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]

Market Overview - US stock markets experienced a decline, with major indices such as the Nasdaq down 2.04%, S&P 500 down 1.17%, and Dow Jones down 0.53% [2] - Large tech stocks faced significant losses, including Intel down over 6%, Tesla down over 5%, and Nvidia down over 3% [2] - The cryptocurrency market saw Bitcoin drop below $100,000, with a minimum price of $99,600, reflecting a 6.5% decline [2] Economic Indicators - Wall Street executives expressed concerns about a potential major correction in the US stock market, with estimates of a 10% to 20% decline [1] - The US government is facing an extended shutdown, with the current situation expected to surpass the previous record of 35 days [1] Commodity Market - Gold prices fell sharply, with spot gold down 1.67% to $3,934.06 per ounce, and COMEX gold down 1.71% to $3,945.30 per ounce [2] - Silver and copper also experienced declines, with silver down 1.72% to $47.11 per ounce [2] - International oil prices saw slight decreases, with WTI crude oil down 0.8% to $60.56 per barrel [2] Agricultural Sector - The US soybean export volume is projected to decrease significantly, with a forecasted export of approximately 4.96 million tons for 2025, a substantial drop from the previous year [4] - Exports to China have notably declined, with only 593,000 tons exported in the first eight months of 2025, down nearly 80% from 2.68 million tons in the same period of 2024 [4] Precious Metals Market - Analysts suggest that gold and silver prices are currently in a consolidation phase after a significant drop from historical highs, driven by profit-taking and reduced expectations for interest rate cuts by the Federal Reserve [5][6] - The recent tax policy changes regarding gold transactions are expected to impact market dynamics, potentially leading to increased selling pressure from companies holding large amounts of physical gold [7][8] - The new tax regulations aim to guide gold trading towards more regulated markets, enhancing transparency and efficiency [8]

Market Overview - On November 4, global financial markets experienced significant declines, with major U.S. indices all closing lower: Dow Jones down 0.53%, S&P 500 down 1.17%, and Nasdaq down 2.04%, losing nearly 500 points [1] - The Toronto 300 index fell by 1.64%, while Brazil's IBOVESPA and Mexico's MXX saw minor declines of 0.08% and 0.18% respectively [2] Technology Sector - Major technology stocks faced widespread losses, with Intel dropping over 6%, Tesla down more than 5% (losing approximately $80.2 billion in market value), and Nvidia falling over 3% (losing about $199 billion in market value) [2] - Other tech giants like Google and Amazon also saw declines, while Apple experienced a slight increase [2] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 2.05%, with several Chinese stocks like Xiaoma Zhixing down nearly 10% and Futu Holdings down over 7% [2] Global Indices - The FTSE A50 futures index dropped by 0.24%, while European indices also fell: Euro Stoxx 50 down 0.27%, CAC 40 down 0.52%, and DAX 30 down 0.6% [3] - In Asia, the Seoul Composite Index fell sharply by 2.4%, and the Nikkei 225 dropped by 1.7% [3] Commodities - International precious metals futures saw declines, with COMEX gold futures down 1.81% to $3941.30 per ounce and silver down 2.40% to $46.90 per ounce [4] - Oil prices also fell slightly, with WTI crude oil futures down 0.8% to $60.56 per barrel and Brent crude down 0.69% to $64.44 per barrel [4] Cryptocurrency Market - The cryptocurrency market faced a significant downturn, with Bitcoin dropping over 7% and briefly falling below $100,000, while Ethereum saw a 14% decline [5] - Over 469,000 traders were liquidated in the past 24 hours, with total liquidations amounting to $2.025 billion [6] Economic Concerns - The U.S. government shutdown has reached 35 days, impacting various sectors including aviation, food assistance, and healthcare [6] - Analysts express concerns over the high valuations in the tech sector, particularly following a significant drop in AI-related stocks like Palantir, despite the company reporting record revenues [7] - Warnings have been issued regarding potential risks in the market, including high government debt, overvalued stock prices, and excessive private debt [7]

Group 1 - Qfin Holdings, Inc. (NASDAQ:QFIN) experienced a significant share price increase of 13.43% on Friday, closing at $24.15, driven by optimism surrounding Chinese stocks as a hedge against the AI bubble [1][3] - Bank of America Chief Investment Strategist Michael Hartnett highlighted that Chinese stocks and gold are the best options to hedge against the risks associated with the AI boom, particularly given the high valuations of US technology giants [2][3] - Qfin Holdings is expected to report its third quarter earnings in the second week of November 2025, with a GAAP net income target of 1.52 billion to 1.72 billion yuan and a non-GAAP net profit projection of 1.6 billion to 1.8 billion yuan, indicating a year-on-year decline of 2% to 13% [4]

Core Insights - The individual has over 10 years of experience in the stock market and retired from professional poker at age 29 to focus on investments [1] - The investment strategy emphasizes technology-driven stocks and growth at a reasonable price, particularly in up-trending markets [1] - The individual has a significant allocation to cryptocurrencies, which has contributed to outperforming broader markets in recent years [1] Investment Strategy - The approach involves strategic thinking and risk management learned from poker, applied to investment decisions [1] - The use of Seeking Alpha's Quant Algorithm and qualitative tools has refined investment choices [1] - The focus is on businesses that are attractively valued and easy to understand [1] Community Engagement - Contributing to Seeking Alpha is viewed as a privilege and a motivation to deepen investment research [1] - The individual aims to share valuable insights and give back to the investment community [1]

Market Overview - On October 31, the three major U.S. stock indices experienced slight gains, with the Dow Jones up 0.09%, the S&P 500 up 0.26%, and the Nasdaq up 0.61%. The Dow and S&P 500 marked their sixth consecutive monthly increase, while the Nasdaq achieved its seventh [1][3]. Technology Sector Performance - Despite strong earnings reports from major U.S. tech companies and ongoing AI investments, concerns over Federal Reserve policy divergence, high interest rates affecting real estate and consumer spending, government shutdown risks, and trade uncertainties are suppressing the upward potential of U.S. stocks. The market sentiment is becoming increasingly cautious regarding growth prospects [3]. - The major U.S. tech stocks showed mixed results, with the Wande American Tech Giants Index rising 0.69%. Notably, Tesla rose nearly 4%, while Microsoft fell over 1%, Facebook dropped nearly 3%, and Apple decreased by 0.38%. Amazon's stock opened with a significant increase of 12.2%, adding approximately $274.2 billion (about 1.95 trillion RMB) to its market value, and closed up over 9% [3][4]. Amazon's Financial Results - Amazon reported third-quarter net sales of $180.2 billion, a year-on-year increase of 13%, surpassing market expectations of $177.8 billion. The net profit reached $21.2 billion, showing a nearly 40% year-on-year growth. The standout was the AWS cloud business, which saw a 20% year-on-year revenue increase to $33 billion, exceeding analyst expectations and marking the strongest growth since 2022 [3]. Nvidia's Developments - Nvidia's stock fluctuated, initially rising over 2% before closing down 0.2%, with a market capitalization of $4.9 trillion. On October 31, Nvidia announced a collaboration with the South Korean government and major industry players like Samsung, Hyundai, and SK Group to deploy over 260,000 GPUs in South Korea, aiming to build a national AI infrastructure and "AI factory" clusters to enhance the country's manufacturing and digital economy [3]. Chinese Stocks Performance - The Nasdaq Golden Dragon China Index rose by 0.53%, while the Wande Chinese Tech Leaders Index fell by 1.70%. Among individual stocks, Atlassian Solar surged nearly 16%, Qifu Technology rose over 13%, and Lukoil increased by over 11%. Conversely, Pony.ai dropped over 5%, TAL Education fell by more than 5%, Alibaba decreased by about 2%, and JD.com fell nearly 1% [4]. Commodity Market Insights - The FTSE A50 futures index rose by 0.19%, closing at 15,280 points. In the precious metals market, spot gold fell by 0.51% to $4,004.02 per ounce, with a cumulative increase of 3.74% in October. Gold futures on COMEX rose by 0.06% to $4,018.50 per ounce, while spot silver decreased by 0.54% to $48.6651 per ounce [5][6]. - Oil prices continued to rise, with the main U.S. oil contract closing up 0.51% at $60.88 per barrel, while Brent crude rose by 0.43% to $64.65 per barrel. As of the week ending October 28, speculative net long positions in Brent crude on the Intercontinental Exchange increased significantly by 119,046 contracts to 171,567 contracts, indicating a growing bullish sentiment in the market [6].

Group 1 - The U.S. Treasury Secretary indicated that a U.S.-China trade agreement could be signed as early as next week, with China expressing willingness to work with the U.S. to implement the consensus reached by the two heads of state [1] - The public fund industry in China, valued at over 36 trillion yuan, is undergoing significant reforms, including guidelines for performance benchmarks that may lead to reduced compensation for fund managers whose long-term performance falls below benchmarks [1] Group 2 - The State Council is focusing on deepening reforms in key areas and expanding institutional openness, aiming to enhance market access and optimize regulatory frameworks for factor markets [2] - The People's Bank of China is working on optimizing the monetary policy framework and addressing market "herding effects," while also preparing policy tools to respond to macroeconomic and financial market fluctuations [2] - The Ministry of Finance plans to utilize special bonds and long-term government bonds effectively to encourage private capital participation in major projects and improve income distribution [2] Group 3 - The National Development and Reform Commission announced that 2 trillion yuan of the 5 trillion yuan local government debt limit will be allocated for new special bonds to support investment in certain provinces [3] - China's manufacturing PMI for October was reported at 49%, a decrease of 0.8 percentage points from the previous month, while the non-manufacturing PMI rose slightly to 50.1 [3] - A new action plan for smart city development aims to establish over 50 fully digital transformation cities by the end of 2027 [3] Group 4 - The China Securities Regulatory Commission (CSRC) is emphasizing the need for a more inclusive and adaptable capital market system during the 14th Five-Year Plan period, including reforms in the Sci-Tech Innovation Board and the Growth Enterprise Market [5] - The CSRC has taken a strict stance against misinformation in the capital market, reinforcing a "zero tolerance" policy towards false information dissemination [5] - A-shares experienced a decline, with the Shanghai Composite Index closing down 0.81% at 3954.79 points, while small-cap stocks saw a rebound [6] Group 5 - The Hong Kong Hang Seng Index closed down 1.43%, with technology stocks continuing to struggle, while healthcare stocks performed well [6] - The Shanghai Stock Exchange reported a year-on-year increase in net profit for listed companies in Q3, with significant growth in mergers and acquisitions since the introduction of new policies [6] - The Hong Kong Stock Exchange announced an expansion of the "Southbound ETF Connect" list, increasing the number of ETFs available for trading [7] Group 6 - The Ministry of Housing and Urban-Rural Development is reforming the real estate development and sales system to prevent delivery risks and protect buyers' rights [10] - The top 100 real estate companies in China reported a sales amount of 253 billion yuan in October, reflecting a year-on-year decrease of 41.9% [10] - The China Automotive Dealers Association reported an increase in the inventory warning index for October, indicating improved conditions in the automotive circulation industry [11]

Group 1: Amazon - Amazon's stock price surged by 12.2% at opening, with market capitalization increasing by $274.2 billion (approximately ¥1.95 trillion) [2] - In Q3, Amazon reported net sales of $180.2 billion, a 13% year-over-year increase, surpassing market expectations of $177.8 billion; net profit reached $21.2 billion, up nearly 40% [4] - AWS cloud business revenue grew by 20% year-over-year to $33 billion, exceeding analyst expectations and marking the strongest growth since 2022, alleviating concerns about AWS lagging in the AI competition [4] Group 2: Apple - Apple reached a historical high in stock price before a short-term decline; Q4 revenue was $102.47 billion, exceeding $100 billion and marking a year-over-year increase of 8% [5] - Net profit for Q4 was $27.47 billion, a significant year-over-year increase of 86%, with diluted earnings per share rising by 91% to $1.85 [5] - Despite overall strong performance, revenue from Greater China declined by 3.6%, becoming the only region with negative growth [5] Group 3: Cryptocurrency - Most cryptocurrencies saw an increase, with Bitcoin returning to the $110,000 mark, up 2.81%, Ethereum at $3,874, up 2.39%, and Dogecoin rising over 3% [7] Group 4: Gold Market - The World Gold Council noted that geopolitical tensions, persistent inflation, and uncertainty in global trade policies have driven demand for gold as a safe-haven asset [6] - The outlook for the gold market remains optimistic, supported by a weakening dollar, expectations of rate cuts, and the risk of stagflation, indicating further potential for gold price increases [6]

Group 1 - Amazon's stock surged by 12.2%, increasing its market value by $274.2 billion (approximately 1.95 trillion RMB) [3] - Amazon's Q3 net sales reached $180.2 billion, a 13% year-over-year increase, surpassing market expectations of $177.8 billion. Net profit was $21.2 billion, up nearly 40% [5] - AWS cloud business revenue grew by 20% year-over-year to $33 billion, marking the strongest growth since 2022 and alleviating concerns about AWS lagging in the AI competition [5] Group 2 - Nvidia's stock rose over 1.6%, with its market value returning to $500 billion. Nvidia announced a collaboration with the South Korean government and major companies to deploy over 260,000 GPUs for national AI infrastructure [5] - Apple's Q4 revenue reached $102.47 billion, a historical high for the period, with a year-over-year growth of 8%. Net profit was $27.47 billion, up 86% [6] - Apple's total revenue for the fiscal year reached $416.16 billion, with net profit exceeding $112 billion, continuing its growth trend. However, revenue from Greater China declined by 3.6%, marking it as the only region with negative growth [6] Group 3 - The Nasdaq Golden Dragon Index saw a shift from decline to increase, with notable stock performances: Lexin surged by 26%, and several other stocks rose over 10% [6][7] - International oil prices experienced a short-term increase, with both Brent and WTI crude oil rising nearly 1% [8] - Gold prices fell below $4,020 per ounce, with Morgan Stanley predicting gold prices could reach $4,500 per ounce by mid-2026 due to geopolitical tensions and inflation pressures [11]

Core Insights - Qfin Holdings, Inc. (NASDAQ:QFIN) has recently experienced significant stock price decline, hitting a 52-week low of $20.45 before closing at $21.40, down 13.92% on the day [1][2] - The decline is attributed to a hedge fund manager's negative outlook on Chinese financial stocks, with specific mention of Qfin not being recommended [2] - The company operates as an AI-empowered credit-tech platform in China, providing a range of technology services for financial institutions and SMEs throughout the loan lifecycle [3] Company Performance - Qfin's stock performance has been notably poor, with a significant drop in value leading to a 52-week low [1][2] - The stock's intra-day trading saw a low of $20.45, indicating a lack of investor confidence [1] Market Sentiment - Investor sentiment has turned negative, influenced by the absence of new developments from the company and a broader skepticism towards Chinese financial stocks [2] - Jim Cramer, a former hedge fund manager, expressed a lack of interest in Chinese financial companies, further impacting market perception of Qfin [2] Industry Context - Qfin is positioned within the AI-driven financial technology sector, which is recognized for its potential but faces competition from other AI stocks that may offer better returns with lower risk [4] - The company provides essential services that support the loan lifecycle, indicating its role in the financial technology landscape [3]