Q3 2025 Qfin Holdings Inc Earnings Call Transcript
Key Points
- Qfin Holdings Inc (QFIN) reported a non-GAAP net income of RMB 1.51 billion, demonstrating solid profitability despite macroeconomic challenges.
- The company successfully maintained stable funding costs at historical lows, securing ample funding supply.
- Qfin Holdings Inc (QFIN) expanded its embedded finance network, adding 7 new strategic partners, which increased the number of new credit line users by 13% sequentially.
- The Technology Solutions business saw exponential growth, with loan volume increasing by approximately 218% sequentially.
- The company executed a share repurchase program, purchasing approximately 7.3 million ADS, reflecting a commitment to shareholder returns.
- The consumer finance sector faced persistent headwinds, with a decline in short-term consumer loans for three consecutive quarters.
- Overall delinquency risk increased, with a 90-day delinquency rate rising to 2.09% in Q3 from 1.97% in Q2.
- The company experienced a decline in platform service revenue, which was down from CNY 1.65 billion in Q2 to CNY 1.34 billion in Q3.
- New regulatory measures may temporarily impact loan volume and profitability, with expectations of continued volatility in the near term.
- The effective tax rate increased to 20.9% in Q3, higher than the typical rate of approximately 15%, due to withholding tax provisions.
Ladies and gentlemen, thank you for standing by, and welcome to the Qfin Holdings Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please also note today's event is being recorded. At this time, I'd like to turn the conference over to Ms. Karen Ji, Senior Director of Capital Markets. Please go ahead, Karen.
Thank you, Ken. Hello, everyone, and welcome to Qfin Holdings Third Quarter 2025 Earnings Conference Call. Our earnings release was distributed earlier today and is available on our IR website.
Joining me today are Mr. Wu Haisheng, our CEO; Mr. Alex Xu, our CFO; and Mr. Zheng Yan, our CRO.
Before we start, I would like to refer you to our safe harbor statement in the earnings press release, which applies to this call as we will make certain forward-looking statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP financial measures to GAAP financial measures.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
