Qifu Technology Reports Strong Q1 2025 Performance

Qifu Technology, Inc ( (QFIN) ) has released its Q1 earnings. Here is a breakdown of the information Qifu Technology, Inc presented to its investors.

Qifu Technology, Inc. is a prominent AI-driven Credit-Tech platform in China, specializing in providing comprehensive technology services to financial institutions and consumers, enhancing the loan lifecycle through advanced machine learning models and data analytics.

In its first quarter of 2025, Qifu Technology reported robust financial results, showcasing significant growth in user engagement and loan facilitation volumes, despite facing macroeconomic challenges. The company maintained a strong financial position, reflecting its strategic focus on efficient operations and innovative technology solutions.

Key financial highlights include a total net revenue of RMB4,690.7 million, marking an increase from the previous year, and a net income of RMB1,796.6 million. The platform connected 163 financial institutional partners and 268.2 million consumers, with a notable rise in cumulative users with approved credit lines and successful loan drawdowns. The company also emphasized its capital-light model, contributing to nearly half of the total loan volume.

Qifu Technology’s strategic initiatives included a successful US$690 million convertible notes offering, which bolstered its share repurchase programs. The company continues to leverage AI advancements to enhance its service offerings, aiming to improve efficiency and risk management in a volatile economic environment.

Looking ahead, Qifu Technology remains cautiously optimistic, expecting continued growth in net income for the second quarter of 2025. The company plans to maintain its focus on operational efficiency and technological innovation to navigate economic uncertainties and capitalize on long-term opportunities.