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Qifu Technology, Inc. American Depositary Shares - $QFIN STOCK NEWS

Welcome to our dedicated page for Qifu Technology American Depositary Shares news (Ticker: $QFIN), a resource for investors and traders seeking the latest updates and insights on Qifu Technology American Depositary Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Qifu Technology American Depositary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Qifu Technology American Depositary Shares's position in the market.

News
Rhea-AI Summary
Qifu Technology, Inc. releases its 2023 ESG report showcasing its commitment to environmental sustainability, social responsibility, and corporate governance. The report outlines the company's strategies and targets for 2023, emphasizing its efforts to provide inclusive financial services through technology empowerments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
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none
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Rhea-AI Summary
Qifu Technology, Inc. filed its 2023 annual report on Form 20-F, showcasing its financial performance and operations for the year. The report is available on the company's investor relations website and the SEC's website. Qifu Technology also released a Hong Kong annual report with similar information. Shareholders and ADS holders can request a free hard copy of the report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
-
Rhea-AI Summary
Qifu Technology, Inc. announces updates on its share repurchase plans, including the utilization of $150 million for the 2023 Share Repurchase Plan by purchasing 9,348,543 ADSs at an average price of $16.02 per ADS. The Company has approved a new 2024 Share Repurchase Plan to repurchase up to $350 million worth of its shares over the next 12 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
Tags
buyback
Rhea-AI Summary
Qifu Technology, Inc. (QFIN) announces strong financial results for Q4 and full year 2023, with total facilitation and origination loan volume of RMB475.8 billion. The company reported net income of RMB4.3 billion and non-GAAP net income of RMB4.5 billion. They also declared an estimated US$170 million cash dividends for 2023 and a new US$350 million share repurchase plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.64%
Tags
buyback dividends earnings
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Rhea-AI Summary
Qifu Technology, a leading Credit-Tech platform in China, will report its unaudited financial results for Q4 and full year 2023 on March 12, 2024. The earnings conference call will be hosted by the management team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
-
Rhea-AI Summary
Leapstack, an insurtech company, secured 200 million RMB yuan in Series C+ Funding, led by Qiming Venture Partners, with participation from Soochow Yihe Capital and existing shareholder Legend Capital. The company specializes in digital solutions for medical insurance, catering to various enterprises. The Chinese health insurance market is growing, driving the need for digital services. Leapstack is dedicated to digital transformation and cost control, offering intelligent audit systems and digital platforms for commercial insurance. It has been actively involved in government-led medical insurance supervision programs and is expanding internationally. Leapstack aims to become a world-class technology platform for insurance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
Rhea-AI Summary
Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) announces unaudited financial results for Q3 2023, revealing a 12.0% increase in connected financial institutional partners and 227.9 million consumers. The company saw a rise in cumulative users with approved credit lines, cumulative borrowers with successful drawdown, and loans originated by financial institutions. Total net revenue was RMB4,281.0 million (US$586.8 million), with an operating margin of 32.4% and a non-GAAP operating margin of 33.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.91%
Tags
-
Rhea-AI Summary
Qifu Technology, a leading Credit-Tech platform in China, will report its unaudited financial results for Q3 2023 on November 16, 2023. The earnings conference call will be held at 7:30 PM ET on the same day. Participants must pre-register online to join the call. A live and archived webcast will be available on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
-
Rhea-AI Summary
Qifu Technology announces Q2 2023 financial results, with total net revenue of RMB3,914.3 million. Loan volume grew by 26.4% YoY, reaching RMB124.2 billion. 58% of loans were facilitated under the capital-light model. Net income was RMB1,093.4 million. Company maintains strong financial position with RMB8.5 billion in cash and cash equivalents. Declares semi-annual dividend. Overall risk metrics remained stable in Q2.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
dividends earnings
Rhea-AI Summary
Qifu Technology, a leading Credit-Tech platform in China, will report its Q2 2023 financial results on August 21, 2023. The earnings conference call will be held at 8:00 PM ET on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
Qifu Technology, Inc. American Depositary Shares

Nasdaq:QFIN

QFIN Rankings

QFIN Stock Data

3.03B
252.01M
0.84%
66.02%
Credit Card Issuing
Finance and Insurance
Link
United States of America
Shanghai

About QFIN

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