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 reports developments as an AI-empowered Credit-Tech platform in China that connects financial institutions with consumers and SMEs across the loan lifecycle. Company updates commonly cover unaudited quarterly and annual financial results, loan facilitation and origination activity, capital-light services, Intelligence Credit Engine offerings, total technology solutions, embedded finance channels and funding activity such as asset-backed securities.
Recurring news also includes semi-annual dividend actions, annual report releases for U.S. and Hong Kong reporting, ESG reporting, annual general meeting results and governance changes. Updates frequently discuss credit risk, delinquency and collection trends, risk-standard adjustments, regulatory developments and liquidity conditions affecting consumer finance in China.
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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.
360 DigiTech has announced the pricing of its global offering of 5,540,000 Class A ordinary shares at HK$50.03 per share, translating to approximately US$12.75 per ADS. The shares are expected to trade on the Hong Kong Stock Exchange starting November 29, 2022. Gross proceeds from the offering are projected at HK$277.2 million, aimed at enhancing technology and credit assessment capabilities. Additionally, there is an over-allotment option for 830,000 shares until December 23, 2022. The offering is subject to standard closing conditions.
360 DigiTech (NASDAQ: QFIN), a leading Chinese Credit-Tech platform, announced its global offering of 5,540,000 Class A ordinary shares. This includes a Hong Kong public offering of 560,000 shares and an international offering of 4,980,000 shares. The shares will be listed on the Hong Kong Stock Exchange under the stock code 3660. The maximum offer price is HK$88.80 (US$11.31) per share. Proceeds will be utilized for technology enhancement, expanding user base, and general corporate purposes. The offering is subject to market conditions.