Qifu Technology Reports 4.7% Revenue Growth, 6.1% Net Profit Decline in Q1 2025

Qifu Technology, an AI-driven fintech company, released its first-quarter 2025 financial report, demonstrating a strong performance in a complex market environment. The company's revenue for the quarter was 46.907 billion yuan, up from 44.823 billion yuan in the previous quarter. Net profit for the quarter was 17.966 billion yuan, down from 19.127 billion yuan in the previous quarter.

The company's user base and cooperative ecosystem have expanded significantly. As of March 31, 2025, Qifu Technology had connected with 163 financial institution partners and 268 million registered users, representing an 11.1% year-over-year increase in registered users. The number of credit users grew by 11.6% to 58.4 million, while the number of successful withdrawal users increased by 13.8% to 35.5 million. The repayment rate remained high at 95.1%, indicating strong user retention.

The growth in user numbers has driven an increase in business volume. In the first quarter, Qifu Technology and its partner financial institutions collectively issued 888.83 billion yuan in loans, a 15.8% year-over-year increase. The platform business, which leverages a light capital model, intelligent credit engine, and technological solutions, accounted for 438.11 billion yuan of this total, or 49.3% of the overall loan volume. This represents a 15.1% year-over-year increase in loan volume for the platform business. By the end of the quarter, Qifu Technology's managed loan balance was 1402.73 billion yuan, a 5.5% increase from the same period last year. The platform business accounted for 56% of this total, reflecting an optimized business structure.

In terms of customer acquisition, Qifu Technology's embedded finance strategy contributed nearly half of the new credit users in the first quarter. The loan volume facilitated through scenario-based touchpoints showed significant growth, demonstrating the effectiveness of the company's multi-channel user acquisition strategy. On the funding front, the issuance of ABS reached a new high in the first quarter, leading to a further reduction in the comprehensive cost of funds. In terms of risk management, Qifu Technology's risk control system remained stable, with the 90-day overdue rate (M3+) at 2.02% by the end of the quarter, down from 2.09% in the previous quarter. This strong performance is reflected in the company's financial metrics.

Qifu Technology's CEO, Wu Haisheng, emphasized the pivotal role of AI technology in driving the next generation of fintech innovation. He highlighted that the company's credit intelligence system is a key growth engine for its long-term, high-quality development. This system is also expected to support traditional banks in their transition to smart banking, enhancing user experience, improving commercial efficiency, and boosting international competitiveness. Through its focus on internal development and industry innovation, Qifu Technology aims to provide a replicable solution for the intelligent transformation of the financial industry.