Financial PerformanceQFIN reported expectation-beating 3Q24 non-GAAP NPAT of RMB1.83bn, a solid beat vs. management guidance, thanks to large provision writeback and funding cost improvement.
Loan Growth And Asset QualitySupportive policies are expected to benefit QFIN's loan growth and asset quality.
Shareholder ReturnThe announcement of a new USD450mn buyback program, equaling 8-9% of current market cap, highlights strong shareholder return initiatives.