Q2 2022 X Financial Earnings Call
Yeah.
Hello.
Hello.
Hum.
That makes sense.
Okay.
Hello, and welcome to the <unk> Financial's second quarter 2022 earnings Conference call.
All participants will be in a listen only mode.
During today's presentation there'll be an opportunity to ask the question.
Note. This event is being recorded.
I'd now like to turn the conference over to your tenure with please go ahead.
Thank you operator.
Hello, everyone and thank you for joining us today.
These results were released earlier today and are available on the company's IR website.
<unk> dot.
Dot com.
On the call today is Paul financial Mr. Kennedy.
And Mr. Ben Jackson, Chief Financial Officer.
Mr. Lee.
Brief ultimately will of the Companys business operations and highlights followed by Mr. Jin, We go through the financial.
We're all available to answer any question you lead the Q&A section.
I'll remind you that this call may contain forward looking statements under the safe Harbor provisions of the private Securities Litigation Reform Act of 1995.
Such statements are based on management's current expectations and current market and operating conditions and relate to events that you will no longer.
Thank you and other factors all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results performance or achievements to differ materially Guangdong walnuts.
Chorus call. Please hold and operator will be with you shortly.
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Yes.
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Welcome to chorus call. Please hold and operator will be with you shortly.
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Chorus call, which conference would you like to join.
Alrighty you might have your first and last name please.
Alrighty, and which company area with today.
Thank you very much I'm going to put you into that call just noted it's being recorded.
No problem.
Demand is strong how about the funding side of things are you seeing.
Maybe some easing of conditions, that's allowed you to lower your funding rate.
So we do see some lowering on the pumping rates and I think this is move.
We our assessment is that it probably will be temporary and short term lease.
<unk> spending for the second half of the year.
It's going to continue.
So our assessment is based on.
Our forecast is based on this assessment.
Okay. Thanks, and then lastly.
I think your tangible book value is.
Around 11, <unk> 40 per share.
What are your thoughts on the buyback I know you did some in the quarter, but do you view this as an opportunity to attractively.
Attractively buyback shares at a discount.
Ah, yes, without a question I'm going to leave that until our CFO .
Inc.
Okay.
Lat last open window, we bought it.
Luis David I bought about 100.
74000 shares something like that.
Because oh.
I wish I was intrigued by ethane late so we actually are.
You know maximize the all the allowed.
The relevant the Rus.
And we will continue to do that and we will.
Other ways to tie.
Sure.
If the opportunities arise.
Great. Thanks.
Again, if you have a question. Please press Star then one.
Please hold.
Yeah.
Please go ahead.
And then third question I would like to turn the conference back Palmer Senior Wang for any closing remarks. Please go ahead.
Thank you everyone for joining us on the call today, you probably haven't got a chance to raise your question it'll be please go out to them through the footwall context below.
Welcome speaking with you again in the near future.
You.
The conference has now concluded. Thank you for attending today's presentation you may now disconnect.
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Okay.
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Yes.
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