360 DigiTech Stock News

Qifu Technology has shown strong performance with a 140% YoY stock return, driven by its capital-light platform services and improved profitability. The company's Q3 2024 results exceeded expectations, with significant growth in net income, ROE and user acquisition, highlighting its operational efficiency and strategic focus. QFIN's low P/E ratio and aggressive share buyback strategy still make...

China stock and fintech leader Qifu is rallying to new highs this week, taking out a buy point on the stock market today. The post Chinese Fintech Stock Qifu Hits Buy Point As Profit Growth Accelerates appeared first on Investor's Business Daily.

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I like aspects of Qifu Technology like its strong non-risk-bearing revenue growth (+277%), solid financials and balance sheet, and shareholder-friendly actions like growing dividends and share buybacks. I examined aspects that concern me, like the heavy reliance on risk-bearing revenue (72%) and 100% exposure to China's regulatory environment through a VIE structure. There is also the risk of d...

Qifu Technology, Inc. (NASDAQ:QFIN ) Q3 2024 Results Conference Call November 19, 2024 7:30 PM ET Company Participants Karen Ji - Senior Director, Capital Markets Haisheng Wu - CEO Alex Xu - CFO Conference Call Participants Richard Xu - Morgan Stanley Alex Ye - UBS Emma Xu - Bank of America Cindy Wang - China Renaissance Yada Li - CICC Operator Ladies and gentlemen, thank you for standing by. W...

SHANGHAI, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2024 and launched a new US$450 million share repurchase plan for 2025.

SHANGHAI, China, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, after U.S. markets close on Tuesday, November 19, 2024.

Qifu Technology can benefit from increased demand for its credit-based offerings as interest rates become more attractive for borrowers. The company's expected growth could be upgraded due to economic stimulus and Qifu's effective strategies, thus driving the stock higher. Qifu Technology is trading at a bargain valuation, providing significant potential for price-to-earnings (PE) expansion as ...