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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.
Qifu Technology has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the SEC, as of April 27, 2023. The report is accessible on the Company's investor relations website and the SEC's site. Additionally, the Company published its Hong Kong Annual Report, containing similar information, available on its website and the HKEx's site. Qifu Technology is a leading Credit-Tech platform in China, providing technology services to enhance loan lifecycle management for financial institutions and SMEs. The Company aims to make credit services more accessible through its innovative solutions.
360 DigiTech, Inc. (NASDAQ: QFIN) announced key resolutions adopted at its extraordinary general meeting. The company will change its English name to Qifu Technology, Inc. and adopt a dual foreign name. Additionally, it will reclassify all authorized Class B Ordinary Shares to Class A Ordinary Shares on a one-for-one basis, resulting in an authorized share capital of US$50,000 divided into 5 billion Class A Ordinary Shares. The company also plans to amend its Memorandum and Articles of Association. These changes aim to streamline operations and enhance market presence.
DigiTech, Inc. (NASDAQ: QFIN) reported its unaudited fourth quarter and full year financial results for 2022. The company facilitated RMB104.57 billion in loans, a 7.9% year-over-year increase. Total net revenue for Q4 2022 was RMB3.91 billion (US$566.4 million), down from RMB4.42 billion in Q4 2021. For the full year, net revenue was RMB16.55 billion (US$2.40 billion), steady compared to 2021. The company declared a quarterly dividend of US$0.08 per share. The CEO noted a solid performance amid macro challenges, with a focus on optimizing user quality and reducing risk exposure. The 2023 outlook suggests a loan facilitation volume between RMB455 billion and RMB495 billion, indicating growth potential of 10-20%.
360 DigiTech (NASDAQ: QFIN), a leading Credit-Tech platform in China, will announce its unaudited financial results for Q4 and the full year ending December 31, 2022, after U.S. markets close on March 9, 2023. The management will host an earnings conference call at 7:30 PM ET that day. Interested participants must preregister to obtain dial-in details. 360 DigiTech offers technology services to assist financial institutions and consumers in the loan lifecycle, focusing on accessibility and personalization. The company provides services from borrower acquisition to post-facilitation, aiming to enhance the credit service experience.
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