Qifu Technology (NASDAQ: QFIN; HKEX: 3660) announced its unaudited financial results for the fourth quarter and the full year of 2025 on March 18. The report indicates that the company maintained stable overall operations throughout 2025. The outstanding loan balance at the end of the fourth quarter decreased by 8.8% compared to the previous quarter. For the full year, the total facilitated loan volume achieved modest growth, meeting the company's previously issued performance guidance to the market.

As of December 31, 2025, Qifu Technology had cumulatively served 167 financial institutions. The number of registered users reached 290 million, an increase of 11.5% year-over-year. The cumulative number of users granted credit lines grew to 63.6 million, up 11.8% from the previous year. The total number of borrowing users also increased to 38.9 million, reflecting a 13.0% year-over-year rise. In the fourth quarter, the platform facilitated loans totaling RMB 70.3 billion, representing a quarter-over-quarter decrease of 15.6% and a year-over-year decline of 21.8%. The outstanding loan balance as of December 31, 2025, was RMB 1.2601 trillion, down 8.8% from the end of the previous quarter and down 8% compared to the same period last year. For the full year 2025, Qifu Technology facilitated loans amounting to RMB 3.2707 trillion, a slight increase of 1.6% year-over-year. The repeat borrowing rate stood at 93.3%. Amid a fluctuating industry environment, the company actively adapted to regulatory policies, prioritizing compliance and risk management, which fully demonstrated the operational resilience of the platform.

Regarding financial performance, fourth-quarter revenue was RMB 4.09 billion, down 8.7% year-over-year. Non-GAAP net profit reached RMB 1.07 billion, a decrease of 45.7% compared to the same quarter last year. Non-GAAP EPADS (diluted earnings per ADS) was RMB 8.23, down 39.8% year-over-year. For the full year 2025, the company generated revenue of RMB 19.2 billion. Non-GAAP net profit was RMB 6.35 billion, a slight decrease of 1.0% year-over-year, achieving the company's earlier market guidance. Full-year Non-GAAP EPADS was RMB 46.8, an increase of 10.4% compared to 2024.

In 2025, Qifu Technology's technology output business experienced explosive growth, with full-year loan volume surging approximately 448% year-over-year. The business balance at year-end reached RMB 11.7 billion, successfully elevating the scale of this business segment to a new level.

Qifu Technology's CEO, Wu Haisheng, stated that macroeconomic uncertainties in the fourth quarter led to tighter industry liquidity and elevated risks. The company responded by enhancing risk control measures and adjusting its business and cost structure. It continues to expand into overseas markets to promote business diversification. Moving forward, the company will continue to strengthen the resilience of its core business.

CFO Xu Zuoli stated that the company achieved most of its operational and financial targets in the fourth quarter. For 2025, operating cash flow, cash reserves, and shareholder returns all demonstrated stability. This solid financial foundation will support the company in navigating market challenges and achieving its strategic objectives.

Chief Risk Officer Zheng Yan indicated that, affected by the external environment, asset risk levels increased in the fourth quarter. The company has tightened its risk controls, and the risk associated with recently issued loans has shown marginal improvement.