Shares of FinVolution Group (FINV) are soaring 16.01% in pre-market trading on Tuesday following the company's announcement of strong financial results for 2024, a new share repurchase program, and an increased annual dividend.

The leading fintech company reported solid growth in its 2024 financial results, with annual revenue reaching US$1.8 billion, a 4.1% year-over-year increase. Net profit remained stable at US$327.1 million, while transaction volume grew 6.1% to US$28.2 billion. FinVolution's international business showed particularly strong momentum, contributing 21.4% of total revenue in Q4 2024 and acquiring 2.2 million new borrowers outside of China, a 61% year-over-year increase.

Investors are likely encouraged by FinVolution's commitment to shareholder returns. The company's board authorized a new share repurchase program of up to $150 million, valid from March 20, 2025, to March 19, 2027. Additionally, the annual dividend was increased to $0.277 per American depositary share from $0.237, payable on May 7 to shareholders of record as of April 16. These moves demonstrate the company's confidence in its business fundamentals and cash flow outlook.

FinVolution's focus on AI-driven credit technology and global expansion also appears to be resonating with investors. The company has secured key financial licenses in multiple markets, including Pakistan, Indonesia, and the Philippines, as part of its strategy to generate 50% of its revenue from international markets by 2030. The introduction of its proprietary Large Language Model, "Rice Seeds," and the launch of the AI-powered application platform Zeta further highlight FinVolution's commitment to innovation in the fintech space.

As FinVolution continues to leverage cutting-edge AI and fintech solutions to drive financial inclusion and sustainable growth, the market seems optimistic about the company's future prospects, reflected in today's significant stock price surge.