360 Finance Inc - ADR

360 DigiTech, Inc. is a holding company, which engages in the provision of digital consumer finance platforms. It provides tailored online consumer finance products to prime, underserved borrowers funded primarily by its funding partners. The company proprietary technology platform supports full transaction lifecycle from credit application through settlement. The company was founded on July 25, 2016 and is headquartered in Shanghai, China.

Earnings data Q1 2021

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Earnings data Q3 2023

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360 Finance Inc reports resilient Q4 performance and eyes growth

360 Finance Inc navigated challenges in Q4 2022 to achieve positive performance and growth.
The company's strategic strengths include cost reduction, funding optimization, and regulatory compliance.
Opportunities lie in expanding user base, diversifying acquisition channels, and targeting SME segments.

360 Finance Inc reports robust Q1 performance and accelerates ABS issuance

360 Finance Inc delivered strong financial results in Q1 2023, showcasing growth in user connections, loan volume, and risk management improvements. The company's strategic initiatives to enhance customer acquisition, expand outreach, and strengthen SME borrower management position it for continued success. Opportunities lie in optimizing operations, leveraging partnerships, and advancing technological capabilities.

Qifu Technology excels in loan facilitation and user engagement strategies

Qifu Technology's Q2 2023 performance reflects strong growth in loan facilitation, user adoption, and operational efficiency, supported by strategic upgrades.
The company's strengths lie in effective growth strategies, enhanced user engagement, technology solutions progress, and shareholder value creation initiatives.
Challenges include risk management amidst growth, profitability maintenance, industry competition, and regulatory dynamics, requiring careful navigation.
Opportunities for Qifu Technology include continued user engagement enhancement, strategic partnerships, business expansion, and proactive risk management strategies.

360 Finance Inc reports solid Q3 performance amidst China's economic softening

360 Finance Inc delivered a resilient performance in Q3 2023, focusing on growth, risk management, and operational efficiency. While facing challenges in asset quality and market fluctuations, the company remains optimistic about future loan volume growth and enhancing user engagement. Strategic initiatives like the loyalty program and technology investments position 360 Finance Inc for long-term success.

360 Finance Inc reports strong Q4 earnings, eyes strategic growth

360 Finance Inc delivered robust financial performance in Q4 2023, emphasizing quality growth, operational efficiency, and strategic partnerships to drive revenue and net income growth.
While facing challenges in maintaining prudence and balancing growth with risk management, the company's optimized funding structure and asset allocation strategies position it well for future opportunities.
Strategic investments, a new share repurchase program, and a focus on customer loyalty and risk management present avenues for sustained growth and value creation in 2024.

360 Finance Inc reports robust Q1 earnings, eyes growth opportunities

360 Finance Inc delivered strong financial results in Q1 2024, showcasing growth in revenue, net income, and profitability metrics, outperforming industry peers.
The company's strategic initiatives to improve asset quality, enhance operational efficiency, and optimize risk metrics have positioned it for continued success and shareholder value creation.
While facing challenges in funding costs and market dynamics, 360 Finance Inc has opportunities to leverage its strengths in technology, asset quality, and financial management for sustained growth and performance.

Qifu Technology achieves record profitability in Q3 earnings call

Qifu Technology's Q3 performance reflects strong growth in profitability, user base, and operational efficiency.
The company's focus on technology and partnerships positions it well for future growth and innovation.
Challenges lie in maintaining profitability amidst economic uncertainties and effectively managing capital allocation.

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Qifu Technology. Inc. is a holding company, which engages in the provision of digital consumer finance platforms. It provides tailored online consumer finance products to prime, underserved borrowers funded primarily by its funding partners. The company's proprietary technology platform supports full transaction lifecycle from credit application through settlement. The company was founded on July 25, 2016 and is headquartered in Shanghai, China.

SHANGHAI, China, Aug.  17, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2020, before the open of U.S. markets on Monday, August 24, 2020.

360 Finance to Announce Second Quarter 2020 Unaudited Financial Results on August 24, 2020

SHANGHAI, China, Aug.  07, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 7/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai 200122, People’s Republic of China, on September 15, 2020 at 9:00 a.m. (Beijing time).

360 Finance, Inc. to Hold Extraordinary General Meeting on September 15, 2020

360 Finance, Not Just Because Ant Financial Is Going Public

SHANGHAI, China, July  12, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced the appointment of Mr. Alex Xu as the Chief Financial Officer of the Company in replacement of Mr. Jiang Wu, and the appointment of Mr. Jiang Wu as the Chief Strategy Officer of the Company, effective immediately. Upon taking the new position, Mr. Jiang Wu will focus on assisting the Chief Executive Officer of the Company in making mid to long-term strategic planning and in facilitating the comprehensive cooperation between the Company and its important ecosystem partners such as banks in strategic cooperation relationship with us.

360 Finance Announces Changes to Management

360 Finance (QFIN) saw a big move last session, as its shares jumped nearly 11% on the day, amid huge volumes.

360 Finance (QFIN) Surges: Stock Moves 10.9% Higher

The online lender has the necessary ingredients to be a winning stock in the long run.

Is 360 Finance a Good Stock to Consider Now?

BEIJING, June  29, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that it has been selected for the 2020 CB Insights China Fintech 50 List (the “List”). The List was released during the Future of Fintech China, a summit of China’s major financial institutions, promising fintech startups and active venture investors organized by CB Insights, a respected international market intelligence platform.

360 Finance Selected for the 2020 CB Insights China Fintech 50 List

Banking License Strengthens 360 Finance’s Position and Helps Diversify Company’s Ecosystem  Banking License Strengthens 360 Finance’s Position and Helps Diversify Company’s Ecosystem

360 Finance’s Affiliate Acquires 30% Stake in Kincheng Bank of Tianjin

BEIJING, June 3, 2020 /PRNewswire/ -- 360 Finance, Inc. (NASDAQ: QFIN) ("360 Finance" or the "Company"), a leading digital consumer finance platform, today announced that its mobile application "360 Jietiao" was among the first batch of financial services apps from 33 companies to...

360 Finance Among First Wave of Companies to Register its Financial Services App with China's NIFA

SHANGHAI, China, June  02, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that its fintech services application, 360 Jietiao, has received both the App Security Certification and the App Information Security Certification from China’s National Computer Virus Emergency Response Center (“CVERC”). Specifically, 360 Jietiao received a level 3 rating for both app privacy and data security, the highest level granted by the agency. CVERC is the official agency for anti-virus internet security and designated testing body for the “Special Crackdown on the Illegal Collection and Misuse of Personal Information by Apps” initiative by China’s Ministry of Public Security.

360 Finance Receives App Security and Information Security Certifications from China’s CVERC

360 Finance's (QFIN) CEO Wu Haisheng on Q1 2020 Results - Earnings Call Transcript

SHANGHAI, China, May  28, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that Mr. Dan Zhao has been appointed as a director on the board of directors of the Company (the “Board”), effective immediately.

360 Finance Announces Change to Board of Directors

SHANGHAI, China, May  28, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced its unaudited financial results for the first quarter ended March 31, 2020.

360 Finance Announces First Quarter 2020 Unaudited Financial Results

360 Finance Inc (QFIN) CEO Haisheng Wu on Q4 2019 Results - Earnings Call Transcript

SHANGHAI, China, March  27, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that Mr. Wei Liu, a member of the board of directors (the “Board”), has been appointed as the vice chairman of the Board, effective immediately, Mr. Jiang Wu, the chief financial officer the Company, has joined the Company’s Board as a director, effective immediately, and Ms. Fan Zhang has resigned from the Board due to personal reasons, effective from March 25, 2020.

360 Finance Announces  Change to Board of Directors

SHANGHAI, China, Feb.  28, 2020  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it has completed the issuance of RMB500 million asset-backed securities (“ABS”), which will be listed and begin trading on the Shenzhen Stock Exchange on February 28, 2020.

360 Finance Announces Completion of Issuance of RMB500 Million Asset-Backed Securities

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SHANGHAI, China, Dec.  11, 2019  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it was informed by Mr. Hongyi Zhou and certain management of the Company that they have reached an agreement with FountainVest Partners, pursuant to which they plan to jointly invest up to US$60 million to purchase QFIN shares in the next twelve months.

360 Finance Announces Investment Plan by Significant Shareholder and Certain Management Members

360 Finance: Hidden Treasure In A Turbulent Industry

Fundamentals remain solid following Q3 results.

360 Finance: Getting Warmed Up

360 Finance, Inc. (QFIN) CEO Haisheng Wu on Q3 2019 Results - Earnings Call Transcript

SHANGHAI, China, Nov.  27, 2019  (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that FountainVest Partners (“FountainVest”), through its investment arm Ruby Finance Investment Ltd., acquired an aggregate of 11,521,266 ADSs of the Company from certain holders of the Company’s ADSs, upon the completion of which, FountainVest became a significant shareholder of the Company and Mr. Eric Xiaohuan Chen, who was designated by FountainVest, was appointed to the Company’s board of directors (the “Board”) as a director, effective immediately.

360 Finance - Announces Change to Board of Directors

360 Finance, Inc. (QFIN) CEO Haisheng Wu on Q2 2019 Results - Earnings Call Transcript

A follow-on stock offering left the Chinese consumer finance platform reeling.

Why 360 Finance Stock Dropped 26.9% in June

News of a follow-on public offering was poorly received by investors.

News for 360 Finance Inc - ADR Stock (QFIN)