Qifu Technology, Inc

Latest Results (02.04.2026):

Qifu Technology, Inc. reported its unaudited results for the fourth quarter of 2024 (Q4 2024) and full year 2024, closing the year with strong profitability and cash generation despite a softer loan origination environment. In Q4 2024 the company delivered RMB4,482.3 million in net revenue and RMB1,912.7 million in net income, while FY 2024 results showed revenue of RMB17,165.7 million and net income of RMB6,248.1 million. Management also raised a semi-annual dividend and continued share repurchases.

Q4 2024 financial summary

For Q4 2024 Qifu Technology reported total net revenue of RMB4,482.3 million and net income of RMB1,912.7 million (non‑GAAP net income RMB1,972.4 million). Operating margin was 42.2% (non‑GAAP 43.5%) and diluted net income per ADS was RMB13.24 (non‑GAAP RMB13.66).

Full‑year 2024 highlights

FY 2024 net revenue was RMB17,165.7 million and net income RMB6,248.1 million (non‑GAAP net income RMB6,415.7 million). Non‑GAAP net income per diluted ADS was RMB42.39. The company generated record operating cash flow of RMB9,343.3 million in 2024.

Operational and platform metrics (Q4 2024 / FY 2024)

As of Dec 31, 2024 the platform had 162 financial institutional partners and 261.2 million cumulative registered consumers. Cumulative users with approved credit lines totaled 56.9 million and cumulative borrowers with drawdowns 34.4 million. Q4 loan facilitation and origination volume was RMB89,885 million; FY 2024 volume was RMB321,969 million (down 12.8% YoY).

Loan mix, balances and funding

Total outstanding loan balance was RMB137,014 million at year‑end 2024 (down 5.7% YoY). Loans under the capital‑light model / ICE / total technology solutions were RMB79,599 million (≈58% of year‑end balance). Q4 financing income was RMB1,667.3 million.

Credit and risk metrics

Key credit indicators improved: 90‑day+ delinquency (91–180 days) for platform‑originated loans was 2.09% as of Dec 31, 2024; Day‑1 delinquency in Q4 was 4.8% and 30‑day collection rate 88.1%. Repeat borrower contribution remained high at 93.9% in Q4.

Costs, provisions and tax

Total operating costs in Q4 were RMB2,591.9 million. Q4 provisions included RMB598.4 million for loans receivable and RMB311.4 million for contingent liabilities (both lower YoY). Q4 income tax expense was unusually low at RMB20.0 million due to withholding tax writebacks.

Capital returns and balance sheet

The Board approved a semi‑annual dividend of US$0.35 per Class A share (US$0.70 per ADS) for H2 2024. The company completed sizeable buybacks under its repurchase programs (≈3.1M ADS for ~US$107M under the 2024 plan; ~2.2M ADS for ~US$86M under the 2025 plan as of Mar 14, 2025). Cash & cash equivalents were RMB4,452.4 million and total assets RMB48,132.6 million as of Dec 31, 2024.

Outlook

For Q1 2025 management expects net income of RMB1.75–1.85 billion and non‑GAAP net income of RMB1.80–1.90 billion (projected y/y growth 49–58%), while maintaining a prudent approach to operations and continued focus on AI/technology investments and quality growth.