XML 115 R50.htm IDEA: XBRL DOCUMENT v3.20.1

Fair value of assets and liabilities - Financial guarantee derivative movements (Details)	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 USD ($)	Dec. 31, 2018 CNY (¥)	Dec. 31, 2017 CNY (¥)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 CNY (¥)	Dec. 31, 2018 CNY (¥)
Fair value of assets and liabilities
Financial guarantee derivative						$ 103,416,108	¥ 719,962,262	¥ 358,249,913
Change in fair value of financial guarantee derivative	$ 35,389,099	¥ 246,371,828		¥ 200,971,302	¥ 18,110,752
Potential maximum undiscounted amount payable (Remaining estimated payment to ZhongAn based on the pre-agreed Cap at December 31, 2019)						207,080,370	1,441,652,114	2,350,198,084
Financial guarantee derivative
Fair value of assets and liabilities
Financial guarantee derivative						103,416,108	719,962,262
Financial guarantee derivative	(103,416,108)	(719,962,262)		358,249,913		(103,416,108)	(719,962,262)	358,249,913
Balance at the beginning		358,249,913
Estimated payment to ZhongAn based on the pre-agreed Cap	326,155,547	2,270,629,689	$ (51,459,380)	(358,249,913)
Less: Initially estimated net guarantee service fee to be collected	292,989,990	2,039,737,713
Add (Less): Subsequent changes in estimated net guarantee service fee to be collected for outstanding loans	2,223,542	15,479,852
Change in fair value of financial guarantee derivative	35,389,099	246,371,828
Add: Guarantee service fee received from borrowers	269,741,374	1,877,885,497
Less: Compensation paid to ZhongAn	357,087,201	2,485,969,674
Balance at the end	$ (103,416,108)	(719,962,262)		358,249,913
Potential maximum undiscounted amount payable (Remaining estimated payment to ZhongAn based on the pre-agreed Cap at December 31, 2019)						22,353,173	155,618,319	370,958,304
Changes in fair value related to balance outstanding						$ 17,289,174	¥ 120,363,772
Loans facilitated in 2018
Fair value of assets and liabilities
Financial guarantee derivative		(358,249,913)		(358,249,913)				(358,249,913)
Balance at the beginning		(358,249,913)
Estimated payment to ZhongAn based on the pre-agreed Cap				1,784,817,072	53,260,916
Less: Initially estimated net guarantee service fee to be collected				1,607,696,701
Add (Less): Subsequent changes in estimated net guarantee service fee to be collected for outstanding loans				23,850,931
Change in fair value of financial guarantee derivative				200,971,302
Add: Guarantee service fee received from borrowers				1,019,863,268
Less: Compensation paid to ZhongAn				1,632,345,399
Balance at the end				(358,249,913)
Potential maximum undiscounted amount payable (Remaining estimated payment to ZhongAn based on the pre-agreed Cap at December 31, 2019)								370,958,304
Changes in fair value related to balance outstanding								108,540,263
Loans facilitated in 2019
Fair value of assets and liabilities
Financial guarantee derivative		(52,105,289)		(52,105,289)				(52,105,289)
Balance at the beginning		¥ (52,105,289)
Estimated payment to ZhongAn based on the pre-agreed Cap				259,590,877	¥ 7,746,479
Less: Initially estimated net guarantee service fee to be collected				233,829,787
Add (Less): Subsequent changes in estimated net guarantee service fee to be collected for outstanding loans				3,468,974
Change in fair value of financial guarantee derivative				29,230,064
Add: Guarantee service fee received from borrowers				148,332,960
Less: Compensation paid to ZhongAn				237,414,792
Balance at the end				¥ (52,105,289)
Potential maximum undiscounted amount payable (Remaining estimated payment to ZhongAn based on the pre-agreed Cap at December 31, 2019)								53,953,648
Changes in fair value related to balance outstanding								¥ 15,786,527
Minimum | Default rates | Level 3
Fair value of assets and liabilities
Financial guarantee derivative input						9.62	9.62
Maximum | Default rates | Level 3
Fair value of assets and liabilities
Financial guarantee derivative input						16.79	16.79

X

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13433-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

+ Details

Name:	us-gaap_DerivativeAssets
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13433-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313

+ Details

Name:	us-gaap_DerivativeLiabilities
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Value of input used to measure derivative liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_DerivativeLiabilityMeasurementInput
Namespace Prefix:	us-gaap_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	instant

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

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248

+ Details

Name:	us-gaap_GuaranteeObligationsMaximumExposure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

+ Details

Name:	us-gaap_UnrealizedGainLossOnDerivatives
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The amount of change in estimated net guarantee service fee to be collected for outstanding loans facilitated previously.

+ References

No definition available.

+ Details

Name:	xyf_ChangeInEstimatedNetGuaranteeServiceFeeToBeCollectedForOutstandingLoans
Namespace Prefix:	xyf_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The amount of compensation paid to third party insurance company.

+ References

No definition available.

+ Details

Name:	xyf_CompensationToThirdPartyAssetManagementEntity
Namespace Prefix:	xyf_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The estimated amount to be paid in default of borrowers.

+ References

No definition available.

+ Details

Name:	xyf_EstimatedPaymentsInDefaultOfBorrowers
Namespace Prefix:	xyf_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

The amount of changes in fair value related to financial guarantee derivatives.

+ References

No definition available.

+ Details

Name:	xyf_FinancialGuaranteeDerivativeFairValueAdjustment
Namespace Prefix:	xyf_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The amount of guarantee service fees collected.

+ References

No definition available.

+ Details

Name:	xyf_GuaranteeServiceFeesCollected
Namespace Prefix:	xyf_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

The initially estimated guarantee service fees to be collected from borrowers.

+ References

No definition available.

+ Details

Name:	xyf_InitiallyEstimatedNetGuaranteeServiceFeeToBeCollected
Namespace Prefix:	xyf_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=xyf_GuaranteeDerivativeLiabilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=xyf_LoansFacilitatedIn2018Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=xyf_LoansFacilitatedIn2019Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDefaultRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: