Core Viewpoint - Qifu Technology, a Chinese AI credit technology platform, reported its unaudited financial results for the second quarter and six months ending June 30, 2025, and announced an increase in semi-annual dividends [1][20]. Financial Performance - Total net revenue for Q2 2025 was RMB 52.159 billion (USD 7.281 billion), up from RMB 41.601 billion in Q2 2024 and RMB 46.907 billion in Q1 2025 [6][10]. - Net profit for Q2 2025 was RMB 17.305 billion (USD 2.416 billion), compared to RMB 13.765 billion in Q2 2024 and RMB 17.966 billion in Q1 2025 [7][14]. - Non-GAAP net profit for Q2 2025 was RMB 18.49 billion (USD 2.581 billion), an increase from RMB 14.134 billion in Q2 2024 and a decrease from RMB 19.262 billion in Q1 2025 [8][14]. Business Summary - As of June 30, 2025, the platform connected with 165 financial institution partners and 275.8 million consumers with potential credit needs, an 11.4% increase from 247.6 million a year ago [2]. - The cumulative number of approved credit limit users reached 60.2 million, a 12.3% increase from 53.6 million as of June 30, 2024 [2]. - The total number of successful borrowers (including repeat borrowers) was 36.8 million, a 14.9% increase from 32 million as of June 30, 2024 [2]. Loan and Credit Metrics - The total loan amount facilitated and issued by financial institutions through the platform reached RMB 846.09 billion, a 16.1% increase from RMB 728.64 billion in the same period of 2024, but a 4.8% decrease from RMB 888.83 billion in the previous quarter [2]. - The outstanding loan balance as of June 30, 2025, was RMB 1,400.8 billion, a 13.4% increase from RMB 1,235.51 billion as of June 30, 2024, but a slight decrease of 0.1% from RMB 1,402.73 billion as of March 31, 2025 [3]. - The 90+ days delinquency rate for loans on the platform was 1.97% as of June 30, 2025 [4]. Operational Insights - The weighted average contract term for loans initiated by financial institutions on the platform was approximately 10.33 months in Q2 2025, compared to 9.97 months in the same period of 2024 [3]. - Repeat borrowers contributed 93.8% of the loans initiated in Q2 2025 [5]. Dividend and Share Buyback - The board approved a semi-annual dividend of USD 0.38 per Class A ordinary share and USD 0.76 per American Depositary Share, with payment dates expected around September 25 and September 30, 2025, respectively [20]. - As of August 14, 2025, the company repurchased approximately 7.1 million ADS for a total of about USD 277 million under its stock repurchase plan [22]. Future Outlook - Due to ongoing macroeconomic uncertainties, the company plans to maintain cautious business planning for the remainder of 2025, expecting Q3 2025 net profit to be between RMB 15.2 billion and RMB 17.2 billion, reflecting a year-over-year decline of 2% to 13% [23].