Qifu Technology Refutes Short Seller Claims

Qifu Technology (QFIN) has released an update.

Qifu Technology fiercely counters allegations from a short seller’s report, asserting the report is riddled with inaccuracies and misinterpretations of financial data under both PRC and U.S. GAAP. The company highlights its robust cash flow and strong record of shareholder returns, including over US$300 million spent on ADS repurchases and approximately US$180 million in dividends in 2024 alone. Qifu Technology also rebuffs claims of financial misconduct and land acquisition inaccuracies, emphasizing its commitment to operational efficiency and transparency.

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