Qifu Technology Stock Price, News & Analysis

Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading AI-empowered Credit-Tech platform in China, has published its 2024 ESG Report on March 25, 2025. The report outlines the company's ESG guidelines, strategies, and targets for 2024, showcasing their commitment to:

• Environmental sustainability
• Social responsibility
• Corporate governance improvements

The company reaffirms its mission to enable better lives through safe, convenient, and inclusive financial services, leveraging technology to empower financial institutions.

Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading AI-empowered Credit-Tech platform in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was filed with the U.S. Securities and Exchange Commission on March 25, 2025.

The annual report is accessible through the company's investor relations website at ir.qifu.tech and the SEC's website. Additionally, Qifu Technology has published a Hong Kong Annual Report in compliance with HKEx listing rules, containing substantially similar information as the Form 20-F. Both reports are available to shareholders, with hard copies provided upon request.

Qifu Technology (NASDAQ: QFIN) announced a proposed offering of US$600 million convertible senior notes due 2030, with an additional US$90 million option for initial purchasers. The notes will be offered exclusively to qualified institutional buyers under Rule 144A.

The company plans to use the proceeds for repurchasing American depositary shares (ADSs) and/or class A ordinary shares through a newly established March 2025 Share Repurchase Plan. The notes will mature on April 1, 2030, with holders having the option to require repurchase on April 3, 2028.

Key features include:

• Cash-par settlement upon conversion
• Company will pay cash for principal amount upon conversion
• Option to settle excess amounts in cash, ADSs, or combination
• Concurrent repurchase program to facilitate initial hedges
• Expected to be immediately accretive to 2025 earnings per ADS

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.