China's economy showed early signs of a mild recovery under the guiding principles of stabilizing growth, optimizing structure, and managing risks. Meanwhile, the global economy is undergoing profound technological transformation and structural changes. In an increasingly complex and volatile environment, we upheld prudent operations, leveraged AI to reshape the credit value chain, and achieved high-quality growth delivering results that surpassed our expectations. By the end of the quarter, our AI-powered ...

5月29日，由银联数据联合奇富数科等机构发起的"助力消费提振，信用卡与消费信贷融合发展之道"业 务交流会在杭州召开。来自商业银行、金融科技公司等领域的专家围绕消费金融创新展开探讨。奇富数 科总裁周旭强在会上发表主题演讲，重点介绍了公司在AI技术应用领域的突破，尤其是信贷智能体如 何助力金融机构数字化转型。 周旭强身后的大屏，跳动着令人震撼的数字——2.6亿注册用户、5800万授信用户、163家金融机构、2 万亿累计放款金额。这些数据不仅是奇富科技深耕金融科技九年的成绩单，更是奇富数科以AI技术驱 动行业变革的底气。奇富的每一天，都是风控、运营以及AI的训练场，每日18万次申请决策、37万次 交易决策、60万条坐席语料、7000个图片视频、6800条运营策略，1600万次用户触达……海量数据淬炼 出的FocusPRO数字信贷解决方案，正成为金融机构破解增长困局的密钥。 在FocusPRO的助力下，银行可针对消费贷客群构建优质客群、中端客群、长尾客群的分层服务体系， 实现精准营销与风控升级。FocusPRO重点针对中端客群，提供围绕个贷客户经理及直销团队的营销运 营能力提升，同时提升银行的自主风控能力，实现更高的 ...

2025年5月20日，奇富科技（纳斯达克：QFIN；港交所：3660）发布2025年第一季度财报。报告期内， 公司净收入总额达到人民币46.9亿元（约合6.46亿美元），较上一季度环比增长4.5%；非公认会计准则 净利润为人民币19.3亿元（约合2.65亿美元），尽管净利润较上季度略有下滑，但整体业绩仍符合市场 预期。 信贷智能体落地 2025年第一季度，奇富科技信贷智能体正式落地，进一步完善了公司在AI信贷领域的战略布局。该智 能体深度融入业务全链条，覆盖数据分析、运营、合规、风险策略、财务对账等核心智能模块，标志着 奇富科技在AI技术应用方面迈出了重要一步，也为金融科技行业树立了新的标杆。 奇富科技信贷智能体的核心在于其AI决策智能模块。该模块基于杜邦分析法、归因分析、预测模型等 经典分析模型，可对利润增长乏力等典型问题进行智能诊断。例如在信贷业务场景中，能自动拆解利润 指标，精准识别病灶，并生成针对性优化方案，将原本需要跨部门协作数周的分析流程压缩至实时响 应。这一功能极大地提升了决策效率，使得奇富科技能够更快地响应市场变化，优化业务策略。在瞬息 万变的金融市场中，这种快速响应和优化能力至关重要，它可以 ...

Financial Data and Key Metrics Changes - Non-GAAP net income increased by 59.9% year over year to RMB 1.93 billion, while non-GAAP EPADS on a fully diluted basis rose by 78.5% to RMB 13.5 [6] - Total revenue for Q1 was RMB 4.69 billion, compared to RMB 4.48 billion in Q4 and RMB 4.15 billion a year ago [20] - Non-GAAP net profit was RMB 1.93 billion in Q1 compared to RMB 1.97 billion in Q4 [26] Business Line Data and Key Metrics Changes - Revenue from credit-driven services was RMB 3.11 billion in Q1, up from RMB 2.89 billion in Q4 [20] - Revenue from platform services was RMB 1.58 billion in Q1, slightly down from RMB 1.59 billion in Q4 [21] - Loan volume from embedded finance channels grew by 36% year over year, while loan volume surged by roughly 106% [13] Market Data and Key Metrics Changes - The company added 1,540,000 new credit line users in Q1, up 6% year over year [11] - Ninety-day delinquency rate was 2.02% in Q1, down from 2.09% in Q4 [23] - The overall ROA of embedded finance channels improved by 20% on a sequential basis [13] Company Strategy and Development Direction - The company is rolling out an AI plus credit strategy aimed at building the industry's first AI agent platform [7] - Plans to recruit an additional 100 algorithm engineers by the end of the year to accelerate transformation into an AI-native organization [7] - The company expects to maintain a low funding cost in the long run while adopting a prudent lending strategy [66] Management Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about the economy, supported by technological innovation and government measures to boost domestic demand [16] - The macroeconomic and policy landscape is showing signs of stabilization, which will provide a favorable environment for the consumer credit industry [16] - The company expects non-GAAP net income for Q2 to be between RMB 1.75 billion and RMB 1.85 billion, representing a year-on-year growth of 24-31% [30] Other Important Information - The company issued RMB 6.6 billion in ABS, a year-over-year increase of approximately 25% [11] - The effective tax rate for Q1 was 18%, higher than the typical rate of approximately 15% due to withholding tax provisions [26] - The company has executed a share repurchase program with a total repurchase expected to be no less than USD 680 million this year [18] Q&A Session Summary Question: Impact of new loan facilitation rules and credit quality trends - Management views the new rules as a positive signal for the industry, promoting orderly development and recognizing the value of leading loan facilitation platforms [34] - Asset quality remains stable, with the C2M2 ratio at 0.6%, significantly better than previous periods [35][36] Question: Asset quality indicators and credit demand trends - The increase in day one delinquency was driven by a change in loan mix, with a higher percentage from embedded finance channels [42] - Credit demand has shown early signs of recovery, but macro uncertainties persist [37][45] Question: Assessment of tariff tensions and ADR delisting risk - The direct impact of tariffs on the business is limited, with only a small percentage of loan volume affected [48] - The company has a clear plan to respond to potential ADR delisting risks, including a secondary listing in Hong Kong [52][54] Question: Customer acquisition costs and strategy adjustments - The increase in customer acquisition cost was driven by a change in business mix, with a higher contribution from API channels [58] - The company will continue to monitor macro changes and adjust acquisition strategies accordingly [62] Question: Loan demand trends and funding liquidity - Recent government policies aimed at boosting consumption have positively impacted credit demand [65] - The company expects funding costs to decrease slightly from Q1 levels and plans to optimize its funding structure [66]

Core Insights - QFIN Technology reported its Q1 2025 financial results, demonstrating a strong performance driven by AI innovations and a commitment to prudent management strategies in a complex market environment [1] - The company is advancing its "AI + Finance" strategy, aiming to create the first intelligent system that empowers core lending operations, which has already begun to enhance business processes and efficiency [1][2] Financial Performance - As of the end of Q1, QFIN Technology connected with 163 financial institutions, providing digital credit services to over 58 million credit users, with a 6% year-on-year increase in new credit users and a 15.8% increase in loan facilitation volume [1] AI-Driven Innovations - The launch of the lending intelligent system integrates various smart modules covering data analysis, operations, compliance, risk strategies, and financial reconciliation, significantly transforming the company's business model [2] - The AI marketing module improved the conversion rate from new credit users to new loan users by 33% year-on-year [2] - The AI compliance module reduced the time required for regulatory document interpretation from 40 hours to 2 hours, with accuracy improving from 68% to 99.2% [2] Risk Control Enhancements - QFIN Technology has developed end-to-end risk control capabilities, achieving an AUC improvement to 0.64 through reinforcement learning on historical decision logs [3] - The user feature verification accuracy reached over 95% through advanced data mining capabilities [3] Strategic Partnerships and Growth - QFIN Technology's subsidiary, QFIN Digital Technology, signed contracts with three mid-to-large city commercial banks, with a 144% year-on-year increase in business scale [4] - The launch of the FocusPRO2.0 platform for digital inclusive credit solutions has led to rapid loan disbursement and exceeded risk control expectations [4] Social Responsibility Initiatives - The company launched the "QFIN Support Program" to assist rural revitalization through interest-free loans for small businesses and farmers, contributing to local economic development [6] - QFIN Technology has been recognized for its efforts in promoting financial technology development and social responsibility, with its CEO participating in high-level forums to discuss opportunities in AI and industry upgrades [6] Future Outlook - The CEO emphasized that AI technology is a core support for the generational leap in fintech, positioning the lending intelligent system as a new growth engine for long-term high-quality development [7] - The intelligent system is expected to facilitate the transition of traditional banks to smart banks, enhancing user experience and commercial efficiency [7]

May 6, 2025 Q1'25 Results Presentation Disclaimer Forward-Looking Statements This presentation and the related conference call contain "forward-looking statements." All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known ...

Net revenue was $1.77 billion, up 19% year-over-year, at the high-end of outlook range; reflects mid-single-digit organic revenue(1) growth at both ADI and Products and Solutions Total company gross margin was 28.9%, up 200 basis points year-over-year; Products and Solutions gross margin was 41.4%, eighth consecutive quarter of year-over-year improvement The integration of Snap One into ADI is progressing well and synergy achievement is ahead of plan Over 98% of product costs incurred by the Products and ...

Qifu Technology (QFIN) Q4 2024 Earnings Call March 17, 2025 07:30 AM ET Company Participants Karen Ji - Senior Director of Capital MarketsHaisheng Wu - CEO & DirectorAlex Xu - Chief Financial Officer & DirectorRichard Xu - Managing DirectorNone - ExecutiveCindy Wang - DirectorYada Li - Non-bank Financials & Global Fintech Equity Research Conference Call Participants Alex Ye - Research AnalystEmma Xu - Analyst Operator Ladies and gentlemen, thank you for standing by, Welcome to the Qifu Technology Fourth Qua ...