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Qifu Technology Announces Name Change and Q1 2025 Earnings Call
ByAinvest
Friday, Jul 25, 2025 8:42 am ET1min read
Qifu Technology has changed its name and completed a $690 million convertible notes offering. The company's Q1 2025 earnings report showed a rise in profit and revenue. JPMorgan initiated coverage with an Overweight rating and $65 price target. Lawmakers have urged the SEC to remove Chinese firms, including Alibaba and JD.com, over military ties.
Qifu Technology, Inc. (formerly known as Qifu Technology) has announced significant developments in its financial and operational activities. The company has changed its name to Qfin Holdings, Inc. and completed a $690 million convertible notes offering. Additionally, Qfin Holdings reported strong earnings for the first quarter of 2025, with a rise in profit and revenue. JPMorgan initiated coverage on the company with an Overweight rating and a $65 price target.Name Change and Convertible Notes Offering
On July 21, Qfin Holdings announced that it had changed its name from Qifu Technology, Inc. to Qfin Holdings, Inc. This change reflects the company's strategic evolution and commitment to its core mission [1]. The company also completed a $690 million convertible notes offering, which is expected to provide additional capital for its growth initiatives [3].
Q1 2025 Earnings Report
Qfin Holdings reported its Q1 2025 earnings on May 19, 2025. The company's unaudited financial results showed a rise in revenue and profit. The company's platform connected 163 financial institutional partners and 268.2 million consumers with potential credit needs, an increase of 11.1% from the previous quarter [2]. The company's Q1 earnings call highlighted robust revenue growth and strategic initiatives driving increased loan facilitation and new borrower acquisition [4].
JPMorgan Coverage
JPMorgan initiated coverage on Qfin Holdings on July 2, 2025, with an Overweight rating and a $65 price target. The analyst noted the company's strong fundamentals and growth prospects, suggesting that the stock could be a good investment opportunity [3].
Lawmakers' Urge to Remove Chinese Firms
Lawmakers have urged the SEC to remove Alibaba, JD.com, and other Chinese firms from U.S. stock exchanges due to alleged military ties. This development could potentially impact the business environment for Chinese companies listed in the U.S. [5].
References
[1] GlobeNewswire. (2025). Qifu Technology Announces Results of Annual General Meeting. Retrieved from https://sg.finance.yahoo.com/quote/QFIN/news/
[2] GlobeNewswire. (2025). Qifu Technology, Inc. Announces First Quarter 2025 Unaudited Financial Results. Retrieved from https://sg.finance.yahoo.com/quote/QFIN/news/
[3] Marketscreener. (2025). Qifu Technology Changes Name. Retrieved from https://www.marketscreener.com/news/qifu-technology-changes-name-ce7c5fdbdb89f022
[4] GuruFocus.com. (2025). Qifu Technology Inc (QFIN) Q1 2025 Earnings Call Highlights. Retrieved from https://sg.finance.yahoo.com/quote/QFIN/news/
[5] Reuters. (2025). Lawmakers Urge SEC to Remove Alibaba, JD, Other Chinese Firms Over Military Ties. Retrieved from https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TM111:0-dlh-holdings-corp-expected-to-post-earnings-of-2-cents-a-share-earnings-preview/
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