Qifu Technology, Inc ( (QFIN) ) has released its Q4 earnings. Here is a breakdown of the information Qifu Technology, Inc presented to its investors.
Qifu Technology, Inc., a prominent AI-driven Credit-Tech platform in China, specializes in providing technology services to financial institutions and consumers, focusing on enhancing credit accessibility and personalization. In its latest earnings report, Qifu Technology announced strong financial results for the fourth quarter and full year 2024, alongside an increase in its semi-annual dividend. The company reported a total net revenue of RMB17.17 billion for the year, marking an increase from the previous year, and a net income of RMB6.25 billion, reflecting significant growth. The company also highlighted its strategic shift towards a capital-light model, which now accounts for a substantial portion of its operations, helping to mitigate risks in a challenging macroeconomic environment. Looking ahead, Qifu Technology plans to maintain a cautious business approach in 2025, focusing on quality growth and leveraging AI advancements to enhance its services and capture long-term opportunities.