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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.
360 Finance (QFIN) reported strong financial results for Q2 2020, with total net revenue increasing by 50.0% to RMB3,340.1 million (US$472.8 million). Loan origination volume reached a record RMB58.9 billion, up 21.8% year-on-year. Notably, loan origination under the capital-light model surged by 282.3% to RMB14.6 billion. Net income rose 41.8% to RMB876.5 million (US$124.1 million). The company maintains a conservative outlook, projecting total loan origination for 2020 to be between RMB200 billion and RMB220 billion, reflecting ongoing regulatory changes.
360 Finance, Inc. (NASDAQ: QFIN), a digital consumer finance platform, will announce its unaudited financial results for Q2 2020 on August 24, 2020. The earnings call is scheduled for 8:00 AM U.S. Eastern Time. The company specializes in tailored online financing products for prime and underserved borrowers, supported by its partnerships and proprietary technology, enhancing borrower acquisition and retention. Forward-looking statements in the release indicate inherent risks and uncertainties that may affect future results.
360 Finance (NASDAQ: QFIN) announced an extraordinary general meeting (EGM) for shareholders on September 15, 2020, to consider changing its name to 360 DigiTech, Inc. The name change aims to reflect the company's evolving focus on technology-enabled services, aligning with its growth strategy. The record date for eligible shareholders is August 12, 2020. Shareholders can attend the EGM in person, while American depositary shares (ADS) holders must act through Bank of New York Mellon to vote. The notice of the EGM is available on the company’s website.
360 Finance (NASDAQ: QFIN) announced the appointment of Alex Xu as Chief Financial Officer, taking over from Jiang Wu, who becomes Chief Strategy Officer. This transition is aimed at enhancing the company's growth strategy and strengthening its organizational structure amidst market changes. Additionally, Yan Zheng and Zhiqiang He have been promoted to Chief Risk Officer and Senior Vice President, respectively. Xu brings extensive experience in finance, having held senior roles at multiple firms, which is expected to benefit 360 Finance in executing its strategic plans.
360 Finance, Inc. (NASDAQ: QFIN) has been recognized in the 2020 CB Insights China Fintech 50 List, reflecting its position as a leading digital consumer finance platform. The evaluation was based on the company's competitive strengths, market popularity, and partnerships. 360 Finance aims to enhance its fintech capabilities through advanced technology, ensuring tailored financial services. The list showcases 50 innovative Chinese fintech companies that are transforming the financial services industry, indicating the growing impact of Chinese fintech on global innovation.
360 Finance (NASDAQ: QFIN) has announced that its fintech service app, 360 Jietiao, received the App Security Certification and App Information Security Certification from China's CVERC, achieving a level 3 rating, the highest available. This recognition underscores the Company's commitment to user data privacy and security, crucial amid increasing regulatory scrutiny in China. The certifications enhance 360 Finance's competitive edge in compliance and reflect its investment in advanced technologies like artificial intelligence and federated learning for protecting user information.
360 Finance (NASDAQ: QFIN) has appointed Mr. Dan Zhao as a director on its board, effective immediately. Mr. Zhao brings significant experience, having served as vice president of 360 Group and previously as a senior manager at Alibaba Group. His educational background includes a bachelor’s in international enterprise management and a master’s in international business and economics. The company's chairman, Hongyi Zhou, believes Mr. Zhao's expertise will drive sustainable growth and enhance shareholder value for 360 Finance.
360 Finance (QFIN) reported significant growth for Q1 2020, with total loan origination volume of RMB51.77 billion, up 25.6% year-over-year. Total net revenue surged 58.4% to RMB3.18 billion, driven by increased credit services and a robust user base growth. The company’s net income reached RMB183.2 million, demonstrating its resilience amid COVID-19. Outstanding loan balances rose to RMB73.12 billion, and cumulative registered users increased by 49.0% to 141.63 million. The firm anticipates FY 2020 loan origination of RMB200 billion to RMB220 billion, reflecting a positive outlook.
360 Finance, Inc. (NASDAQ: QFIN) announced it will release its unaudited financial results for Q1 2020 on May 28, 2020, before U.S. market opening. A conference call is scheduled for 8:00 AM ET on the same day, with international dial-in options provided. The company, a leading digital consumer finance platform, aims to enhance borrower acquisition and retention through its proprietary technology and partnerships. It emphasizes risk management in delivering tailored online consumer finance products.
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