Core Viewpoint - Qifu Technology, Inc. has announced significant updates regarding its share repurchase plans, including the completion of a previous plan and the initiation of a new, larger repurchase program [1][2]. Share Repurchase Plans - The 2023 Share Repurchase Plan authorized the company to repurchase up to US$150 million worth of its American depositary shares (ADSs) or Class A ordinary shares over a 12-month period starting June 20, 2023. As of March 28, 2024, the company had repurchased 9,348,543 ADSs for a total of US$149,979,804, averaging US$16.02 per ADS [1]. - The newly approved 2024 Share Repurchase Plan allows the company to repurchase up to US$350 million worth of its ADSs or Class A ordinary shares over the next 12 months starting April 1, 2024. The repurchases will be conducted based on market conditions and in compliance with applicable regulations [2]. Company Overview - Qifu Technology is a leading Credit-Tech platform in China, providing a comprehensive suite of technology services to assist financial institutions, consumers, and SMEs throughout the loan lifecycle, including borrower acquisition, credit assessment, fund matching, and post-facilitation services [3].

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Investment Rating - The report maintains a "Buy" rating for QFIN US with a target price of $23.00, indicating a potential upside of 24.5% from the current price of $18.47 [1][9]. Core Insights - The company is focusing more on growth quality and shareholder returns in 2024, with a net profit of 4.285 billion RMB in 2023, reflecting a year-on-year increase of 6.5% [1]. - The loan facilitation amount for 2023 grew by 15.4% year-on-year, aligning with the company's guidance, while the annualized net take rate for Q4 was 3.2%, up 0.4 percentage points year-on-year [1]. - The proportion of light assets has increased and is expected to continue rising in 2024 due to risk management considerations [1]. - Asset quality remains under pressure, with a 90-day delinquency rate of 2.35% in Q4, but there are signs of improvement since December [1]. - The company has tightened credit standards and is leveraging AI technology to reduce customer acquisition costs and enhance operational efficiency [1]. Financial Performance Summary - For 2023, the company reported a net profit of 4.285 billion RMB, with a projected net profit for Q1 2024 of 11.5-12.0 billion RMB, representing a year-on-year growth of 17-22% [1][2]. - Revenue for 2023 was 16.290 billion RMB, with a slight decline of 1.6% year-on-year, but expected to grow by 7.1% in 2024 [4][6]. - The forecast for net profit in 2024 is 4.631 billion RMB, with a year-on-year growth of 8.1% [4][6]. - The company plans to repurchase $350 million worth of shares over the next 12 months, with dividends and buybacks expected to exceed 70% of net profit in 2024 [2]. Key Financial Metrics - The company’s return on equity (ROE) is projected to remain above 20% over the next three years [2]. - The price-to-book ratio for 2024 is estimated at 1.2 times [2]. - The dividend yield is expected to be around 5.5% for 2023, increasing to 7.1% in 2024 [4][6].

Qifu Technology, Inc. (NASDAQ:QFIN) Q4 2023 Earnings Conference Call March 12, 2024 8:30 PM ET Company Participants Karen Ji - Senior Director of Capital Markets Wu Haisheng - CEO Alex Xu - CFO Yan Zheng - Chief Risk Officer Conference Call Participants Richard Xu - Morgan Stanley Alex Ye - UBS Emma Xu - Bank of America Securities Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Qifu Technology Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operator I ...

Financial Performance - The net profit for 2023 was RMB 4.3 billion, with a non-GAAP net profit of RMB 4.5 billion[4]. - The net income for 2023 was RMB 4,495.5 million (USD 633.2 million), compared to RMB 3,906.6 million in the same period of 2022[14]. - The fourth quarter net income totaled RMB 4.5 billion, with non-GAAP net profit reaching RMB 1.15 billion[15]. - The net income for the fourth quarter was RMB 4,495.5 million, compared to RMB 3,906.6 million in the same period of 2022[16]. - The net profit for the fiscal year 2023 was RMB 4,268,577 thousand, representing a 6.6% increase compared to RMB 4,005,568 thousand in 2022[58]. - The non-GAAP net profit for the fiscal year was RMB 4,454,181, representing a 5.9% increase from RMB 4,205,305 year-over-year[62]. - The company reported a net profit margin of 26.2%, with a non-GAAP net profit margin of 27.3%[28]. - The company’s diluted earnings per American Depositary Share (ADS) were RMB 6.88 (USD 0.96) for the period[22]. - The diluted earnings per ADS for the fiscal year ended December 31, 2023, was $3.68, compared to $3.50 for the previous year, indicating a 5.1% increase[62]. Revenue and Income Growth - The total loan facilitation and initiation scale reached RMB 475.8 billion, a year-on-year increase of approximately 15.4%[14]. - The financing income for the fourth quarter was RMB 1,485.4 million, an increase from RMB 1,002.1 million in the same period of 2022[16]. - The company reported a total financing income of RMB 5,109,921 thousand for the fiscal year 2023, a significant increase of 46.5% from RMB 3,487,951 thousand in 2022[52]. - The gross margin for the fiscal year 2023 improved to 29.8%, compared to 24.5% in 2022[52]. - The operating profit for the fiscal year ended December 31, 2023, was RMB 4,856,964, a 8.6% increase from RMB 4,472,184 in 2022[62]. Operating Metrics - The operating profit margin for 2023 was 28.5%, while the non-GAAP operating profit margin was 29.4%[14]. - The operating cash flow in the fourth quarter reached approximately RMB 2.35 billion, setting a historical high[15]. - The operating cash flow for Q4 2023 was RMB 2,351,791 thousand, up 31.2% from RMB 1,792,477 thousand in Q4 2022[54]. - The operating profit margin under GAAP for the three months ended December 31, 2023, improved to 28.5% from 24.2% in the same period of 2022[60]. - The non-GAAP operating profit margin for the same period increased to 29.4%, up from 25.5% year-over-year[60]. - The non-GAAP operating profit margin for the fiscal year improved to 31.0%, compared to 28.2% in the previous year[62]. User and Loan Metrics - As of December 31, 2023, the platform connected with 157 financial institution partners and 235.4 million potential credit demand consumers, a 12.8% increase from the previous year[6]. - The number of users with approved credit limits reached 50.9 million, up 14.4% from 44.5 million a year earlier[6]. - The total loan facilitation scale in Q4 2023 was RMB 119.0 billion, a 13.8% increase from RMB 104.6 billion in Q4 2022[6]. - The loan balance under light capital model and other technology solutions reached RMB 114.5 billion, an 18.6% increase from RMB 96.6 billion a year earlier[6]. - The 90+ days overdue rate for loans was 2.35% as of December 31, 2023[6]. Shareholder Returns - The cash dividend for 2023 is expected to be USD 170 million, with a total value of USD 132 million in share repurchases since June 2023[4]. - A new share repurchase plan of USD 350 million was announced, reaffirming the existing semi-annual dividend policy[4]. - The company plans to distribute a semi-annual dividend of USD 0.29 per A-class ordinary share or USD 0.58 per American Depositary Share, with a total dividend distribution of approximately USD 170 million for the fiscal year 2023[33]. - The company has approved a new share repurchase plan worth up to USD 350 million, effective from April 1, 2024, for a period of 12 months[36]. Cost and Expense Management - Total operating costs and expenses were RMB 3,215.9 million (USD 453.0 million), up from RMB 2,962.7 million in the same period last year[18]. - The company reported a decrease in sales and marketing expenses to RMB 1,939.9 million (USD 273.2 million) from RMB 2,206.9 million in 2022, attributed to improved marketing efficiency[27]. - The company’s total operating expenses for the fiscal year 2023 were RMB 11,433,063 thousand, a decrease of 5.4% from RMB 12,081,746 thousand in 2022[52]. Balance Sheet Highlights - Total assets increased from RMB 40,343,170 thousand to RMB 45,818,572 thousand, representing a growth of approximately 11.5% year-over-year[50]. - Total liabilities rose from RMB 21,411,873 thousand to RMB 23,808,715 thousand, an increase of approximately 11.2%[50]. - Total equity increased from RMB 18,931,297 thousand to RMB 22,009,857 thousand, reflecting a growth of approximately 16.4%[50]. - Cash and cash equivalents decreased from RMB 7,165,584 thousand to RMB 4,177,890 thousand, a decline of about 41.5%[50]. - The provision for receivables was RMB 2,151.0 million (USD 303.0 million), up from RMB 1,580.3 million in 2022, due to an increase in loan origination scale[27]. Future Outlook - The company will provide forward-looking guidance during its earnings conference call scheduled for March 12, 2024[37]. - The company plans to expand its market presence through new product launches and strategic partnerships in 2024[52].

Financial Performance - The net profit for 2023 was RMB 4.3 billion, with a non-GAAP net profit of RMB 4.5 billion[4]. - The net income for 2023 was RMB 4,495.5 million (USD 633.2 million), compared to RMB 3,906.6 million in the same period of 2022[16]. - The fourth quarter net income was RMB 4.5 billion, with a non-GAAP net profit of RMB 1.15 billion, and the annual non-GAAP net profit reached RMB 4.45 billion[15]. - The annual net profit for 2023 was RMB 4,268,577 thousand, up 6.6% from RMB 4,005,568 thousand in 2022[58]. - The non-GAAP net profit for the fiscal year was RMB 4,454,181, up 5.9% from RMB 4,205,305 in the previous year[62]. - The company's net profit attributable to the company was RMB 4,285.3 million (USD 603.6 million), compared to RMB 4,024.2 million in 2022, representing a year-over-year increase of 6.5%[28]. - The company reported a net profit margin of 26.2%, with a non-GAAP net profit margin of 27.3%[28]. Revenue and Income Growth - In 2023, the total loan facilitation and initiation scale reached RMB 475.8 billion, a year-on-year increase of approximately 15.4%[14]. - The total financing income for Q4 was RMB 1,485.4 million (USD 209.2 million), an increase from RMB 1,002.1 million in the same period of 2022[16]. - Financing income for the year surged to RMB 5,109,921 thousand, a 46.6% increase from RMB 3,487,951 thousand in 2022[52]. - The company's operating income was RMB 4,857.0 million (USD 684.1 million), an increase from RMB 4,472.2 million in 2022, reflecting a year-over-year growth of 8.6%[27]. - The operating income for the fiscal year was RMB 4,856,964, representing an 8.6% increase from RMB 4,472,184 in 2022[62]. Shareholder Returns - The cash dividend for 2023 is expected to be USD 170 million, with a total value of USD 132 million in share repurchases since the plan's implementation[4]. - A new share repurchase plan of USD 350 million was announced, reaffirming the existing semi-annual dividend policy[4]. - The company plans to distribute a semi-annual dividend of USD 0.58 per American Depositary Share, with a total dividend payout of approximately USD 170 million for the fiscal year 2023[33]. - The company has initiated a share repurchase plan with a total value of up to USD 150 million, having repurchased approximately 8.4 million ADS at an average price of USD 15.7 per share[35]. Loan and Credit Metrics - The total loan facilitation scale in Q4 2023 was RMB 119.0 billion, a 13.8% increase from RMB 104.6 billion in Q4 2022[6]. - The loan balance under light capital model and other technology solutions reached RMB 114.5 billion, an 18.6% increase from RMB 96.6 billion a year earlier[6]. - The number of users with approved credit limits reached 50.9 million, up 14.4% from 44.5 million a year earlier[6]. - The 90+ days overdue rate for loans was 2.35% as of December 31, 2023[6]. - The weighted average contract term for loans initiated by financial institutions was approximately 11.47 months in Q4 2023[6]. Operating Costs and Expenses - Total operating costs and expenses were RMB 3,215.9 million (USD 453.0 million), compared to RMB 2,962.7 million in the same period last year[18]. - The total operating expenses for 2023 were RMB 11,433,063 thousand, down from RMB 12,081,746 thousand in 2022, reflecting a 5.4% reduction[52]. - The company's financing costs increased to RMB 645.4 million (USD 90.9 million) from RMB 504.4 million in 2022, primarily due to increased funding from asset-backed securities[26]. Asset and Liability Overview - Total assets increased from RMB 40,343,170 thousand to RMB 45,818,572 thousand, representing a growth of approximately 11.5% year-over-year[50]. - Total liabilities rose from RMB 21,411,873 thousand to RMB 23,808,715 thousand, an increase of approximately 11.2%[50]. - The company's total equity increased from RMB 18,931,297 thousand to RMB 22,009,857 thousand, reflecting a growth of around 16.4%[50]. - Cash and cash equivalents decreased from RMB 7,165,584 thousand to RMB 4,177,890 thousand, a decline of about 41.5%[50]. Strategic Initiatives - The company expanded its customer acquisition channels and established strong embedded financial partnerships with leading internet traffic platforms[14]. - The company plans to enhance its growth strategy and expand its market presence, focusing on new product development and technological advancements[47].

Full Year 2023 Total Facilitation and Origination Loan Volume*1 of RMB475.8 BillionFull Year 2023 Net Income of RMB4.3 Billion and Non-GAAP*2 Net Income of RMB4.5 BillionEstimated US$170 Million Cash Dividends for Full Year 2023*3 and Approximately US$132 Million Aggregate Value of ADSs Repurchased*4 Since the Launch of the Share Repurchase Plan in June 2023Announce A New US$350 Million Share Repurchase Plan and Reaffirm Existing Semi-Annual Dividend Policy SHANGHAI, China, March 12, 2024 (GLOBE NEWSWIRE) - ...

Financial and Operational Highlights [Fourth Quarter 2023 Highlights](index=1&type=section&id=Fourth%20Quarter%202023%20Highlights) Qifu Technology achieved solid Q4 2023 year-over-year growth in total loan volume and net revenue, reflecting improved profitability Q4 2023 Key Operational Metrics (vs. Q4 2022) | Metric | Q4 2023 (RMB) | YoY Change | | :--- | :--- | :--- | | Total Loan Volume | 119.0B | +13.8% | | Capital-Light Loan Volume | 68.2B | +16.8% | | Total Outstanding Loan Balance | 186.5B | +14.1% | | Cumulative Users with Approved Credit | 50.9M | +14.4% | | Cumulative Borrowers | 30.4M | +12.7% | | 90 day+ Delinquency Rate | 2.35% | N/A | Q4 2023 Key Financial Metrics (vs. Q4 2022) | Metric | Q4 2023 (RMB) | Q4 2022 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Net Revenue | 4,495.5M | 3,906.6M | +15.1% | | Income from Operations | 1,279.6M | 943.9M | +35.6% | | Net Income | 1,107.7M | 867.9M | +27.6% | | Non-GAAP Net Income | 1,150.3M | 919.3M | +25.1% | [Full Year 2023 Highlights](index=2&type=section&id=Full%20Year%202023%20Highlights) Full year 2023 saw a 15.4% increase in total loan volume, with improved operational efficiency and profitability despite a slight revenue decrease Full Year 2023 Key Operational Metrics (vs. 2022) | Metric | 2023 (RMB) | 2022 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Loan Volume | 475.8B | 412.4B | +15.4% | | Repeat Borrower Contribution | 91.6% | 88.7% | +2.9 p.p. | Full Year 2023 Key Financial Metrics (vs. 2022) | Metric | 2023 (RMB) | 2022 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Net Revenue | 16,290.0M | 16,553.9M | -1.6% | | Income from Operations | 4,857.0M | 4,472.2M | +8.6% | | Net Income | 4,268.6M | 4,005.6M | +6.6% | | Non-GAAP Net Income | 4,454.2M | 4,205.3M | +5.9% | [Management Commentary](index=2&type=section&id=Management%20Commentary) Management highlighted successful operational adjustments in a challenging 2023, with a prudent 2024 strategy focused on profitability, efficiency, and risk management - CEO Haisheng Wu stated that despite a challenging 2023, the company achieved its targets by focusing on **quality and profitability**, building a solid foundation for 2024, with a plan to continue a **prudent approach** focusing on **profitability and efficiency** with **tightened risk management**[6](index=6&type=chunk)[8](index=8&type=chunk) - CFO Alex Xu highlighted **strong cash generation** in Q4 and announced a new, significantly enlarged **share repurchase plan**, demonstrating management's confidence[8](index=8&type=chunk) - CRO Yan Zheng noted Q4 was challenging for risk management, with a **Day-1 delinquency rate of 5.0%** and a **30-day collection rate of 84.9%**, with actions taken to mitigate risks showing positive impacts in early 2024[8](index=8&type=chunk) Detailed Financial Results [Fourth Quarter 2023 Financial Results](index=3&type=section&id=Fourth%20Quarter%202023%20Financial%20Results) Q4 2023 total net revenue increased 15.1% to RMB 4.5 billion, driven by Credit Driven Services, with income from operations rising 35.6% due to lower contingent liability provisions Q4 2023 Revenue Breakdown (RMB in millions) | Revenue Source | Q4 2023 (RMB) | Q4 2022 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **Credit Driven Services** | **3,248.3M** | **2,776.7M** | **+17.0%** | | - Financing income | 1,485.4M | 1,002.1M | +48.2% | | - Releasing of guarantee liabilities | 1,211.8M | 1,377.0M | -12.0% | | **Platform Services** | **1,247.2M** | **1,129.8M** | **+10.4%** | | - Loan facilitation fees-capital light | 697.0M | 955.6M | -27.1% | | - Referral services fees | 446.5M | 93.3M | +378.4% | | **Total Net Revenue** | **4,495.5M** | **3,906.6M** | **+15.1%** | Q4 2023 Operating Costs & Expenses (RMB in millions) | Expense Item | Q4 2023 (RMB) | Q4 2022 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Facilitation, origination and servicing | 731.8M | 585.6M | +25.0% | | Sales and marketing | 551.6M | 415.2M | +32.8% | | Provision for loans receivable | 639.9M | 481.4M | +32.9% | | Provision for contingent liability | 784.3M | 1,062.3M | -26.2% | | **Total operating costs and expenses** | **3,215.9M** | **2,962.7M** | **+8.5%** | [Full Year 2023 Financial Results](index=5&type=section&id=Full%20Year%202023%20Financial%20Results) Full year 2023 total net revenue slightly decreased by 1.6% to RMB 16.3 billion, but income from operations increased 8.6% due to reduced operating costs Full Year 2023 Revenue Breakdown (RMB in millions) | Revenue Source | 2023 (RMB) | 2022 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **Credit Driven Services** | **11,738.6M** | **11,586.3M** | **+1.3%** | | - Financing income | 5,109.9M | 3,488.0M | +46.5% | | - Releasing of guarantee liabilities | 4,745.9M | 5,899.2M | -19.5% | | **Platform Services** | **4,551.5M** | **4,967.7M** | **-8.4%** | | - Loan facilitation fees-capital light | 3,214.0M | 4,124.7M | -22.1% | | - Referral services fees | 950.0M | 561.4M | +69.2% | | **Total Net Revenue** | **16,290.0M** | **16,553.9M** | **-1.6%** | Full Year 2023 Operating Costs & Expenses (RMB in millions) | Expense Item | 2023 (RMB) | 2022 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Sales and marketing | 1,939.9M | 2,206.9M | -12.1% | | Provision for loans receivable | 2,151.0M | 1,580.3M | +36.1% | | Provision for contingent liability | 3,053.8M | 4,367.8M | -30.1% | | **Total operating costs and expenses** | **11,433.1M** | **12,081.7M** | **-5.4%** | Risk Metrics [Delinquency Rates](index=7&type=section&id=Delinquency%20Rates) Q4 saw signs of risk stress with a 90 day+ delinquency rate of 2.35% and challenging Day-1 and 30-day collection rates - The 90 day+ delinquency rate for loans originated across the platform was **2.35%** as of December 31, 2023[2](index=2&type=chunk) - In the fourth quarter, the **Day-1 delinquency rate was 5.0%** and the **30-day collection rate was 84.9%**, indicating a challenging period for risk management[8](index=8&type=chunk) Shareholder Returns [Dividend Policy](index=8&type=section&id=Dividend%20Policy) The company declared a US$0.58 per ADS dividend for H2 2023, totaling US$170 million for the year, reaffirming its 20-30% GAAP net income payout policy - The Board approved a dividend of **US$0.29 per Class A ordinary share (US$0.58 per ADS)** for the second half of 2023[25](index=25&type=chunk) - The total dividend distribution for fiscal year 2023 is estimated to be approximately **US$170 million**[25](index=25&type=chunk) - The company reaffirmed its semi-annual cash dividend policy to distribute an amount equivalent to approximately **20% to 30%** of its GAAP net income after tax for the previous six-month period[26](index=26&type=chunk) [Share Repurchase Plans](index=9&type=section&id=Share%20Repurchase%20Plans) Qifu Technology repurchased US$132 million under its 2023 plan and approved a new US$350 million share repurchase plan for 2024 - From June 20, 2023, to March 12, 2024, the company repurchased approximately **8.4 million ADSs** for a total of **US$132 million** under its **2023 plan**[28](index=28&type=chunk) - A new share repurchase plan of up to **US$350 million** was approved by the Board, effective for 12 months starting from **April 1, 2024**[29](index=29&type=chunk) Financial Statements [Consolidated Balance Sheets](index=11&type=section&id=Consolidated%20Balance%20Sheets) As of December 31, 2023, total assets increased to RMB 45.8 billion, driven by net loans receivable, with corresponding growth in liabilities and equity Selected Balance Sheet Items (RMB in millions) | Item | Dec 31, 2023 (RMB) | Dec 31, 2022 (RMB) | | :--- | :--- | :--- | | Cash and cash equivalents | 4,177.9M | 7,165.6M | | Loans receivable, net (current & non-current) | 27,502.5M | 18,484.7M | | **Total Assets** | **45,818.6M** | **40,343.2M** | | **Total Liabilities** | **23,808.7M** | **21,411.9M** | | **Total Equity** | **22,009.9M** | **18,931.3M** | [Consolidated Statements of Comprehensive Income](index=12&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Full year 2023 total net revenue was RMB 16.3 billion, with net income attributable to shareholders increasing to RMB 4.3 billion due to controlled expenses Full Year Income Statement Highlights (RMB in millions) | Item | 2023 (RMB) | 2022 (RMB) | | :--- | :--- | :--- | | Total net revenue | 16,290.0M | 16,553.9M | | Income from operations | 4,857.0M | 4,472.2M | | Net income | 4,268.6M | 4,005.6M | | Net income attributable to shareholders | 4,285.3M | 4,024.2M | | Diluted Net income per ADS | 26.08 | 25.00 | [Consolidated Statements of Cash Flows](index=13&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Full year 2023 saw net cash from operating activities of RMB 7.1 billion, but increased investing activities led to a net decrease in cash of RMB 3.0 billion Full Year Cash Flow Summary (RMB in millions) | Item | 2023 (RMB) | 2022 (RMB) | | :--- | :--- | :--- | | Net cash provided by operating activities | 7,118.4M | 5,922.5M | | Net cash used in investing activities | (11,147.8M) | (7,356.0M) | | Net cash provided by financing activities | 1,066.5M | 3,204.1M | | **Net (decrease) in cash and cash equivalents** | **(2,953.4M)** | **1,752.4M** | [Unaudited Reconciliations of GAAP and Non-GAAP Results](index=15&type=section&id=Unaudited%20Reconciliations%20of%20GAAP%20and%20Non-GAAP%20Results) Non-GAAP adjustments for share-based compensation provide a clearer view of underlying trends, with full year 2023 non-GAAP net income at RMB 4.45 billion Full Year 2023 GAAP to Non-GAAP Reconciliation (RMB in millions) | Metric | GAAP (RMB) | Share-based Compensation (RMB) | Non-GAAP (RMB) | | :--- | :--- | :--- | :--- | | Income from operations | 4,857.0M | 0.19M | 5,042.6M | | Net income | 4,268.6M | 0.19M | 4,454.2M | Q4 2023 GAAP to Non-GAAP Reconciliation (RMB in millions) | Metric | GAAP (RMB) | Share-based Compensation (RMB) | Non-GAAP (RMB) | | :--- | :--- | :--- | :--- | | Income from operations | 1,279.6M | 0.04M | 1,322.1M | | Net income | 1,107.7M | 0.04M | 1,150.3M |

Core Viewpoint - Qifu Technology, a leading Credit-Tech platform in China, is set to announce its unaudited financial results for Q4 and the full year of 2023 on March 12, 2024, after U.S. market close [1] Group 1: Financial Results Announcement - The unaudited financial results will be reported after U.S. markets close on March 12, 2024 [1] - An earnings conference call will be hosted by the management team at 8:30 PM U.S. Eastern Time on the same day [1] Group 2: Conference Call Details - Participants must pre-register online to join the conference call [2] - A live and archived webcast of the conference call will be available on the Investor Relations section of the Company's website [2] Group 3: Company Overview - Qifu Technology provides a comprehensive suite of technology services for financial institutions, consumers, and SMEs throughout the loan lifecycle [3] - The Company aims to enhance accessibility and personalization of credit services through its Credit-Tech offerings [3]

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