The Pittsburgh Steelers head into Week 15 with a 10-3 record and a chance to clinch the playoffs . They can control their own destiny if they beat the Philadelphia Eagles in any fashion, but they'll have to face a tough Eagles defense who leads the NFL in yards allowed per game with 284.2 yards. Their defense also sits right above Pittsburgh, giving up an average of 18 points per game . It'll be a tough battle of which offense can get past these tough defenses and which defense can make the most plays. Leading up to this matchup, a star Eagles player revealed how he almost ended up in Pittsburgh last season. Eagles cornerback Darius Slay talked about the upcoming matchup against the Steelers in his Big Play Slay podcast. Before he got into the game itself, Slay revealed how close he was to becoming a Steeler before the 2023 season. "What's so crazy is I almost was going to them [Pittsburgh] too," Slay shared. "They hit me up too. TJ texted me... Cam Heyward texted me and talked about coming in there. Before I ever get to make the decision, I think they signed Pat [Peterson] at the time, so they kind of chilled out for a minute, but yeah, I was almost a Pittsburgh Steeler." TJ Watt and Cameron Heyward trying to recruit Slay showcases how interested they were in him joining the team. Of course, they're not General Manager Omar Khan , who ended up signing Patrick Peterson ahead of the 2023 season to add to the cornerback room. Slay was first drafted by the Detroit Lions in 2013 before being traded to the Eagles in 2020. Slay is a six-time Pro Bowler and has recorded 28 interceptions and 608 total tackles in his 12 seasons in the NFL. Talks of a release or trade for Slay heated up in the 2023 offseason as the Eagles were dealing with salary cap issues and Slay was owed quite a bit of money the next season. The Eagles allowed Slay to seek a trade, ultimately when Watt and Heyward reached out to recruit him, but Slay ended up restructuring his contract and staying with the Eagles. There's no known evidence that Khan was even looking at Slay when this news broke, but it's interesting to hear Slay say this now and think of what could've been. Slay would've been a great veteran alongside Minkah Fitzpatrick in the secondary. The Steelers only had Peterson for one season before releasing him in March of 2024. Slay, like many other NFL players, have voiced only positive words about Head Coach Mike Tomlin . Tomlin is arguably one of the top coaches players want to play for in the NFL if they had the choice. Slay talked about Tomlin a bit in his podcast. "Mike Tomlin man, he a damn great coach," Slay said. "I think he's top three coach ever." Last time the Steelers played the Eagles was in the 2022 season, the Eagles winning 35-13. Slay only recorded two tackles and a pass deflection that game, so it'll be interesting what he can do against an improved Steelers offense this time around. Steelers Will Likely Be Without Top Receiver George Pickens Tomlin told reporters Tuesday leading up to the Eagles matchup that if they needed to know right now, George Pickens would likely not play against the Eagles. Pickens' injury is apparently worse than expected and there's a possibility of missing multiple games. Pickens is a key weapon on this offense and he is much needed in a brutal stretch of three games in 11 days. The Eagles' defense will be tough on their home field, but Russell Wilson has improved this offense tremendously and Najee Harris and Jaylen Warren have been a great running back duo. Wilson got it done without Pickens in Week 14 against the Cleveland Browns and will face that challenge again against a tougher defense. Would you like to have seen Slay in a Steelers uniform? This article first appeared on SteelerNation.com and was syndicated with permission.
Buccaneers are back to .500 and in position to control their playoff hopes down the stretch
NEW ORLEANS (AP) — New Orleans tight end Taysom Hill is likely to miss the rest of the season after injuring his knee in the Saints' loss to the Los Angeles Rams. “It looks like an ACL tear,” interim coach Darren Rizzi said Monday. “He’ll probably get a second opinion, but it looks like it will be season-ending.” Hill, who is listed at tight end but plays a variety of roles, was carted off the field after taking a hard hit to his left knee while converting a fourth down on a direct snap in the Saints’ 21-14 loss Sunday to the Rams. The injury came one game after he'd posted a career-best 138 yards rushing and scored three touchdowns in a victory over Cleveland. He also has lined up at quarterback and running back, as well as playing special teams. “It means everybody else has to step up,” Rizzi said. “He fills so many roles, so there are going to be a lot of different guys that have to be a part of the solution there. It’s hard to sit here and tell you we are going to replace Taysom. You can’t. He’s a phenomenal person, player, leader and captain. It’s a big loss." Hill is the third key offensive player the Saints have lost. He joins leading wide receivers Chris Olave, who suffered a concussion in Week 9 and has not played since, and Rashid Shaheed, who is out for the year after tearing a meniscus in Week 7. Rizzi said guard Nick Saldiveri also might miss the remaining five games after injuring his left knee in the fourth quarter one series before Hill. Without Hill, though, the Saints’ quest to get back in the NFC South race became even tougher. At 4-8, they trail Atlanta and Tampa Bay by two games. Hill has 99 catches, 437 carries, 302 passes, 44 touchdowns, 19 tackles and one blocked kick in seven years with the Saints. “I don’t know if I can compare Taysom to anybody else that I’ve ever coached,” Rizzi said. “There’s not a guy that comes to mind that has been able to do all the different things he’s been able to do just in one game, forget about his career." What's working Alvin Kamara had his third 100-yard rushing game of the year and is 106 yards away from the first 1,000-yard season of his eight-year career. He needs only 39 more yards to set a career high. His 206 carries are the third most in his career. What needs help Los Angeles averaged 5.4 yards per carry, finishing with 156 yards. Rams running back Kyren Williams said they knew at halftime they would win if they stuck to the ground game, and he carried seven times on the opening series of the third quarter as they took the lead. The Saints have allowed 5.1 yards per carry for the season — tied for last with the New York Giants. Stock up Signed in late October after Shaheed’s season-ending surgery, Marquez Valdes-Scantling has become Derek Carr’s go-to receiver for big plays. His 28-yard touchdown catch in the fourth quarter was the Saints’ longest gain of the day and his fourth score in the past three games. Stock down Tight end Foster Moreau, a reliable performer all year, could not handle Rams outside linebacker Jared Verse on the Saints’ final offensive snap, allowing him to hit Carr as he released a pass on fourth-and-3 from the Los Angeles 9 with New Orleans trailing by 7. Injuries Although the news was bad for Hill and Saldiveri, Rizzi said he expected starting center Erik McCoy to play Sunday against the Giants. McCoy was scratched against the Rams after aggravating a groin injury two weeks earlier versus Cleveland in his first game back since missing seven in a row. Rizzi said oft-injured running back Kendre Miller, who has played in two games this year, might return from a hamstring injury Sunday. Key number 2 — The number of sacks for the Saints, not enough to keep Rams quarterback Matthew Stafford from finding his rhythm in the second half. In the Rams’ last five losses, he has been sacked 20 times. In their last five wins, he has been sacked three times. Next steps With their NFC South hopes on life support, the Saints travel to face the reeling Giants, who have lost seven in a row. ___ AP NFL: https://apnews.com/hub/nfl Guerry Smith, The Associated Press
TAMPA, Fla. (AP) — Tampa Bay’s bid for a fourth straight NFC South title and fifth consecutive playoff berth is gaining momentum. Back-to-back wins over a pair of last-place teams , combined with Atlanta’s three-game losing streak, have propelled the Bucs (6-6) to a tie atop the division.Rates jump to highest level since July
A study of hot spots for collisions between ships and whales around the world, including Canadian waters, offers a map for measures to prevent the deadly strikes that could drive some species to extinction, one of the British Columbia-based authors says. Chloe Robinson said reported strikes represent a fraction of their true extent, and a lack of protection measures leaves whales vulnerable as global shipping expands. The study found shipping takes place across 92 per cent of the ranges for humpback, blue, fin and sperm whales worldwide, but measures to reduce vessel strikes have been implemented in less than seven per cent of high-risk areas. "That could really spell, you know, potential extinction for some of these species," said Robinson, director of whales for Ocean Wise, a B.C.-based organization that provided data for the paper published in the peer-reviewed journal Science. "A recent study estimated anything up to 20,000 whales are killed a year through ship strikes, globally, and that's just an estimate, a best-case estimate." Robinson said she was surprised to see Swiftsure Bank, off the west coast of Vancouver Island, emerge as a risk hot spot for strikes of fin, blue and humpback whales. The area is a "migration highway" for humpbacks, she noted. The study also identified a hot spot for the same three species in the Gulf of St. Lawrence between Quebec, New Brunswick and Newfoundland. "This is something that Ocean Wise has been looking into because a lot of the management measures occur offshore and not sort of within the Gulf of St. Lawrence itself and even the St. Lawrence Seaway, (which) leads down to the Great Lakes," she said. "That was a huge hot spot, which was really interesting for me." Robinson said there have been smaller studies on the risk of ship strikes in different regions, but the study published Thursday is the first to map the distribution of the four whale species, using a variety of data sources, then compare it with the Automatic Identification System, a tool used for tracking vessels worldwide. "This was really the first of its kind to map these two on top of each other," she said. The researchers found the highest levels of risk in the Indian, western North Pacific and Mediterranean, while it also identified high-risk areas in the eastern North Pacific, North and South Atlantic Ocean along with the South China Sea. The Southern Ocean was the only region that did not contain any ship-strike hot spots due to low levels of shipping, despite high use by whales, the study found. Robinson said the findings support a strong case for maritime authorities to adopt measures such as whale alert systems, speed limits and no-go zones. "We know where there are areas where there are lots of whales and lots of ships, so this is where we need to target for management," she said in an interview. Robinson said Canada is home to many "eyes on the water" and researchers exploring innovative techniques for monitoring whales. But the country lacks mandatory mitigation measures, and it's not alone. "Next to none of the measures globally are mandatory. So, having voluntary measures (is) great, provided people comply," Robinson said. Ocean Wise launched an alert system in 2018 that notifies large vessels of the presence of whales in Pacific Northwest waters, and Robinson said about 80 per cent of mariners from Washington state up to Alaska have signed up. The WhaleReport alert system mainly functions in what she describes as "inshore" waters around busy ports in Seattle, Vancouver and Prince Rupert. The Port of Vancouver has also seen a high rate of compliance for its ECHO program, Robinson noted. The program encourages vessels to take voluntary steps, such as slowing down or staying farther away from whales, in order to reduce underwater noise and the potential for strikes in busy shipping areas. Robinson favours a multi-pronged approach to reducing ship strikes, but she said one single measure she believes could have a big impact would be equipping vessels with an infrared camera to detect whales within several kilometres. "Maybe some mariners ... respond better to knowing there 100 per cent is a whale 200 metres in front of your vessel, versus, 'slow down, there might be a whale here.'" Robinson said such cameras can cost between US$50,000 and $75,000. But the cost was a "drop in the bucket" of major companies' profits, she said. The cameras also present a public-relations opportunity for businesses to advertise themselves as operating in a more whale-friendly manner, Robinson said. "I know people who have had to go and have therapy after killing a humpback whilst at the helm," she added. "I think there's a lot to be said (for) the long-term benefits of this kind of technology." The study also found areas with lower traffic that could provide refuge for whales, especially with added protections. It shows the Arctic Ocean, for example, has very few high-risk areas for vessel strikes, and Robinson said some researchers view it as potential sanctuary. But without protections, Robinson said Arctic waters could become the next high-risk hot spot as sea ice melts with climate change, opening up shipping routes. "Knowing the plans to expand shipping routes into these areas to cut shipping time, make things faster, right through prime whale habitat, I think this is a really good opportunity to get ahead of the issue before it becomes an issue," she said. Whales play crucial roles in their ecosystems, including cycling nutrients that support other species, and they're a boon for tourism, Robinson said. They're also "magical" creatures that people feel connected to, she said, and they remain vulnerable after many species were hunted to the brink of extinction. This report by The Canadian Press was first published Nov. 22, 2024. Brenna Owen, The Canadian PressPresident-elect Trump wants to again rename North America’s tallest peak
Canada Post strike gridlock: Management says union proposal would add $2.9 billion to costsSHENZHEN, China , Nov. 26, 2024 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company" or "we"), a leading online personal finance company in China , today announced its unaudited financial results for the third quarter ended September 30, 2024 . Third Quarter 2024 Operational Highlights Three Months Ended September 30, 2023 Three Months Ended June 30, 2024 Three Months Ended September 30, 2024 QoQ YoY Total loan amount facilitated and originated (RMB in million) 29,462 22,749 28,338 24.6 % (3.8 %) Number of active borrowers 1,809,815 1,642,605 1,965,248 19.6 % 8.6 % As of September 30, 2023 As of June 30, 2024 As of September 30, 2024 Total outstanding loan balance (RMB in million) 49,685 41,804 45,766 Delinquency rates for all outstanding loans that are past due for 31-60 days 1.11 % 1.29 % 1.02 % Delinquency rates for all outstanding loans that are past due for 91-180 days 2.50 % 4.38 % 3.22 % [1] Represents the total amount of loans that the Company facilitated and originated during the relevant period. [2] Represents borrowers who made at least one transaction on the Company's platform during the relevant period. [3] Represents the total amount of loans outstanding for loans that the Company facilitated and originated at the end of the relevant period. Loans that are delinquent for more than 60 days are excluded in the outstanding loan balance, except for Xiaoying Housing Loans. As Xiaoying Housing Loans is a secured loan product and the Company is entitled to payment by exercising its rights to the collateral, the Company does not exclude Xiaoying Housing Loans delinquent for more than 60 days in the outstanding loan balance. [4] Represents the balance of the outstanding principal and accrued outstanding interest for Xiaoying Credit Loans that were 31 to 60 days past due as a percentage of the total balance of outstanding principal and accrued outstanding interest for Xiaoying Credit Loans that the Company facilitated and originated as of a specific date. Xiaoying Credit Loans that are delinquent for more than 60 days are excluded when calculating the denominator. Starting from the first quarter of 2021, substantially all of the loans facilitated and originated by the Company have been Xiaoying Credit Loans. [5] To make the delinquency rate by balance comparable to the peers, the Company also defines the delinquency rate as the balance of the outstanding principal and accrued outstanding interest for Xiaoying Credit Loans that were 91 to 180 days past due as a percentage of the total balance of outstanding principal and accrued outstanding interest for the Xiaoying Credit Loans that the Company facilitated and originated as of a specific date. Xiaoying Credit Loans that are delinquent for more than 180 days are excluded when calculating the denominator. Third Quarter 2024 Financial Highlights (In thousands, except for share and per share data) Three Months Ended September 30, 2023 Three Months Ended June 30, 2024 Three Months Ended September 30, 2024 QoQ YoY RMB RMB RMB Total net revenue 1,396,864 1,372,588 1,582,497 15.3 % 13.3 % Total operating costs and expenses (961,852) (909,535) (1,073,533) 18.0 % 11.6 % Income from operations 435,012 463,053 508,964 9.9 % 17.0 % Net income 347,190 415,303 375,840 (9.5 %) 8.3 % Non-GAAP adjusted net income 374,507 374,661 433,625 15.7 % 15.8 % Net income per ADS—basic 7.26 8.46 7.86 (7.1 %) 8.3 % Net income per ADS—diluted 7.02 8.28 7.74 (6.5 %) 10.3 % Non-GAAP adjusted net income per ADS—basic 7.80 7.62 9.12 19.7 % 16.9 % Non-GAAP adjusted net income per ADS—diluted 7.56 7.50 8.88 18.4 % 17.5 % [6] The Company uses in this press release the following non-GAAP financial measures: (i) adjusted net income (loss), (ii) adjusted net income (loss) per basic ADS, (iii) adjusted net income (loss) per diluted ADS, (iv) adjusted net income per basic share, and (v) adjusted net income per diluted share, each of which excludes share-based compensation expense, impairment losses on financial investments, income (loss) from financial investments and impairment losses on long-term investments. For more information on non-GAAP financial measure, please see the section of "Use of Non-GAAP Financial Measures Statement" and the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release. [7] Each American depositary share ("ADS") represents six Class A ordinary shares. Mr. Kent Li , President of the Company, commented, "We are pleased to report another strong quarter, with loan volumes exceeding our forecast and a significant sequential improvement in asset quality. In the third quarter, we continued to promptly adjust loan volumes based on risk levels. As asset quality improved, we further intensified our borrower acquisition efforts, which have yielded very positive results. Both the top and bottom lines continued to grow year-over-year. Non-GAAP adjusted net income reached a new record high." "Specifically on the operational front, our total loan amount facilitated and originated was down 4% year-on-year but up 25% sequentially to RMB28 billion , above the high end of our guidance. Delinquency rates for all outstanding loans past due for 31-60 days and 91-180 days were 1.02% and 3.22%, respectively, at the end of the quarter, compared to 1.29% and 4.38% a quarter ago and 1.11% and 2.50% a year ago. We are pleased with these improvements in asset quality and will continue to optimize our risk management system through advanced technology." "In September this year, the Chinese government unveiled a comprehensive stimulus package aimed at improving liquidity, boosting the property market, stabilizing financial markets and stimulating consumption. We expect this will provide a meaningful boost to the macroeconomic recovery. As an integral part of the economy, the personal finance market we serve should benefit from this upturn. We have already observed positive signs in the market and are committed to adjusting loan volumes in line with risk levels. As a result of this favorable environment, we are raising our guidance and expect our monthly loan volume to exceed RMB10 billion in the fourth quarter, setting a new record." Mr. Frank Fuya Zheng , Chief Financial Officer of the Company, added, "I'm pleased to report that our strategy of balancing business growth and profitability continued to pay off. Total net revenue was RMB1.6 billion , up 13% year-on-year and 15% sequentially, while non-GAAP adjusted net income reached a record high of RMB434 million , up 16% year-on-year and sequentially. As we continue to deliver strong profitability and execute on our proven strategy, we have full confidence in our future. We will continue to execute our semi-annual dividend policy and explore opportunities under our share repurchase program to return more value to our shareholders over the long term." Third Quarter 2024 Financial Results Total net revenue in the third quarter of 2024 increased by 13.3% to RMB1,582 .5 million ( US$225 .5 million) from RMB1,396.9 million in the same period of 2023, primarily due to growth in various disaggregated revenue items compared with the same period of 2023. Please refer to analysis of disaggregation of revenue below. Three Months Ended September 30, (In thousands, except for share and per share data) 2023 2024 YoY RMB % of Revenue RMB % of Revenue Loan facilitation service 829,385 59.4 % 878,282 55.5 % 5.9 % Post-origination service 168,186 12.0 % 186,109 11.8 % 10.7 % Financing income 300,950 21.5 % 335,765 21.2 % 11.6 % Guarantee income 7,920 0.6 % 53,576 3.4 % 576.5 % Other revenue 90,423 6.5 % 128,765 8.1 % 42.4 % Total net revenue 1,396,864 100.0 % 1,582,497 100.0 % 13.3 % Loan facilitation service fees in the third quarter of 2024 increased by 5.9% to RMB878 .3 million ( US$125 .2 million) from RMB829 .4 million in the same period of 2023, primarily due to a decrease in the expected prepayment rates this quarter compared with the same period of 2023. Post-origination service fees in the third quarter of 2024 increased by 10.7% to RMB186 .1 million ( US$26 .5 million) from RMB168 .2 million in the same period of 2023, primarily due to the cumulative effect of increased volume of loans facilitated in the previous quarters. Revenues from post-origination services are recognized on a straight-line basis over the term of the underlying loans as the services are being provided. Financing income in the third quarter of 2024 increased by 11.6% to RMB335 .8 million ( US$47 .8 million) from RMB301 .0 million in the same period of 2023, primarily due to an increase in average loan receivables held by the Company compared with the same period of 2023. Guarantee income in the third quarter of 2024 was RMB53.6 million ( US$7.6 million ), compared with RMB7.9 million in the same period of 2023, due to the cumulative effect of increased volume of loans facilitated covered by guarantee service in the previous quarters compared with the same period of 2023. Revenues from guarantee service are recognized systematically when the Company released from the underlying risk. Other revenue in the third quarter of 2024 increased by 42.4% to RMB128.8 million ( US$18.3 million ), compared with RMB90.4 million in the same period of 2023, primarily due to an increase in referral service fee for introducing borrowers to other platforms. Origination and servicing expenses in the third quarter of 2024 increased by 13.6% to RMB457 .5 million ( US$65 .2 million) from RMB402 .9 million in the same period of 2023, primarily due to the increase in collection expenses resulting from the cumulative effect of increased volume of loans facilitated and originated in the previous quarters compared with the same period of 2023. Borrower acquisitions and marketing expenses in the third quarter of 2024 increased by 20.7% to RMB506 .8 million ( US$72 .2 million) from RMB419 .9 million in the same period of 2023, primarily due to intensified efforts in borrower acquisitions compared with the same period of 2023. Reversal of provision for loans receivable in the third quarter of 2024 was RMB35 thousand ( US$5 thousand ), compared with provision for loans receivable of RMB53.9 million in the same period of 2023, primarily due to a decrease in the average estimated default rate compared with the same period of 2023, and partially offset by an increase in loans receivable held by the Company as a result of the cumulative effect of increased volume of loans facilitated and originated in the previous quarters compared with the same period of 2023. Provision for contingent guarantee liabilities in the third quarter of 2024 was RMB56.4 million ( US$8.0 million ), compared with RMB41.6 million in the same period of 2023, primarily due to an increase in guarantee liabilities held by the Company as a result of the increased volume of loans facilitated covered by the guarantee service this quarter compared with the same period of 2023. Income from operations in the third quarter of 2024 was RMB509 .0 million ( US$72 .5 million), compared with RMB435 .0 million in the same period of 2023. Income before income taxes and gain from equity in affiliates in the third quarter of 2024 was RMB473 .5 million ( US$67 .5 million), compared with RMB417 .5 million in the same period of 2023. Income tax expense in the third quarter of 2024 was RMB100.3 million ( US$14.3 million ), compared with RMB74.2 million in the same period of 2023. Net income in the third quarter of 2024 was RMB375 .8 million ( US$53 .6 million), compared with RMB347 .2 million in the same period of 2023. Non-GAAP adjusted net income in the third quarter of 2024 was RMB433.6 million ( US$61.8 million ), compared with RMB374.5 million in the same period of 2023. Net income per basic and diluted ADS in the third quarter of 2024 was RMB7 .86 (US$1.12), and RMB7 .74 (US$1.10), compared with RMB7 .26 and RMB7.02 , respectively, in the same period of 2023. Non-GAAP adjusted net income per basic and diluted ADS in the third quarter of 2024 was RMB9 .12 (US$1.30), and RMB8 .88 (US$1.27), compared with RMB7 .80 and RMB7 .56 respectively, in the same period of 2023. Cash and cash equivalents was RMB1,044 .1 million ( US$148 .8 million) as of September 30, 2024 , compared with RMB1,612.2 million as of June 30, 2024 . Recent Development Share Repurchase Plans On September 4, 2024 , the Company further extended the period of the US$30 million share repurchase program until March 31, 2026 . In the third quarter of 2024, the Company repurchased an aggregate of 1,689,722 Class A ordinary shares with 10,038 Class A ordinary shares represented by ADSs for a total consideration of approximately US$1.3 million . The Company has approximately US$4.1 million remaining for potential repurchases under its US$30 million share repurchase plan. As previously disclosed, on May 30, 2024 , the Company announced that its board of directors authorized a new US$20 million share repurchase plan, effective through November 30, 2025 . The Company completed a tender offer in July 2024 under the new share repurchase program, with a total repurchase amount of approximately US$9.2 million . The Company has approximately US$10.8 million remaining under its US$20 million plan. Business Outlook The Company expects the total loan amount facilitated and originated for the fourth quarter of 2024 to be between RMB30.0 billion and RMB31.0 billion . The total loan amount facilitated and originated for 2024 is expected to be between RMB102.6 billion and RMB103.6 billion . This forecast reflects the Company's current and preliminary views, which are subject to changes. Conference Call X Financial's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on November 27, 2024 ( 8:00 PM Beijing / Hong Kong Time on November 27, 2024 ). Dial-in details for the earnings conference call are as follows: United States: 1-888-346-8982 Hong Kong: 852-301-84992 Mainland China: 4001-201203 International: 1-412-902-4272 Passcode: X Financial Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call. A replay of the conference call may be accessed by phone at the following numbers until December 4, 2024 : United States: 1-877-344-7529 International: 1-412-317-0088 Passcode: 3088426 Additionally, a live and archived webcast of the conference call will be available at http://ir.xiaoyinggroup.com . About X Financial X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China . The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system. For more information, please visit: http://ir.xiaoyinggroup.com . Use of Non-GAAP Financial Measures Statement In evaluating our business, we consider and use non-GAAP measures as supplemental measures to review and assess our operating performance. We present the non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We believe that the use of the non-GAAP financial measures facilitates investors' assessment of our operating performance and help investors to identify underlying trends in our business that could otherwise be distorted by the effect of certain income or expenses that we include in income (loss) from operations and net income (loss). We also believe that the non-GAAP measures provide useful information about our core 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. We use in this press release the following non-GAAP financial measures: (i) adjusted net income (loss), (ii) adjusted net income (loss) per basic ADS, (iii) adjusted net income (loss) per diluted ADS, (iv) adjusted net income per basic share, and (v) adjusted net income per diluted share, each of which excludes share-based compensation expense, impairment losses on financial investments, income (loss) from financial investments and impairment losses on long-term investments. These non-GAAP financial measures have limitations as analytical tools, and when assessing our operating performance, investors should not consider them in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We mitigate these limitations by reconciling the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure. For more information on these non-GAAP financial measures, 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 specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB 7.0176 to US$1.00 , the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of September 30, 2024 . Disclaimer Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the followings: the Company's goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China ; the demand for and market acceptance of its marketplace's products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law. Use of Projections This announcement also contains certain financial forecasts (or guidance) with respect to the Company's projected financial results. The Company's independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections or guidance for the purpose of their inclusion in this announcement, and accordingly, they did not express an opinion or provide any other form assurance with respect thereto for the purpose of this announcement. This guidance should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of the Company, or that actual results will not differ materially from those set forth in the prospective financial information. Inclusion of the prospective financial information in this announcement should not be regarded as a representation by any person that the results contained in the prospective financial information will actually be achieved. You should review this information together with the Company's historical information. For more information, please contact: X Financial Mr. Frank Fuya Zheng E-mail: ir@xiaoying.com Christensen IR In China Mr. Rene Vanguestaine Phone: +86-178-1749 0483 E-mail: rene.vanguestaine@christensencomms.com In US Ms. Linda Bergkamp Phone: +1-480-614-3004 Email: linda.bergkamp@christensencomms.com X Financial Unaudited Condensed Consolidated Balance Sheets (In thousands, except for share and per share data) As of December 31, 2023 As of September 30, 2024 As of September 30, 2024 RMB RMB USD ASSETS Cash and cash equivalents 1,195,352 1,044,144 148,789 Restricted cash, net 749,070 489,372 69,735 Accounts receivable and contract assets, net 1,659,588 1,709,428 243,592 Loans receivable from Credit Loans and other loans, net 4,947,833 4,938,195 703,687 Deposits to institutional cooperators, net 1,702,472 1,739,539 247,882 Prepaid expenses and other current assets, net 48,767 40,824 5,817 Deferred tax assets, net 135,958 192,644 27,452 Long term investments 493,411 491,782 70,078 Property and equipment, net 8,642 11,566 1,648 Intangible assets, net 36,810 36,236 5,164 Loan receivable from Housing Loans, net 8,657 6,494 925 Financial investments 608,198 866,804 123,519 Other non-current assets 55,265 53,259 7,589 TOTAL ASSETS 11,650,023 11,620,287 1,655,877 LIABILITIES Payable to investors and institutional funding partners at amortized cost 3,584,041 2,406,552 342,931 Guarantee liabilities 61,907 102,638 14,626 Deferred guarantee income 46,597 106,054 15,113 Short-term borrowings 565,000 433,500 61,773 Accrued payroll and welfare 86,771 93,047 13,259 Other tax payable
Report: Syrian Rebels Execute Opponents, Impose Sharia, Threaten KurdsLISBON, Portugal (AP) — The goals are flying in again for Arsenal — and it just happens to coincide with the return from injury of Martin Odegaard. Make that eight goals in two games since the international break for Arsenal after its 5-1 hammering of Sporting Lisbon in the Champions League on Tuesday, tying the English team’s heaviest ever away win in the competition. Odegaard is back in Arsenal’s team after missing two months with an ankle injury . In that time, Mikel Arteta’s attack stuttered, with a 2-0 loss to Bournemouth and a 1-0 defeat at Newcastle dropping the Gunners well off the pace in the Premier League. There was also a 0-0 draw at Atalanta in the Champions League as well as a 1-0 loss to Inter Milan last month, when Odegaard made his comeback from injury as an 89th-minute substitute. Since then, Arsenal hasn’t lost and the goals have returned. After a 3-0 win over Nottingham Forest on Saturday came the cruise in Lisbon — and Odegaard was at the heart of everything as Sporting’s unbeaten start to the season came to an end. “He’s an unbelievable player,” Arsenal winger Bukayo Saka said of Odegaard. “The day he returned, there was a big smile on my face. You can see the chemistry we have. I hope he stays fit for the rest of the season.” Odegaard was involved in the build-up to Arsenal’s first two goals against Sporting — scored by Gabriel Martinelli and Kai Havertz — and was fouled to win the penalty converted by Saka in the 65th to restore Arsenal’s three-goal lead at 4-1. Odegaard was seen flexing his leg after that but continued untroubled and was substituted in the 78th minute. The last thing Arteta would want now is another injury to Odegaard as Arsenal attempts to reel in first-place Liverpool in the Premier League. Liverpool is already nine points ahead of fourth-place Arsenal after 12 games. AP soccer: https://apnews.com/hub/soccerTrump-Biden Transition Agreement: Unveiling the Path Forward
None
Verstappen captures 4th F1 championship after Mercedes sweep of Las Vegas Grand Prix LAS VEGAS (AP) — Max Verstappen cruised to a fourth consecutive Formula 1 championship Saturday night by finishing fifth in the Las Vegas Grand Prix. Verstappen needed only to finish ahead of Lando Norris of McLaren to give Red Bull a fourth straight driver championship. The Dutchman started fifth but was already up to second by the 10th lap around the street circuit that includes the famed Las Vegas Strip. Norris, who had to score at least three points more than Verstappen to extend the championship fight, finished sixth. Verstappen needed only to finish higher than Norris to win the title, which he did with two races remaining on the season. Dartmouth sorority, two members of fraternity face charges after student who attended party drowned HANOVER, N.H. (AP) — A sorority at Dartmouth College and two members of a fraternity faces charges related to the death of a student who drowned after attending an off-campus party. The Hanover, New Hampshire police department, where Dartmouth is located, said Friday that Alpha Phi was charged with one count of facilitating an underage alcohol house. Two members of the Beta Alpha Omega face a charge of providing alcohol to a person under 21. Won Jang, 20, of Middletown, Delaware, had attended an off-campus party in July hosted by Alpha Phi sorority. Police said the alcohol was provided by Beta Alpha Omega. Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona BARCELONA, Spain (AP) — Tens of thousands of Spaniards are marching in downtown Barcelona to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in Spanish reading “Fewer apartments for investing and more homes for living." The lack of affordable housing has become one of the leading concerns for the southern European Union country, mirroring the housing crunch across many parts of the world, including the United States. The average rent for Spain has doubled in the last decade. In cities like Barcelona, rental prices have also been driven up by short-term renters including tourists. Jason Kelce's wife announces she is pregnant with the couple's fourth child Former Philadelphia Eagles center Jason Kelce's wife is announcing she's pregnant with the couple's fourth child. Kylie Kelce posted a photo on Instagram on Friday of the couple's three young daughters reacting to the news. The oldest daughter, Wyatt, appears to be cupping her head in shock. The middle daughter, Ellioette, is smiling. The youngest, Bennett, is in tears. A caption attached to the photo reads: “I feel like we captured a very accurate representation of how each of the girls feel about getting another sister. At least Ellie, mom and dad are on the same page!” Israeli-Moldovan rabbi living in UAE is missing. Israeli officials fear he may have been kidnapped DUBAI, United Arab Emirates (AP) — An Israeli-Moldovan rabbi living in the United Arab Emirates has gone missing, with Israeli authorities raising the suspicion he may have been kidnapped as tensions remain high with Iran. The Israeli prime minister’s office said that Zvi Kogan has been missing since noon Thursday. It said that against the backdrop of information that this was a terrorist incident, an extensive investigation has been opened in the country. Emirati officials did not immediately respond to a request for comment Saturday. State-run media in the UAE, an autocratic federation of seven sheikhdoms on the Arabian Peninsula and home to Abu Dhabi and Dubai, did not immediately report the incident. Alyssa Nakken, first full-time female coach in MLB history, leaving Giants to join Guardians CLEVELAND (AP) — Alyssa Nakken, the first woman to coach in an MLB game, is leaving the San Francisco Giants to join the Cleveland Guardians. Nakken made history in 2022 when she took over as first-base coach following an ejection. A former college softball star at Sacramento State, Nakken joined the Giants in 2014 and was promoted to a spot on manager Gabe Kapler’s staff in 2020, becoming the majors’ first full-time female coach. Nakken has been hired as an assistant director within player development for the Guardians, who won the AL Central last season under first-year manager Stephen Vogt. Nakken, 34, will work with former Giants coaches Craig Albernaz and Kai Correa. Officer kills pet dog mistaken for a coyote in Massachusetts town. The owner says it was unnecessary An animal control officer shot and killed a pet dog in a Massachusetts town after mistaking it for a coyote in an incident local police are describing as a sad mix-up. Police in Northbridge, Massachusetts, say the shooting happened on Tuesday after police received a call of a report of a coyote in a residential backyard. Police say the animal control officer went into the woods to look for the coyote and found what they thought was the animal in a threatening position and shot it. The incident happened as communities around Massachusetts and the country have dealt with an uptick in interactions between coyotes and people. Kendrick Lamar surprises with new album 'GNX' LOS ANGELES (AP) — Kendrick Lamar gave music listeners an early holiday present with a new album. The Grammy winner released his sixth studio album “GNX” on Friday. The 12-track project is the rapper’s first release since 2022’s “Mr. Morale & The Big Steppers.” Lamar’s new album comes just months after his rap battle with Drake. The rap megastar will headline February's Apple Music Super Bowl Halftime Show in New Orleans. The 37-year-old has experienced massive success since his debut album “good kid, m.A.A.d city” in 2012. Since then, he’s accumulated 17 Grammy wins and became the first non-classical, non-jazz musician to win a Pulitzer Prize. NBA memo to players urges increased vigilance regarding home security following break-ins MIAMI (AP) — The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce. In a memo sent to team officials, a copy of which was obtained by The Associated Press, the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Michael B. Jordan uses timeout at women's college basketball game to sign smoldering photo LOS ANGELES (AP) — Snoop Dogg strolled in wearing a jacket with JuJu Watkins’ name and number on the front and back. Michael B. Jordan thrilled a USC female fan with an impromptu autograph during a timeout. The stars came out to the showdown between third-ranked Southern California and No. 6 Notre Dame. The Fighting Irish won 74-61 to remain undefeated in the nationally televised game. The woman held up a smoldering magazine photo of the actor and he indicated he'd sign it. With the arena DJ egging her on, she climbed out of the stands and met Jordan at his seat. He leaned in to ask her name, signed and they shared an embrace.
Austin Butler's Dramatic New Hair Transformation Will Have You BuzzingA season of protests, forfeits and lawsuits ended quietly Saturday on the volleyball court with San José State losing the Mountain West Conference women's tournament final to Colorado State. The loss deprived San José State from claiming the conference's automatic bid to the 64-team NCAA tournament, which could have extended the controversy centered on the team's transgender player. Instead, top-seeded Colorado State earned the automatic bid by winning in four sets. Fewer than 200 spectators attended the match at UNLV, and the fans were respectful, cheering every player during pregame introductions and during the action. Players encouraged one another throughout the match and exchanged hugs when it was over. The only bit of political activity came when Colorado State star player Malaya Jones and teammates Kennedy Stanford and Naeemah Weathers knelt during the national anthem. Colorado State coach Emily Kohan told reporters the players have knelt before matches since 2020. "They've knelt since their freshman year, when the Black Lives Matter movement was going on, and, in this program, we raise critical thinkers to make decisions for what's important to them," Kohan said. "And, for those three, they're Black players, and it's been important to them for five years. And they've stood their ground for saying that this is something that they believe in, and we've all supported them." The focus on volleyball and sportsmanship was a welcome departure from a roller-coaster season in which four Mountain West teams — Boise State, Wyoming, Utah State and Nevada-Reno — each chose to forfeit or cancel two conference matches to San José State. Boise State also forfeited its conference tournament semifinal match to the second-seeded Spartans, who had a first-round bye and only played one match in the tournament. The transgender player has been on the San José State roster for three seasons after transferring from a college on the East Coast, although this is the first season opponents have protested the player's participation. The player is not being named by The Los Angeles Times because they haven't publicly identified as transgender. The issue became public when San José State co-captain Brooke Slusser joined a lawsuit in September against the NCAA filed by former All-American swimmer and anti-trans-athlete activist Riley Gaines. The suit alleges that NCAA transgender eligibility policies violate Title IX and the 14th Amendment's Equal Protection Clause. Slusser alleges in the lawsuit that the inclusion of a transgender player poses an unfair advantage and safety hazards. The NCAA adopted new rules a year ago pertaining to transgender athletes, who must document sport-specific testosterone levels at the beginning of their season and again six months later. They also must document testosterone levels four weeks before championship selections. "We are steadfast in our support of transgender student-athletes and the fostering of fairness across college sports," said John DeGioia, chair of the NCAA board of governors and Georgetown president. "It is important that NCAA member schools, conferences and college athletes compete in an inclusive, fair, safe and respectful environment and can move forward with a clear understanding of the new policy." Nevertheless, the schools that forfeited volleyball matches have the backing of politicians in their states. Idaho's Republican Gov. Brad Little recently signed an executive order barring sports teams at Boise State and other public schools in the state from playing against teams with transgender athletes. San José State was left to piece together its season against opponents willing to play. Colorado State was one of those. "Our team played their hearts out today, the way they have done all season," San José State coach Todd Kress said in a statement after the conference tournament loss. "This has been one of the most difficult seasons I've ever experienced and I know this is true as well for many of our players and the staff who have been supporting us all along. Maintaining our focus on the court and ensuring the overall safety and well-being of my players amid the external noise have been my priorities." Slusser, San José State associate head coach Melissa Batie-Smoose and 10 other current and former players filed another lawsuit Nov. 13 aimed at having the transgender player removed ahead of the conference tournament, stating that her inclusion violated Title IX rights for gender equity in federally funded institutions. But a federal judge last Monday rejected the lawsuit, and a day later, another judge rejected Slusser's appeal. The transgender player took the court along with Slusser and San José State was defeated, ending a turbulent season that Kress said included attacks on social media. "Our team prepared and was ready to play each match according to established Mountain West and NCAA rules of play," Kress said in his statement. "We did not take away anyone's participation opportunities. Sadly, others who for years have played this same team without incident chose not to play us this season. "To be clear, we did not celebrate a single win by forfeiture. Instead, we braced for the fallout. Each forfeiture announcement unleashed appalling, hateful messages individuals chose to send directly to our student-athletes, our coaching staff, and many associated with our program." ©2024 Los Angeles Times. Visit latimes.com . Distributed by Tribune Content Agency, LLC.