Steady Financial Results Amid Macro Headwinds
Qfin Holdings reported a non-GAAP net income of RMB 1.51 billion for Q3, showcasing solid profitability and operating resilience despite the challenging economic environment.
Strong Growth in Technology Solutions
Loan volume supported by the Technology Solutions business grew by 218% sequentially, driven by expanding collaborations with financial institutions and the development of AI agents.
Increase in ABS Issuance
The company issued RMB 4.5 billion in ABS during the quarter, up 29% year-over-year, with total ABS issuance for the first 9 months of 2025 growing 41% year-over-year.
Efficient User Acquisition
The number of new credit line users grew by 9% to 1.95 million, while the average cost per credit line user declined by 8%, indicating improved efficiency in user acquisition.