Financial Data and Key Metrics Changes - Total net revenue for Q3 was RMB 5.21 billion, slightly down from RMB 5.22 billion in Q2 but up from RMB 4.37 billion a year ago [16] - Non-GAAP net income reached RMB 1.51 billion in Q3, compared to RMB 1.85 billion in Q2 [21] - Non-GAAP net income per fully diluted ADS was RMB 11.36 in Q3, down from RMB 13.63 in Q2 [21] - The effective tax rate for Q3 was 20.9%, higher than the typical rate of approximately 15% due to withholding tax provisions [21] Business Line Data and Key Metrics Changes - Revenue from credit-driven services was RMB 3.87 billion in Q3, up from RMB 3.57 billion in Q2 [16] - Revenue from platform services was RMB 1.34 billion in Q3, down from RMB 1.65 billion in Q2 [17] - The average internal rate of return (IRR) of loans originated was 20.9% in Q3, compared to 21.4% in Q2 [17] Market Data and Key Metrics Changes - The number of new credit line users grew by 9% to 1.95 million in Q3, while the average cost per credit line user declined by 8% [8] - The 90-day delinquency rate increased to 2.09% in Q3 from 1.97% in Q2 [18] - The day-one delinquency rate rose to 5.5% in Q3 from 5.1% in Q2 [18] Company Strategy and Development Direction - The company aims to prioritize risk management and enhance AI capabilities to better serve inclusive finance needs [4] - The focus will be on high-quality customers and optimizing the user mix to improve unit economics and user lifetime value [9] - The company is exploring international opportunities and believes its fintech capabilities are among the best globally [14] Management's Comments on Operating Environment and Future Outlook - The management noted persistent headwinds in China's economy and consumer finance sector, with a decline in short-term consumer loans [4] - The company expects the new regulatory environment to impact market size, risk levels, and profitability in the near term but believes it will lead to a healthier competitive landscape in the long run [27] - For Q4, the company expects non-GAAP net income between RMB 1 billion and RMB 1.2 billion, reflecting a cautious approach due to economic uncertainty [23] Other Important Information - The company issued RMB 4.5 billion in asset-backed securities (ABS) during Q3, up 29% year-over-year [8] - Total cash and cash equivalents were RMB 14.35 billion in Q3, compared to RMB 13.34 billion in Q2, indicating a strong financial position [22] - The company has executed a share repurchase program, purchasing approximately 7.3 million ADSs for $281 million [23] Q&A Session Summary Question: Impact of new loan facilitation rules on business model and take rates - Management indicated that the new rules will require time for adjustment, impacting market size and profitability in the near term, but will lead to a healthier competitive environment in the long run [26][27] Question: Shareholder return and buyback plans - The company plans to resume its $450 million share repurchase program after the earnings call, with a focus on gradually increasing dividends [33][34] Question: Asset quality trends and expectations - Management noted early signs of stabilization in asset quality, with a focus on optimizing risk strategies and improving collection efficiency [39][43] Question: Implications of potential APR regulations - Management stated that while direct exposure to consumer finance companies is limited, there may be indirect impacts on liquidity and risk volatility, leading to adjustments in risk management [46][48] Question: Drivers behind technology solutions loan volume growth - The technology solutions business saw a 200% increase in loan volume due to ramping partnerships and expanding collaboration methods with financial institutions [52][55] Question: Capital heavy vs. capital light business mix outlook - The company anticipates a flexible adjustment in the mix between capital heavy and capital light businesses, with a potential shift towards more capital light in the short term [56][57]

Financial Data and Key Metrics Changes - Total net revenue for Q3 was RMB 5.21 billion, slightly down from RMB 5.22 billion in Q2 but up from RMB 4.37 billion a year ago [16] - Non-GAAP net income reached RMB 1.51 billion in Q3, compared to RMB 1.85 billion in Q2 [20] - Non-GAAP net income per fully diluted ADS was RMB 11.36 in Q3, down from RMB 13.63 in Q2 [20] - The effective tax rate for Q3 was 20.9%, higher than the typical rate of approximately 15% due to withholding tax provisions [20] Business Line Data and Key Metrics Changes - Revenue from credit-driven services was RMB 3.87 billion in Q3, up from RMB 3.57 billion in Q2 [16] - Revenue from platform services was RMB 1.34 billion in Q3, down from RMB 1.65 billion in Q2 [17] - The average internal rate of return (IRR) for loans originated was 20.9%, compared to 21.4% in Q2 [17] Market Data and Key Metrics Changes - The number of new credit line users grew by 9% to 1.95 million in Q3, while the average cost per credit line user declined by 8% [9] - The 90-day delinquency rate increased to 2.09% in Q3 from 1.97% in Q2 [18] - The day-one delinquency rate rose to 5.5% in Q3 from 5.1% in Q2 [18] Company Strategy and Development Direction - The company aims to prioritize risk management and enhance AI capabilities to better serve inclusive finance needs [4] - The focus will be on onboarding high-quality users and optimizing the overall user mix, supported by AI-driven data models [10] - The company is exploring international expansion opportunities while maintaining a commitment to shareholder returns [15] Management Comments on Operating Environment and Future Outlook - The management noted persistent headwinds in China's economy and consumer finance sector, with a decline in short-term consumer loans [4] - The company expects the competitive environment to become more sustainable and healthier in the long run due to regulatory changes [26] - For Q4, the company anticipates generating non-GAAP net income between RMB 1 billion and RMB 1.2 billion [23] Other Important Information - The company issued RMB 4.5 billion in asset-backed securities (ABS) during Q3, up 29% year-over-year [9] - The total cash and cash equivalents and short-term investments amounted to RMB 14.35 billion in Q3, compared to RMB 13.34 billion in Q2 [21] - The company has executed a share repurchase program, purchasing approximately 7.3 million ADSs for a total of $281 million [23] Q&A Session Summary Question: Impact of new loan facilitation rules on business model and take rates - Management indicated that the new rules will impact market size, risk levels, and profitability in the near term, but will lead to a healthier competitive environment in the long run [25][26] Question: Competitive landscape after loan facilitation rules - Management noted a major shakeout in the high-pricing segment, with expectations of reduced competition for traffic and potential market consolidation benefiting the company [28][29] Question: Shareholder return and buyback plans - Management confirmed the resumption of the share repurchase program after the earnings call, with a goal of gradually increasing dividend payouts [31][32] Question: Asset quality trends and expectations - Management observed early signs of stabilization in asset quality, with a focus on optimizing risk strategies and improving collection efficiency [33][34] Question: Implications of potential APR regulations - Management assessed that while direct impact from APR regulations is limited, there may be indirect effects leading to increased liquidity pressure and risk volatility [37][39]

November 2025 inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company's growth strategies, changes in laws, rules and regulatory environments, the recognition of the Company's brand, market acceptance of the Company's products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech ...

Qfin Holdings Inc. - Sponsored ADR (QFIN) came out with quarterly earnings of $1.52 per share, missing the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.52%. A quarter ago, it was expected that this company would post earnings of $1.79 per share when it actually produced earnings of $1.78, delivering a surprise of -0.56%.Over the last four qua ...

格隆汇11月19日丨奇富科技-S(03660.HK)发布公告，2025年第三季度，净收入总额为人民币52.057亿元 (7.312亿美元)，净利润为人民币14.325亿元(2.012亿美元)，非公认会计准则净利润为人民币15.082亿元 (2.119亿美元)。每股全面摊薄美国存托股("美国存托股")净收益为人民币10.80元(1.52美元)，每股全面 摊薄美国存托股非公认会计准则净收益为人民币11.36元(1.60美元)。 今年前三个季度，我们累计发行ABS近人民币189亿元，较去年同期增长超40%。尽管行业流动性有所 收紧，我们的综合资金成本仍保持在历史低位。为适应行业的动态变化，我们持续对业务结构进行一些 必要的调整。截至季度末，轻资产模式、ICE和全面技术解决方案的在贷余额占比约为48%。未来几个 季度，我们将持续推进业务结构调整，从而实现在新的运营环境下的业务结构最优化。鉴于宏观挑战和 不确定性依然存在，我们将继续保持核心业务的韧性。同时，行业的迅速变化也带来一定机遇，短期内 将促使我们进一步优化运营和资源配置，从而在行业复苏时能够把握新的增长契机，实现长期发展。" 奇富科技首席执行官兼董事吴海生先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Qfin Holdings, Inc. 奇富科技股份有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3660） 2025年第三季度財務業績公告 我們謹此公佈截至2025年9月30日止第三季度的未經審核財務業績（「2025年第三 季度財務業績」）。 2025年第三季度財務業績可於香港聯合交易所有限公司網站www.hkexnews.hk及 我們的網站https://ir.qfin.com查閱。 承董事會命 奇富科技股份有限公司 首席執行官 吳海生 香港，2025年11月19日 於本公告日期，本公司董事會包括董事吳海生先生、徐祚立先生及趙丹先生；及 獨立董事肖鋼先生、閻焱先生、趙帆先生、陳曉歡先生、劉祥革先生及焦嬌女士。 1 奇富科技公佈2025年第三季度未經審核財務業績 中國上海，2025年11月18日，中國領先的人工智能賦能的信貸科技平台奇富科技股份有限公司（納斯達 克：QFIN；港交所：3660） ...

SHANGHAI, China, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qfin Holdings” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter 2025 Business Highlights As of September 30, 2025, our platform has connected 167 financial institutional partners and 283.7 million consumers*1 with potential credit needs, cumulatively, an increase of 11.6% from ...

公司管理团队将于美国东部时间2025年11月18日(星期二)下午七时三十分(北京╱香港时间2025年11月19 日(星期三)上午八时三十分)主持电话会议。 格隆汇11月6日丨奇富科技-S(03660.HK)公布，董事会将于2025年11月18日(星期二)(北京╱香港时间)举 行董事会会议，旨在(其中包括)批准公司截至2025年9月30日止第三季度的未经审计财务业绩及公告 ("2025年第三季度财务业绩")。公司将于2025年11月19日(星期三)(北京╱香港时间)在香港联合交易所有 限公司交易时段前，于香港联合交易所有限公司网站www.hkexnews.hk及公司网站https://ir.qfin.com上公 布2025年第三季度财务业绩。 ...

所有有意參與電話會議的與會者務必使用以下鏈接在線上作好提前登記。 登記鏈接：https://s1.c-conf.com/diamondpass/10051202-aikhpy.html 登記後，每位與會者將收到電話會議的詳情，包括撥入號碼及專屬進入PIN。請 於電話會議擬定開始時間前10分鐘撥入。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Qfin Holdings, Inc. 奇富科技股份有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3660） 董事會會議日期及刊發2025年第三季度財務業績公告日期 奇富科技股份有限公司（「本公司」）董事會（「董事會」）將於2025年11月18日（星期 二）（北京╱香港時間）舉行董事會會議，旨在（其中包括）批准本公司截至2025年 9月30日止第三季度的未經審計財務業績及公告（「2025年第三季度財務業績」）。 本公司將於2025年11月19日（星期三）（北京╱香港時間）在香港聯合交易所有限 公司交易 ...

Core Viewpoint - Qfin Holdings, Inc. will report its unaudited financial results for Q3 2025 on November 18, 2025, after U.S. markets close [1] Group 1: Financial Reporting - The earnings conference call is scheduled for 7:30 PM U.S. Eastern Time on November 18, 2025 [2] - Participants must pre-register online to join the conference call [3] - A live and archived webcast of the conference call will be available on the Company's Investor Relations website [4] Group 2: Company Overview - Qfin Holdings is a leading AI-empowered Credit-Tech platform in China, providing technology services for the loan lifecycle [5] - The Company utilizes machine learning models and data analytics to enhance credit services for financial institutions, consumers, and SMEs [5]