X Financial (NYSE: XYF) stock surged 5.47% intraday following the release of its impressive fourth-quarter 2024 financial results and optimistic projections for 2025. The Chinese personal finance service provider demonstrated robust growth across key metrics, instilling confidence in investors.

The company reported a significant 24% year-over-year increase in total loan volumes for Q4 2024, reaching RMB32 billion. This growth contributed to a 43% year-over-year rise in total net revenue, amounting to RMB1.7 billion for the quarter. Most notably, X Financial's net income for Q4 2024 more than doubled compared to the previous year, reaching RMB386 million.

Looking ahead, X Financial provided a bullish outlook for 2025, projecting loan volumes between RMB134.4 billion and RMB138.4 billion for the full year. This forecast represents a substantial increase from the RMB104.9 billion reported for 2024. Additionally, the company announced a semiannual dividend of USD0.25 per ADS, further boosting investor sentiment. The ongoing share repurchase program, which saw the company buy back 38.4 million Class A ordinary shares in Q4 2024 alone, demonstrates management's confidence in the company's value proposition and commitment to enhancing shareholder returns.