Welcome to our dedicated page for Qifu Technology news (Ticker: QFIN), a resource for investors and traders seeking the latest updates and insights on Qifu Technology stock.
Qifu Technology, Inc. (QFIN) is a leading China-based Credit-Tech platform enabling financial institutions to deliver personalized credit solutions through advanced data analytics and machine learning. This page provides investors and industry professionals with a comprehensive repository of official company announcements, financial updates, and strategic developments.
Access real-time updates on QFIN's technology innovations, regulatory milestones, and market expansions. Key content includes quarterly earnings reports, partnership announcements, and operational updates detailing advancements in SME lending solutions and risk management systems. All materials are sourced directly from company filings and verified industry channels.
Bookmark this page to monitor Qifu Technology's progress in transforming credit accessibility across China's financial ecosystem. Regular updates ensure you stay informed about the company's role in bridging traditional banking services with fintech innovation.
Qifu Technology (NASDAQ: QFIN) has released its Q4 and full-year 2024 financial results. In Q4, the company achieved total net revenue of RMB4,482.3 million and net income of RMB1,912.7 million. The platform connected 162 financial partners and 261.2 million consumers, with cumulative borrowers reaching 34.4 million.
Key Q4 metrics include:
- Total loan facilitation volume: RMB89,885 million (+0.4% YoY)
- 90-day+ delinquency rate: 2.09%
- Repeat borrower contribution: 93.9%
For full-year 2024, total revenue reached RMB17,165.7 million, with net income of RMB6,248.1 million. The company's capital-light model, ICE, and technology solutions represented 58% of year-end loan balance, demonstrating strong platform services growth despite macro-economic challenges.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading Credit-Tech platform in China, has scheduled the release of its unaudited financial results for the fourth quarter and full year 2024. The results will be announced before U.S. markets open on March 17, 2025.
The company's management team will host an earnings conference call at 7:30 AM U.S. Eastern Time (7:30 PM Beijing Time) on the same day. Participants must pre-register online to join the conference call. A live and archived webcast will be available on the company's Investor Relations website at ir.qifu.tech.
Qifu Technology (NASDAQ: QFIN) has provided updates on its share repurchase initiatives. The company has nearly completed its 2024 Share Repurchase Plan, having purchased 15,110,617 ADSs for US$349.99 million at an average price of US$23.14 per ADS. These shares will be cancelled according to applicable regulations.
Additionally, the Board has approved a new 2025 Share Repurchase Plan authorizing the repurchase of up to US$450 million worth of ADSs or Class A ordinary shares over 12 months starting January 1, 2025. The company has established a trading plan under Rule 10b5-1 to facilitate repurchases during the quarterly blackout period beginning January 2, 2025.
Qifu Technology (NASDAQ: QFIN) reported Q3 2024 financial results and announced a new US$450 million share repurchase plan for 2025. Key highlights include:
Total net revenue reached RMB4,370.2 million (US$622.7 million), with non-GAAP net income of RMB1,825.1 million (US$260.1 million). The company achieved a non-GAAP operating margin of 53.0% and non-GAAP net income margin of 41.8%. Total loan facilitation volume was RMB82,436 million, with 55.1% under capital-light model. The 90-day+ delinquency rate was 2.72%, and repeat borrower contribution reached 93.8%.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading Credit-Tech platform in China, has scheduled its third quarter 2024 unaudited financial results announcement for November 19, 2024, after U.S. markets close. The management team will host an earnings conference call at 7:30 PM U.S. Eastern Time on the same day (8:30 AM Beijing Time on November 20, 2024). Participants must pre-register online to join the conference call, and a live and archived webcast will be available on the company's investor relations website.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660) has issued a response to a short seller report by Grizzly Research, stating that the report contains inaccurate information and misleading conclusions. The company refutes several key claims:
1. The financial data from SAMR filings cited in the report is incorrect. Qifu Technology provides accurate revenue and profit figures for 2022 and 2023.
2. Claims about the company's regional headquarters in Shanghai are false. Qifu Technology explains its joint venture and subsequent acquisition of equity interest.
3. Allegations of financial manipulation involving Shanghai Qibutianxia are unsubstantiated. The company clarifies its corporate structure and relationship with Shanghai Qibutianxia.
4. The report's analysis of delinquency rates and provisions is based on misunderstandings. Qifu Technology provides detailed explanations of its provision ratios and risk management approach.
Qifu Technology (NASDAQ: QFIN), a leading Credit-Tech platform in China, announced its unaudited financial results for Q2 2024, board changes, and a raised semi-annual dividend.
Business Highlights: The platform connected 247.6M consumers with credit needs (+12.2% YoY) and 160 financial institutional partners. Loan volume reached RMB95.4B (-23.2% YoY). Capital-light model loans accounted for 64.9% of total volume.
Financial Highlights: Total net revenue was RMB4.16B (+6.3% YoY) with a net income of RMB1.38B (+25.9% YoY). Non-GAAP income from operations was RMB2.02B with a 48.6% margin. Net income per ADS was RMB8.92.
Board Changes: Hongyi Zhou resigned as chairman. Fan Zhao appointed as the new chairman, and Xiangge Liu joined as an independent director.
Future Outlook: The company plans to continue disciplined risk management and optimize user acquisition strategies.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading Credit-Tech platform in China, has announced it will report its unaudited financial results for the second quarter ended June 30, 2024, after U.S. markets close on August 13, 2024. The company's management team will host an earnings conference call at 8:30 PM U.S. Eastern Time on the same day (8:30 AM Beijing Time on August 14, 2024).
Participants must pre-register online to join the conference call. Upon registration, they will receive dial-in numbers and a unique access PIN. A live and archived webcast of the call will be available on the Investor Relations section of Qifu Technology's website at ir.qifu.tech.
On June 27, 2024, Qifu Technology announced the results of its annual general meeting. Shareholders approved the re-appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the company's auditor. This appointment will last until the next annual general meeting, with the Board authorized to determine the auditor's remuneration for the fiscal year ending December 31, 2024.
Qifu Technology announced its unaudited financial results for Q1 2024. As of March 31, 2024, the company connected 159 financial partners and 241.4 million consumers, up 12.5% YoY. Cumulative borrowers increased to 31.2 million, up 12.6% YoY. Loan volume decreased by 9.3% to RMB99,237 million. Revenue rose to RMB4,153.2 million, a 15.4% increase. Net income grew to RMB1,160.1 million, up from RMB929.8 million last year. Operating margin improved to 32.8%, and net income per ADS increased to RMB7.30. The company launched a new share repurchase plan worth US$350 million. Despite economic headwinds, Qifu expects Q2 2024 net income between RMB1.17 billion and RMB1.23 billion.
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