Qfin Holdings, Inc 6-K, filed Aug 19, 2022

Qfin Holdings, Inc. (QFIN)

6-K 2022-08-19 For: 2022-08-19

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Added on April 04, 2026

About this 6-K

Qfin Holdings, Inc filed this 6-K on August 19, 2022.

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	360 DigiTech, Inc.


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

Date: August 19, 2022

United States:	+1-646-722-4977
Hong Kong:	+852-3027-6500
Mainland China:	400-821-0637
International:	+65-6408-5782
PIN:	22390058#

United States:	+1-646-982-0473
International:	+65-6408-5781
Access code:	520003785#

	December 31,		June 30,		June 30,
	2021		2022		2022
	RMB		RMB		USD
ASSETS
Current assets:
Cash and cash equivalents		6,116,360		6,965,238		1,039,883
Restricted cash		2,643,587		3,764,988		562,098
Security deposit prepaid to third-party guarantee companies		874,886		698,478		104,280
Funds receivable from third party payment service providers		153,151		312,447		46,647
Accounts receivable and contract assets, net		3,097,254		3,499,385		522,444
Financial assets receivable, net		3,806,243		3,618,560		540,237
Amounts due from related parties		837,324		733,386		109,492
Loans receivable, net		9,844,481		10,850,458		1,619,931
Prepaid expenses and other assets		383,937		364,908		54,479
Total current assets		27,757,223		30,807,848		4,599,491
Non-current assets:
Accounts receivable and contract assets, net-non current		223,474		291,908		43,581
Financial assets receivable, net-non current		597,965		683,078		101,981
Amounts due from related parties		140,851		55,136		8,231
Loans receivable, net-non current		2,859,349		3,657,879		546,107
Property and equipment, net		24,941		20,487		3,059
Land use rights,net		1,018,908		1,008,548		150,572
Intangible assets		4,961		5,231		781
Deferred tax assets		834,717		1,059,963		158,248
Other non-current assets		42,606		76,030		11,351
Total non-current assets		5,747,772		6,858,260		1,023,911
TOTAL ASSETS		33,504,995		37,666,108		5,623,402

LIABILITIES AND EQUITY
Current liabilities:
Payable to investors of the consolidated trusts-current		2,304,518		5,224,973		780,068
Accrued expenses and other current liabilities		2,258,329		2,117,357		316,113
Amounts due to related parties		214,057		178,687		26,677
Short term loans		397,576		611,164		91,244
Guarantee liabilities-stand ready		4,818,144		4,538,963		677,649
Guarantee liabilities-contingent		3,285,081		3,320,414		495,725
Income tax payable		624,112		654,347		97,691
Other tax payable		241,369		177,611		26,517
Total current liabilities		14,143,186		16,823,516		2,511,684
Non-current liabilities:
Deferred tax liabilities		121,426		173,777		25,944
Payable to investors of the consolidated trusts-noncurrent		4,010,597		3,613,690		539,510
Other long-term liabilities		13,177		34,147		5,099
Total non-current liabilities		4,145,200		3,821,614		570,553
TOTAL LIABILITIES		18,288,386		20,645,130		3,082,237
TOTAL 360 DIGITECH INC EQUITY		15,203,863		17,018,256		2,540,759
Noncontroling interests		12,746		2,722		406
TOTAL EQUITY		15,216,609		17,020,978		2,541,165
TOTAL LIABILITIES AND EQUITY		33,504,995		37,666,108		5,623,402

	Three months ended June 30,									Six months ended June 30,
	2021			2022			2022			2021			2022			2022
	RMB			RMB			USD			RMB			RMB			USD
Credit driven services		2,404,695			2,947,767			440,090			4,856,038			5,868,397			876,129
Loan facilitation and servicing fees-capital heavy		540,737			580,360			86,645			1,265,047			1,141,771			170,462
Financing income		488,088			819,572			122,359			897,528			1,608,820			240,191
Revenue from releasing of guarantee liabilities		1,352,307			1,524,547			227,609			2,647,734			3,074,515			459,013
Other services fees		23,563			23,288			3,477			45,729			43,291			6,463
Platform services		1,596,863			1,235,432			184,446			2,744,729			2,634,849			393,373
Loan facilitation and servicing fees-capital light		1,398,713			1,030,024			153,779			2,392,602			2,128,955			317,845
Referral services fees		160,264			135,352			20,208			286,594			382,650			57,128
Other services fees		37,886			70,056			10,459			65,533			123,244			18,400
Total net revenue		4,001,558			4,183,199			624,536			7,600,767			8,503,246			1,269,502
Facilitation, origination and servicing		557,979			555,631			82,954			1,035,735			1,170,561			174,760
Funding costs		83,164			123,862			18,492			162,242			227,630			33,984
Sales and marketing		499,937			615,080			91,829			884,946			1,167,657			174,327
General and administrative		139,278			93,890			14,017			243,774			216,148			32,270
Provision for loans receivable		246,979			416,090			62,121			381,887			907,317			135,459
Provision for financial assets receivable		58,516			103,703			15,482			103,576			164,217			24,517
Provision for accounts receivable and contract assets		100,684			63,417			9,468			157,116			117,025			17,471
Provision for contingent liabilities		461,910			1,200,742			179,266			1,220,586			2,162,638			322,873
Total operating costs and expenses		2,148,447			3,172,415			473,629			4,189,862			6,133,193			915,661
Income from operations		1,853,111			1,010,784			150,907			3,410,905			2,370,053			353,841
Interest income, net		46,491			43,771			6,535			82,875			68,188			10,180
Foreign exchange gain (loss)		21,886			(91,610	)		(13,677	)		13,895			(86,658	)		(12,938	)
Other income, net		31,697			196,410			29,323			50,811			203,458			30,375
Investment loss		-			(4,096	)		(612	)		-			(8,996	)		(1,343	)
Income before income tax expense		1,953,185			1,155,259			172,476			3,558,486			2,546,045			380,115
Income taxes expense		(405,305	)		(180,303	)		(26,919	)		(663,357	)		(396,732	)		(59,231	)
Net income		1,547,880			974,956			145,557			2,895,129			2,149,313			320,884
Net (income) loss attributable to noncontrolling interests		(235	)		4,883			729			(42	)		10,024			1,497
Net income attributable to ordinary shareholders of the Company		1,547,645			979,839			146,286			2,895,087			2,159,337			322,381
Net income per ordinary share attributable to ordinary shareholders of 360 DigiTech, Inc.
Basic		5.04			3.14			0.47			9.46			6.94			1.04
Diluted		4.81			3.06			0.46			9.02			6.74			1.01

Net income per ADS attributable to ordinary shareholders of 360 DigiTech, Inc.
Basic		10.08			6.28			0.94			18.92			13.88			2.08
Diluted		9.62			6.12			0.92			18.04			13.48			2.02

Weighted average shares used in calculating net income per ordinary share
Basic		306,879,800			311,615,233			311,615,233			305,886,883			311,109,257			311,109,257
Diluted		321,969,767			319,874,351			319,874,351			320,958,192			320,251,194			320,251,194

	Three months ended June 30,									Six months ended June 30,
	2021			2022			2022			2021			2022			2022
	RMB			RMB			USD			RMB			RMB			USD
Net cash provided by operating activities		1,256,531			1,118,314			166,960			2,001,639			2,537,911			378,900
Net cash (used in) investing activities		(2,235,840	)		(252,787	)		(37,740	)		(2,287,998	)		(2,694,432	)		(402,267	)
Net cash provided by financing activities		562,253			1,052,143			157,081			1,351,545			2,129,177			317,877
Effect of foreign exchange rate changes		(1,316	)		1,443			215			(2,752	)		(2,377	)		(355	)
Net (decrease) increase in cash and cash equivalents		(418,372	)		1,919,113			286,516			1,062,434			1,970,279			294,155
Cash, cash equivalents, and restricted cash, beginning of period		8,255,072			8,811,113			1,315,465			6,774,266			8,759,947			1,307,826
Cash, cash equivalents, and restricted cash, end of period		7,836,700			10,730,226			1,601,981			7,836,700			10,730,226			1,601,981