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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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Qifu Technology Announces Third Quarter 2023 Unaudited Financial Results

SHANGHAI, China, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2023, after U.S. markets close on Thursday, November 16, 2023.

Qifu Technology to Announce Third Quarter 2023 Unaudited Financial Results on November 16, 2023

Qifu Technology is a Chinese Credit-Tech firm that provides digital lending services to consumers and SMEs. Q2 2023 results showed a decline in revenue but an increase in net income, leading to a restrained stock market response. The company's long-term growth outlook is positive, with projections for the Chinese consumer credit tech market to grow.

Qifu Technology: China Could Surprise Us

Qifu Technology Inc. (NASDAQ:QFIN ) Q2 2023 Results Conference Call August 21, 2023 8:00 PM ET Company Participants Wu Haisheng - CEO & Director Alex Xu - CFO & Director Yan Zheng - Chief Risk Officer Conference Call Participants Alex Ye - UBS Frank Zheng - Credit Suisse Emma Xu - Bank of America Securities Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Qifu Technology Second Quarter 2023 Earnings Conference Call. [Operator Instructions] At this time, I'd like to turn the conference call over to Ms.

Qifu Technology Inc. (QFIN) Q2 2023 Earnings Call Transcript

SHANGHAI, China, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2023, and declared semi-annual dividend.

Qifu Technology Announces Second Quarter and Interim 2023 Unaudited Financial Results and Declares Semi-Annual Dividend

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The 3 Most Undervalued Financial Services Stocks to Buy Now: August 2023

SHANGHAI, China, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2023, after U.S. markets close on Monday, August 21, 2023.

Qifu Technology to Announce Second Quarter 2023 Unaudited Financial Results on August 21, 2023

Qifu Technology is an undervalued Credit-Tech player in China with a compelling growth story fueled by advanced technological credit assessment. Qifu Technology is well-positioned to capitalize on the growing Chinese fintech market, with the potential for multi-growth returns and sustained profitability. With a forward dividend yield of 4.08% and trading at a forward EV/EBITDA multiple of just 3.0x, the stock price offers an irresistible margin of safety for contrarian investors.

Undervalued And Underrated: How Qifu Technology Is A Compelling Story Of Profitable Growth

SHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that as part of the Company's continuous commitment to enhance shareholder value, its board of directors has approved a share repurchase plan, under which the Company may repurchase up to US$150 million worth of its American depositary shares or Class A ordinary shares over the next 12 months starting from June 20, 2023.

Qifu Technology Announces US$150 Million Share Repurchase Plan

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EPAM, KUBTY and QFIN have been added to the Zacks Rank #5 (Strong Sell) List on June 15, 2023.

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Qifu Technology, Inc. (NASDAQ:QFIN ) Q1 2023 Earnings Conference Call May 18, 2023 8:30 PM ET Company Participants Wu Haisheng - CEO & Director Alex Xu - CFO & Director Conference Call Participants Frank Zheng - Crédit Suisse Alex Ye - UBS Ran Xu - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by, and welcome to Qifu Technology's First Quarter 2023 Earnings Conference Call. [Operator Instructions].

Qifu Technology, Inc. (QFIN) Q1 2023 Earnings Call Transcript

SHANGHAI, China, May 18, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2023, and changes in dividend policy.

Qifu Technology Announces First Quarter 2023 Unaudited Financial Results and Changes in Dividend Policy

SHANGHAI, China, May 12, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will hold an annual general meeting of shareholders (the “AGM”) at 9:30 a.m. on June 30, 2023 (Beijing time) at the address of 13/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai 200122, People's Republic of China for the purposes of considering and, if thought fit, (i) re-appointing Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix their remuneration for the year ending December 31, 2023, (ii) re-electing Ms. Jiao Jiao as a director of the Company at this annual general meeting and retain office until her retirement pursuant to the Company's memorandum and articles of association, and (iii) re-electing Mr. Fan Zhao as a director of the Company at this annual general meeting and retain office until his retirement pursuant to the Company's memorandum and articles of association.

Qifu Technology to Hold Annual General Meeting on June 30, 2023

SHANGHAI, China, May 08, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2023, after U.S. markets close on Thursday, May 18, 2023.

Qifu Technology to Announce First Quarter 2023 Unaudited Financial Results on May 18, 2023

SHANGHAI, China, April 27, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today published its annual ESG report for 2022. The report demonstrates Qifu Technology's ESG-related guidelines, strategies and targets in 2022, highlighting the Company's efforts to environmental sustainability and social responsibility, the progress to improve corporate governance, and its ESG performance.

Qifu Technology Releases 2022 ESG Report

SHANGHAI, China, April 27, 2023 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission on April 27, 2023. The annual report can be accessed on the Company's investor relations website at ir.qifu.tech as well as the SEC's website at www.sec.gov . The Company will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

Qifu Technology Filed 2022 Annual Report on Form 20-F

SHANGHAI, China, March 31, 2023 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (NASDAQ: QFIN; HKEx: 3660) (“360 DigiTech” or the “Company”), a leading Credit-Tech platform in China, today announced that the following proposed resolutions submitted for shareholder approval have been adopted at its extraordinary general meeting of shareholders held today:

360 DigiTech Announces Results of Extraordinary General Meeting

QFIN is a strong value and growth play over the next 10 years. Growth will be driven by an expanding moat and macro tailwinds in the Chinese credit market.

360 DigiTech: China Is No Longer A Risk

360 DigiTech, Inc. (NASDAQ:QFIN ) Q4 2022 Earnings Conference Call March 10, 2023 7:30 AM ET Company Participants Karen Ji - Senior Director of Capital Market Wu Haisheng - Chief Executive Officer Alex Xu - Chief Financial Officer Zheng Yan - Chief Risk Officer Conference Call Participants Judy Zhang - Citi Research Yada Li - CICC Thomas Chong - Jefferies LLC Hans Fan - CLSA Alex Ye - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the 360 DigiTech Fourth Quarter and Full-Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

360 DigiTech, Inc. (QFIN) Q4 2022 Earnings Call Transcript

SHANGHAI, China, March 09, 2023 (GLOBE NEWSWIRE) -- DigiTech, Inc. (NASDAQ: QFIN; HKEX: 3660) (“360 DigiTech” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022, and declared quarterly dividend.

360 DigiTech Announces Fourth Quarter 2022 and Full Year 2022 Unaudited Financial Results and Declares Quarterly Dividend

360 DigiTech's share price jump and positive valuation re-rating in recent months have priced in favorable changes in the regulatory environment for Chinese fintech companies. QFIN will require some time to fully transition into a capital-light business model, so I don't expect a substantial re-rating of the stock's valuations to happen in the near future.

360 DigiTech: Still In Transition

SHANGHAI, China, Feb. 27, 2023 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (NASDAQ: QFIN) ("360 DigiTech" or the "Company"), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2022, after U.S. markets close on Thursday, March 9, 2023.

360 DigiTech to Announce Fourth Quarter and Full Year 2022 Unaudited Financial Results on March 9, 2023

SHANGHAI, China, Feb. 14, 2023 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (NASDAQ: QFIN; HKEx: 3660) (“360 DigiTech” or the “Company”), a leading Credit-Tech platform in China, today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 9:30 a.m. on March 31, 2023 (Beijing time) at the address of 13/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai 200122, People's Republic of China for the purposes of considering and, if thought fit, (i) changing the Company's English name from “360 DigiTech, Inc.” to “Qifu Technology, Inc.” and adopting the Company's Chinese name “奇富科技股份有限公司” as the dual foreign name of the Company, (ii) varying and amending the Company's authorized share capital, and (iii) adopting an amended and restated memorandum and articles of association of the Company. The proposed change of the Company's English name and the adoption of the dual foreign name of the Company will not affect any rights of shareholders or the Company's operations and financial position.

360 DigiTech to Hold Extraordinary General Meeting on March 31, 2023

SHANGHAI, China, Jan. 20, 2023 (GLOBE NEWSWIRE) -- 360 DigiTech, Inc. (NASDAQ: QFIN) (“360 DigiTech” or the “Company”), a leading Credit-Tech platform in China, today announced Mr. Yongjin Fu has tendered his resignation as a director of the Company for personal reasons, effective as of January 20, 2023. The board of directors of the Company (the “Board”) has approved the appointment of Mr. Fan Zhao as an independent director of the Company, effective immediately. Mr. Fan Zhao will also serve on the audit committee of the Board as its member. In addition, the Board has approved the appointment of Mr. Gang Xiao as the chairperson of the audit committee of the Board, effective immediately.

News for 360 Finance Inc - ADR Stock (QFIN)