Earnings AccretionThe concurrent repurchase is expected to facilitate initial hedges and will reduce the share counts by approximately 3.8%, being nearly 4% accretive to EPS.
Financial PerformanceQFIN's revenue rose and non-GAAP net profit significantly surpassed previous guidance and consensus, indicating strong financial performance.
Share BuybackThe announcement of a new USD450mn buyback program, equaling 8-9% of current market cap, highlights strong shareholder return initiatives.