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QIFU TECHNOLOGY INCQIFU TECHNOLOGY INCQIFU TECHNOLOGY INC

QIFU TECHNOLOGY INC

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QFIN/N trade ideas

QFIN - Model stock , just a little lacking on sales ..This is a 5/6 for me , as I would prefer more explosive sales growth but still a gem nonetheless. Its also in a leading equal weight group ( China ) and has great price action nearing its GLB its a definitely being watched . In China , QFIN "Qifu Tech" provides tailored online consumer finance products to prime, underserved borrowers funded primarily by its funding partners... No definitive plan to buy but if it keeps ascending I will need to figure something out for sure and put adds and cuts in comments .
NASDAQ:QFIN
by NAK1987
3
Qifu Technology (QFIN) AnalysisCompany Overview: Qifu Technology NASDAQ:QFIN is a prominent digital financial services provider in China, offering a broad range of loan products and financial services through its growing platform. The company has built a robust consumer base, connecting millions of users with over 160 financial institutions, ensuring strong diversification and market leadership. Key Growth Drivers Platform Growth: 254.3 Million Consumers (As of Sept 30, 2024): Qifu's impressive growth, with an 11.6% year-over-year increase in consumer connections, underscores the expanding adoption of its services. This large and growing user base reflects strong demand for digital financial solutions in China. Diversified Loan Products: Qifu’s partnerships with 162 financial institutions provide access to a wide variety of loan products, helping to attract a broad customer base and drive increased revenue through a diverse range of offerings. Management Confidence: $450 Million Share Repurchase Plan (2025): The announcement of a significant share repurchase program indicates strong confidence from management in the company's future prospects and suggests that Qifu's stock may be undervalued at current levels. This initiative is likely to boost shareholder value and enhance investor sentiment. Strategic Growth Focus: The share buyback also demonstrates a commitment to shareholder returns and signals management's belief in the company's long-term growth potential. Market Leadership and Financial Strength: Positioning as a Market Leader: Qifu's leadership in the digital financial services sector is reinforced by its strong partnerships and growing consumer base, giving it a competitive edge in a rapidly expanding market. Revenue Growth: Qifu’s ability to generate revenue through its loan products and financial services will continue to expand as the platform connects more consumers and diversifies its offerings. Investment Thesis: Qifu Technology is well-positioned to capitalize on China’s growing digital financial services market, leveraging its vast consumer base, partnerships with financial institutions, and strategic buyback program. These factors, coupled with management’s confidence in the stock’s value, make Qifu an attractive investment opportunity. Bullish Case: Target Price Range: $67.00–$68.00 Entry Range: $32.00–$33.00 Upside Potential: The combination of strong consumer growth, solid partnerships, and management's strategic initiatives positions Qifu for significant upside potential in the coming quarters.
NASDAQ:QFINLong
by Richtv_official
QFIN: Set up prime for a squeezeUsing a blended candle approach, one can see that the sentiment for QFIN is setting up for a squeeze. The volume is contracting over the past month. Bollinger band is showing signs of a squeeze. ATR (14) is showing lowest volatility over the past 100 day period. The Blended candles offer summation of short term (20 day) and medium term (50 day) price action allowing for greater emphasis on underlying trends. Short term price action is bullish and medium term action is weakening bearish. Took a position today, If this does not make a huge move up in next 5-7 days, I will exit the position. A downside could happen but setting a trailing stop can cap the losses should the trade go other direction. Good luck!
NASDAQ:QFINLong
by Valhavmaar
QFIN, A journey to the new ATH ! QFIN has started a journey to the new ATH after a massive predicted decline ! How it will play from now on? Lets follow the prediction. Previous earning report stopped the declining move from ATH down to 16.01 low after a sharp ABC form of correction ( labeled wave (2)) around 0.786 Retracement of the completed cycle wave (1) . Today's earning report pushed it up above the minor high at 27.13 which I consider it as a low degree wave 1 of a newly started up going wave cycle (wave (3) ). If true our labeled wave (3) can reach to prices around 80 corresponding to 1.618 projection of wave (1). Of course it can go higher to around 118 relating to 2.618 projection of wave (1) but, we just consider the typical 1.618 projection for now which still give us a huge profit ! . It is worth to note in terms of timing chart is a schematic drawing. Please take it into consideration that in this predicted journey we will see lots of ups and downs , move ups and correction So, patience is a key if we want to take profit at proposed targets. Please be aware this analysis is not talking about entrance strategy or any entrance point. Like ENPH I think any entrance strategy with a reasonable patience can bring us a nice sweet profit. I am already in by taking out 24.43 minor high. Good luck my friends and wish you huge profits.
NASDAQ:QFINLong
by SaeedSajedi
1
360 DigiTech Announces Q2 2021 Financial ResultsDuring the six months through June, 360 DigiTech's (QFIN:NASDAQ) net profit was CNY 1.548 billion, representing an increase of 76.6% year-on-year. According to the performance report for Q2 2021: - The revenue was CNY 4.002 billion (up 19.8%). - The net profit was CNY 1.548 billion (up 76.6%) and the net profit margin was 38.7%. - The net income of credit driven services was CNY 2.441 billion, representing a year-on-year decrease of 20.8%. - The net income from platform services reached CNY 1.597 billion, achieving a year-on-year increase of 516.6%. - The financing income was CNY 488 million, showing a decrease of 22.3%. - The guaranteed debt release rose by 25.5%, with revenue reaching CNY 1.352 billion. - As of June 30, 2021, the 360 DigiTech's platform has connected with 108 financial institutions and 176 million consumers with potential credit demand, with a year-on-year increase of 18.1%. - The cumulative users of approved credit lines were 34.7 million (up 25.3%). The cumulative number of borrowers including repeat borrowers was 22.3 million (up 25.3%). In Q2, among the loans issued by the company's financial institutions, the contribution of duplicate borrowers was 88.7%. - The financial institution partners issued more than 27.71 million loans through the platform, with a total loan of CNY 88.452 billion, representing a year-on-year increase of 50.2%. Among them, the balance of loans for light capital and other technical solutions was CNY 58.187 billion (up 186.4%); the credit lines to small and micro enterprises was CNY 7.1 billion (up 22.4%). - The weighted average term of loans granted by financial institutions on 360 DigiTech's platform was about 10.66 months, compared with 9.57 months in the same period last year. - As of June 30, 2021, the 90 days+ default rate was 1.19%. - The total operating costs and expenses were CNY 2.148 billion, which shows a year-on-year decrease of 8.4% and a month on month increase of 5.2%. According to QFIN, the growth trend in the first half of the year will continue in the following part of the year. Therefore, the total amount of loan facilitation and issuance of the company in 2021 is expected to reach CNY 340 billion to CNY 350 billion, achieving a year-on-year increase of 38% to 42%.
NASDAQ:QFINLong
by EqualOcean
Growing Stocks to Watch in the Chinese Market: (QFIN:NASDAQ)Analyzing four small-cap opportunities appearing amid the regulatory storm. 360 DigiTech (QFIN:NASDAQ) 360 DigiTech is a tech-empowered digital platform. By using data-driven technology, it enables financial institutions to provide better and targeted products and services to a broader consumer base. Unlike many of its peers, the company is a pure SaaS platform that generates considerable revenue from technology services. In the third quarter of 2020, 360 DigiTech brought its net tech income to around 50% of the total income for 2020. Embedded finance is a to-B business that is featured in 360 DigiTech's core strategy. It stands for tech-powered services, especially those in the risk management area. It is embedded into other Internet businesses, like Du Xiaoman Financial, DidiChuxing, Meituan, Xiaomi Finance, JD Digits, reaching tens of millions of potential users in a variety of consumer scenarios, such as online shopping, transportation and food delivery. Also, 360 DigiTech's to-B business has seen an expansion of the client base that has helped the company maintain the leading position in the sector. We believe to-B business is the technological advancement that will support the company to maintain its high and steady growth in the future. What is more, the latest antitrust regulation wave is going to further benefit smaller fintech platforms, represented by 360 DigiTech. For the full article with the charts, please visit the original link.
NASDAQ:QFINLong
by EqualOcean
360 DigiTech's 2021 Q2 Revenue up 20%, Net Income up 76.6%On August 19, Chinese online fintech platform 360 DigiTech released its 2021 Q2 earnings report. The earnings report showed that the company's revenue for the quarter was CNY 4 billion, up 19.8% year-over-year, and net profit was CNY 1.55 billion, up 76.6% year-over-year. 360 DigiTech shares rose 6.21% on that trading day. Founded in July 2016, 360 DigiTech is a data-driven, AI-enabled third-party financial technology platform owned by domestic Internet security giant 360 Group. The company was listed on NASDAQ in the US on December 14, 2018. During this second quarter, 360 DigiTech's net revenue from credit-driven services was CNY 2.441 billion, down 20.8% year-over-year; net revenue from platform services was CNY 1.597 billion, up 516.6% year-over-year. The financing revenue was CNY 488 million, down 22.3% year-over-year; and revenue from secured debt release was CNY 1.352 billion, up 25.5% year-over-year, mainly due to an increase in the average outstanding balance of off-balance-sheet capital loans during the period. As of June 30, 2021, 360 DigiTech's platform had connected 108 financial institution partners and 176 million consumers with potential credit needs, up 18.1% year-over-year; cumulative users approved for credit lines were 34.7 million, up 25.3% year-over-year; and cumulative borrowers, including repeat borrowers, were 22.3 million, up 25.3% year-over-year. The company's financial institutions contributed 88.7 percent of loans originated by repeat borrowers during the second quarter. In the second quarter of 2021, the company's partners, such as financial institutions, originated more than 27.71 million loans through the platform, with total loans of USD 88.452 billion, up 50.2 percent year-over-year. Among them, the balance of loans for technology solutions such as light capital was CNY 58.187 billion, an increase of 186.4% year-on-year; financial institutions issued about CNY 7.1 billion of credit lines to micro and small enterprises through the company's platform, an increase of 22.4% year-on-year. The weighted average maturity of loans issued by financial institutions on 360DigitaTech's platform lasted approximately 10.66 months, compared to 9.57 months for the same period in 2020. As of June 30, 2021, the company's 90-day+ delinquency rate for loans originated by financial institutions on its platform was 1.19%. In addition, 360 DigiTech reported its total operating costs and expenses of USD2.148 billion for the period, down 8.4% year-over-year and up 5.2% sequentially. The company is expected to continue its growth in the second half of this year. Therefore, the company's total loans are expected to reach between USD 340 billion and USD 350 billion in 2021, up 38% to 42% year-over-year from the previously estimated USD 310 billion to USD 330 billion.
NASDAQ:QFINLong
by EqualOcean
A Success Tunnel for 360 DigiTech: Business TransformationChina's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market. In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in the corporate and consumer sectors. The Matthew effect in the industry has been further exacerbated under such circumstances, where small-sized companies with less capital or poor risk resistance ability will be forced to quit the stage. Although 360 DigiTech, Inc. (QFIN:NASDAQ) is a late starter, it is one of those niche players able to stand up to this fierce competition, mainly due to the reputation of its parent company – 360 Security Technology, Inc. (601360:SH) which brings significant brand visibility to the table. Strong performance with low valuation This USD 6.57 billion company is currently outperforming what the market expects. On May 27, 360 DigiTech released its unaudited financial results for the first quarter of 2021. The total net revenue increased by 13.1% to CNY 3.6 billion (USD 0.55 billion) from CNY 3.2 billion in the same period of 2020, while the non-GAAP net income reached CNY 1.41 billion (USD 0.2 billion) with an astonishing increase of 452.8%. The operating income along with the account under the non-GAAP measure achieved a growth of 745.7% and 533.0%, respectively. However, given this relatively strong financial performance, 360 DigiTech's P/E ratio appears to have been lower than that of its peers for a long time, although it is currently ranked the highest among the top four. Lexin (LX:NASDAQ), a leading online consumption and consumer finance platform, is also using technologies to encompass risk management and loan facilitation systems, just as QFIN does, but its P/E ratio is far higher than that of QFIN. For example, in the third quarter of 2020, Lexin's P/E ratio was more than 5 times that of 360 DigiTech; by Q2 2021, Lexin was lower than 360 DigiTech for the first time, at the level of 8.1. Along with the progressively upward stock price, the necessity of re-assessing 360 DigiTech is becoming more obvious. How the asset-light business model works 360 DigiTech is one of the earliest platforms in the industry to proactively initiate the transformation of reducing the proportion of self-operated loans and improving loan facilitation. This turned out to be an informed decision. In the third quarter of 2019, 360 DigiTech first proposed its new strategic target for adopting the 'capital-light,' or more commonly as 'asset-light' business model. More colloquially, this refers to the company directly navigating the borrower to their cooperative financial institution, while collecting service fees from credit evaluation, credit management, or other technical-related services. According to the published unaudited financial results of 360 DigiTech for the first quarter of 2021, the total loans originated by financial institutions were CNY 74.15 billion, of which CNY 37.25 billion (50.2%) was under an asset-light model and other technology solutions, achieving an astonishing increase of 211.9% over the same period in 2020. Haisheng Wu, CEO of 360 DigiTech, stated that "...over 50% of the loans were facilitated under the capital-light model and other technology solutions..." and it is a "fundamental change to the nature of our business, from being capital-driven to technology-driven." The highlight of this model is that as a loan facilitator, the company is not required to inject any margin for each loan. In other words, the credit risk of the asset-light business is borne by the capital; the loan facilitator is thus riskless. Besides, it can better respond to regulatory requirements and resist the impacts of uncertainty on business stability. Moving further towards 'tech' In policy terms, the tightening regulatory rules pose a little impact to loan facilitators like 360 DigiTech – even as fintech giants like Ant Group and JD Digits may suffer – as its targets are excess leverage and systematic risks. It creates opportunities for 360 DigiTech to jump a queue. The asset-light model is hence the core strategy of reducing the regulatory and credit risk. Besides, QFIN is trying to use less capital and more technology-powered services to open up more opportunities, both in terms of client acquisition and risk management. The improved portfolio quality, as indicated by the relatively low delinquency ratio, was one of the contributors for its shining performance even in the special 2020, although it showed an upward-trending slope for the period during the epidemic. However, it seems reasonable: due to the lag of loan repayment as well as its timeliness of statistics, the negative effects of China's -6.8% GDP in 2020Q1 only started to appear in the second quarter of 2020, causing a history of high non-payment ratio of 2.82%. Up to date, the company's delinquency ratio has nearly risen back to the level before COVID-19, and we will keep an eye on its future performance. Moreover, with a few innovations and technologies, for example, Argus RM Model, Intelligence Credit Engine (ICE), Cloud Bank System, Cosmic Cube System, Apollo Platform and AI Robots, 360 DigiTech is working hard towards the 'tech side' of the fintech business as well as being technology partners with banks. The strategic collaboration with Kincheng Bank (KCB) is a good example. The bottom line 360 DigiTech's asset-light model works well, and it has the potential to pay off from the long-term perspective, which brings further expectation for its growth prospects. The company's business expansion plans are proceeding with KCB as the first step. These strategies will further improve the company's flexibility in this competition for market share. Fo rthe full article with chart, please visit the original link
NASDAQ:QFINLong
by EqualOcean
A Success Tunnel for 360 DigiTech: Business TransformationChina's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market. In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in the corporate and consumer sectors. The Matthew effect in the industry has been further exacerbated under such circumstances, where small-sized companies with less capital or poor risk resistance ability will be forced to quit the stage. Although 360 DigiTech, Inc. (QFIN:NASDAQ) is a late starter, it is one of those niche players able to stand up to this fierce competition, mainly due to the reputation of its parent company – 360 Security Technology, Inc. (601360:SH) which brings significant brand visibility to the table. Strong performance with low valuation This USD 6.57 billion company is currently outperforming what the market expects. On May 27, 360 DigiTech released its unaudited financial results for the first quarter of 2021. The total net revenue increased by 13.1% to CNY 3.6 billion (USD 0.55 billion) from CNY 3.2 billion in the same period of 2020, while the non-GAAP net income reached CNY 1.41 billion (USD 0.2 billion) with an astonishing increase of 452.8%. The operating income along with the account under the non-GAAP measure achieved a growth of 745.7% and 533.0%, respectively. However, given this relatively strong financial performance, 360 DigiTech's P/E ratio appears to have been lower than that of its peers for a long time, although it is currently ranked the highest among the top four. Lexin (LX:NASDAQ), a leading online consumption and consumer finance platform, is also using technologies to encompass risk management and loan facilitation systems, just as QFIN does, but its P/E ratio is far higher than that of QFIN. For example, in the third quarter of 2020, Lexin's P/E ratio was more than 5 times that of 360 DigiTech; by Q2 2021, Lexin was lower than 360 DigiTech for the first time, at the level of 8.1. Along with the progressively upward stock price, the necessity of re-assessing 360 DigiTech is becoming more obvious. How the asset-light business model works 360 DigiTech is one of the earliest platforms in the industry to proactively initiate the transformation of reducing the proportion of self-operated loans and improving loan facilitation. This turned out to be an informed decision. In the third quarter of 2019, 360 DigiTech first proposed its new strategic target for adopting the 'capital-light,' or more commonly as 'asset-light' business model. More colloquially, this refers to the company directly navigating the borrower to their cooperative financial institution, while collecting service fees from credit evaluation, credit management, or other technical-related services. According to the published unaudited financial results of 360 DigiTech for the first quarter of 2021, the total loans originated by financial institutions were CNY 74.15 billion, of which CNY 37.25 billion (50.2%) was under an asset-light model and other technology solutions, achieving an astonishing increase of 211.9% over the same period in 2020. Haisheng Wu, CEO of 360 DigiTech, stated that "...over 50% of the loans were facilitated under the capital-light model and other technology solutions..." and it is a "fundamental change to the nature of our business, from being capital-driven to technology-driven." The highlight of this model is that as a loan facilitator, the company is not required to inject any margin for each loan. In other words, the credit risk of the asset-light business is borne by the capital; the loan facilitator is thus riskless. Besides, it can better respond to regulatory requirements and resist the impacts of uncertainty on business stability. Moving further towards 'tech' In policy terms, the tightening regulatory rules pose a little impact to loan facilitators like 360 DigiTech – even as fintech giants like Ant Group and JD Digits may suffer – as its targets are excess leverage and systematic risks. It creates opportunities for 360 DigiTech to jump a queue. The asset-light model is hence the core strategy of reducing the regulatory and credit risk. Besides, QFIN is trying to use less capital and more technology-powered services to open up more opportunities, both in terms of client acquisition and risk management. The improved portfolio quality, as indicated by the relatively low delinquency ratio, was one of the contributors for its shining performance even in the special 2020, although it showed an upward-trending slope for the period during the epidemic. However, it seems reasonable: due to the lag of loan repayment as well as its timeliness of statistics, the negative effects of China's -6.8% GDP in 2020Q1 only started to appear in the second quarter of 2020, causing a history of high non-payment ratio of 2.82%. Up to date, the company's delinquency ratio has nearly risen back to the level before COVID-19, and we will keep an eye on its future performance. Moreover, with a few innovations and technologies, for example, Argus RM Model, Intelligence Credit Engine (ICE), Cloud Bank System, Cosmic Cube System, Apollo Platform and AI Robots, 360 DigiTech is working hard towards the 'tech side' of the fintech business as well as being technology partners with banks. The strategic collaboration with Kincheng Bank (KCB) is a good example. The bottom line 360 DigiTech's asset-light model works well, and it has the potential to pay off from the long-term perspective, which brings further expectation for its growth prospects. The company's business expansion plans are proceeding with KCB as the first step. These strategies will further improve the company's flexibility in this competition for market share.
NASDAQ:QFINLong
by EqualOcean
QFIN, Strong decilne is on the way !QFIN more than likely has completed a 5 wave motive rally and a high probability decline is on the way soon. Motive 5 wave rally was started from 6.37 USD on Mar 18th 2020 and made a huge progress up to 45 USD terminated on June 17th 2021. Price reacted well and beautifully to strong resistance at 45 USD consisting of 1.618 extension of wave 4 and 0.786 Fibo projection of wave 1-3. If true , decline to 30, 25,20 and 14 USD corresponding to 0.382 , 0.5 , 0.618 and 0.786 Retracements of mentioned rally is possible for now. Later we can choose among these Retracement levels based on internal structure of upcoming corrective wave. Stochastic indicator has already made a bearish reversal in daily time frame while it is in overbought zone in weekly. It suggests that 45 USD all time high may remain the last high for several weeks. My Recommendations: 1- If you are in the trade and you doubt about this analysis, use Multi Unit Trade Strategy and save some profits. It is a very powerful tool for risk management. 2. If you want to go long, Its is wise to wait for a correction completion. It is too risky to go long now. Trade smartly. Good luck everybody.
NASDAQ:QFINShort
by SaeedSajedi
6