By Kelly Cloonan

American depository receipts of Qfin Holdings declined after the company posted lower quarterly profit, citing adjustments to its operations to cope with economic uncertainty and regulatory changes.

The ADRs declined 13% to $19.50 in after-hours trading. Through the market close the ADRs are down 42% this year.

The Chinese credit technology company on Tuesday posted a profit of 1.44 billion Chinese Yuan ($202.6 million), or CNY10.80 per ADR, compared with CNY1.8 billion, or CNY12.18 per ADR, a year earlier.

Revenue rose to CNY5.21 billion compared with CNY4.37 billion a year ago. Analysts expected CNY5.05 billion.

Chief Executive Haisheng Wu said the end of the quarter was challenging as the company adjusted its operations as it faces economic uncertainties and regulatory changes.

"We continued to see further fluctuation in overall risk levels as liquidity issues in high-risk segments caused ripple effect across the consumer finance industry, despite our effort to mitigate the risks by tightening risk standards in the middle of the quarter," Wu said.

The company said it intends to prioritize risk control for the time being and plan its business prudently for the next couple of quarters.

For the fourth quarter, Qfin forecasts net income of CNY920 million to CNY1.12 billion.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

November 18, 2025 18:30 ET (23:30 GMT)

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