AI-driven fintech company Qifu Technology (QFIN, Financial) released its Q1 2025 financial results, showcasing robust performance despite a challenging market environment. The company continues to enhance its credit value chain through AI, achieving expected results and maintaining high-quality growth.
As of March 31, 2025, Qifu Technology has partnered with 163 financial institutions and reached 268 million registered users, marking an 11.1% year-over-year increase. The number of credit users grew to 58.4 million, up 11.6%, while successful loan withdrawals rose to 35.5 million, a 13.8% increase, with a repeat loan rate of 95.1%.
The growth in user base led to increased business volume. In Q1, Qifu Technology and its partners issued loans totaling 88.883 billion yuan, a 15.8% increase from the previous year. The platform's business, leveraging a light capital model and intelligent credit engine, accounted for 49.3% of this, with loans amounting to 43.811 billion yuan, a 15.1% year-over-year increase. The company's managed loan balance reached 140.273 billion yuan, up 5.5% from the previous year, with platform business accounting for 56%.
Qifu Technology's success is attributed to its customer acquisition, funding, and risk management strategies. Embedded finance contributed significantly to new credit users, with a diversified user acquisition strategy. The issuance of ABS hit new highs, reducing comprehensive funding costs. The risk control system remained stable, with a 90-day overdue rate of 2.02%, improving from 2.09% in the previous quarter.
Financially, Qifu Technology reported Q1 revenue of 4.6907 billion yuan, up from 4.4823 billion yuan in the previous quarter, with a profit of 1.7966 billion yuan, compared to 1.9127 billion yuan previously.
