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Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 31, 2019

VIEs and Consolidated Trusts

Schedule of disaggregation of revenue by product

				Loan
		Loan		facilitation
		facilitation		service-
		service-Direct		Intermediary		Post-origination		Financing		Other
		Model		Model		service		income		revenue		Total
2017		(RMB)		(RMB)		(RMB)		(RMB)		(RMB)		(RMB)
Major products
Xiaoying Credit Loan		1,148,688,253		260,278,922		46,670,424		58,258,088		19,172,658		1,533,068,345
Xiaoying Housing Loan		—		16,573,570		278,234		66,723,545		21,410,597		104,985,946
Internet Channel(1)		56,931,619		2,748,428		1,644,517		2,576,028		4,741,527		68,642,119
Other loan products		25,434,861		23,013,543		1,733,489		3,182,488		3,278,355		56,642,736
Other service(2)		—		—		—		—		23,596,047		23,596,047
Total		1,231,054,733		302,614,463		50,326,664		130,740,149		72,199,184		1,786,935,193

				Loan
		Loan		facilitation
		facilitation		service-
		service-Direct		Intermediary		Post-origination		Financing		Other
		Model		Model		service		income		revenue		Total
2018		(RMB)		(RMB)		(RMB)		(RMB)		(RMB)		(RMB)
Major products
Xiaoying Credit Loan		2,897,702,061		216,754,528		128,865,000		67,731,784		109,141,168		3,420,194,541
Xiaoying Housing Loan		5,780,118		1,247,846		463,129		8,290,828		9,190,257		24,972,178
Internet Channel(1)		53,874,025		8,760,054		1,182,786		41,253		9,313,276		73,171,394
Other loan products		215,763		1,509,945		732,516		40,096		1,079,296		3,577,616
Other service(2)		—		—		—		—		18,684,315		18,684,315
Total		2,957,571,967		228,272,373		131,243,431		76,103,961		147,408,312		3,540,600,044

				Loan
		Loan		facilitation
		facilitation		service-
		service-Direct		Intermediary		Post-origination		Financing		Other
		Model		Model		service		income		revenue		Total
2019		(RMB)		(RMB)		(RMB)		(RMB)		(RMB)		(RMB)
Major products
Xiaoying Credit Loan		1,834,813,952		223,668,549		314,767,947		396,039,771		71,024,093		2,840,314,312
Xiaoying Revolving Loan		63,667,334		13,174,930		8,163,362		12,361,021		9,069,408		106,436,055
Xiaoying Housing Loan		578,598		88,225		132,382		—		264,644		1,063,849
Internet Channel(1)		86,733,843		1,703,032		7,568,757		—		1,890,227		97,895,859
Other loan products		209,616		232,318		62,764		—		10,403		515,101
Other service(2)		—		—		—		—		41,824,819		41,824,819
Total		1,986,003,343		238,867,054		330,695,212		408,400,792		124,083,594		3,088,049,995

				Loan
		Loan		facilitation
		facilitation		service-
		service-Direct		Intermediary		Post-origination		Financing		Other
		Model		Model		service		income		revenue		Total
2019		(US$)		(US$)		(US$)		(US$)		(US$)		(US$)
Major products
Xiaoying Credit Loan		263,554,534		32,127,977		45,213,587		56,887,554		10,201,973		407,985,625
Xiaoying Revolving Loan		9,145,240		1,892,460		1,172,594		1,775,550		1,302,739		15,288,583
Xiaoying Housing Loan		83,110		12,673		19,015		—		38,014		152,812
Internet Channel(1)		12,458,537		244,625		1,087,184		—		271,514		14,061,860
Other loan products		30,109		33,370		9,015		—		1,494		73,988
Other services(2)		—		—		—		—		6,007,759		6,007,759
Total		285,271,530		34,311,105		47,501,395		58,663,104		17,823,493		443,570,627

(1) Represents loans facilitated to borrowers referred by other platforms

(2) Primarily consists of service fees charged for transferring loans between investors on the Group's online platform, referral service fee for introducing borrowers to other platforms and technology service fees received from ZhongAn for promoting its insurance products on the Group's online platform. 

Schedule of accounts receivable and contract assets

		Accounts
		receivable		Accounts
		from		receivable from		Allowance for
		facilitation		post-origination		doubtful
As of December 31, 2018		services		services		accounts		Total
		RMB		RMB		RMB		RMB
Xiaoying Credit Loan		1,501,967,864		59,670,931		(206,575,845)		1,355,062,950
Xiaoying Housing Loan		5,183,029		259,181		(119,616)		5,322,594
Internet Channel		17,546,683		466,662		(133,707)		17,879,638
Other products		14,678,225		733,994		(14,384,158)		1,028,061
Total		1,539,375,801		61,130,768		(221,213,326)		1,379,293,243

		Accounts
		receivable		Accounts
		from		receivable from		Allowance for
		facilitation		post-origination		doubtful
As of December 31, 2019		services		services		accounts		Total
		RMB		RMB		RMB		RMB
Xiaoying Credit Loan		884,954,449		17,906,149		(185,085,029)		717,775,569
Xiaoying Revolving Loan		28,961,624		129,661		(7,824,878)		21,266,407
Xiaoying Housing Loan		890,225		44,516		—		934,741
Internet Channel		31,169,383		8,149		—		31,177,532
Other products		—		—		—		—
Total		945,975,681		18,088,475		(192,909,907)		771,154,249

		Accounts
		receivable		Accounts
		from		receivable from		Allowance for
		facilitation		post-origination		doubtful
As of December 31, 2019		services		services		accounts		Total
		US$		US$		US$		US$
Xiaoying Credit Loan		127,115,753		2,572,057		(26,585,802)		103,102,008
Xiaoying Revolving Loan		4,160,077		18,625		(1,123,973)		3,054,729
Xiaoying Housing Loan		127,873		6,394		—		134,267
Internet Channel		4,477,202		1,171		—		4,478,373
Other products		—		—		—		—
Total		135,880,905		2,598,247		(27,709,775)		110,769,377

Schedule of aging of past due accounts receivables

As of December 31, 2018
Aging		Not past-due		1 - 30 days		30 - 60 days		Total
		RMB		RMB		RMB		RMB
Xiaoying Credit Loan		1,473,621,949		44,653,954		43,362,892		1,561,638,795
Xiaoying Housing Loan		5,442,210		—		—		5,442,210
Internet Channel		18,013,345		—		—		18,013,345
Other products		13,048,046		1,187,522		1,176,651		15,412,219
Total		1,510,125,550		45,841,476		44,539,543		1,600,506,569

As of December 31, 2019
Aging		Not past-due		1 - 30 days		30 - 60 days		Total
		RMB		RMB		RMB		RMB
Xiaoying Credit Loan		837,707,889		32,739,296		32,413,413		902,860,598
Xiaoying Revolving Loan		27,661,848		792,577		636,860		29,091,285
Xiaoying Housing Loan		934,741		—		—		934,741
Internet Channel		31,177,532		—		—		31,177,532
Other products		—		—		—		—
Total		897,482,010		33,531,873		33,050,273		964,064,156

As of December 31, 2019
Aging		Not past-due		1 - 30 days		30 - 60 days		Total
		US$		US$		US$		US$
Xiaoying Credit Loan		120,329,209		4,702,706		4,655,895		129,687,810
Xiaoying Revolving Loan		3,973,376		113,847		91,479		4,178,702
Xiaoying Housing Loan		134,267		—		—		134,267
Internet Channel		4,478,373		—		—		4,478,373
Other products		—		—		—		—
Total		128,915,225		4,816,553		4,747,374		138,479,152

Schedule of movement of provision for accounts receivable and contract assets

:

		As of		Provision for		Provision for		Charge-off for						Provision for		Provision for		Charge-off for				As of
		January 1,		accounts		contract		accounts		Charge-off for		As of		accounts		contract		accounts		Charge-off for		December 31,
		2018		receivable		asset		receviable		contract assets		December 31, 2018		receivable		asset		receviable		contract assets		2019
		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB		RMB
Xiaoying Credit Loan		159,791,649		393,205,248		3,557,738		(335,602,502)		(14,376,288)		206,575,845		230,589,301		—		(252,080,117)		—		185,085,029
Xiaoying Revolving Loan		—		—		—		—		—		—		10,303,996		—		(2,479,118)		—		7,824,878
Xiaoying Housing Loan		418,187		51,241		—		(349,812)		—		119,616		—		—		(119,616)		—		—
Internet Channel		138,592		44,227		—		(49,112)		—		133,707		—		—		(133,707)		—		—
Other products		15,451,219		137,956		—		(1,205,017)		—		14,384,158		293,526		—		(14,677,684)		—		—
Total		175,799,647		393,438,672		3,557,738		(337,206,443)		(14,376,288)		221,213,326		241,186,823		—		(269,490,242)		—		192,909,907

		As of		Provision for				Charge-off for
		December 31,		accounts		Provision for		accounts		Charge-off for		As of
		2018		receivable		contract asset		receviable		contract assets		December 31, 2019
		US$		US$		US$		US$		US$		US$
Xiaoying Credit Loan		29,672,764		33,122,081		—		(36,209,043)		—		26,585,802
Xiaoying Revoving Loan		—		1,480,076		—		(356,103)		—		1,123,973
Xiaoying Housing Loan		17,182		—		—		(17,182)		—		—
Internet Channel		19,206		—		—		(19,206)		—		—
Other products		2,066,155		42,162		—		(2,108,317)		—		—
Total		31,775,307		34,644,319		—		(38,709,851)		—		27,709,775

Schedule of movement in provision for loans receivable

		Add: Provision for Loans Receivable
As of December 31, 2018		from Xiaoying Housing Loans		Less: Charge-off		As of December 31, 2019
RMB		RMB		RMB		RMB
25,911,367		23,430,641		(1,130,496)		48,211,512

		Add: Provision for Loans Receivable
As of December 31, 2018		from Xiaoying Housing Loans		Less: Charge-off		As of December 31, 2019
US$		US$		US$		US$
3,721,935		3,365,601		(162,386)		6,925,150

Schedule of estimated useful lives of property and equipment

Computer and transmission equipment		3 years
Furniture and office equipment		5 years
Motor vehicles		4 years
Leasehold improvements		Over the shorter of the lease term or expected useful lives

Summary of remaining contractual maturities of the group's lease liabilities at the end of the current reporting period

Future lease payments under operating leases as of December 31, 2019 were as follows:

		Operating leases
		RMB		US$
Year ending December 31,
2020		25,351,439		3,641,507
2021		24,794,120		3,561,452
2022		18,945,931		2,721,413
Total future lease payments		69,091,490		9,924,372
Less: Imputed interest		6,578,343		944,920
Total lease liability balance		62,513,147		8,979,452

Summary of remaining contractual maturities of the group's lease liabilities at the date of transition

		For the year ended December 31, 2019
		RMB		US$
Cash payments for operating leases		21,432,442		3,078,578
ROU assets obtained in exchange for operating lease liabilities		31,958,216		4,590,511

Consolidated Trusts

VIEs and Consolidated Trusts

Schedule of financial statements

		As of
		December 31,		As of December 31,
		2018		2019		2019
		RMB		RMB		US$
Assets:
Restricted cash		4,861,491		449,978,760		64,635,405
Loans at fair value		33,417,119		2,782,332,885		399,657,112
Prepaid expenses and other current assets		296,080		37,073,985		5,325,345
Total assets		38,574,690		3,269,385,630		469,617,862
Liabilities:
Payable to investors at fair value of the Consolidated Trusts		—		3,006,349,475		431,835,082
Accrued interest payable		—		39,994,897		5,744,907
Other tax payable		284,564		2,636,517		378,712
Accrued expenses and other liabilities		—		12,682,569		1,821,737
Total liabilities		284,564		3,061,663,458		439,780,438

		Year ended		Year ended
		December 31,		December 31,		Year ended December 31,
		2017		2018		2019		2019
		RMB		RMB		RMB		US$
Net revenue		117,684,121		61,475,364		340,613,941		48,926,131
Net income		43,583,819		41,986,452		227,051,351		32,613,886

		Year ended		Year ended
		December 31,		December 31,		Year ended December 31,
		2017		2018		2019		2019
		RMB		RMB		RMB		US$
Net cash provided by (used in) operating activities		26,997,889		12,547,230		123,521,027		17,742,685
Net cash provided by (used in) investing activities		48,332,936		676,499,516		(2,684,753,233)		(385,640,672)
Net cash provided by (used in) financing activities		(63,200,000)		(696,800,000)		3,006,349,475		431,835,082

VIEs and Consolidated Trusts

VIEs and Consolidated Trusts

Schedule of financial statements

		As of
		December 31,		As of December 31,
		2018		2019		2019
		RMB		RMB		US$
Assets:
Cash and cash equivalents		236,432,366		336,512,754		48,337,033
Restricted cash		5,880,989		449,978,760		64,635,405
Accounts receivable and contract assets, net		1,266,169,464		466,630,408		67,027,264
Loans at fair value		33,417,119		2,782,332,885		399,657,112
Prepaid expenses and other current assets		60,501,113		429,093,130		61,635,372
Deferred tax assets, net		173,287,013		420,822,781		60,447,410
Long-term investments		287,222,720		277,126,560		39,806,740
Property and equipment, net		21,333,636		14,396,986		2,067,998
Intangible assets, net		1,628,117		6,091,145		874,938
Financial guarantee derivative		358,249,913		719,962,262		103,416,108
Loan receivable from Xiaoying Housing Loans, net		128,101,279		89,535,665		12,860,994
Other non-current assets		6,345,345		44,169,105		6,344,495
Total assets		2,578,569,074		6,036,652,441		867,110,869
Liabilities:
Payable to investors at fair value of the Consolidated Trusts		—		3,006,349,475		431,835,082
Guarantee liabilities		19,297,718		11,140,899		1,600,290
Accrued payroll and welfare		23,329,971		22,677,991		3,257,490
Other tax payable		95,184,938		34,725,447		4,987,998
Income tax payable		93,611,597		227,047,349		32,613,311
Accrued expenses and other liabilities		117,547,625		103,479,695		14,863,928
Short-term bank borrowings		198,000,000		—		—
Other non-current liabilities		—		26,683,382		3,832,828
Deferred tax liabilities		47,145,390		688,209		98,855
Total liabilities		594,117,239		3,432,792,447		493,089,782

		Year ended		Year ended
		December 31,		December 31,		Year ended December 31,
		2017		2018		2019		2019
		RMB		RMB		RMB		US$
Net revenue		1,474,934,261		2,168,665,965		2,650,594,409		380,734,064
Net income (loss)		325,182,393		408,242,461		(14,609,225)		(2,098,484)

		Year ended		Year ended
		December 31,		December 31,		Year ended December 31,
		2017		2018		2019		2019
		RMB		RMB		RMB		US$
Net cash provided by (used in) operating activities		(592,979,915)		(243,451,042)		442,501,953		63,561,429
Net cash provided by (used in) investing activities		(10,809,388)		451,499,516		(2,706,673,269)		(388,789,289)
Net cash provided by (used in) financing activities		830,154,156		(498,800,000)		2,808,349,475		403,394,162

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The tabular disclosure of provision for accounts receivable and contract assets.

+ References

No definition available.

+ Details

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Data Type:	nonnum:textBlockItemType
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X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

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Namespace Prefix:	xyf_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

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Namespace Prefix:
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Balance Type:
Period Type:

X

- Details

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Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: