Qifu Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 16, 2023 at 05:00 pm
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Qifu Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CNY 4,281.03 million compared to CNY 4,144.13 million a year ago. Net income was CNY 1,142.05 million compared to CNY 992.84 million a year ago. Basic earnings per share from continuing operations was CNY 7.12 compared to CNY 6.36 a year ago. Diluted earnings per share from continuing operations was CNY 6.94 compared to CNY 6.18 a year ago.
For the nine months, revenue was CNY 11,794.52 million compared to CNY 12,647.38 million a year ago. Net income was CNY 3,173.6 million compared to CNY 3,152.17 million a year ago. Basic earnings per share from continuing operations was CNY 19.7 compared to CNY 20.24 a year ago. Diluted earnings per share from continuing operations was CNY 19.22 compared to CNY 19.62 a year ago.
Qifu Technology Inc, formerly 360 DigiTech Inc, is a China-based company mainly engaged in credit technology services. The services provided by the Company are divided into credit-driven services and platform services according to the nature of the service and the level of related credit risk. The credit-driven services match potential borrowers with financial institutions, enabling financial institutions to obtain borrowers, conduct credit evaluation, fund matching and post-loan services. The platform services include a full range of loan assistance and post-loan services under the capital-light model, intelligent marketing services, referral services, and risk management software as services (SaaS) for financial institution partners under the Intelligent Credit Engine (ICE) model.