FinVolution Group Reports Second Quarter 2025 Unaudited Financial Results

H1 Transaction Volume reached RMB106.1 billion, up 9.4% year-over-year-

H1 International Transaction Volume reached RMB6.2 billion, up 37.8% year-over-year-

H1 Revenue reached RMB7,059.0 million, up 11.5% year-over-year-

H1 International Revenues reached RMB1,507.2 million, up 30.2% year-over-year and representing 21.4% of total net revenues-

FinVolution Group (“FinVolution” or the “Company”) (NYSE: FINV), a leading fintech platformin China,Indonesia and the Philippines,today announced its unaudited financial results for the second quarter ended June 30, 2025.

For the Three Months Ended/As of YoY Change June 30,2024 June 30,2025Total Transaction Volume(RMB in billions)[1] 48.7 54.0 10.9%Transaction Volume (China's Mainland)[2] 46.4 50.8 9.5%Transaction Volume (International)[3] 2.3 3.2 39.1%Total Outstanding Loan Balance (RMB in billions) 65.6 77.5 18.1%Outstanding Loan Balance (China's Mainland)[4] 64.2 75.4 17.4%Outstanding Loan Balance (International)[5] 1.4 2.1 50.0%

Second Quarter 2025 China Market Operational Highlights

— Cumulative registered users[6] reached 180.9 million as of June 30, 2025, an increase of 11.5% compared with June 30, 2024.

— Cumulative borrowers[7] reached 27.9 million as of June 30, 2025, an increase of 7.7% compared with June 30, 2024.

— Number of unique borrowers[8] for the second quarter of 2025 was 2.2 million, an increase of 22.2% compared with the same period of 2024.

— Transaction volume[2] reached RMB50.8 billion for the second quarter of 2025, an increase of 9.5% compared with the same period of 2024.

— Transaction volume facilitated for repeat individual borrowers[9] for the second quarter of 2025 was RMB43.8 billion, an increase of 8.1% compared with the same period of 2024.

— Outstanding loan balance[4] reached RMB75.4 billion as of June 30, 2025, an increase of 17.4% compared with June 30, 2024.

— Average loan size[10] was RMB10,056 for the second quarter of 2025, compared with RMB9,956 for the same period of 2024.

— Average loan tenure[11] was 8.3 months for the second quarter of 2025, compared with 8.0 months for the same period of 2024.

— 90 day+ delinquency ratio[12] was 1.92% as of June 30, 2025.

Second Quarter 2025 International Market Operational Highlights

— Cumulative registered users[13] reached 42.8 million as of June 30, 2025, an increase of 47.1% compared with June 30, 2024.

— Cumulative borrowers[14] for the international market reached 8.7 million as of June 30, 2025, an increase of 55.4% compared with June 30, 2024.

— Number of unique borrowers[15] for the second quarter of 2025 was 2.3 million, an increase of 122.2% compared with the same period of 2024.

— Number of new borrowers[16] for the second quarter of 2025 was 1.1 million, an increase of 126.4% compared with the same period of 2024.

— Transaction volume[3] reached RMB3.2 billion for the second quarter of 2025, an increase of 39.1% compared with the same period of 2024.

— Outstanding loan balance[5] reached RMB2.1 billion as of June 30, 2025, an increase of 50.0% compared with June 30, 2024.

— International business revenue was RMB796.7 million (US$111.2 million) for the second quarter of 2025, an increase of 41.5% compared with the same period of 2024, representing 22.3% of total revenue for the second quarter of 2025.

Second Quarter 2025 Financial Highlights

— Net revenue was RMB3,578.0 million (US$499.5 million) for the second quarter of 2025, compared with RMB3,168.0 million for the same period of 2024.

— Net profit was RMB751.3 million (US$104.9 million) for the second quarter of 2025, compared with RMB551.0 million for the same period of 2024.

— Non-GAAP adjusted operating income[17], which excludes share-based compensation expenses before tax, was RMB854.8 million (US$119.3 million) for the second quarter of 2025, compared with RMB598.6 million for the same period of 2024.

— Diluted net profit per American depositary share (“ADS”) was RMB2.82 (US$0.39) and diluted net profit per share was RMB0.56 (US$0.08) for the second quarter of 2025, compared with RMB2.07 and RMB0.41 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 second quarter of 2025, compared with RMB2.22 and RMB0.44 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 second quarter, RMB20.5 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 June 30, 2025, RMB36.2 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 June 30, 2025.[7] On a cumulative basis, the total number of borrowers in China's Mainland market registeredon the Company's platform as of June 30, 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 June 30, 2025.[14] On a cumulative basis, the total number of borrowers on the Company's platforms outside China's Mainland market, as of June 30, 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 flowsassociated with funds held for customers and funds paid on behalf of customers within its Consolidated Statements of Cash Flows.Thebalances for the second 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 sustained healthy growth momentum in the second quarter of 2025, with total transaction volume reaching RMB54.0 billion, up 10.9% year-over-year. Net revenue rose 12.9% to RMB3.6 billion, while net income grew 36.4% to RMB751.3 million year-over-year. These results reflect our strong execution and the resilience of our 'Local Excellence, Global Outlook' strategy amid evolving market conditions.

“We also added 1.6 million new borrowers during the quarter, our fourth consecutive quarter exceeding the one-million mark, thanks to effective data-driven marketing and our expanding global footprint. Supported by pioneering technology, international diversification and rising brand recognition, we remain confident in our ability to capture growth opportunities and create long-term value for all stakeholders,” concluded Mr. Li.

Mr. Jiayuan Xu, Chief Financial Officer of FinVolution, continued, “Our second quarter financial performance remained strong across all key metrics. International transaction volume surged 39.1% year-over-year, with loan balance rising 50.0%. Revenue from international markets increased 41.5% to RMB796.7 million, contributing 22.3% of total net revenue, up from 17.8% a year ago, underscoring our accelerating global traction.

“Meanwhile, we maintained a healthy balance sheet with RMB7.9 billion in cash and short-term investments and a conservative leverage ratio of 2.6x. In addition, we further strengthened our financial position by completing a US$150 million convertible bond offering in June and repurchasing US$63.8 million in shares during the first half of 2025, reaffirming our commitment to capital efficiency and shareholder returns,” concluded Mr. Xu.

Second Quarter 2025 Financial Results

Net revenuefor the second quarter of 2025 wasRMB3,578.0million (US$499.5million),compared with RMB3,168.0 million for the same period of 2024. This increase was primarily due to the increase in loan facilitation service fees and other revenue, partially offset by the decrease in guarantee income.

Loan facilitation service feeswereRMB1,515.3 million (US$211.5 million) for the second quarter of 2025,compared with RMB1,110.5 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 feeswereRMB425.6million (US$59.4million) for the second quarter of 2025, compared withRMB389.2 million for the same period of 2024. This increase was primarily due to the rolling impact of deferred transaction fees.

Guarantee incomewasRMB1,046.6million (US$146.1million) for the second quarter of 2025, compared withRMB1,298.9 million for the same period of 2024. This decrease was primarily due to the decrease in risk-bearing loans in the China market and was partially offset by an increase in such loans in international markets, 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 incomewasRMB272.1million (US$38.0million) for the second quarter of 2025, compared withRMB218.8 million for the same period of 2024. This increase mainly resulted from the increase in the average outstanding loan balances of on-balance sheet loans in the China market and was partly offset by a decreasein net interest income in international markets due to our strategy of deepening cooperation with local institutional partners.

Other revenuewasRMB318.3million (US$44.4million) for the second quarter of 2025,compared withRMB150.5 million for the same period of 2024. This increase was primarily due to the increase inthe contributions from other revenue streams.

Origination, servicing expenses and other costs of revenuewereRMB674.5million (US$94.2million) for the second quarter of 2025, compared withRMB575.2 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 expenseswereRMB606.4million (US$84.7million) for the second quarter of 2025, compared with RMB473.3 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 expenseswereRMB129.0million (US$18.0million) for the second quarter of 2025, compared withRMB119.3 million for the same period of 2024. This increase was primarily due to the increased investment in technology development.

General and administrative expenseswereRMB110.2million (US$15.4million) for the second quarter of 2025, compared with RMB101.9 million for the same period of 2024.This increasewas primarily due to the increased benefits we provided to our employees.

Provision for accounts receivable and contract assets wasRMB106.3million (US$14.8million) for the second quarter of 2025, compared withRMB57.2 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 receivablewasRMB98.4 million (US$13.7 million) for the second quarter of 2025, compared withRMB92.0 million for the same period of 2024. This increase was primarily due to the increase in the outstanding loan balance in the China market, partially offset by improved credit performance in the international markets.

Credit losses for quality assurance commitmentwereRMB987.1 million (US$137.8 million) for the second quarter of 2025, compared with RMB1,190.6 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.

Impairment of goodwill, intangible assets and other long-lived assetswas RMB50.4 million (US$7.0 million) for the second quarter of 2025, compared with nil for the same period of 2024. The increase was primarily due to an impairment of goodwill related to a certain micro-lending company acquired by the Group in 2017, following a performance review during the quarter.

Operating profitwasRMB815.5million (US$113.8million) for the second quarter of 2025, compared withRMB558.5 million for the same period of 2024.

Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB854.8million (US$119.3 million) for the second quarter of 2025, compared with RMB598.6 million for the same period of 2024.

Other income was RMB114.5million (US$16.0million) for the second quarter of 2025,compared withRMB67.7 million for the same period of 2024.The increase was mainly due to the increase in government subsidies.

Income tax expense wasRMB178.7million (US$24.9million) for the second quarter of 2025, compared with RMB75.2 million for the same period of 2024.This increase was mainly due to the increase in pre-tax profit and the increase in effective tax rate.

Net profit was RMB751.3million (US$104.9million) for the second quarter of 2025, compared with RMB551.0 million for the same period of 2024.

Net profit attributable to ordinary shareholders of the Companywas RMB747.0million (US$104.3million) for the second quarter of 2025, compared with RMB551.1 million for the same period of 2024.

Diluted net profit per ADSwas RMB2.82(US$0.39) and diluted net profit per share was RMB0.56(US$0.08) for the second quarter of 2025, compared with RMB2.07 and RMB0.41 for the same period of 2024, respectively.

Non-GAAP diluted net profit per ADSwas RMB2.97(US$0.41) and non-GAAP diluted net profit per share was RMB0.59(US$0.08) for the second quarter of 2025, compared with RMB2.22 and RMB0.44 for the same period of 2024, respectively. Each ADS represents five Class A ordinary shares of the Company.

As of June 30, 2025, the Company had cash and cash equivalents of RMB5,297.3million (US$739.5million) and short-term investments, mainly in wealth management products and term deposits, of RMB2,595.0million (US$362.3million).

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 June 30, 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.

Capital Market Update

On June 24, 2025, the Company announced the completion of the offering of the convertible senior notes in an aggregate principal amount of US$150 million due 2030. Concurrently with the pricing of this offering, the Company repurchased approximately 6.4 million ADSs with an aggregate value of approximately US$60.7 million at a price of US$9.51 per ADS (“concurrent repurchase”).

Business Outlook

We achieved strong growth by firmly executing our “Local Excellence, Global Outlook” strategy,driven byeffective customer acquisition and product diversification. Amid evolving market dynamics, we remain confidentin our ability to navigate market evolution while accelerating our global expansion and international growth trajectory. The Company reiterates its full-year 2025 total revenue guidance to be in the range of approximately RMB14.4billion to RMB15.0billion, 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 8:30PM U.S. Eastern Time on August 20, 2025 (8:30AM Beijing/Hong Kong Time on August 21, 2025).

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

United States (toll free): +1-888-346-8982Canada (toll free): +1-855-669-9657International: +1-412-902-4272Hong Kong, China (toll free): 800-905-945Hong Kong, China: +852-3018-4992Mainland, 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 August 27, 2025, by dialing the following telephone numbers:

United States (toll free): +1-877-344-7529Canada (toll free): +1-855-669-9658International: +1-412-317-0088Replay Access Code: 6937491

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 June 30, 2025, the Company had 223.6million 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 RMB7.1636 to US$1.00, the rate in effect as of June 30, 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 GroupUNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS(All amounts in thousands, except share data, or otherwise noted) As of December 31, As of June30, 2024 2025 RMB RMB USDAssetsCash and cash equivalents 4,672,772 5,297,339 739,480Restricted cash 2,074,300 1,774,995 247,780Short-term investments 2,832,382 2,595,018 362,251Investments 1,173,003 1,144,284 159,736Quality assurance receivable, net of credit loss allowance for 1,639,591 1,472,700 205,581quality assurance receivable of RMB426,949 andRMB471,131 as of December 31, 2024 and June 30, 2025,respectivelyIntangible assets 137,298 147,898 20,646Property, equipment and software, net 623,792 617,701 86,228Loans receivable, net of credit loss allowance for loans receivable 4,157,621 5,307,486 740,896of RMB226,467 and RMB319,957 as of December 31, 2024 andJune 30, 2025, respectivelyAccounts receivable and contract assets,net of credit loss 2,405,880 2,779,486 388,001allowance for accounts receivable and contract assets ofRMB290,267 and RMB326,977 as of December 31, 2024 andJune 30, 2025, respectivelyDeferred tax assets 2,513,865 3,111,379 434,332Right of use assets 36,826 39,620 5,531Prepaid expenses and other assets 1,289,380 1,359,190 189,736Goodwill 50,411 – -Total assets 23,607,121 25,647,096 3,580,198Liabilities and Shareholders' EquityDeferred guarantee income 1,515,950 1,360,750 189,953Liability from quality assurance commitment 2,964,116 3,183,737 444,433Payroll and welfare payable 290,389 237,223 33,115Taxes payable 705,928 412,869 57,634Short-term borrowings 5,594 67,326 9,398Funds payable to investors of consolidated trusts 796,122 1,168,407 163,103Contract liability 10,185 835 117Deferred tax liabilities 491,213 604,602 84,399Accrued expenses and other liabilities 1,245,184 1,400,813 195,546Leasing liabilities 28,765 33,904 4,733Convertible senior notes – 1,034,437 144,402Total liabilities 8,053,446 9,504,903 1,326,833Commitments and contingenciesFinVolution Group Shareholders' equityOrdinary shares 103 103 14Additional paid-in capital 5,815,437 5,838,926 815,083Treasury stock (1,765,542) (2,163,698) (302,041)Statutory reserves 852,723 852,723 119,036Accumulated other comprehensive income 92,626 77,058 10,758Retained earnings 10,208,717 11,191,919 1,562,332Total FinVolution Group shareholders' equity 15,204,064 15,797,031 2,205,182Non-controlling interest 349,611 345,162 48,183Total shareholders' equity 15,553,675 16,142,193 2,253,365Total liabilities and shareholders' equity 23,607,121 25,647,096 3,580,198FinVolution GroupUNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(All amounts in thousands, except share data, or otherwise noted) For the Three Months Ended June 30, For the Six Months Ended June 30, 2024 2025 2024 2025 RMB RMB USD RMB RMB USDOperating revenue:Loan facilitation service fees 1,110,528 1,515,349 211,535 2,096,468 2,993,147 417,827Post-facilitation service fees 389,236 425,595 59,411 854,428 806,209 112,542Guarantee income 1,298,927 1,046,615 146,102 2,645,042 2,146,129 299,588Net interest income 218,803 272,098 37,983 450,110 513,712 71,711Other revenue 150,506 318,294 44,432 287,033 599,795 83,728Net revenue 3,168,000 3,577,951 499,463 6,333,081 7,058,992 985,396Operating expenses:Origination, servicing expenses and other cost of revenue (575,231) (674,544) (94,163) (1,114,786) (1,295,009) (180,776)Sales and marketing expenses (473,295) (606,444) (84,656) (922,504) (1,136,147) (158,600)Research and development expenses (119,252) (128,974) (18,004) (239,747) (255,015) (35,599)General and administrative expenses (101,892) (110,196) (15,383) (184,219) (217,090) (30,305)Provision for accounts receivable and contract assets (57,237) (106,345) (14,845) (122,899) (224,063) (31,278)Provision for loans receivable (91,988) (98,379) (13,733) (173,273) (183,793) (25,657)Credit losses for quality assurance commitment (1,190,572) (987,139) (137,799) (2,388,671) (1,998,754) (279,015)Impairment of goodwill, intangible assets and other long-lived assets – (50,411) (7,037) – (50,411) (7,037)Total operating expenses (2,609,467) (2,762,432) (385,620) (5,146,099) (5,360,282) (748,267)Operating profit 558,533 815,519 113,843 1,186,982 1,698,710 237,129Other income, net 67,657 114,464 15,979 98,661 122,845 17,149Profit before income tax expense 626,190 929,983 129,822 1,285,643 1,821,555 254,278Income tax expenses (75,152) (178,670) (24,941) (202,629) (332,601) (46,429)Net profit 551,038 751,313 104,881 1,083,014 1,488,954 207,849Less: Net profit/(loss) attributable to non-controlling interest shareholders (107) 4,316 602 4,168 (4,449) (621)Net profit attributable to FinVolution Group 551,145 746,997 104,279 1,078,846 1,493,403 208,470Foreign currency translation adjustment, net of nil tax (47,923) 705 98 (36,791) (15,568) (2,173)Total comprehensive income attributable 503,222 747,702 104,377 1,042,055 1,477,835 206,297to FinVolution GroupWeighted average number of ordinary shares used incomputing net income per shareBasic 1,298,653,314 1,280,035,833 1,280,035,833 1,305,081,766 1,272,937,319 1,272,937,319Diluted 1,334,219,839 1,322,804,429 1,322,804,429 1,337,706,499 1,319,415,709 1,319,415,709Net profit per share attributable to FinVolutionGroup's ordinary shareholdersBasic 0.42 0.58 0.08 0.83 1.17 0.16Diluted 0.41 0.56 0.08 0.81 1.13 0.16Net profit per ADS attributable to FinVolutionGroup's ordinary shareholders (one ADS equalfive ordinary shares)Basic 2.12 2.92 0.41 4.13 5.87 0.82Diluted 2.07 2.82 0.39 4.03 5.66 0.79FinVolution GroupUNAUDITEDINTERIMCONDENSEDCONSOLIDATEDSTATEMENTSOFCASH FLOWS[18](Allamounts in thousands, except share data, or otherwise noted) Three Months Ended June 30, Six Months Ended June 30, 2024 2025 2024 2025 RMB RMB USD RMB RMB USDNet cash provided by operating 977,910 8,627 1,206 1,191,219 530,962 74,121activitiesNet cash used in investing activities (581,936) (1,025,083) (143,097) 343,759 (659,887) (92,118)Net cash provided by/(used in) (487,946) 658,029 91,858 (798,088) 459,698 64,172financing activitiesEffect of exchange rate changes on (21,347) 5,754 802 (29,551) (5,511) (770)cash and cash equivalentsNet increase in cash, cash equivalent (113,319) (352,673) (49,231) 707,339 325,262 45,405and restricted cashCash, cash equivalent and restricted 7,590,048 7,425,007 1,036,491 6,769,390 6,747,072 941,855cash at beginning of periodCash, cash equivalent and restricted 7,476,729 7,072,334 987,260 7,476,729 7,072,334 987,260cash at end of periodFinVolution GroupUNAUDITED Reconciliation of GAAP and Non-GAAP Results(All amounts in thousands, except share data, or otherwise noted) For the Three Months Ended June 30, For the Six Months Ended June 30, 2024 2025 2024 2025 RMB RMB USD RMB RMB USDNet Revenues 3,168,000 3,577,951 499,463 6,333,081 7,058,992 985,396Less: total operating expenses (2,609,467) (2,762,432) (385,620) (5,146,099) (5,360,282) (748,267)Operating Income 558,533 815,519 113,843 1,186,982 1,698,710 237,129Add: share-based compensation expenses 40,100 39,318 5,489 70,389 73,997 10,330Non-GAAP adjusted operating income 598,633 854,837 119,332 1,257,371 1,772,707 247,459Operating Margin 17.6% 22.8% 22.8% 18.7% 24.1% 24.1%Non-GAAP operating margin 18.9% 23.9% 23.9% 19.9% 25.1% 25.1%Non-GAAP adjusted operating income 598,633 854,837 119,332 1,257,371 1,772,707 247,459Add: other income, net 67,657 114,464 15,979 98,661 122,845 17,149Less: income tax expenses (75,152) (178,670) (24,941) (202,629) (332,601) (46,429)Non-GAAP net profit 591,138 790,631 110,370 1,153,403 1,562,951 218,179Less: Net profit/(loss) attributable to non-controlling (107) 4,316 602 4,168 (4,449) (621)interest shareholdersNon-GAAP net profit attributable to FinVolution 591,245 786,316 109,768 1,149,235 1,567,400 218,800GroupWeighted average number of ordinary shares used incomputing net income per shareBasic 1,298,653,314 1,280,035,833 1,280,035,833 1,305,081,766 1,272,937,319 1,272,937,319Diluted 1,334,219,839 1,322,804,429 1,322,804,429 1,337,706,499 1,319,415,709 1,319,415,709Non-GAAP net profit per share attributable toFinVolution Group's ordinary shareholdersBasic 0.46 0.61 0.09 0.88 1.23 0.17Diluted 0.44 0.59 0.08 0.86 1.19 0.17Non-GAAP net profit per ADS attributable toFinVolution Group's ordinary shareholders (one ADSequal five ordinary shares)Basic 2.28 3.07 0.43 4.40 6.16 0.86Diluted 2.22 2.97 0.41 4.30 5.94 0.83

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