As of December 31, 2024, the company had established partnerships with 162 financial institutions. The company's 2024 non-GAAP net income rose 44% year-over-year to RMB6.42 billion, and it generated record operating cash flow of RMB9.34 billion in 2024. Ongoing regulatory scrutiny in China's fintech sector presents execution risks related to compliance costs.
Cyborg Score Rationale
The company demonstrates strong financial health with an earnings yield of approximately 27% and a conservative debt-to-equity ratio of 0.06, ensuring ample liquidity. However, rising consumer loan defaults in China and ongoing regulatory scrutiny present material headwinds to growth acceleration.
Top Insights
Loan facilitation volume grew 15.8% YoY to RMB88.88 billion with 49.3% under capital-light model, while cumulative users reached 268.2M (up 11.1% YoY).
2024 non-GAAP net income rose 44% year-over-year, reflecting strong profitability growth from AI-driven credit technology strategy.
The company increased its semi-annual dividend to US$0.70 per ADS and authorized up to US$690 million in share repurchases, signaling confidence in cash flow.
Platform maintained strong risk metrics with a 90-day+ delinquency rate of 2.02% and high repeat borrower contribution of 95.1%.
Named Competitors
Fintech Credit Matching Platform — China's leading digital payments and fintech ecosystem
Credit Technology Platform — E-commerce backed fintech and credit services
Digital Lending Platform — Wealth management and credit facilitation platform
Recent Developments
(June 2025) Company changed official name from Qifu Technology, Inc. to Qfin Holdings, Inc.
(March 2025) Completed US$690 million convertible senior notes offering due 2030
(Q1 2025) Reported net income per ADS of $1.74, beating consensus estimate, with 268.2M cumulative users
Open the full interactive Qfin Holdings, Inc. (Formerly Qifu Technology, Inc.) report
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