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Lumenato™ Receives EFSA Approval, Expanding Market Availability

BRANCHBURG, N.J., May 21, 2025 /PRNewswire/ — The European Food Safety Authority (EFSA) Panel on Nutrition, Novel Foods and Food Allergens has delivered a positive scientific opinion on Lumenato™, a standardized yellow tomato extract developed exclusively by Lycored, the global leader in natural carotenoids for food, beverage and dietary supplement products. The scientific opinion, published in the EFSA Journal, affirms the safety of Lumenato as a novel food and opens new global possibilities for brands to incorporate this unique, ingestible skincare ingredient into a variety of skin health solutions.

Derived from a proprietary breed of yellow tomato, Lumenato’s active components—phytoene and phytofluene—are rare, colorless carotenoids scarcely found in nature. These compounds have a unique capacity to protect the skin from UVB radiation, the most harmful type of UV exposure. Lumenato works from the inside out to build a reservoir of goodness within the body that supports the building blocks of skin health, repair and recuperation. Backed by four pre-clinical trials and three clinical trials, Lumenato has been shown to support skin structure, both boosting and protecting collagen and influencing ceramides for improved skin barrier function, elasticity, firmness, and more.1,2 

Lumenato is available at varied concentrations in powder (starch beadlets), extract (oleoresin) and liquid emulsion delivery formats, allowing for freedom of formulation in a range of applications including nutricosmetics and derm-level care. All formats contain standardized levels of skin repairing nutrients, providing consistent results with clean-label friendly and non-GMO project verified skin support. EFSA’s scientific opinion allows new global brands to start planning future product formulations using Lumenato, while awaiting the EU Novel Food list update to include yellow tomato extract.

Christiane Lippert, Global Product Manager, Beauty from Within Portfolio, states, “With this decision, Lumenato is now poised for broad acceptance across the EU, Switzerland, US, Canada, Australia, Korea, India and other countries for use in a variety of supplement products. Exclusively offered by Lycored, Lumenato is a remarkable innovation that helps achieve radiance and glow from the inside out and meets today’s growing demands for nature-sourced plant based, clean-label beauty from within solutions.” More information on Lumenato and supporting research is available at http://www.lycored.com/lumenato.

About Lycored
Lycored is an international company at the forefront of discovering the beauty within by combining nature’s goodness with cutting edge science to deliver a sensory journey that impacts wellbeing. Established in 1995 in Israel, Lycored is the global leader in natural carotenoids for food, beverage and dietary supplement products. For more information visit www.lycored.com.   

Contact
Kim Joyce
FoodMinds
413-519-6301
kjoyce@foodminds.com

1.  Tarshish et al. 2021 
2.  Tarshish et al. 2023 

 

TIER IV Selects PlaxidityX to Provide Cyber Security Expertise for The Japanese Airport Autonomous Bus Project

As an automotive Cyber Security Expert, PlaxidityX partners with TIER IV to align self-driving vehicle software with UN R155 regulatory requirements

TEL AVIV, Israel, May 20, 2025 /PRNewswire/ — PlaxidityX, a trusted expert in automotive cybersecurity today announced that it is providing cyber security consulting services to TIER IV, the pioneering force behind a leading open-source software for autonomous driving.

In June 2024, TIER IV was selected for a government project to develop and deliver low-speed autonomous buses for a field trial for terminal transfers at airport in Japan. A key prerequisite for commencing the Minibus service field trial was providing clear evidence that the autonomous mobility project complies with the UN-R155 regulation and ISO/SAE 21434 standard.

Recognizing the need for specialized cyber security expertise, TIER IV sought to collaborate with an automotive cyber security expert with proven experience in compliance consulting projects. “We chose to work with PlaxidityX based on its extensive experience, reliability and cyber expertise,” said Fumihito Ito, Manager, Cyber Security Team at TIER IV. “The technical proficiency and regulatory knowledge their team demonstrated in the initial pre-assessment gave us the peace of mind to move forward confidently.”

After performing a gap analysis of TIER IV’s current cyber security status vis-à-vis the regulation, PlaxidityX created a customized package of services designed to address the identified gaps. This package includes developing a cyber security plan, ongoing cyber security activities (e.g., vulnerability monitoring, incident response), Cyber security Interface Agreements (CIAs), test plans, TARA (Threat Analysis and Risk Assessment) support, and assistance in creating the cyber security case and validation reports. 

PlaxidityX’s team completed this project over a three-month period, and all deliverables were submitted to TIER IV to support their preparations for review from the airport authorities. The project was conducted primarily by PlaxidityX’s local cyber experts in Japan, which ensured quick response to TIER IV requests, smooth communications, and timely delivery of work materials.

Following the success of this initial engagement, TIER IV has also contracted PlaxidityX to assist in the implementation of a Cyber Security Management System (CSMS).

“We are honored to have been selected by TIER IV for this autonomous mobility project,” said Tomoyuki Goto, Country Manager Japan at PlaxidityX. “Compliance with cyber security regulations and standards is now a critical business requirement. With the completion of our joint cyber security activities and the ongoing CSMS project, TIER IV can be confident that its autonomous vehicles are developed in accordance with the highest cyber security standards.”

About TIER IV

TIER IV  stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving. Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

About PlaxidityX

PlaxidityX (formerly named Argus Cyber Security Ltd.) is a global leader in mobility cyber security, providing DevSecOps, vehicle protection and fleet protection technologies and services for automotive and mobility manufacturers. PlaxidityX’s solutions ensure that vehicle components, networks, and fleets are secured and compliant throughout their life cycle.

PlaxidityX’s innovative methods and solutions are based on decades of cyber security and automotive research and have culminated in over 80 granted and pending patents. Founded in 2014, PlaxidityX is headquartered in Israel, with a global footprint in USA, Germany, France, Japan, Korea, Poland and India.

Contact:

Rachel Pekin                                                            
Vice President Marketing     
E-Mail: rachel.pekin@plaxidityx.com

Virtusa Bolsters Expansion Plans with Acquisition of Mav3rik

Accelerating growth and scale in the Australia Region as a leader in Salesforce

SOUTHBOROUGH, Mass., May 21, 2025 /PRNewswire/ — VirtusaCorporation, a global leader in digital business strategy, product, and platform engineering, today announced the acquisition of Mav3rik, an Australian-owned and operated strategic Salesforce and MuleSoft advisory and implementation partner. Mav3rik is a trusted advisor to numerous Public Sector, healthcare, and enterprises in other verticals throughout the region.  

“Our investment in Mav3rik is one step in growing our investments and footprint in the strategic ANZ and greater APAC regions.  We see these regions as technology powerhouses that will serve as engines of innovation and growth both for Virtusa and the digital economy in the years to come. Bringing Virtusa and Mav3rik capabilities together demonstrates our strong commitment to deliver purposefully on our regional clients’ strategic imperatives,” said Nitesh Banga, President and Chief Executive Officer of Virtusa.

Virtusa’s investment will support Mav3rik’s continued expansion while strengthening Virtusa’s Salesforce capabilities. Mav3rik’s architecture-led approach and technology expertise align closely with Virtusa’s “Engineering First” culture — a shared foundation that will help deliver greater value to clients across industries.

“We are excited to partner with the management team at Mav3rik to build and scale the business to become a leader in Salesforce services across Australia.” said Naresha Supramaniam, Market Head ANZ, at Virtusa “Our combined focus on industry solutions enables us to harness the best of agentforce to automate solutions at speed and scale”

Mav3rik brings deep domain expertise, a team of Certified Technical Architects (CTAs), industry consultants, and delivery specialists across Salesforce and MuleSoft. Its capabilities also include custom web and mobile development and Artificial Intelligence, alongside advisory and managed services. This strengthens Virtusa’s ability to deliver complex, high-impact digital solutions to its clients across various industry domains.

“We’re proud to join forces with Virtusa,” said Sean Finucane, Director and Co-Founder at Mav3rik. “This will enable us to move faster, go further, and deliver even more value to our clients in Australia, New Zealand, and beyond.”

Virtusa and Mav3rik are now united to build something greater together — a stronger, regionally focused Salesforce practice built on shared values, deep expertise, and a commitment to helping clients thrive in a rapidly changing world.

About Mav3rik

Mav3rik is an Australian-owned and operated strategic Salesforce and MuleSoft implementation partner and trusted advisor headquartered in Australia. With a focus on innovation and excellence, Mav3rik offers a comprehensive suite of services ranging from advisory and architecture to design and delivery to training and managed service/support designed to empower businesses and drive digital transformation. We work collaboratively with clients to understand their business challenges and objectives and to deliver high-quality solutions that drive successful outcomes. We are highly experienced in multiple industries with a strong focus on driving innovation and transformation in public sector/government, healthcare and commercial enterprise.

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 27,000 builders, makers, and doers who partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries.

Virtusa’s unique Engineering First approach means never presenting an idea we can’t execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:
Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com

Logo – https://laotiantimes.com/wp-content/uploads/2025/05/virtusa_logo_logo.jpg 

TIER IV Selects PlaxidityX to Provide Cyber Security Expertise for The Japanese Airport Autonomous Bus Project

As an automotive Cyber Security Expert, PlaxidityX partners with TIER IV to align self-driving vehicle software with UNR155 regulatory requirements

TEL AVIV, Israel, May 21, 2025 /PRNewswire/ — PlaxidityX, a trusted expert in automotive cybersecurity today announced that it is providing cyber security consulting services to TIER IV, the pioneering force behind a leading open-source software for autonomous driving.

In June 2024, TIER IV was selected for a government project to develop and deliver low-speed autonomous buses for a field trial for terminal transfers at airport in Japan. A key prerequisite for commencing the Minibus service field trial was providing clear evidence that the autonomous mobility project complies with the UN-R155 regulation and ISO/SAE 21434 standard.

Recognizing the need for specialized cyber security expertise, TIER IV sought to collaborate with an automotive cyber security expert with proven experience in compliance consulting projects. “We chose to work with PlaxidityX based on its extensive experience, reliability and cyber expertise,” said Fumihito Ito, Manager, Cyber Security Team at TIER IV. “The technical proficiency and regulatory knowledge their team demonstrated in the initial pre-assessment gave us the peace of mind to move forward confidently.”

After performing a gap analysis of TIER IV’s current cyber security status vis-à-vis the regulation, PlaxidityX created a customized package of services designed to address the identified gaps. This package includes developing a cyber security plan, ongoing cyber security activities (e.g., vulnerability monitoring, incident response), Cyber security Interface Agreements (CIAs), test plans, TARA (Threat Analysis and Risk Assessment) support, and assistance in creating the cyber security case and validation reports. 

PlaxidityX’s team completed this project over a three-month period, and all deliverables were submitted to TIER IV to support their preparations for review from the airport authorities. The project was conducted primarily by PlaxidityX’s local cyber experts in Japan, which ensured quick response to TIER IV requests, smooth communications, and timely delivery of work materials.

Following the success of this initial engagement, TIER IV has also contracted PlaxidityX to assist in the implementation of a Cyber Security Management System (CSMS).

“We are honored to have been selected by TIER IV for this autonomous mobility project,” said Tomoyuki Goto, Country Manager Japan at PlaxidityX. “Compliance with cyber security regulations and standards is now a critical business requirement. With the completion of our joint cyber security activities and the ongoing CSMS project, TIER IV can be confident that its autonomous vehicles are developed in accordance with the highest cyber security standards.”

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving. Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

About PlaxidityX

PlaxidityX (formerly named Argus Cyber Security Ltd.) is a global leader in mobility cyber security, providing DevSecOps, vehicle protection and fleet protection technologies and services for automotive and mobility manufacturers. PlaxidityX’s solutions ensure that vehicle components, networks, and fleets are secured and compliant throughout their life cycle.

PlaxidityX’s innovative methods and solutions are based on decades of cyber security and automotive research and have culminated in over 80 granted and pending patents. Founded in 2014, PlaxidityX is headquartered in Israel, with a global footprint in USA, Germany, France, Japan, Korea, Poland and India.

Contact:

Rachel Pekin                                                            
Vice President Marketing     
E-Mail: rachel.pekin@plaxidityx.com

Air Liquide partners with Manildra Group to build Australia’s largest biogenic CO₂ plant, strengthening national supply

MELBOURNE, Australia, May 21, 2025 /PRNewswire/ — Air Liquide has entered into an agreement with Manildra Group to build a new food and beverage grade carbon dioxide (CO) plant in Bomaderry, New South Wales. This facility will capture and purify the biogenic CO produced naturally by Shoalhaven Starches from fermentation of wheat, and supply the purified CO product to Australian industries.

Air Liquide and Manildra Group
Air Liquide and Manildra Group

Air Liquide will build, own and operate a new CO₂ plant with a production capacity of over 90,000 tonnes per year of food and beverage grade CO₂, which would make it the largest food and beverage quality CO plant in Australia. Construction of the new Air Liquide facility is planned to commence in the second half of 2025, subject to regulatory approvals, and it is anticipated to be operational in 2027.

The biogenic CO₂ produced naturally from fermentation of wheat at Manildra Group’s Shoalhaven Starches site provides abiogenic CO product offering to meet the growing needs of the food and beverage industry and other applications.

High quality food and beverage grade CO₂ serves the needs of Australian businesses in a broad range of industries where quality and reliability of supply are a necessity. This includes food, beverages, water treatment, desalination, hospitality, manufacturing and medical industries.

Tim Kehoe, Managing Director of Air Liquide Pacific said: “To address the critical need for increased supply and improved reliability in domestic CO, Air Liquide has partnered with Manildra to provide a biogenic CO2 solution. Air Liquide’s new CO plant will boost local CO supply and demonstrates our commitment to supporting the growth needs of Australian industries well into the future.”

John Honan, Managing Director of Manildra Group said: “Through our partnership with Air Liquide, we’re delivering 100% Australian, food-grade CO for essential local industries  part of our broader commitment to closing the loop in our advanced manufacturing process. Together were building a long-term solution to strengthen local supply chains with high-quality, biogenic CO.”

SIG SAUER Announces U.S. Army Designates Type Classification Milestone for the NGSW Lethality Program

NGSW Type Classified

NEWINGTON, N.H., May 21, 2025 /PRNewswire/ — SIG SAUER, industry leading manufacturer of elite military weapon systems, is proud to congratulate the U.S. Army on the milestone of officially designating Type Classification – Standard (TC-STD) to the SIG SAUER Next Generation Squad Weapon (NGSW) M7 rifle and M250 (belt fed) automatic rifle— cornerstone systems of the U.S. Army’s modernization program and overmatch efforts. The M7 is the M4 carbine replacement, and the M250 replaces the M249 Squad Automatic Weapon; the systems bring superior range and lethality over legacy systems, providing a greater threat to enemy forces through superior overmatch.

The Type Classification affirms the M7 and M250 meet stringent performance, safety, and reliability standards for widespread military use. This designation ensures seamless integration into the U.S. Army’s inventory, streamlining procurement, training, and maintenance across units and asserting the materiel fully satisfies U.S. Army operational needs. This milestone marks the transition of these advanced firearms from developmental to standardized status, signifying readiness for widespread fielding.

“This approval underscores the U.S. Army’s commitment to equipping our soldiers with next generation lethality to maintain tactical superiority and enhance mission success,” states Steve Rose, Executive Vice President, Defense Strategies Group. “The M7 and M250 represent a transformative leap in combat capability.”

The NGSW Program, initiated in 2017, aims to revolutionize small arms capabilities for the U.S. Army. Following a 27-month prototype phase, extensive testing culminated in the selection of SIG SAUER’s XM7 and XM250 in April 2022.

About SIG SAUER, Inc.:
SIG SAUER, Inc. is a leading provider and manufacturer of firearms, electro-optics, ammunition, airguns, suppressors, remote controlled weapons stations, and training. For over 250 years, SIG SAUER has evolved and thrived by blending American ingenuity, German engineering, and Swiss precision. Today, SIG SAUER is synonymous with industry-leading quality and innovation, which has made it the brand of choice amongst the U.S. Military, the global defense community, law enforcement, competitive shooters, hunters, and responsible citizens. Additionally, SIG SAUER is the premier provider of elite firearms instruction and tactical training at the SIG SAUER Academy. Headquartered in Newington, New Hampshire, SIG SAUER has over 3,400 employees across sixteen U.S. locations in three states, and four additional global facilities. SIG SAUER is certified a Great Place to Work™. For more information about the company and product line visit: sigsauer.com.

Media Contact:
Phil Strader
Vice President, Consumer Affairs
phil.strader@sigsauer.com

U.S. Army Designates Type Classification Milestone for the NGSW Lethality Program
U.S. Army Designates Type Classification Milestone for the NGSW Lethality Program

 

ESOC 2025: Combined oral contraceptives triple risk of cryptogenic stroke in young women, new study shows

HELSINKI, May 21, 2025 /PRNewswire/ — New research presented today at the European Stroke Organisation Conference (ESOC) 2025 revealed that the use of combined oral contraceptives (OCs) is associated with a threefold increase in the risk of cryptogenic ischaemic stroke (CIS) in young women.(1) The findings add to a growing body of evidence linking hormonal contraception to vascular risk in women of reproductive age.

Cryptogenic ischaemic stroke, which is stroke with no identifiable cause, accounts for up to 40% of all ischaemic strokes in young adults.(2) Despite its prevalence, the contribution of sex-specific risk factors, such as contraceptive use, has remained underexplored. While prior studies have associated combined OCs with stroke risk, this is among the few studies to focus specifically on cryptogenic stroke in young women.

The Searching for Explanations for Cryptogenic Stroke in the Young (SECRETO) study included 268 women aged 18–49 years with CIS and 268 age-matched stroke-free controls across 14 centres in Europe. Of the participants, 66 patients and 38 controls were using combined OCs. After adjusting for age and established comorbidities such as hypertension, smoking, migraine with aura, and abdominal obesity, OC use was associated with an adjusted odds ratio of 3.00 (95% CI: 1.61–5.57). No significant interactions were found between OC use and these risk factors, suggesting that the increased stroke risk may operate independently of other known contributors.

“Our findings confirm earlier evidence linking oral contraceptives to stroke risk,” said Dr. Mine Sezgin, Department of Neurology, Istanbul University, and lead author of the study. “What’s particularly notable is that the association remains strong even when accounting for other known risk factors, which suggests there may be additional mechanisms involved – possibly genetic or biological.”

Most OC users in the study were taking ethinylestradiol-based formulations, with a median dose of 20 micrograms. Other types of estrogen, such as estradiol hemihydrate and estradiol valerate, were also recorded.

“We calculated the equivalent estrogen dose for each patient to ensure consistency,” Dr Sezgin explained. “While our data provides important initial insights, larger studies are needed to determine if certain formulations carry different levels of risk. This knowledge could help guide more personalised contraceptive choices for women.”

While the researchers note that further prospective studies are needed, they advise clinicians to exercise caution when prescribing combined OCs to women with known vascular risk factors or a history of ischaemic stroke. “Our findings should prompt more careful evaluation of stroke risk in young women, particularly those with additional risk factors,” concluded Dr. Sezgin.

Moving forward, the researchers plan to explore biological and genetic mechanisms underlying the observed association between combined OC use and increased stroke risk to better understand how hormonal contraceptives may independently elevate stroke risk.

Note to editors:  

A reference to ESOC 2025 must be included in all coverage and/or articles associated with this study.  

About the study author:  

Dr. Mine Sezgin is a neurologist and stroke researcher based at the Istanbul University Faculty of Medicine. Her work focuses on sex-specific risk factors and stroke prevention in young adults.

About the European Stroke Organisation (ESO):  

The ESO is a pan-European society of stroke researchers and physicians, national and regional stroke societies and lay organisations that was founded in December 2007.

The aim of the ESO is to reduce the burden of stroke by changing the way that stroke is viewed and treated. This can only be achieved by professional and public education, and by making institutional changes. ESO serves as the voice of stroke in Europe, harmonising stroke management across the whole of Europe and taking action to reduce the burden of stroke regionally and globally.  

References:  

1.  Sezgin, M., et al. Hormonal contraception increases the risk of cryptogenic stroke in young women. Abstract O049, presented at the European Stroke Organisation Conference; 21 May 2025; Vienna, Austria.
2.  Yaghi, S., & Elkind, M. S. (2014). Cryptogenic stroke: A diagnostic challenge. Neurology. Clinical practice4(5), 386–393. https://doi.org/10.1212/CPJ.0000000000000086

FinVolution Group Reports First Quarter 2025 Unaudited Financial Results

-First quarter Transaction Volume reached RMB52.1 billion, up 7.9% year-over-year-

-First quarter International Transaction Volume reached RMB3.0 billion, up 36.4% year-over-year-

-First quarter Revenue reached RMB3,481.0 million, up 10.0% year-over-year-

-First quarter International Revenues reached RMB710.5 million, up 19.5% year-over-year and representing 20.4% of total net revenues-

SHANGHAI, May 21, 2025 /PRNewswire/ —  FinVolution Group (“FinVolution” or the “Company”) (NYSE: FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced its unaudited financial results for the first quarter ended March 31, 2025.

For the Three Months Ended/As of

YoY

Change

March 31, 2024

March 31, 2025

Total Transaction Volume (RMB in billions)[1]           

48.3

52.1

7.9 %

Transaction Volume (China’s Mainland)[2]

46.1

49.1

6.5 %

Transaction Volume (International)[3]

2.2

3.0

36.4 %

Total Outstanding Loan Balance (RMB in billions)

65.3

74.1

13.5 %

Outstanding Loan Balance (China’s Mainland)[4]  

64.0

72.2

12.8 %

Outstanding Loan Balance (International)[5]

1.3

1.9

46.2 %

 

First Quarter 2025 China Market Operational Highlights

  • Cumulative registered users[6] reached 177.2 million as of March 31, 2025, an increase of 11.7% compared with March 31, 2024.
  • Cumulative borrowers[7] reached 27.3 million as of March 31, 2025, an increase of 7.1% compared with March 31, 2024.
  • Number of unique borrowers[8] for the first quarter of 2025 was 2.2 million, an increase of 22.2% compared with the same period of 2024.
  • Transaction volume[2] reached RMB49.1 billion for the first quarter of 2025, an increase of 6.5% compared with the same period of 2024.
  • Transaction volume facilitated for repeat individual borrowers[9] for the first quarter of 2025 was RMB42.6 billion, an increase of 8.4% compared with the same period of 2024.
  • Outstanding loan balance[4] reached RMB72.2 billion as of March 31, 2025, an increase of 12.8% compared with March 31, 2024.
  • Average loan size[10] was RMB10,494 for the first quarter of 2025, compared with RMB10,121 for the same period of 2024.
  • Average loan tenure[11] was 8.2 months for the first quarter of 2025, which remained unchanged compared with the same period of 2024.
  • 90 day+ delinquency ratio[12] was 2.04% as of March 31, 2025.

First Quarter 2025 International Market Operational Highlights

  • Cumulative registered users[13] reached 38.9 million as of March 31, 2025, an increase of 45.1% compared with March 31, 2024.
  • Cumulative borrowers[14] for the international market reached 7.6 million as of March 31, 2025, an increase of 49.0% compared with March 31, 2024.
  • Number of unique borrowers[15] for the first quarter of 2025 was 1.7 million, an increase of 106.1% compared with the same period of 2024.
  • Number of new borrowers[16] for the first quarter of 2025 was 0.7 million, an increase of 89.3% compared with the same period of 2024.
  • Transaction volume[3] reached RMB3.0 billion for the first quarter of 2025, an increase of 36.4% compared with the same period of 2024.
  • Outstanding loan balance[5] reached RMB1.9 billion as of March 31, 2025, an increase of 46.2% compared with March 31, 2024.
  • International business revenue was RMB710.5 million (US$97.9 million) for the first quarter of 2025, an increase of 19.5% compared with the same period of 2024, representing 20.4% of total revenue for the first quarter of 2025.

First Quarter 2025 Financial Highlights

  • Net revenue was RMB3,481.0 million (US$479.7 million) for the first quarter of 2025, compared with RMB3,165.1 million for the same period of 2024.
  • Net profit was RMB737.6 million (US$101.7 million) for the first quarter of 2025, compared with RMB532.0 million for the same period of 2024.
  • Non-GAAP adjusted operating income[17], which excludes share-based compensation expenses before tax, was RMB917.9 million (US$126.5 million) for the first quarter of 2025, compared with RMB658.7 million for the same period of 2024.
  • Diluted net profit per American depositary share (“ADS”) was RMB2.84 (US$0.39) and diluted net profit per share was RMB0.57 (US$0.08) for the first quarter of 2025, compared with RMB1.97 and RMB0.39 for the same period of 2024, respectively.
  • Non-GAAP diluted net profit per ADS was RMB2.97 (US$0.41) and non-GAAP diluted net profit per share was RMB0.59 (US$0.08) for the first quarter of 2025, compared with RMB2.08 and RMB0.42 for the same period of 2024, respectively. Each ADS of the Company represents five Class A ordinary shares of the Company.

[1] Represents the total transaction volume facilitated in China’s Mainland and the international markets on the Company’s platforms during the period presented.

[2] Represents our transaction volume facilitated in China’s Mainland during the period presented. During the first quarter, RMB18.4 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

[3] Represents our transaction volume facilitated in markets outside China’s Mainland during the period presented.

[4] Outstanding loan balance (China’s Mainland) as of any date refers to the balance of outstanding loans in China’s Mainland market excluding loans delinquent for more than 180 days from such date. As of March 31, 2025, RMB31.9 billion was facilitated under the capital-light model, for which the Company does not bear principal risk.

[5] Outstanding loan balance (international) as of any date refers to the balance of outstanding loans in the international markets excluding loans delinquent for more than 30 days from such date.

[6] On a cumulative basis, the total number of users in China’s Mainland market registered on the Company’s platform as of March 31, 2025.

[7] On a cumulative basis, the total number of borrowers in China’s Mainland market registered on the Company’s platform as of March 31, 2025.

[8] Represents the total number of borrowers in China’s Mainland who successfully borrowed on the Company’s platform during the period presented.

[9] Represents the transaction volume facilitated for repeat borrowers in China’s Mainland who successfully completed a transaction on the Company’s platform during the period presented.

[10] Represents the average loan size on the Company’s platform in China’s Mainland during the period presented.

[11] Represents the average loan tenor on the Company’s platform in China’s Mainland during the period presented.

[12] “90 day+ delinquency ratio” refers to the outstanding principal balance of loans, excluding loans facilitated under the capital-light model, that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of loans, excluding loans facilitated under the capital-light model on the Company’s platform as of a specific date. Loans that originated outside China’s Mainland are not included in the calculation.

[13] On a cumulative basis, the total number of users registered on the Company’s platforms outside China’s Mainland market, as of March 31, 2025.

[14] On a cumulative basis, the total number of borrowers on the Company’s platforms outside China’s Mainland market, as of March 31, 2025.

[15] Represents the total number of borrowers outside China’s Mainland who successfully borrowed on the Company platforms during the period presented.

[16] Represents the total number of new borrowers outside China’s Mainland whose transactions were facilitated on the Company’s platforms during the period presented.

[17] Please refer to “UNAUDITED Reconciliation of GAAP and Non-GAAP Results” for reconciliation between GAAP and Non-GAAP adjusted operating income.

[18] Change in Presentation of Consolidated Statements of Cash Flows: During the fourth quarter of 2024, the Company elected to change its presentation of the cash flows associated with funds held for customers and funds paid on behalf of customers within its Consolidated Statements of Cash Flows. The balances for the first quarter of 2024 have been adjusted to conform to the current period presentation.

Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution, commented, “We delivered strong first quarter results in 2025 despite seasonal softness. Total transaction volume reached RMB52.1 billion and outstanding loan balance rose to RMB74.1 billion, representing year-over-year increases of 7.9% and 13.5%, respectively. This performance demonstrates the continued strong execution of our Local Excellence, Global Outlook strategy.

“As of the end of the first quarter of 2025, we had cumulatively served 35.0 million borrowers across China, Indonesia and the Philippines, while adding 1.2 million new borrowers within the quarter—our third straight quarter surpassing the one million mark. Looking ahead, we are confident that our diversified and resilient business is well-positioned to navigate ongoing global macro uncertainties. While maintaining a prudent approach, we remain optimistic about achieving growth across our footprint markets,” concluded Mr. Li.

Mr. Jiayuan Xu, Chief Financial Officer of FinVolution, continued, “Our strong first quarter performance was reflected across our key financial metrics. Net revenue reached RMB3,481.0 million, marking a healthy 10.0% increase compared to the same period last year, while net profit grew 38.7% year-over-year to RMB737.6 million. Our international business maintained its growth momentum, with its revenues increasing 19.5% year-over-year to RMB710.5 million. This revenue stream represented 20.4% of total net revenue, up from 18.8% in the same period last year, demonstrating increasing contribution from our global operations.

“In addition, our total liquidity position, consisting of cash and cash equivalents and short-term investments, remained strong at RMB8.5 billion, underscoring a robust balance sheet that supports our ongoing operations and our efforts to consistently enhance shareholder returns,” concluded Mr. Xu.

First Quarter 2025 Financial Results

Net revenue for the first quarter of 2025 was RMB3,481.0 million (US$479.7 million), compared with RMB3,165.1 million for the same period of 2024. This increase was primarily due to the increase in loan facilitation service fees and other revenue.

Loan facilitation service fees were RMB1,477.8 million (US$203.6 million) for the first quarter of 2025, compared with RMB985.9 million for the same period of 2024. The increase was primarily due to the increase in the transaction volume and average rate of transaction service fees. 

Post-facilitation service fees were RMB380.6 million (US$52.5 million) for the first quarter of 2025, compared with RMB465.2 million for the same period of 2024. This decrease was primarily due to the rolling impact of deferred transaction fees.

Guarantee income was RMB1,099.5 million (US$151.5 million) for the first quarter of 2025, compared with RMB1,346.1 million for the same period of 2024. This decrease was primarily due to the decrease in risk-bearing loans in the China market, as well as the rolling impact of deferred guarantee income. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment. 

Net interest income was RMB241.6 million (US$33.3 million) for the first quarter of 2025, compared with RMB231.3 million for the same period of 2024. This increase was primarily due to the increase in the average outstanding loan balances of on-balance sheet loans in the China market.

Other revenue was RMB281.5 million (US$38.8 million) for the first quarter of 2025, compared with RMB136.5 million for the same period of 2024. This increase was primarily due to the increase in the contributions from other revenue streams including referral fees.

Origination, servicing expenses and other costs of revenue were RMB620.5 million (US$85.5 million) for the first quarter of 2025, compared with RMB539.6 million for the same period of 2024. This increase was primarily due to the increase in facilitation costs and loan collection expenses as a result of higher outstanding loan balances. 

Sales and marketing expenses were RMB529.7 million (US$73.0 million) for the first quarter of 2025, compared with RMB449.2 million for the same period of 2024, as a result of our more proactive customer acquisition efforts focusing on quality borrowers in both China and the international markets.

Research and development expenses were RMB126.0 million (US$17.4 million) for the first quarter of 2025, compared with RMB120.5 million for the same period of 2024. This increase was primarily due to the increased investment in technology development.

General and administrative expenses were RMB106.9 million (US$14.7 million) for the first quarter of 2025, compared with RMB82.3 million for the same period of 2024. This increase was primarily due to the increased benefits we provided to our employees.

Provision for accounts receivable and contract assets was RMB117.7 million (US$16.2 million) for the first quarter of 2025, compared with RMB65.7 million for the same period of 2024. The increase was primarily due to higher transaction volume of off-balance sheet loans in the international markets. 

Provision for loans receivable was RMB85.4 million (US$11.8 million) for the first quarter of 2025, compared with RMB81.3 million for the same period of 2024. This increase was primarily due to the increase in the loan volume and the outstanding loan balances of on-balance sheet loans in the China market.

Credit losses for quality assurance commitment were RMB1,011.6 million (US$139.4 million) for the first quarter of 2025, compared with RMB1,198.1 million for the same period of 2024. The decrease was primarily due to the decrease in risk-bearing loans in the China market, partially offset by the increase in risk-bearing loans in the international markets.

Operating profit was RMB883.2 million (US$121.7 million) for the first quarter of 2025, compared with RMB628.4 million for the same period of 2024.

Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB917.9 million (US$126.5 million) for the first quarter of 2025, compared with RMB658.7 million for the same period of 2024.

Other income was RMB8.4 million (US$1.2 million) for the first quarter of 2025, compared with RMB31.0 million for the same period of 2024. The decrease was mainly due to reduced income from investments.

Income tax expense was RMB153.9 million (US$21.2 million) for the first quarter of 2025, compared with RMB127.5 million for the same period of 2024. This increase was mainly due to the increase in pre-tax profit and partially offset by the decrease in effective tax rate.  

Net profit was RMB737.6 million (US$101.7 million) for the first quarter of 2025, compared with RMB532.0 million for the same period of 2024.

Net profit attributable to ordinary shareholders of the Company was RMB746.4 million (US$102.9 million) for the first quarter of 2025, compared with RMB527.7 million for the same period of 2024.

Diluted net profit per ADS was RMB2.84 (US$0.39) and diluted net profit per share was RMB0.57 (US$0.08) for the first quarter of 2025, compared with RMB1.97 and RMB0.39 for the same period of 2024, respectively.

Non-GAAP diluted net profit per ADS was RMB2.97 (US$0.41) and non-GAAP diluted net profit per share was RMB0.59 (US$0.08) for the first quarter of 2025, compared with RMB2.08 and RMB0.42 for the same period of 2024, respectively. Each ADS represents five Class A ordinary shares of the Company.

As of March 31, 2025, the Company had cash and cash equivalents of RMB5,406.5 million (US$745.0 million) and short-term investments, mainly in wealth management products and term deposits, of RMB3,055.7 million (US$421.1 million).

The following chart shows the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for loan products facilitated through the Company’s platform in China’s Mainland as of March 31, 2025. Loans facilitated under the capital-light model, for which the Company does not bear principal risk, are excluded from the chart.

Click here to view the chart. 

Business Outlook

Strong execution of our Local Excellence, Global Outlook Strategy drove continued growth in the first quarter of 2025 despite domestic macro headwinds and seasonal softness. We remain confident in capitalizing on China’s recovery while maintaining growth momentum in our international expansion. The Company reiterates its full-year 2025 total revenue guidance to be in the range of approximately RMB14.4 billion to RMB15.0 billion, representing year-over-year growth of approximately 10.0% to 15.0%.

The above forecast is based on the current market conditions and reflects the Company’s current preliminary views and expectations on market and operational conditions and the regulatory and operating environment, as well as customers’ and institutional partners’ demands, all of which are subject to change.

Conference Call

The Company’s management will host an earnings conference call at 8:30 PM U.S. Eastern Time on May 20, 2025 (8:30 AM Beijing/Hong Kong Time on May 21, 2025).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

+1-888-346-8982

Canada (toll free):

+1-855-669-9657

International:

+1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Hong Kong, China:

+852-3018-4992

Mainland, China:

400-120-1203

Participants should dial in at least five minutes before the scheduled start time and ask to be connected to the call for “FinVolution Group”.

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.finvgroup.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until May 27, 2025, by dialing the following telephone numbers:

United States (toll free):

+1-877-344-7529

Canada (toll free):                

+1-855-669-9658

International:

+1-412-317-0088

Replay Access Code:

2098969

 

About FinVolution Group 

FinVolution Group is a leading fintech platform with strong brand recognition in China, Indonesia and the Philippines, connecting borrowers of the young generation with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platforms, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of March 31, 2025, the Company had 216.2 million cumulative registered users across China, Indonesia and the Philippines.

For more information, please visit https://ir.finvgroup.com

Use of Non-GAAP Financial Measures

We use non-GAAP adjusted operating income, non-GAAP operating margin, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP adjusted operating income, non-GAAP operating margin, non-GAAP net profit, non-GAAP net profit attributable to FinVolution Group, and non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider it in isolation, or as a substitute for net income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on this non-GAAP financial measure, please see the table captioned “Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the rate in effect as of March 31, 2025 as certified for customs purposes by the Federal Reserve Bank of New York.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company’s marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Capital Markets
Yam Cheng
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com 

Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com   

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com

 

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share data, or otherwise noted)

As of December 31,

As of March 31,

2024

2025

RMB 

RMB

USD

Assets

Cash and cash equivalents

4,672,772

5,406,481

745,033

Restricted cash

2,074,300

2,018,526

278,160

Short-term investments

2,832,382

3,055,696

421,086

Investments

1,173,003

1,141,890

157,357

Quality assurance receivable, net of credit loss allowance for
    quality assurance receivable of RMB426,949 and
    RMB432,418 as of December 31, 2024 and March 31, 2025,
    respectively 

1,639,591

1,537,306

211,846

Intangible assets

137,298

147,898

20,381

Property, equipment and software, net

623,792

616,120

84,904

Loans receivable, net of credit loss allowance for loans receivable
    of RMB226,467 and RMB263,237 as of December 31, 2024 and
    March 31, 2025, respectively

4,157,621

3,760,389

518,195

Accounts receivable and contract assets, net of credit loss
    allowance for accounts receivable and contract assets of
    RMB290,267 and RMB307,974 as of December 31, 2024 and
    March 31, 2025, respectively 

2,405,880

2,641,636

364,027

Deferred tax assets

2,513,865

2,795,057

385,169

Right of use assets

36,826

37,668

5,191

Prepaid expenses and other assets

1,289,380

1,221,091

168,271

Goodwill

50,411

50,411

6,947

Total assets

23,607,121

24,430,169

3,366,567

Liabilities and Shareholders’ Equity

Deferred guarantee income

1,515,950

1,381,146

190,327

Liability from quality assurance commitment

2,964,116

2,995,732

412,823

Payroll and welfare payable

290,389

190,907

26,308

Taxes payable

705,928

947,691

130,595

Short-term borrowings

5,594

26,968

3,716

Funds payable to investors of consolidated trusts

796,122

571,678

78,779

Contract liability

10,185

3,582

494

Deferred tax liabilities

491,213

552,681

76,161

Accrued expenses and other liabilities

1,245,184

1,421,397

195,874

Leasing liabilities

28,765

32,070

4,419

Dividends payable

510,201

70,308

Total liabilities

8,053,446

8,634,053

1,189,804

Commitments and contingencies

FinVolution Group Shareholders’ equity

Ordinary shares

103

103

14

Additional paid-in capital

5,815,437

5,854,162

806,725

Treasury stock

(1,765,542)

(1,772,993)

(244,325)

Statutory reserves

852,723

852,723

117,508

Accumulated other comprehensive income

92,626

76,353

10,522

Retained Earnings

10,208,717

10,444,922

1,439,349

Total FinVolution Group shareholders’ equity

15,204,064

15,455,270

2,129,793

Non-controlling interest

349,611

340,846

46,970

Total shareholders’ equity

15,553,675

15,796,116

2,176,763

Total liabilities and shareholders’ equity

23,607,121

24,430,169

3,366,567

 

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 (All amounts in thousands, except share data, or otherwise noted)

For the Three Months Ended March 31,

2024

2025

RMB 

RMB

USD

Operating revenue:

Loan facilitation service fees

985,940

1,477,798

203,646

Post-facilitation service fees

465,192

380,614

52,450

Guarantee income

1,346,115

1,099,514

151,517

     Net interest income

231,307

241,614

33,295

Other Revenue

136,527

281,501

38,792

Net revenue

3,165,081

3,481,041

479,700

Operating expenses:

       Origination, servicing expenses and other cost of revenue

(539,555)

(620,465)

(85,502)

Sales and marketing expenses

(449,209)

(529,703)

(72,995)

Research and development expenses

(120,495)

(126,041)

(17,369)

General and administrative expenses

(82,327)

(106,894)

(14,730)

Provision for accounts receivable and contract assets

(65,662)

(117,718)

(16,222)

Provision for loans receivable

(81,285)

(85,414)

(11,770)

Credit losses for quality assurance commitment

(1,198,099)

(1,011,615)

(139,404)

Total operating expenses

(2,536,632)

(2,597,850)

(357,992)

Operating profit

628,449

883,191

121,708

Other income, net

31,004

8,381

1,155

Profit before income tax expense

659,453

891,572

122,863

Income tax expenses

(127,477)

(153,931)

(21,212)

Net profit

531,976

737,641

101,651

Less: Net profit/(loss) attributable to non-controlling interest shareholders

4,275

(8,765)

(1,208)

Net profit attributable to FinVolution Group

527,701

746,406

102,859

Foreign currency translation adjustment, net of nil tax

11,132

(16,273)

(2,242)

Total comprehensive income attributable to FinVolution Group

538,833

730,133

100,617

Weighted average number of ordinary shares used in computing net income per share

Basic

1,311,510,218

1,265,759,932

1,265,759,932

Diluted

1,341,193,159

1,315,948,116

1,315,948,116

Net profit per share attributable to FinVolution

        Group’s ordinary shareholders

Basic

0.40

0.59

0.08

Diluted

0.39

0.57

0.08

Net profit per ADS attributable to FinVolution Group’s ordinary shareholders (one ADS equal five ordinary shares)

Basic

2.01

2.95

0.41

Diluted

1.97

2.84

0.39

 

 

 

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS[18]

 (All amounts in thousands, except share data, or otherwise noted)

Three Months Ended March 31,

2024

2025

RMB 

RMB

USD

Net cash provided by/(used in) operating activities

213,310

522,335

71,982

Net cash provided by/(used in) investing activities

925,695

365,196

50,326

Net cash provided by/(used in) financing activities

(310,143)

(198,331)

(27,332)

Effect of exchange rate changes on cash and cash equivalents

(8,204)

(11,265)

(1,554)

Net increase/(decrease) in cash, cash equivalent and restricted cash

820,658

677,935

93,422

Cash, cash equivalent and restricted cash at beginning of period

6,769,390

6,747,072

929,771

Cash, cash equivalent and restricted cash at end of period

7,590,048

7,425,007

1,023,193

 

 

 

 FinVolution Group

UNAUDITED Reconciliation of GAAP and Non-GAAP Results

 (All amounts in thousands, except share data, or otherwise noted)

For the Three Months Ended March 31,

2024

2025

RMB   

RMB

USD

Net Revenues

3,165,081

3,481,041

479,700

Less: total operating expenses

(2,536,632)

(2,597,850)

(357,992)

Operating Income

628,449

883,191

121,708

Add: share-based compensation expenses

30,289

34,679

4,779

Non-GAAP adjusted operating income

658,738

917,870

126,487

Operating Margin

19.9 %

25.4 %

25.4 %

Non-GAAP operating margin

20.8 %

26.4 %

26.4 %

Non-GAAP adjusted operating income

658,738

917,870

126,487

Add: other income, net

31,004

8,381

1,155

Less: income tax expenses

(127,477)

(153,931)

(21,212)

Non-GAAP net profit

562,265

772,320

106,430

Less: Net profit/(loss) attributable to non-controlling interest shareholders

4,275

(8,765)

(1,208)

Non-GAAP net profit attributable to FinVolution Group

557,990

781,085

107,638

Weighted average number of ordinary shares used in computing net income per share

Basic

1,311,510,218

1,265,759,932

1,265,759,932

Diluted

1,341,193,159

1,315,948,116

1,315,948,116

Non-GAAP net profit per share attributable to FinVolution Group’s ordinary shareholders

Basic

0.43

0.62

0.09

Diluted

0.42

0.59

0.08

Non-GAAP net profit per ADS attributable to FinVolution Group’s ordinary shareholders (one ADS equal five

ordinary shares)

Basic

2.13

3.09

0.43

Diluted

2.08

2.97

0.41