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X Financial: 20-F filed 2024-04-29

What X Financial reported in its annual report (foreign private issuer) filed 2024-04-29 (fiscal FY 2023): 48 published measures, 173 facts as tagged in accession 0001104659-24-053982.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2024-04-29
Fiscal period
fiscal FY 2023
Accession
0001104659-24-053982 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All X Financial filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-12-3111,650,024,640CNY
At 2022-12-318,837,663,448CNY
At 2023-12-311,640,871,650USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-12-315,802,900,353CNY
At 2022-12-314,084,408,756CNY
At 2023-12-31817,321,420USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-12-315,847,124,287CNY
At 2022-12-314,753,254,692CNY
At 2023-12-31823,550,230USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2023-12-311,195,351,730CNY
At 2022-12-31602,270,607CNY
At 2021-12-31584,762,494CNY
At 2023-12-31168,361,770USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2023-01-01 to 2023-12-311,186,793,974CNY365
2022-01-01 to 2022-12-31811,996,439CNY365
2021-01-01 to 2021-12-31825,407,023CNY365
2023-01-01 to 2023-12-31167,156,435USD365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31814,137,169CNY365
2022-01-01 to 2022-12-31322,701,870CNY365
2021-01-01 to 2021-12-31449,171,181CNY365
2023-01-01 to 2023-12-31114,668,821USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-01-01 to 2023-12-318,468,350CNY365
2022-01-01 to 2022-12-316,055,110CNY365
2021-01-01 to 2021-12-312,620,038CNY365
2023-01-01 to 2023-12-311,192,742USD365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2023-01-01 to 2023-12-314,814,884,030CNY365
2022-01-01 to 2022-12-313,562,950,115CNY365
2021-01-01 to 2021-12-313,626,465,105CNY365
2023-01-01 to 2023-12-31678,162,231USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-01-01 to 2023-12-311,227,458,379CNY365
2022-01-01 to 2022-12-31576,351,240CNY365
2021-01-01 to 2021-12-311,301,311,826CNY365
2023-01-01 to 2023-12-31172,883,896USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-1,106,334,486CNY365
2022-01-01 to 2022-12-31-913,388,006CNY365
2021-01-01 to 2021-12-31-2,347,593,831CNY365
2023-01-01 to 2023-12-31-155,823,953USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-12-312,692,018,850CNY
At 2022-12-311,622,852,316CNY
At 2023-12-31379,162,925USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-01-01 to 2023-12-31288,115,969shares365
2022-01-01 to 2022-12-31316,444,826shares365
2021-01-01 to 2021-12-31329,230,273shares365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2023-01-01 to 2023-12-31290,833,214shares365
2022-01-01 to 2022-12-31322,403,387shares365
2021-01-01 to 2021-12-31336,881,082shares365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2023-01-01 to 2023-12-314.12CNY/shares365
2022-01-01 to 2022-12-312.57CNY/shares365
2021-01-01 to 2021-12-312.51CNY/shares365
2023-01-01 to 2023-12-310.58USD/shares365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2023-01-01 to 2023-12-314.08CNY/shares365
2022-01-01 to 2022-12-312.52CNY/shares365
2021-01-01 to 2021-12-312.45CNY/shares365
2023-01-01 to 2023-12-310.57USD/shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2023-01-01 to 2023-12-31249,437,644CNY365
2022-01-01 to 2022-12-31389,357,613CNY365
2021-01-01 to 2021-12-31368,735,701CNY365
2023-01-01 to 2023-12-3135,132,557USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2023-12-318,642,392CNY
At 2022-12-315,861,360CNY
At 2023-12-311,217,255USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2023-01-01 to 2023-12-3142,598,210CNY365
2022-01-01 to 2022-12-3153,537,815CNY365
2021-01-01 to 2021-12-3188,434,772CNY365
2023-01-01 to 2023-12-315,999,832USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-311,437,682,011CNY365
2022-01-01 to 2022-12-311,082,293,813CNY365
2021-01-01 to 2021-12-311,311,043,800CNY365
2023-01-01 to 2023-12-31202,493,275USD365

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

PeriodValueUnitDays
2023-01-01 to 2023-12-3124,872,828CNY365
2022-01-01 to 2022-12-31146,740,902CNY365
2021-01-01 to 2021-12-310CNY365
2023-01-01 to 2023-12-313,503,265USD365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2023-01-01 to 2023-12-312,869,844,905CNY365
2022-01-01 to 2022-12-312,126,741,766CNY365
2021-01-01 to 2021-12-311,963,006,006CNY365
2023-01-01 to 2023-12-31404,209,201USD365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2023-12-31293,553,607shares
At 2022-12-31287,918,569shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-12-311,944,507,575CNY
At 2022-12-311,006,959,857CNY
At 2021-12-31992,038,836CNY
At 2020-12-311,598,522,894CNY
At 2023-12-31273,878,164USD
At 2022-12-31141,827,330USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-12-313,196,942,284CNY
At 2022-12-313,191,193,773CNY
At 2023-12-31450,279,902USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2023-12-3169,476,651CNY
At 2022-12-3163,598,591CNY
At 2023-12-319,785,582USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2023-12-315,847,124,287CNY
At 2022-12-314,753,254,692CNY
At 2021-12-313,976,894,961CNY
At 2020-12-313,076,043,652CNY
At 2023-12-31823,550,230USD
At 2022-12-31669,481,920USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-12-3150,628,099CNY
At 2022-12-3162,688,248CNY
At 2023-12-317,130,819USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2023-12-3150,423,551CNY
At 2022-12-3162,497,742CNY
At 2023-12-317,102,009USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-12-3150,961,157CNY
At 2022-12-3149,913,704CNY
At 2023-12-317,177,728USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2023-12-3142,318,765CNY
At 2022-12-3144,052,344CNY
At 2023-12-315,960,473USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2023-12-3136,810,384CNY
At 2022-12-3136,549,922CNY
At 2023-12-315,184,634USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-12-3155,264,517CNY
At 2022-12-3167,203,542CNY
At 2023-12-317,783,844USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-12-3137,571,057CNY
At 2022-12-3151,193,049CNY
At 2023-12-315,291,773USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2023-12-3148,767,987CNY
At 2022-12-3171,082,341CNY
At 2023-12-316,868,827USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2023-12-31243,238,327CNY
At 2022-12-31185,860,026CNY
At 2023-12-3134,259,402USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2023-12-3130,039,799CNY
At 2022-12-31721,677CNY
At 2023-12-314,231,017USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-01-01 to 2023-12-311,186,793,974CNY365
2022-01-01 to 2022-12-31811,996,439CNY365
2021-01-01 to 2021-12-31825,406,545CNY365
2023-01-01 to 2023-12-31167,156,435USD365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2023-01-01 to 2023-12-311,192,672,034CNY365
2022-01-01 to 2022-12-31869,285,476CNY365
2021-01-01 to 2021-12-31810,657,504CNY365
2023-01-01 to 2023-12-31167,984,343USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-01-01 to 2023-12-31186,515,073CNY365
2022-01-01 to 2022-12-31171,523,720CNY365
2021-01-01 to 2021-12-31187,859,411CNY365
2023-01-01 to 2023-12-3126,270,099USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2023-01-01 to 2023-12-313,026,574CNY365
2022-01-01 to 2022-12-314,393,055CNY365
2021-01-01 to 2021-12-316,215,253CNY365
2023-01-01 to 2023-12-31426,284USD365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2023-01-01 to 2023-12-315,260,605CNY365
2022-01-01 to 2022-12-316,646,312CNY365
2021-01-01 to 2021-12-318,135,552CNY365
2023-01-01 to 2023-12-31740,941USD365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2023-01-01 to 2023-12-312,234,031CNY365
2022-01-01 to 2022-12-312,253,257CNY365
2021-01-01 to 2021-12-311,920,299CNY365
2023-01-01 to 2023-12-31314,657USD365

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2023-01-01 to 2023-12-3124,351,280CNY365
2022-01-01 to 2022-12-3140,723,863CNY365
2021-01-01 to 2021-12-3132,506,084CNY365
2023-01-01 to 2023-12-313,429,806USD365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2023-01-01 to 2023-12-31278,695,689CNY365
2022-01-01 to 2022-12-31193,768,237CNY365
2021-01-01 to 2021-12-3135,315,597CNY365
2023-01-01 to 2023-12-3139,253,466USD365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-29,258,045CNY365
2022-01-01 to 2022-12-31195,589,376CNY365
2021-01-01 to 2021-12-31333,420,104CNY365
2023-01-01 to 2023-12-31-4,120,909USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2023-01-01 to 2023-12-3123,247,119CNY365
2022-01-01 to 2022-12-311,991,007CNY365
2021-01-01 to 2021-12-316,719,912CNY365
2023-01-01 to 2023-12-313,274,288USD365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2023-01-01 to 2023-12-31102,284,875CNY365
2022-01-01 to 2022-12-3137,369,220CNY365
2021-01-01 to 2021-12-3130,958,576CNY365
2023-01-01 to 2023-12-3114,406,523USD365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2023-01-01 to 2023-12-3116,693,739CNY365
2023-01-01 to 2023-12-312,351,264USD365

Inspect the source

Entity
X Financial / CIK 0001725033
Captured
2026-09-21T17:25:14.959Z
SEC response SHA-256
57a92bbe1100ce4a9429868478d36f87181652569abc3a5ca051f14a5b7adb36

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001725033.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))