Welcome to our dedicated page for Qfin Holdings news (Ticker: QFIN), a resource for investors and traders seeking the latest updates and insights on Qfin Holdings stock.
Qfin Holdings, Inc. (QFIN) news covers developments from an AI-empowered Credit-Tech platform in China that serves the finance and insurance sector. The company, formerly known as Qifu Technology, Inc., regularly releases unaudited quarterly and interim financial results, business highlights, and operational metrics related to its loan facilitation activities and technology services for financial institutions, consumers, and SMEs.
News updates typically include details on the number of financial institutional partners connected to the platform, cumulative registered users, users with approved credit lines, and borrowers with successful drawdowns. Releases also discuss total facilitation and origination loan volume, outstanding loan balances, the share of business under capital-light models such as the Intelligence Credit Engine (ICE) and total technology solutions, and key risk indicators like 90 day+ delinquency rate, Day-1 delinquency rate, and 30-day collection rate.
Qfin Holdings’ announcements often feature commentary from management on macroeconomic conditions, regulatory changes in the consumer finance industry, funding conditions, and the company’s “AI + Finance” strategy. Investors can find information on capital markets activities such as asset-backed securities issuance, convertible notes offerings, and dividend decisions, as well as updates on business mix between capital-heavy credit driven services and capital-light platform services.
In addition to financial and operational news, the company reports on corporate governance events, including annual general meetings, auditor appointments, director elections, and its name change from Qifu Technology to Qfin Holdings. It also highlights recognition in external rankings and AI research achievements, such as the acceptance of its co-authored paper at IJCAI 2025. This news page provides a centralized view of these updates for those tracking QFIN’s corporate, financial, and technology-related developments.
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Qifu Technology has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the SEC, as of April 27, 2023. The report is accessible on the Company's investor relations website and the SEC's site. Additionally, the Company published its Hong Kong Annual Report, containing similar information, available on its website and the HKEx's site. Qifu Technology is a leading Credit-Tech platform in China, providing technology services to enhance loan lifecycle management for financial institutions and SMEs. The Company aims to make credit services more accessible through its innovative solutions.
360 DigiTech, Inc. (NASDAQ: QFIN) announced key resolutions adopted at its extraordinary general meeting. The company will change its English name to Qifu Technology, Inc. and adopt a dual foreign name. Additionally, it will reclassify all authorized Class B Ordinary Shares to Class A Ordinary Shares on a one-for-one basis, resulting in an authorized share capital of US$50,000 divided into 5 billion Class A Ordinary Shares. The company also plans to amend its Memorandum and Articles of Association. These changes aim to streamline operations and enhance market presence.
DigiTech, Inc. (NASDAQ: QFIN) reported its unaudited fourth quarter and full year financial results for 2022. The company facilitated RMB104.57 billion in loans, a 7.9% year-over-year increase. Total net revenue for Q4 2022 was RMB3.91 billion (US$566.4 million), down from RMB4.42 billion in Q4 2021. For the full year, net revenue was RMB16.55 billion (US$2.40 billion), steady compared to 2021. The company declared a quarterly dividend of US$0.08 per share. The CEO noted a solid performance amid macro challenges, with a focus on optimizing user quality and reducing risk exposure. The 2023 outlook suggests a loan facilitation volume between RMB455 billion and RMB495 billion, indicating growth potential of 10-20%.
360 DigiTech (NASDAQ: QFIN), a leading Credit-Tech platform in China, will announce its unaudited financial results for Q4 and the full year ending December 31, 2022, after U.S. markets close on March 9, 2023. The management will host an earnings conference call at 7:30 PM ET that day. Interested participants must preregister to obtain dial-in details. 360 DigiTech offers technology services to assist financial institutions and consumers in the loan lifecycle, focusing on accessibility and personalization. The company provides services from borrower acquisition to post-facilitation, aiming to enhance the credit service experience.
360 DigiTech announced an extraordinary general meeting of shareholders (EGM) set for March 31, 2023, at 9:30 a.m. Beijing time. The meeting will consider changing the company's English name to 'Qifu Technology, Inc.' and adopting a new Chinese name. Additionally, changes to the authorized share capital and updated memorandum and articles of association will be discussed. The proposed name change aims to align with the company’s strategic focus on innovation in Credit-Tech. Shareholders must hold their shares by February 28, 2023, to participate in the EGM.
360 DigiTech (NASDAQ: QFIN) announced the resignation of Mr. Yongjin Fu as director, effective January 20, 2023, for personal reasons. The Board has appointed Mr. Fan Zhao as an independent director and member of the audit committee, effective immediately. Mr. Zhao brings extensive experience, having founded Beijing Fengye Fanda Investment Advisory and serving in various leadership roles. CEO Haisheng Wu expressed gratitude for Fu's contributions and confidence in Zhao's ability to drive sustainable growth and shareholder value. Established in 2016, 360 DigiTech is a leading Credit-Tech platform in China, enhancing accessibility of credit services.