Stock QFIN QIFU TECHNOLOGY, INC.
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Company Qifu Technology, Inc.

Equities

QFIN

US88557W1018

Consumer Lending

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-05-23 pm EDT 		5-day change 1st Jan Change
20.04 USD -2.00% Intraday chart for Qifu Technology, Inc. -6.66% +26.68%
May. 21 Nomura Raises Price Target on Qifu Technology to $27.56 From $24.05, Maintains Buy Rating MT
May. 20 Transcript : Qifu Technology, Inc., Q1 2024 Earnings Call, May 20, 2024

Business Summary

Qifu Technology Inc, formerly 360 DigiTech Inc, is a China-based company mainly engaged in credit technology services. The services provided by the Company are divided into credit-driven services and platform services according to the nature of the service and the level of related credit risk. The credit-driven services match potential borrowers with financial institutions, enabling financial institutions to obtain borrowers, conduct credit evaluation, fund matching and post-loan services. The platform services include a full range of loan assistance and post-loan services under the capital-light model, intelligent marketing services, referral services, and risk management software as services (SaaS) for financial institution partners under the Intelligent Credit Engine (ICE) model.

Number of employees: 3,121

Sales per Business

USD in Million2022Weight2023Weight Delta
Credit Driven Services - Financing
31.4 %
518 21.1 % 721 31.4 % +39.24%
Credit Driven Services - Releasing of Guarantee Liabilities
29.1 %
876 35.6 % 670 29.1 % -23.54%
Platform Services - Loan Facilitation
12.9 %
395 16.0 % 296 12.9 % -25.01%
Platform Services - Post-facilitation
6.9 %
218 8.9 % 158 6.9 % -27.64%
Credit Driven Services - Loan Facilitation
6.6 %
214 8.7 % 153 6.6 % -28.71%
Platform Services - Referral
5.8 %
83 3.4 % 134 5.8 % +60.84%
Credit Driven Services - Post-facilitation
3.6 %
96 3.9 % 83 3.6 % -13.65%
Platform Services - Other
2.4 %
42 1.7 % 55 2.4 % +30.79%
Credit Driven Services - Other
1.3 %
17 0.7 % 30 1.3 % +81.78%

Sales per region

USD in Million2022Weight2023Weight Delta
China
100.0 %
2,458 100.0 % 2,299 100.0 % -6.47%

Managers

Managers TitleAgeSince
Hai Sheng Wu FOU
 Founder 41 16-07-24
Alex Xu DFI
 Director of Finance/CFO 55 20-07-11
Jiao Jiao BRD
 Director/Board Member 43 20-12-31
Zhiqiang He PRN
 Corporate Officer/Principal 41 -
Yan Zheng PRN
 Corporate Officer/Principal 36 -
Shuhai Wen PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Andrew Yan BRD
 Director/Board Member 67 19-07-09
Hong Yi Zhou CHM
 Chairman 53 16-07-24
Gang Xiao BRD
 Director/Board Member 48 18-08-31
Hai Sheng Wu FOU
 Founder 41 16-07-24
Xiao Huan Chen BRD
 Director/Board Member 42 19-11-26
Dan Zhao BRD
 Director/Board Member 44 20-05-27
Alex Xu DFI
 Director of Finance/CFO 55 20-07-11
Jiao Jiao BRD
 Director/Board Member 43 20-12-31
Fan Zhao BRD
 Director/Board Member 69 23-01-19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 326,552,504 153,895,214 ( 47.13 %) 11,326,376 ( 3.468 %) 47.13 %

Shareholders

NameEquities%Valuation
Hong Yi Zhou
13.36 %
42,990,384 13.36 % 391 M $
Richard Li
3.439 %
11,066,667 3.439 % 101 M $
LGT Capital Partners AG
0.0269 %
86,650 0.0269 % 788 815 $
Dimensional Fund Advisors Ltd.
0.0182 %
58,655 0.0182 % 533 963 $
BOCI-Prudential Asset Management Ltd.
0.0133 %
42,850 0.0133 % 390 083 $
Russell Investments Ltd.
0.000953 %
3,066 0.000953 % 27 911 $
NameEquities%Valuation
OLP Capital Management Ltd.
7.936 %
12,919,407 7.936 % 244 M $
OLP Capital Management Ltd.
6.340 %
10,321,762 6.340 % 195 M $
Morgan Stanley Investment Management, Inc.
5.517 %
8,981,002 5.517 % 169 M $
Aspex Management (HK) Ltd.
5.302 %
8,630,765 5.302 % 163 M $
TT International Asset Management Ltd.
4.760 %
7,748,328 4.760 % 146 M $
Fountainvest Partners (Asia) Ltd.
4.611 %
7,506,417 4.611 % 142 M $
Morgan Stanley Asia Ltd. (Investment Management)
3.631 %
5,911,563 3.631 % 112 M $
Krane Funds Advisors LLC
3.414 %
5,557,973 3.414 % 105 M $
Vanguard Fiduciary Trust Co.
2.857 %
4,651,879 2.857 % 88 M $
BlackRock Institutional Trust Co. NA
2.311 %
3,761,613 2.311 % 71 M $

Company contact information

Qifu Technology. Inc.

7/F Lujiazui Finance Plaza No. 1217 Dongfang Road

200122, Shanghai

+

http://ir.360shuke.com
address Qifu Technology, Inc.(QFIN)

Sector

Financials
Banking & Investment Services
Banking Services
Consumer Lending
Other Consumer Lending

Sales per Business

Ratings for Qifu Technology, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
145.1 CNY
Average target price
182.3 CNY
Spread / Average Target
+25.61%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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