Qfin Holdings, Inc 6-K, filed Mar 25, 2025

Qfin Holdings, Inc. (QFIN)

6-K 2025-03-25 For: 2025-03-25

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Added on July 04, 2026

About this 6-K

Qfin Holdings, Inc filed this 6-K on March 25, 2025.

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	Qifu Technology, Inc.

	By:	/s/ Alex Xu
	Name:	Alex Xu
	Title:	Director and Chief Financial Officer

Date: March 25, 2025

	As of December 31, 2023 Amounts in thousands of Renminbi (“RMB”)
			IFRS adjustments
	Amounts as reported under U.S. GAAP		Expected credit losses, net of tax (Note i)			Effective interest rate on loans receivable, net of tax (Note ii)			Share-based compensation (Note iii)			Financial guarantee, net of tax (Note iv)			Amounts as reported under IFRS
	RMB		RMB			RMB			RMB			RMB			RMB
ASSETS
Current assets:
Financial assets receivable, net		2,522,543		—			—			—			(2,515,354	)		7,189
Amounts due from related parties		45,346		—			—			—			(8,942	)		36,404
Loans receivable, net		24,604,487		—			(43,934	)		—			—			24,560,553
Total current assets		39,796,028		—			(43,934	)		—			(2,524,296	)		37,227,798
Non-current assets:
Financial assets receivable, net-noncurrent		596,330		—			—			—			(596,330	)		—
Amounts due from related parties		4,240		—			—			—			(1,057	)		3,183
Loans receivable, net-noncurrent		2,898,005		148,675			(1,286	)		—			—			3,045,394
Deferred tax assets		1,067,738		69,350			—			—			(135,172	)		1,001,916
Total non-current assets		6,022,544		218,025			(1,286	)		—			(732,559	)		5,506,724
TOTAL ASSETS		45,818,572		218,025			(45,220	)		—			(3,256,855	)		42,734,522
LIABILITIES AND EQUITY
LIABILITIES
Current liabilities:
Contract liability		—		—			—			—			388,181			388,181
Guarantee liabilities-stand ready		3,949,601		—			—			—			(3,949,601	)		—
Guarantee liabilities-contingent		3,207,264		(803,012	)		—			—			—			2,404,252
Other tax payable		163,252		—			(2,560	)		—			—			160,692
Total current liabilities		19,899,619		(803,012	)		(2,560	)		—			(3,561,420	)		15,532,627
Non-current liabilities:
Deferred tax liabilities		224,823		—			(7,655	)		—			—			217,168
Total non-current liabilities		3,909,096		—			(7,655	)		—			—			3,901,441
TOTAL LIABILITIES		23,808,715		(803,012	)		(10,215	)		—			(3,561,420	)		19,434,068

SHAREHOLDERS’ EQUITY
Additional paid-in capital		6,059,439		—			—			17,505			—			6,076,944
Retained earnings		16,297,316		1,021,037			(35,005	)		(17,505	)		304,565			17,570,408
TOTAL QIFU TECHNOLOGY INC. EQUITY		21,937,483		1,021,037			(35,005	)		—			304,565			23,228,080
TOTAL EQUITY		22,009,857		1,021,037			(35,005	)		—			304,565			23,300,454
TOTAL LIABILITIES AND EQUITY		45,818,572		218,025			(45,220	)		—			(3,256,855	)		42,734,522

	Year ended December 31, 2023 Amounts in thousands of Renminbi (“RMB”)
				IFRS adjustments
	Amounts as reported under U.S. GAAP			Expected credit losses, net of tax (Note i)			Effective interest rate on loans receivable, net of tax (Note ii)			Share-based compensation (Note iii)			Financial guarantee, net of tax (Note iv)			Amounts as reported under IFRS
	RMB			RMB			RMB			RMB			RMB			RMB
Revenue, net of value-added tax and related surcharges:
Credit driven services		11,738,560			—			82,387			—			—			11,820,947
Financing income		5,109,921			—			82,387			—			—			5,192,308
Total net revenue		16,290,027			—			82,387			—			—			16,372,414
Operating costs and expenses:
Facilitation, origination and servicing		2,659,912			—			—			(23,643	)		—			2,636,269
Sales and marketing		1,939,885			—			—			(5,096	)		—			1,934,789
General and administrative		421,076			—			—			(24,788	)		—			396,288
Provision for loans receivable		2,151,046			(11,520	)		—			—			—			2,139,526
Provision for financial assets receivable		386,090			—			—			—			(14,778	)		371,312
Provision for contingent liabilities		3,053,810			(12,062	)		—			—			—			3,041,748
Total operating costs and expenses		11,433,063			(23,582	)		—			(53,527	)		(14,778	)		11,341,176
Income from operations		4,856,964			23,582			82,387			53,527			14,778			5,031,238
Income before income tax expense		5,277,451			23,582			82,387			53,527			14,778			5,451,725
Income tax expense		(1,008,874	)		(3,582	)		(12,088	)		—			(2,245	)		(1,026,789	)
Net income		4,268,577			20,000			70,299			53,527			12,533			4,424,936
Net income attributable to ordinary shareholders of the Company		4,285,336			20,000			70,299			53,527			12,533			4,441,695

	As of December 31, 2024 Amounts in thousands of Renminbi (“RMB”)
			IFRS adjustments
	Amounts as reported under U.S. GAAP		Expected credit losses, net of tax (Note i)			Effective interest rate on loans receivable, net of tax (Note ii)			Share-based compensation (Note iii)			Financial guarantee, net of tax (Note iv)			Amounts as reported under IFRS
	RMB		RMB			RMB			RMB			RMB			RMB
ASSETS
Current assets:
Financial assets receivable, net		1,553,912		—			—			—			(1,545,875	)		8,037
Amounts due from related parties		8,510		—			—			—			168			8,678
Loans receivable, net		26,714,428		—			(140,502	)		—			—			26,573,926
Total current assets		42,780,568		—			(140,502	)		—			(1,545,707	)		41,094,359
Non-current assets:
Financial assets receivable, net-noncurrent		170,779		—			—			—			(170,779	)		—
Amounts due from related parties		51		—			—			—			—			51
Loans receivable, net-noncurrent		2,537,749		224,446			(17,023	)		—			—			2,745,172
Deferred tax assets		1,206,325		135,222			—			—			(124,964	)		1,216,583
Total non-current assets		5,352,050		359,668			(17,023	)		—			(295,743	)		5,398,952
TOTAL ASSETS		48,132,618		359,668			(157,525	)		—			(1,841,450	)		46,493,311
LIABILITIES AND EQUITY
LIABILITIES
Current liabilities:
Contract liability		—		—			—			—			295,578			295,578
Guarantee liabilities-stand ready		2,383,202		—			—			—			(2,383,202	)		—
Guarantee liabilities-contingent		1,820,350		(284,558	)		—			—			—			1,535,792
Other tax payable		109,161		—			(8,917	)		—			—			100,244
Total current liabilities		17,472,209		(284,558	)		(8,917	)		—			(2,087,624	)		15,091,110
Non-current liabilities:
Deferred tax liabilities		439,435		—			(23,202	)		—			—			416,233
Total non-current liabilities		6,414,190		—			(23,202	)		—			—			6,390,988
TOTAL LIABILITIES		23,886,399		(284,558	)		(32,119	)		—			(2,087,624	)		21,482,098

SHAREHOLDERS’ EQUITY
Additional paid-in capital		4,339,413		—			—			(17,867	)		—			4,321,546
Retained earnings		20,952,340		644,226			(125,406	)		17,867			246,174			21,735,201
TOTAL QIFU TECHNOLOGY INC. EQUITY		24,190,043		644,226			(125,406	)		—			246,174			24,955,037
TOTAL EQUITY		24,246,219		644,226			(125,406	)		—			246,174			25,011,213
TOTAL LIABILITIES AND EQUITY		48,132,618		359,668			(157,525	)		—			(1,841,450	)		46,493,311

	Year ended December 31, 2024 Amounts in thousands of Renminbi (“RMB”)
				IFRS adjustments
	Amounts as reported under U.S. GAAP			Expected credit losses, net of tax (Note i)			Effective interest rate on loans receivable, net of tax (Note ii)			Share-based compensation (Note iii)			Financial guarantee, net of tax (Note iv)			Amounts as reported under IFRS
	RMB			RMB			RMB			RMB			RMB			RMB
Revenue, net of value-added tax and related surcharges:
Credit driven services		11,719,027			—			(105,947	)		—			—			11,613,080
Financing income		6,636,511			—			(105,947	)		—			—			6,530,564
Total net revenue		17,165,656			—			(105,947	)		—			—			17,059,709
Operating costs and expenses:
Facilitation, origination and servicing		2,900,704			—			—			(24,992	)		—			2,875,712
Sales and marketing		1,725,877			—			—			(2,352	)		—			1,723,525
General and administrative		449,505			—			—			(8,028	)		—			441,477
Provision for loans receivable		2,773,323			(75,771	)		—			—			—			2,697,552
Provision for financial assets receivable		296,857			—			—			—			68,598			365,455
Provision for contingent liabilities		478,404			518,454			—			—			—			996,858
Total operating costs and expenses		9,637,086			442,683			—			(35,372	)		68,598			10,112,995
Income from operations		7,528,570			(442,683	)		(105,947	)		35,372			(68,598	)		6,946,714
Income before income tax expense		7,892,422			(442,683	)		(105,947	)		35,372			(68,598	)		7,310,566
Income tax expense		(1,644,306	)		65,872			15,546			—			10,207			(1,552,681	)
Net income		6,248,116			(376,811	)		(90,401	)		35,372			(58,391	)		5,757,885
Net income attributable to ordinary shareholders of the Company		6,264,314			(376,811	)		(90,401	)		35,372			(58,391	)		5,774,083