X Financial Rises 8%

Shares of online personal finance company X Financial (XYF) are rising 8 percent on Wednesday's trading continuing its upward movement since the past few days. There has been no company announcement on Wednesday to influence the stock.

Recently, the company posted second quarter net income of RMB 223.2 million or $34.6 million, compared to net loss of RMB343.7 million in the previous-year period.

Total net revenue in the second quarter was RMB932.4 million or $144.4 million, up 140 percent from RMB387.9 million in the same period of last year.

Currently at $5.42, the stock has traded between $1.45 and $17.88 during the past 52 weeks.

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