Latest news with #QifuTechnology
Yahoo
28-07-2025
- Business
- Yahoo
Qifu Technology, Inc. (QFIN) to Rebrand as Qfin Holdings
We recently compiled a list of Qifu Technology, Inc. (NASDAQ: QFIN) stands fifth on our list and is currently undergoing a rebranding process. Qifu Technology, Inc. (NASDAQ:QFIN), a leading AI-powered Credit-Tech platform in China, is undergoing a major transformation. The company recently announced it will rebrand as Qfin Holdings, Inc., following shareholder approval in June 2025, marking a strategic shift alongside new leadership appointments and updated governance policies. Recognized as a 'Most Honored Company' in the 2025 Extel Asia Best Managed Teams rankings, the business has earned top accolades for its CEO, CFO, and investor relations team, reflecting its excellence in corporate transparency and execution. Qifu Technology, Inc. (NASDAQ:QFIN) is doubling down on its 'AI + Finance' strategy, with innovations aimed at revolutionizing digital lending and risk assessment. A major highlight is TRIDENT, its proprietary Multimodal Large Language Model (MLLM), designed to enhance fraud detection, streamline customer service, and optimize user experience using multimodal data. A lab technician inspecting a credit card processor chip. The corporation is also expanding through embedded finance channels, with nearly half of the new users in Q1 2025 acquired via APIs. At the same time, it continues to scale its capital-light business model, providing more efficient and lower-risk loan facilitation. With ongoing investment in AI research and partnerships with academic institutions, Qifu Technology, Inc. (NASDAQ:QFIN) is cementing its position as a pioneer in China's evolving fintech landscape. While we acknowledge the potential of QFIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
22-07-2025
- Business
- Yahoo
3 Reasons Growth Investors Will Love Qifu Technology, Inc. (QFIN)
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Qifu Technology, Inc. (QFIN) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank. Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Qifu Technology, Inc. is 8.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 25.6% this year, crushing the industry average, which calls for EPS growth of 24.2%. Cash Flow Growth Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds. Right now, year-over-year cash flow growth for Qifu Technology, Inc. is 41.5%, which is higher than many of its peers. In fact, the rate compares to the industry average of -13.3%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 19.2% over the past 3-5 years versus the industry average of 14.5%. Promising Earnings Estimate Revisions Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The current-year earnings estimates for Qifu Technology, Inc. have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.3% over the past month. Bottom Line Qifu Technology, Inc. has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination positions Qifu Technology, Inc. well for outperformance, so growth investors may want to bet on it. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qifu Technology, Inc. (QFIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
CNBC
02-07-2025
- Business
- CNBC
JPMorgan says shares of this little-known online lender can rally more than 50%
Strong fundamentals and the potential for robust returns make Chinese online lending platform Qifu Technology an attractive buy, according to JPMorgan. The bank initiated the stock with an overweight rating and a $65 per share price target. JPMorgan's forecast implies more than 51% upside from Tuesday's close. Analyst Katherine Lei said Qifu's return on equity — a widely followed profitability measure — will grow at a 9% clip from 2024 to 2027, while its earnings expand at a compounded annual growth rate of 24%. That's the highest growth rate among Chinese lenders covered by JPMorgan, Lei said. She also pointed to the company's loan growth in recent years, despite heightened volatility. QFIN YTD mountain Qifu Technology stock in 2025. "From 2020-24, Qifu reported 84% growth in the number of clients with credit lines and an average net take rate of 3.9% on facilitated loans," Lei said. "Qifu has shown stable new loan growth and EPS growth vs peers during the macro volatility since 2020, demonstrating its operating prudency." "Additionally, we expect credit cost to decline due to higher write-backs," she said. The analyst also highlighted the company's cash hoard as of the first quarter of 2025, which she said sits at 37% of equity. This supports the case for buybacks and dividends. "Qifu's management has committed to reducing share count by 30% from 2023-26," Lei said. "We estimate that cash dividends and share buybacks will amount to RMB 5.9bn/12.7bn from 2025-27, equating to 82% of 1Q25 equity, or 43% of the current market cap." Shares have advanced roughly 11% in 2025. Qifu shares are not widely covered, but they are well liked by those who do. LSEG data shows that all 12 analysts covering shares have a buy or strong buy rating. The average price target also signals upside of more than 25%.
Associated Press
30-06-2025
- Business
- Associated Press
Qifu Technology Announces Results of Annual General Meeting
SHANGHAI, China, June 30, 2025 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) ('Qifu Technology' or the 'Company'), a leading AI-empowered Credit-Tech platform in China, today announced that the following proposed resolutions submitted for shareholder approval have been duly adopted at its annual general meeting of shareholders held today: About Qifu Technology Qifu Technology is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions. For more information, please visit: Safe Harbor Statement Any forward-looking statements contained in this announcement are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates' and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company's strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ('SEC'), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the 'Hong Kong Stock Exchange'), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company's business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company's growth strategies, changes in laws, rules and regulatory environments, the recognition of the Company's brand, market acceptance of the Company's products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology's filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For more information, please contact: Qifu Technology E-mail: [email protected]
Yahoo
18-06-2025
- Business
- Yahoo
Here is Why Growth Investors Should Buy Qifu Technology, Inc. (QFIN) Now
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Our proprietary system currently recommends Qifu Technology, Inc. (QFIN) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank. Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below: Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Qifu Technology, Inc. is 8.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 25.3% this year, crushing the industry average, which calls for EPS growth of 23.7%. While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds. Right now, year-over-year cash flow growth for Qifu Technology, Inc. is 41.5%, which is higher than many of its peers. In fact, the rate compares to the industry average of -12.3%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 19.2% over the past 3-5 years versus the industry average of 14.6%. Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. There have been upward revisions in current-year earnings estimates for Qifu Technology, Inc. The Zacks Consensus Estimate for the current year has surged 2.3% over the past month. While the overall earnings estimate revisions have made Qifu Technology, Inc. a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination indicates that Qifu Technology, Inc. is a potential outperformer and a solid choice for growth investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qifu Technology, Inc. (QFIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
