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.
360 DigiTech, Inc. (NASDAQ: QFIN) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report is accessible on their investor relations website, and hard copies are available upon request for shareholders and ADS holders. The company, a data-driven digital platform, enhances financial services through partnerships and standardized risk management solutions. For more details, shareholders can contact the company's investor relations representatives.
360 DigiTech (QFIN) reported strong fourth quarter and full year 2020 results, with total net revenue increasing by 39.0% to RMB3,337.5 million (US$511.5 million) from RMB2,400.9 million in Q4 2019. The company also saw a 180.3% increase in net income to RMB1,204.4 million (US$184.6 million). For the full year, total net revenue rose 47.1% to RMB13,564.0 million (US$2,078.8 million), despite regulatory challenges. Cumulative registered users reached 162.57 million, demonstrating 20.4% year-on-year growth, reflecting strong demand for its digital loan services.
360 DigiTech (NASDAQ: QFIN) will announce its unaudited financial results for the fourth quarter and full year ended December 31, 2020, after U.S. markets close on March 15, 2021. A conference call is scheduled for 9:00 PM U.S. Eastern Time on the same day. The Company, a data-driven digital platform for financial institutions, aims to improve customer acquisition and risk management through its technology solutions. Investors can access a live webcast and a replay of the call on the Company's Investor Relations website.
360 DigiTech (QFIN) announced its Q3 2020 results, highlighting a 43.4% revenue increase to RMB3,703.5 million and a net income rise of 67.9% to RMB1,231.7 million. Loan origination volume grew 17.9% year-over-year to RMB66,000 million, with capital-light model loans increasing 48.7%. The company reported 155.96 million registered users, a 23.8% increase, and a 90-day+ delinquency ratio of 1.96%. 360 DigiTech raised its total loan origination forecast for FY 2020 to RMB242-244 billion.
360 DigiTech (NASDAQ: QFIN) will release its unaudited financial results for Q3 on November 19, 2020. The earnings conference call is scheduled for the same day at 8:00 PM U.S. Eastern Time, with dial-in options available for international participants. The company, a digital platform powered by data and technology, provides financial institutions with targeted products and services to enhance customer engagement and risk management. Further details on their operational strategy and financial performance will be clarified during the earnings call.
On September 15, 2020, 360 Finance, Inc. (NASDAQ: QFIN) announced a name change to 360 DigiTech, Inc. following a special resolution adopted by shareholders. The name change takes effect immediately, with American depositary shares trading under the new name starting September 16, 2020. This change does not affect the company's ticker symbol. 360 DigiTech is a digital platform aimed at improving financial product offerings and risk management services in partnership with 360 Group.
360 Finance (NASDAQ: QFIN) announced its affiliate, 360 Group, has secured approval from the China Banking and Insurance Regulatory Commission to acquire a 30% stake in Kincheng Bank of Tianjin. This acquisition positions 360 Group as the largest shareholder of Kincheng Bank, marking it as the third Chinese private bank supported by a major internet entity. The partnership aims to leverage data-driven technology for enhanced financial products and services, enabling both firms to meet diverse consumer needs effectively.
360 Finance (QFIN) reported strong financial results for Q2 2020, with total net revenue increasing by 50.0% to RMB3,340.1 million (US$472.8 million). Loan origination volume reached a record RMB58.9 billion, up 21.8% year-on-year. Notably, loan origination under the capital-light model surged by 282.3% to RMB14.6 billion. Net income rose 41.8% to RMB876.5 million (US$124.1 million). The company maintains a conservative outlook, projecting total loan origination for 2020 to be between RMB200 billion and RMB220 billion, reflecting ongoing regulatory changes.
360 Finance, Inc. (NASDAQ: QFIN), a digital consumer finance platform, will announce its unaudited financial results for Q2 2020 on August 24, 2020. The earnings call is scheduled for 8:00 AM U.S. Eastern Time. The company specializes in tailored online financing products for prime and underserved borrowers, supported by its partnerships and proprietary technology, enhancing borrower acquisition and retention. Forward-looking statements in the release indicate inherent risks and uncertainties that may affect future results.
360 Finance (NASDAQ: QFIN) announced an extraordinary general meeting (EGM) for shareholders on September 15, 2020, to consider changing its name to 360 DigiTech, Inc. The name change aims to reflect the company's evolving focus on technology-enabled services, aligning with its growth strategy. The record date for eligible shareholders is August 12, 2020. Shareholders can attend the EGM in person, while American depositary shares (ADS) holders must act through Bank of New York Mellon to vote. The notice of the EGM is available on the company’s website.