Qifu Technology, Inc. (QFIN) shares ended the last trading session 6.2% higher at $38.63. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 15.8% loss over the past four weeks.The stock has recorded this price rise as the company benefits from a decline in the delinquency rate after 30-day collection on the overall loan portfolio. Furthermore, an increase in total loan facilitation and origination volume on the compa ...

Investors interested in stocks from the Technology Services sector have probably already heard of Qifu Technology, Inc. (QFIN) and Climb Global Solutions (CLMB) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimat ...

SHANGHAI, China, March 27, 2025 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660)) ("Qifu Technology" or the "Company"), a leading AI-empowered Credit-Tech platform in China, today announced the completion of its offering of convertible senior notes (the "Notes Offering") in an aggregate principal amount of US$690 million due 2030 (the "Notes"), including the initial purchasers' full exercise of option to purchase an additional US$90 million principal amount of the Notes. The Notes have be ...

Investors looking for stocks in the Technology Services sector might want to consider either Qifu Technology, Inc. (QFIN) or SPX Technologies (SPXC) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revis ...

Core Viewpoint - Qifu Technology, Inc. has announced a convertible senior notes offering totaling US$600 million, with plans to utilize the proceeds for share repurchases, which is expected to enhance earnings per ADS in 2025 [1][2][10] Group 1: Notes Offering Details - The offering consists of convertible senior notes with a principal amount of US$600 million, maturing in 2030, and an option for initial purchasers to buy an additional US$90 million [1] - The notes will bear an interest rate of 0.50% per year, payable semiannually, and holders can require the company to repurchase the notes at 100% of the principal amount plus accrued interest on specific dates [3][4] - The initial conversion rate is set at 16.7475 ADSs per US$1,000 principal amount, equating to a conversion price of approximately US$59.71 per ADS, representing a 35.0% premium over the closing price on March 25, 2025 [4] Group 2: Share Repurchase Plan - The net proceeds from the notes offering will be used for a newly established share repurchase plan, which includes a Concurrent Repurchase of approximately US$230 million in ADSs at a price of US$44.23 per ADS [2][8] - The March 2025 Share Repurchase Plan allows for additional repurchases of ADSs and/or class A ordinary shares in the open market or through other means, subject to market conditions [9][10] - The repurchase activities are expected to create meaningful accretion in earnings per ADS and offset potential dilution from the conversion of the notes [10] Group 3: Company Overview - Qifu Technology is a leading AI-empowered Credit-Tech platform in China, providing technology services to assist financial institutions and consumers throughout the loan lifecycle [16][17]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

SHANGHAI, China, March 25, 2025 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today published its annual ESG report for 2024. The report demonstrates Qifu Technology’s ESG-related guidelines, strategies and targets in 2024, highlighting the Company’s efforts to environmental sustainability and social responsibility, the progress to improve corporate governance, and its ESG performance. In the f ...

SHANGHAI, China, March 25, 2025 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission on March 25, 2025. The annual report can be accessed on the Company’s investor relations website at ir.qifu.tech as well as the SEC’s website at www.sec.gov. The ...

Exhibit 99.1 Qifu Technology Announces Fourth Quarter and Full Year 2024 Unaudited Financial Results and Raises Semi-Annual Dividend Shanghai, China, March 16, 2025, Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) ("Qifu Technology" or the "Company"), a leading AI-empowered Credit-Tech platform in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024 and raised semi- annual dividend. Fourth Quarter 2024 Business Highlights 1 Refers to cumulative ...

SHANGHAI, China, March 25, 2025 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced a proposed offering (the “Notes Offering”) of convertible senior notes in an aggregate principal amount of US$600 million due 2030 (the “Notes”), subject to market conditions and other factors, only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Secu ...