SHANGHAI, June 27, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced that the following proposed resolution submitted for shareholder approval has been duly adopted at its annual general meeting of shareholders held today: as an ordinary resolution, THAT, Deloitte Touche Tohmatsu Certified Public Accountants LLP shall be re-appointed as the auditor of the Company to hold office until the c ...

owngardenQifu Technology Inc (NASDAQ:QFIN) reported its first-quarter results highlighted by solid growth and firming profitability. The China-based fintech is managing mixed economic indicators in the region and ongoing consumer credit headwinds by tightening lending standards and streamlining the business. The latest results suggest the strategy is working. We last covered the stock in late 2022 when the company was still known as "360 DigiTech" before a corporate name change in March of last year. Wh ...

XtockImages Elevator Pitch My rating for Qifu Technology, Inc. (NASDAQ:QFIN) is a Buy. The company's Q4 2023 top line performance and new $350 million share repurchase program were the focus of the prior March 15, 2024 update. With the latest write-up, I take a look at QFIN's Q2 2024 bottom line guidance and key operating metrics. There are favorable takeaways from Qifu Technology's metrics relating to its capital-light model transition, take rate, asset quality, and buybacks. My opinion is that QFIN is und ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

交银国际研究 公司更新 金融科技 收盘价 目标价 潜在涨幅 2024年5月20日 美元21.30 美元25.80↑ +21.1% 奇富科技 (QFIN US) Net take rate 同环比均提升，侧重增长质量  盈利实现较好增长。1Q24 归母净利润同比/环比增长 24.6%/4.7%；Non- 个股评级 GAAP净利润同比/环比增长23.4%/4.7%。1Q24净收入同比增长15.4%，增 买入 长主要来自表内贷款利息收入和推介服务费收入，去年同期受提前还款影 响，收入和盈利形成较低基数；净收入环比下降7.6%，下降主要由于促 成贷款环比下降16.6%。公司指引2Q24净利润11.7-12.3亿元（人民币， 1年股价表现 下同）（同比增7.0-12.5%），Non-GAAP 净利润12.2-12.8 亿元（同比增 QFIN US 25% MSCI中国指数 6.4-11.6%）。 20% 15% 10%  促成贷款同比下降，轻资产模式占比显著提升。1Q24促成贷款同比下降 5% 0% 9.3%，其中轻资本模式促成贷款同比下降1.4%，ICE模式仍保持高速增长， -5% -10% 轻资本模式占促成贷款 ...

Qifu Technology, Inc. (NASDAQ:QFIN) Q1 2024 Results Conference Call May 20, 2024 7:30 AM ET Company Participants Karen Ji - Senior Director of Capital Markets Wu Haisheng - Chief Executive Officer Alex Xu - Chief Financial Officer Zheng Yan - Chief Risk Officer Conference Call Participants Chiyao Huang - Morgan Stanley Emma Xu - Bank of America Alex Ye - UBS Yada Li - CICC Operator Thank you for standing by, and welcome to the Qifu Technology First Quarter 2024 Earnings Conference Call. At this time, all pa ...

SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers*1 with potential credit needs, cumulatively, an increase of 12.5% from 214.5 million a y ...

SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers*1 with potential credit needs, cumulatively, an increase of 12.5% from 214.5 million a ye ...

Qifu Technology, Inc. (QFIN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following year ...