SHANGHAI, China, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) ("Qfin Holdings" or the "Company"), a leading AI-empowered Credit-Tech platform in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2026 and declared its semi-annual dividend.

Second Quarter 2026 Business Highlights

   -- As of June 30, 2026, our platform has connected 168 financial 
      institutional partners and 301.8 million consumers*1 with potential 
      credit needs, cumulatively, an increase of 9.4% from 275.8 million a year 
      ago. 
 
   -- Cumulative users with approved credit lines*2 were 65.6 million as of 
      June 30, 2026, an increase of 9.0% from 60.2 million as of June 30, 2025. 
 
   -- Cumulative borrowers with successful drawdown, including repeat borrowers, 
      was 39.9 million as of June 30, 2026, an increase of 8.5% from 36.8 
      million as of June 30, 2025. 
 
   -- In the second quarter of 2026, financial institutional partners 
      originated 11,554,533 loans*3 through our platform. 
 
   -- Total facilitation and origination loan volume*4 was RMB63,377 million, a 
      decrease of 25.1% from RMB84,609 million in the same period of 2025. 
      RMB31,343 million of such loan volume was under capital-light model, 
      Intelligence Credit Engine ("ICE") and total technology solutions*5, a 
      decrease of 10.5% from RMB35,032 million in the same period of 2025. 
 
   -- Total outstanding loan balance*6 was RMB107,562 million as of June 30, 
      2026, a decrease of 23.2% from RMB140,080 million as of June 30, 2025. 
      RMB53,983 million of such loan balance was under capital-light model, 
      "ICE" and total technology solutions, a decrease of 24.5% from RMB71,530 
      million as of June 30, 2025. 
 
   -- The weighted average contractual tenor of loans originated by financial 
      institutions across our platform in the second quarter of 2026 was 
      approximately 11.6 months, compared with 10.3 months in the same period 
      of 2025. 
 
   -- 90 day+ delinquency rate*7 of loans originated by financial institutions 
      across our platform was 2.83% as of June 30, 2026. 
 
   -- Repeat borrower contribution*8 of loans originated by financial 
      institutions across our platform for the second quarter of 2026 was 
      89.4%. 

(1 Refers to cumulative registered users across our platform.)

(2 "Cumulative users with approved credit lines" refers to the total number of users who had submitted their credit applications and were approved with a credit line at the end of each period.)

(3 Including 742,821 loans across "V-pocket", and 10,811,712 loans across other products.)

(4 Refers to the total principal amount of loans facilitated and originated during the given period.)

5 "ICE" is an open platform primarily on our "Qifu Jietiao" APP (previously known as "360 Jietiao"), we match borrowers and financial institutions through big data and cloud computing technology on "ICE", and provide pre-loan investigation report of borrowers. For loans facilitated through "ICE", the Company does not bear principal risk.

(Under total technology solutions, we have been offering end-to-end technology solutions to financial institutions based on on-premise deployment, SaaS or hybrid model since 2023.)

(6 "Total outstanding loan balance" refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, excluding loans delinquent for more than 180 days.)

(7 "90 day+ delinquency rate" refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform as of a specific date. Loans that are charged-off and loans under "ICE" and total technology solutions are not included in the delinquency rate calculation.)

8 "Repeat borrower contribution" for a given period refers to (i) the principal amount of loans borrowed during that period by borrowers who had historically made at least one successful drawdown, divided by (ii) the total loan facilitation and origination volume through our platform during that period.

Second Quarter 2026 Financial Highlights

   -- Total net revenue was RMB3,566.6 million (US$525.6 million), compared to 
      RMB3,909.3 million in the prior quarter. 
 
   -- Net income was RMB401.4 million (US$59.2 million), compared to RMB879.8 
      million in the prior quarter. 
 
   -- Non-GAAP*9 net income was RMB454.9 million (US$67.0 million), compared to 
      RMB945.9 million in the prior quarter. 
 
   -- Net income per fully diluted American depositary share ("ADS") was 
      RMB3.28 (US$0.48), compared to RMB7.16 in the prior quarter. 
 
   -- Non-GAAP net income per fully diluted ADS was RMB3.72 (US$0.55), compared 
      to RMB7.70 in the prior quarter. 

(9 Non-GAAP income from operations, Non-GAAP net income, Non-GAAP net income attributed to the Company, Non-GAAP operating margin, Non-GAAP net income margin and Non-GAAP net income per fully diluted ADS are Non-GAAP financial measures. For more information on these Non-GAAP financial measures, please see the section of "Use of Non-GAAP Financial Measures Statement" and the table captioned "Unaudited Reconciliations of GAAP and Non-GAAP Results" set forth at the end of this press release.)

Mr. Haisheng Wu, Chief Executive Officer and Director of Qfin Holdings, commented, "In the second quarter, we navigated a challenging market environment marked by continued industry contraction, tighter regulatory oversight, and a sudden industry-wide liquidity shock in late June. Despite these headwinds, we made steady progress in solidifying our user base, refining our risk models, and enhancing operational efficiency, and delivered improved risk and operational metrics.

"Looking ahead, we expect industry adjustments to continue, with funding conditions and risk management likely to remain under pressure. In response, we will adopt an even more prudent approach to growth, risk, and capital allocation to preserve our resilience through the cycle.

"We are advancing our overseas expansion strategy with discipline, carefully calibrating risk and capital deployment to ensure attractive returns. At the same time, we are transforming into an AI-native organization--not only to drive efficiency, but to create lasting organizational leverage.

"As the industry undergoes its inevitable shakeout, we are confident that our disciplined approach will position us not just to endure, but to emerge stronger after the dust settles in the future."

"As industry adjustment deepens and market volatility increases, we maintained an unwavering focus on asset quality and operational efficiency. In the quarter, total net revenue reached RMB3.57 billion, with Non-GAAP net income of RMB454.9 million," Mr. Alex Xu, Chief Financial Officer, commented. "We generated RMB1.1 billion in cash from operations. Total cash(*10) and short-term investment stood at approximately RMB10.6 billion at the end of the second quarter. Our strong financial position gives us the flexibility to navigate this challenging market environment and advance our long-term growth strategy. At the same time, we are taking a more prudent approach to capital deployment, with a continued focus on operational refinement to drive better efficiency."

Mr. Yan Zheng, Chief Risk Officer, added, "In this quarter, we delivered steady improvement in our risk metrics, reflecting our ongoing efforts to adapt and strengthen our risk strategies amid shifting market conditions. Among key leading indicators, Day-1 delinquency rate(*11) was 5.6% in the second quarter, and 30-day collection rate(*12) was 88.1%. In recent months, with industry-wide funding constraints driving up risk volatility, we are responding decisively--tightening our risk standards, upgrading our user mix, and fine-tuning our collection efforts to reduce our overall risk exposure."

(10 Including "Cash and cash equivalents", "Restricted cash" and "Security deposit prepaid to third-party guarantee companies".)

11 "Day-1 delinquency rate" is defined as (i) the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that was due for repayment as of such specified date.

12 "30-day collection rate" is defined as (i) the amount of principal that was repaid in one month among the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that became overdue as of such specified date.

Second Quarter 2026 Financial Results

Total net revenue was RMB3,566.6 million (US$525.6 million), compared to RMB5,215.9 million in the same period of 2025, and RMB3,909.3 million in the prior quarter.

Net revenue from Credit Driven Services was RMB2,596.7 million (US$382.7 million), compared to RMB3,565.5 million in the same period of 2025, and RMB2,957.4 million in the prior quarter.

Loan facilitation and servicing fees-capital heavy were RMB74.4 million (US$11.0 million), compared to RMB460.9 million in the same period of 2025 and RMB136.2 million in the prior quarter. The year-over-year and sequential decreases were primarily due to lower capital-heavy loan facilitation volume.

Financing income(*) (13) was RMB1,839.9 million (US$271.2 million), compared to RMB2,205.0 million in the same period of 2025 and RMB2,021.6 million in the prior quarter. The year-over-year decrease was primarily due to lower loan pricing, partially offset by growth in the average outstanding balance of on-balance-sheet loans. The sequential decrease was mainly driven by declines in both the average outstanding balance and pricing of on-balance-sheet loans.