STOCK TITAN

Qifu Technology, Inc. American Depositary Shares - QFIN STOCK NEWS

Welcome to our dedicated page for Qifu Technology American Depositary Shares news (Ticker: QFIN), a resource for investors and traders seeking the latest updates and insights on Qifu Technology American Depositary Shares stock.

Qifu Technology Inc. (symbol: QFIN) is a leading Credit-Tech platform based in China. The company specializes in making credit services more accessible and personalized for both consumers and small-to-medium enterprises (SMEs). Through its advanced Credit-Tech services, Qifu Technology provides a suite of technology solutions to financial institutions, including borrower acquisition, preliminary credit assessment, fund matching, and post-facilitation services.

One of the company's core objectives is to assist financial institutions in identifying the diverse needs of consumers and SMEs. Using multi-channel strategies, Qifu helps financial institutions effectively access prospective borrowers who are creditworthy. Their technology solutions enhance credit assessment capabilities, manage credit risks, and optimize collection strategies to improve efficiency.

Qifu Technology has notable achievements and ongoing projects that demonstrate its commitment to innovation and growth in the Credit-Tech industry. The company has a solid financial foundation, supported by strategic partnerships with financial institutions. These collaborations enable Qifu to integrate its innovative technology solutions seamlessly, bringing significant benefits to all stakeholders involved.

The company is also active in the U.S. stock market, where it lists its American Depositary Shares (ADSs). Qifu Technology recently announced that the board of directors has set May 24, 2024, as the record date for its Class A ordinary shares. Shareholders of record as of this date are entitled to attend and vote at the Annual General Meeting (AGM).

For more detailed and updated information, including financial reports and strategic plans, visit the company’s official investor relations page.

News
Rhea-AI Summary
Qifu Technology, Inc. releases its 2023 ESG report showcasing its commitment to environmental sustainability, social responsibility, and corporate governance. The report outlines the company's strategies and targets for 2023, emphasizing its efforts to provide inclusive financial services through technology empowerments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
-
Rhea-AI Summary
Qifu Technology, Inc. filed its 2023 annual report on Form 20-F, showcasing its financial performance and operations for the year. The report is available on the company's investor relations website and the SEC's website. Qifu Technology also released a Hong Kong annual report with similar information. Shareholders and ADS holders can request a free hard copy of the report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
none
-
Rhea-AI Summary
Qifu Technology, Inc. announces updates on its share repurchase plans, including the utilization of $150 million for the 2023 Share Repurchase Plan by purchasing 9,348,543 ADSs at an average price of $16.02 per ADS. The Company has approved a new 2024 Share Repurchase Plan to repurchase up to $350 million worth of its shares over the next 12 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
Tags
buyback
Rhea-AI Summary
Qifu Technology, Inc. (QFIN) announces strong financial results for Q4 and full year 2023, with total facilitation and origination loan volume of RMB475.8 billion. The company reported net income of RMB4.3 billion and non-GAAP net income of RMB4.5 billion. They also declared an estimated US$170 million cash dividends for 2023 and a new US$350 million share repurchase plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.64%
Tags
buyback dividends earnings
-
Rhea-AI Summary
Qifu Technology, a leading Credit-Tech platform in China, will report its unaudited financial results for Q4 and full year 2023 on March 12, 2024. The earnings conference call will be hosted by the management team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
-
Rhea-AI Summary
Leapstack, an insurtech company, secured 200 million RMB yuan in Series C+ Funding, led by Qiming Venture Partners, with participation from Soochow Yihe Capital and existing shareholder Legend Capital. The company specializes in digital solutions for medical insurance, catering to various enterprises. The Chinese health insurance market is growing, driving the need for digital services. Leapstack is dedicated to digital transformation and cost control, offering intelligent audit systems and digital platforms for commercial insurance. It has been actively involved in government-led medical insurance supervision programs and is expanding internationally. Leapstack aims to become a world-class technology platform for insurance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
Rhea-AI Summary
Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) announces unaudited financial results for Q3 2023, revealing a 12.0% increase in connected financial institutional partners and 227.9 million consumers. The company saw a rise in cumulative users with approved credit lines, cumulative borrowers with successful drawdown, and loans originated by financial institutions. Total net revenue was RMB4,281.0 million (US$586.8 million), with an operating margin of 32.4% and a non-GAAP operating margin of 33.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.91%
Tags
-
Rhea-AI Summary
Qifu Technology, a leading Credit-Tech platform in China, will report its unaudited financial results for Q3 2023 on November 16, 2023. The earnings conference call will be held at 7:30 PM ET on the same day. Participants must pre-register online to join the call. A live and archived webcast will be available on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
-
Rhea-AI Summary
Qifu Technology announces Q2 2023 financial results, with total net revenue of RMB3,914.3 million. Loan volume grew by 26.4% YoY, reaching RMB124.2 billion. 58% of loans were facilitated under the capital-light model. Net income was RMB1,093.4 million. Company maintains strong financial position with RMB8.5 billion in cash and cash equivalents. Declares semi-annual dividend. Overall risk metrics remained stable in Q2.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
dividends earnings
Rhea-AI Summary
Qifu Technology, a leading Credit-Tech platform in China, will report its Q2 2023 financial results on August 21, 2023. The earnings conference call will be held at 8:00 PM ET on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags

FAQ

What is the current stock price of Qifu Technology American Depositary Shares (QFIN)?

The current stock price of Qifu Technology American Depositary Shares (QFIN) is $38.38 as of January 1, 2025.

What is the market cap of Qifu Technology American Depositary Shares (QFIN)?

The market cap of Qifu Technology American Depositary Shares (QFIN) is approximately 6.0B.

What does Qifu Technology Inc. do?

Qifu Technology Inc. is a Credit-Tech platform based in China that makes credit services more accessible and personalized for consumers and SMEs.

Where is Qifu Technology Inc. listed in the stock market?

Qifu Technology Inc. is listed in the U.S. stock market under the symbol QFIN.

What services does Qifu Technology provide?

Qifu Technology offers a range of services including borrower acquisition, preliminary credit assessment, fund matching, and post-facilitation services.

How does Qifu Technology help financial institutions?

Qifu Technology assists financial institutions by providing technology solutions that enhance credit assessments, manage credit risks, and improve collection strategies.

When is the record date for Qifu Technology's Class A ordinary shares?

The record date for Qifu Technology's Class A ordinary shares is May 24, 2024.

What is the significance of the record date?

The record date determines the shareholders who are entitled to attend and vote at the AGM.

Where can I find more information about Qifu Technology?

You can find more information on Qifu Technology’s official investor relations page at https://ir.qifu.tech.

Does Qifu Technology have any strategic partnerships?

Yes, Qifu Technology has strategic partnerships with various financial institutions to integrate its innovative technology solutions.

What is the mission of Qifu Technology?

The mission of Qifu Technology is to make credit services more accessible and personalized for consumers and SMEs through advanced Credit-Tech services.

Has Qifu Technology achieved any recent milestones?

Yes, Qifu Technology has multiple ongoing projects and notable achievements that highlight its commitment to innovation and growth in the Credit-Tech industry.
Qifu Technology, Inc. American Depositary Shares

Nasdaq:QFIN

QFIN Rankings

QFIN Stock Data

5.96B
153.67M
1.02%
69.3%
1.03%
Credit Services
Financial Services
Link
United States of America
Shanghai