XML 72 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
ASSETS      
Cash and cash equivalents $ 144,500,022 ¥ 1,005,980,251 ¥ 1,069,361,250
Restricted cash (including RMB4, 861, 491 and RMB449,978,760 from Consolidated Trusts as of December 31, 2018 and 2019, respectively) 73,877,902 514,323,181 208,345,389
Accounts receivable and contract assets, net of allowance for doubtful accounts of RMB221,213,326 and RMB192,909,907 as of December 31, 2018 and 2019, respectively 110,769,377 771,154,249 1,379,293,243
Loans receivable from Xiaoying Credit Loans and Revolving Loans, net 41,591,688 289,553,016  
Loan receivable from Xiaoying Housing Loans, net 41,591,688 289,553,016  
Loans held for sale 41,591,688 289,553,016 632,716,508
Loans at fair value (including RMB33,417,119 and RMB2,782,332,885 from Consolidated Trusts as of December 31, 2018 and 2019, respectively) 399,657,112 2,782,332,885 33,417,119
Prepaid expenses and other current assets (including RMB296,080 and RMB37,073,985 from Consolidated Trusts as of December 31, 2018 and 2019, respectively) 176,128,276 1,226,169,830 115,192,835
Financial guarantee derivative 103,416,108 719,962,262 358,249,913
Amount due from related party     20,000,000
Deferred tax assets, net 66,856,477 465,441,419 346,647,582
Long-term investments 41,963,622 292,142,341 287,222,720
Property and equipment, net 2,892,779 20,138,951 23,214,797
Intangible assets, net 5,045,635 35,126,704 28,400,406
Other non-current assets 9,878,440 68,771,724 6,806,456
TOTAL ASSETS 1,189,438,432 8,280,632,478 4,636,969,497
LIABILITIES      
Payable to investors at fair value of the Consolidated Trusts (including nil and RMB3,006,349,475 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) (431,835,082) (3,006,349,475)  
Guarantee liabilities (including RMB19,297,718 and RMB11,106,620 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) 2,510,170 17,475,303 20,898,201
Short-term bank borrowings (including 198,000,000 and nil from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively)     198,000,000
Accrued payroll and welfare (including RMB23,329,971 and RMB22,677,991 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) 9,142,532 63,648,476 93,463,926
Other tax payable (including RMB95,184,938 and RMB34,725,447 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) 8,343,500 58,085,777 134,129,068
Income tax payable (including RMB93,611,597 and RMB227,047,349 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) 48,980,931 340,995,447 312,238,213
Deposit payable to channel cooperators 15,645,876 108,923,460 134,042,199
Accrued expenses and other liabilities (including RMB117,547,625 and RMB103,479,695 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) 39,420,765 274,439,480 178,701,474
Other non-current liabilities (including nil and RMB26,683,382 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) 6,076,005 42,299,924  
Deferred tax liabilities(including nil and RMB198,000,000 from the consolidated VIEs, without recourse to the Company as of December 31, 2017 and 2018 respectively) 188,093 1,309,468 47,427,564
TOTAL LIABILITIES 562,142,954 3,913,526,810 1,118,900,645
Commitments and Contingencies (Note 15)
Equity:      
Common shares (US$0.0001 par value; 1,000,000,000 and 1,000,000,000 shares authorized, 303,614,298 and 320,667,943 shares issued and outstanding as of December 31, 2018 and 2019, respectively) 28,906 201,240 189,586
Additional paid-in capital 429,107,865 2,987,363,137 2,824,223,031
Retained earnings 188,341,234 1,311,194,007 640,114,859
Other comprehensive income 9,638,427 67,100,802 52,494,757
Total X Financial shareholders' equity 627,116,432 4,365,859,186 3,517,022,233
Non-controlling interests 179,046 1,246,482 1,046,619
TOTAL EQUITY 627,295,478 4,367,105,668 3,518,068,852
TOTAL LIABILITIES AND EQUITY 1,189,438,432 8,280,632,478 4,636,969,497
Xiaoying Housing Loan      
ASSETS      
Accounts receivable and contract assets, net of allowance for doubtful accounts of RMB221,213,326 and RMB192,909,907 as of December 31, 2018 and 2019, respectively 134,267 934,741 5,322,594
Loans receivable from Xiaoying Credit Loans and Revolving Loans, net 12,860,994 89,535,665 128,101,279
Loan receivable from Xiaoying Housing Loans, net 12,860,994 89,535,665 128,101,279
LIABILITIES      
Guarantee liabilities (including RMB19,297,718 and RMB11,106,620 from the consolidated VIEs, without recourse to the Company as of December 31, 2018 and 2019, respectively) $ 18,672 ¥ 129,996 ¥ 1,600,482