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Qifu Technology (QFIN)
NASDAQ:QFIN
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.73Last Year’s EPS
1.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 16, 2025
|% Change Since: 36.68%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Positive
Qifu Technology reported a strong financial performance in 2024, with record-breaking non-GAAP net income and significant growth in loan volumes. The company successfully executed a large share repurchase plan and continued to improve operational efficiency, supported by AI integration. While there are some challenges related to delinquency rates and potential interest rate changes, the overall sentiment of the call is positive.Company Guidance
During the Qifu Technology Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided several key financial metrics and strategic insights. By the end of 2024, Qifu Technology's platform had empowered 162 financial institutions to serve over 56 million users with approved credit lines. In Q4, the company's loan facilitation and origination volume rose by 9% sequentially to RMB89.9 billion, marking a 15% increase compared to the first half of the year. The company's Q4 non-GAAP net income rose by 71.5% year-over-year to RMB1.97 billion, with non-GAAP net income per diluted ADS increasing by 91.3% year-over-year to RMB13.7. For the full year, non-GAAP net income reached RMB6.42 billion, a 44% increase from the previous year. The company also executed a USD410 million share repurchase, buying back 12% of its shares, contributing to a 55.7% year-over-year increase in non-GAAP net income per diluted ADS to RMB42.4. Qifu Technology's ROE for 2024 increased to 27.9%, outperforming most financial services and internet companies in China. Additionally, the company's 90-day delinquency rate improved to 2.09% in Q4, and its ABS issuance for the year increased by 21.6% to RMB15.2 billion, indicating robust asset quality and efficient capital allocation. Looking ahead to 2025, Qifu Technology plans to focus on high-quality growth, enhancing user acquisition efficiency, and expanding its embedded finance model while leveraging AI to improve risk management and operational efficiency.Record Non-GAAP Net Income
Q4 non-GAAP net income increased 71.5% year-over-year to RMB1.97 billion, marking a new record high. Full-year non-GAAP net income rose 44% to RMB6.42 billion.
Significant Share Repurchase
Executed USD410 million share repurchase, buying back approximately 12% of the share count at the beginning of the year. A new repurchase plan of up to USD450 million has been initiated for 2025.
Loan Volume Growth
Q4 loan volume increased by 9% sequentially to RMB89.9 billion. Loan volume in the second half of the year increased by approximately 15% compared to the first half.
Improved Operational Efficiency
User acquisition costs per credit line user declined by 5.3%, while average acquisition cost per credit line user improved. Embedded finance channels saw a 98% increase in loan volume.
AI Integration Success
AI-driven solutions, such as AIGC technology, improved user outreach efficiency by 25.1% and reduced average cost per credit line user by approximately 10%.
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QFIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QFIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $32.36 | $35.25 | +8.93% |
| Aug 13, 2024 | $20.67 | $23.21 | +12.29% |
| Mar 12, 2024 | $15.51 | $17.47 | +12.64% |
| Nov 16, 2023 | $14.74 | $16.05 | +8.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Qifu Technology (QFIN) report earnings?
Qifu Technology (QFIN) is schdueled to report earning on May 21, 2025, TBA Not Confirmed.
What is Qifu Technology (QFIN) earnings time?
Qifu Technology (QFIN) earnings time is at May 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QFIN EPS forecast?
QFIN EPS forecast for the fiscal quarter 2025 (Q1) is 1.73.
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