue in the third quarter of 2021 was RMB964.4 million ( US $ 149.7 million ) , representing an increase of 72.3 % from RMB559.8 million in the same period of 2020 . Income from operations in the third quarter of 2021 was RMB410.6 million ( US $ 63.7 million ) , compared with loss from operations of RMB 101.4 million in the same period of 2020 . Net income attributable to X Financial shareholders in the third quarter of 2021 was RMB279.9 million ( US $ 43.4 million ) , compared with net loss attributable to X Financial shareholders of RMB 113.0 million in the same period of 2020 . Non - GAAP adjusted net income attributable to X Financial shareholders in the third quarter of 2021 was RMB277.0 million ( US $ 43.0 million ) , compared with Non - GAAP adjusted net loss attributable to X Financial shareholders of RMB111.7 million in the same period of 2020 . Net income per basic and diluted American depositary share ( “ ADS ” ) ² in the third quarter of 2021 was RMB5.04 ( US $ 0.78 ) and RMB4.92 ( US $ 0.76 ) , compared with net loss per basic and diluted ADS of RMB2.10 and RMB2.10 , respectively , in the same period of 2020 . Non - GAAP adjusted net income per basic and adjusted diluted ADS in the third quarter of 2021 was RMB4.98 ( US $ 0.77 ) , and RMB4.86 ( US $ 0.75 ) , compared with Non - GAAP adjusted net loss per basic and diluted ADS of RMB2.10 and RMB2.10 , respectively , in the same period of 2020 . Third Quarter 2021 Operational Highlights • 1 The total loan facilitation amount³ in the third quarter of 2021 was RMB15,085 million , representing an increase of 87.9 % from RMB8,027 million in the same period of 2020 and an increase of 17.5 % from RMB12,835 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 . 1/10