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, Inc. (QFIN) news covers developments from an AI-empowered Credit-Tech platform in China that serves the finance and insurance sector. The company, formerly known as Qifu Technology, Inc., regularly releases unaudited quarterly and interim financial results, business highlights, and operational metrics related to its loan facilitation activities and technology services for financial institutions, consumers, and SMEs.
News updates typically include details on the number of financial institutional partners connected to the platform, cumulative registered users, users with approved credit lines, and borrowers with successful drawdowns. Releases also discuss total facilitation and origination loan volume, outstanding loan balances, the share of business under capital-light models such as the Intelligence Credit Engine (ICE) and total technology solutions, and key risk indicators like 90 day+ delinquency rate, Day-1 delinquency rate, and 30-day collection rate.
Qfin Holdings’ announcements often feature commentary from management on macroeconomic conditions, regulatory changes in the consumer finance industry, funding conditions, and the company’s “AI + Finance” strategy. Investors can find information on capital markets activities such as asset-backed securities issuance, convertible notes offerings, and dividend decisions, as well as updates on business mix between capital-heavy credit driven services and capital-light platform services.
In addition to financial and operational news, the company reports on corporate governance events, including annual general meetings, auditor appointments, director elections, and its name change from Qifu Technology to Qfin Holdings. It also highlights recognition in external rankings and AI research achievements, such as the acceptance of its co-authored paper at IJCAI 2025. This news page provides a centralized view of these updates for those tracking QFIN’s corporate, financial, and technology-related developments.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading AI-empowered Credit-Tech platform in China, has scheduled the release of its unaudited financial results for Q1 2025 after U.S. markets close on May 19, 2025. The management team will host an earnings conference call at 8:30 PM U.S. Eastern Time on May 19, 2025 (8:30 AM Beijing Time on May 20, 2025). Participants must pre-register online for the conference call, and a live and archived webcast will be available on the company's investor relations website.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660) has successfully completed its offering of convertible senior notes worth US$690 million due 2030, including the full exercise of a US$90 million additional purchase option. The notes, offered to qualified institutional buyers under Rule 144A, will bear interest at 0.50% annually.
The company plans to use the proceeds for repurchasing ADSs and class A ordinary shares through a newly established March 2025 Share Repurchase Plan, supplementing their existing November 2024 plan. The initial conversion rate is 16.7475 ADSs per US$1,000 of notes, equivalent to US$59.71 per ADS.
The offering includes an immediate US$230 million ADS repurchase executed concurrently with the pricing, and is expected to be immediately accretive to 2025 earnings per ADS.
Qifu Technology (NASDAQ: QFIN) has announced the pricing of US$600 million convertible senior notes due 2030, with an option for purchasers to buy an additional US$90 million. The notes will bear a 0.50% annual interest rate and feature an initial conversion rate of 16.7475 ADSs per US$1,000, equivalent to US$59.71 per ADS.
The company plans to use the proceeds for a share repurchase program, including an immediate US$230 million Concurrent Repurchase of ADSs at US$44.23 per share. The notes will be convertible under specific conditions, with cash-par settlement upon conversion. The company will pay cash for the principal amount and may settle excess amounts in cash, ADSs, or a combination.
This offering, expected to close around March 27, 2025, is anticipated to be immediately accretive to 2025 earnings per ADS. The March 2025 Share Repurchase Plan will operate alongside the existing November 2024 repurchase plan.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading AI-empowered Credit-Tech platform in China, has published its 2024 ESG Report on March 25, 2025. The report outlines the company's ESG guidelines, strategies, and targets for 2024, showcasing their commitment to:
- Environmental sustainability
- Social responsibility
- Corporate governance improvements
The company reaffirms its mission to enable better lives through safe, convenient, and inclusive financial services, leveraging technology to empower financial institutions.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading AI-empowered Credit-Tech platform in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was filed with the U.S. Securities and Exchange Commission on March 25, 2025.
The annual report is accessible through the company's investor relations website at ir.qifu.tech and the SEC's website. Additionally, Qifu Technology has published a Hong Kong Annual Report in compliance with HKEx listing rules, containing substantially similar information as the Form 20-F. Both reports are available to shareholders, with hard copies provided upon request.
Qifu Technology (NASDAQ: QFIN) announced a proposed offering of US$600 million convertible senior notes due 2030, with an additional US$90 million option for initial purchasers. The notes will be offered exclusively to qualified institutional buyers under Rule 144A.
The company plans to use the proceeds for repurchasing American depositary shares (ADSs) and/or class A ordinary shares through a newly established March 2025 Share Repurchase Plan. The notes will mature on April 1, 2030, with holders having the option to require repurchase on April 3, 2028.
Key features include:
- Cash-par settlement upon conversion
- Company will pay cash for principal amount upon conversion
- Option to settle excess amounts in cash, ADSs, or combination
- Concurrent repurchase program to facilitate initial hedges
- Expected to be immediately accretive to 2025 earnings per ADS
Qifu Technology (NASDAQ: QFIN) has released its Q4 and full-year 2024 financial results. In Q4, the company achieved total net revenue of RMB4,482.3 million and net income of RMB1,912.7 million. The platform connected 162 financial partners and 261.2 million consumers, with cumulative borrowers reaching 34.4 million.
Key Q4 metrics include:
- Total loan facilitation volume: RMB89,885 million (+0.4% YoY)
- 90-day+ delinquency rate: 2.09%
- Repeat borrower contribution: 93.9%
For full-year 2024, total revenue reached RMB17,165.7 million, with net income of RMB6,248.1 million. The company's capital-light model, ICE, and technology solutions represented 58% of year-end loan balance, demonstrating strong platform services growth despite macro-economic challenges.
Qifu Technology (NASDAQ: QFIN; HKEx: 3660), a leading Credit-Tech platform in China, has scheduled the release of its unaudited financial results for the fourth quarter and full year 2024. The results will be announced before U.S. markets open on March 17, 2025.
The company's management team will host an earnings conference call at 7:30 AM U.S. Eastern Time (7:30 PM Beijing Time) on the same day. Participants must pre-register online to join the conference call. A live and archived webcast will be available on the company's Investor Relations website at ir.qifu.tech.
Qifu Technology (NASDAQ: QFIN) has provided updates on its share repurchase initiatives. The company has nearly completed its 2024 Share Repurchase Plan, having purchased 15,110,617 ADSs for US$349.99 million at an average price of US$23.14 per ADS. These shares will be cancelled according to applicable regulations.
Additionally, the Board has approved a new 2025 Share Repurchase Plan authorizing the repurchase of up to US$450 million worth of ADSs or Class A ordinary shares over 12 months starting January 1, 2025. The company has established a trading plan under Rule 10b5-1 to facilitate repurchases during the quarterly blackout period beginning January 2, 2025.
Qifu Technology (NASDAQ: QFIN) reported Q3 2024 financial results and announced a new US$450 million share repurchase plan for 2025. Key highlights include:
Total net revenue reached RMB4,370.2 million (US$622.7 million), with non-GAAP net income of RMB1,825.1 million (US$260.1 million). The company achieved a non-GAAP operating margin of 53.0% and non-GAAP net income margin of 41.8%. Total loan facilitation volume was RMB82,436 million, with 55.1% under capital-light model. The 90-day+ delinquency rate was 2.72%, and repeat borrower contribution reached 93.8%.
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