.August 14, 2024 04:35:09 AM

Qifu Technology, a leading Credit-Tech platform in China, has reported significant growth in its user base and financial metrics despite a decrease in loan volume. The company saw a 12.2% increase in connected consumers and a 13.0% increase in users with approved credit lines. Total net revenue reached RMB4,160.1 million (US$572.4 million), showcasing the company’s ability to generate profit. Qifu Technology projects a net income between RMB1.50 billion and RMB1.60 billion for the third quarter of 2024, highlighting a positive outlook for continued growth.