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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.
360 DigiTech, Inc. (NASDAQ: QFIN) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission on April 28, 2022. The report is accessible on the Company’s investor relations website and the SEC's website. 360 DigiTech provides a financial technology platform that enhances service delivery for financial institutions and offers SaaS risk management services to institutional clients, emphasizing customer acquisition and risk assessment.
360 DigiTech (QFIN) reported strong financial results for Q4 and full year 2021, showcasing a 32.5% increase in total net revenue to RMB4,422.1 million and a 22.6% rise for the full year to RMB16,635.6 million. Operational metrics also improved, with cumulative approved credit lines reaching 38.5 million, a 24.6% increase year-over-year. The company plans to facilitate RMB410 billion to RMB450 billion in loans for 2022, indicating a projected growth of 15% to 26%. A dividend of US$0.26 per ADS will be paid on May 13, 2022.
360 DigiTech, Inc. (NASDAQ: QFIN) will announce its unaudited financial results for Q4 and the full year ending December 31, 2021, after U.S. markets close on March 10, 2022. An earnings conference call is set for the same day at 7:30 PM ET (8:30 AM Beijing Time on March 11). Investors can access the call via phone or through a live webcast on the company's Investor Relations website. 360 DigiTech provides a financial technology platform that enhances the capabilities of financial institutions in China, helping to optimize customer acquisition and risk management.
360 DigiTech (QFIN) reported strong financial results for Q3 2021, showcasing significant growth across multiple metrics. Total net revenue increased by 24.6% to RMB4.61 billion (US$715.9 million) from RMB3.70 billion in Q3 2020. Net income rose by 27.0% to RMB1.56 billion (US$242.7 million), with a net income margin of 33.9%. The company reported a record 47.9% increase in loan origination, totaling RMB97.6 billion.
Additionally, 360 DigiTech announced a quarterly dividend of US$0.14 per ordinary share and upwardly revised its 2021 loan facilitation guidance to RMB350 billion-RMB360 billion.
360 DigiTech (NASDAQ: QFIN) will report its third-quarter 2021 financial results on November 15, 2021, after U.S. markets close. The earnings conference call is scheduled for 7:00 PM ET the same day. Investors can access a live webcast via the Company’s investor relations website. The Shanghai-based company specializes in providing financial technology solutions to facilitate better product offerings for financial institutions and enhance customer management.
360 DigiTech (QFIN) reported strong financial results for Q2 2021, with total net revenue of RMB4,001.6 million (US$619.8 million), a 19.8% increase from a year ago. Net income surged 76.6% to RMB1,547.9 million (US$239.7 million). The company facilitated loans totaling RMB88.5 billion, marking a 50.2% year-on-year growth. Additionally, the capital-light model loans increased significantly by 213.3%. As of June 30, 2021, the cumulative users with approved credit lines reached 34.7 million, up 25.3%. The outlook remains positive with expected loan facilitation between RMB340 billion and RMB350 billion for 2021.
360 DigiTech (QFIN) announced the restoration of its 360 Jietiao app to app stores after it was temporarily suspended by the Cyberspace Administration of China in July for product optimization and user privacy enhancements. The company reassured that the suspension of new downloads did not have a material adverse impact on its operations. With its data-driven technology platform, 360 DigiTech continues to enable financial institutions to enhance their offerings and risk management services, supporting broader consumer access to financial products.
360 DigiTech (NASDAQ: QFIN) will report its unaudited financial results for Q2 2021 on August 19, 2021, after U.S. markets close. The earnings call is scheduled for 8:30 PM Eastern Time on the same day. The company, a data-driven digital platform, works with financial institutions to enhance customer acquisition and provide targeted services. The press release also includes a safe harbor statement regarding forward-looking statements related to potential risks and uncertainties in their business outlook.
360 DigiTech (QFIN) reported strong Q1 2021 results, with total net revenue reaching RMB3,599.2 million, a 13.1% increase year-over-year. The company facilitated loans totaling RMB74.1 billion, marking a 40.4% rise compared to Q1 2020. Notably, the capital-light model contributed to over 50% of loans, signaling a strategic shift towards technology-driven operations. Net income surged by 635.4% to RMB1,347.2 million, with an operating margin of 43.3%. Looking ahead, Q2 2021 loan facilitation is expected between RMB85 billion and RMB87 billion, indicating continued strong momentum.
360 DigiTech, Inc. (NASDAQ: QFIN) announced its plan to report unaudited financial results for Q1 2021 after U.S. markets close on May 27, 2021. The earnings call is scheduled for 8:30 PM U.S. Eastern Time, where management will discuss financial performance and operational highlights. Investors can access a live and archived webcast on the Company's website. 360 DigiTech is a technology-driven digital platform facilitating financial institutions in delivering enhanced services and products to consumers while providing risk management solutions to institutional clients.
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