奇富科技的“增收困局”:借款人多了,利润却没了

科技Nice
Nov 25, 2025

作者 / 丛杰出品 / 科技Nice(Tech-Nice)在美股市场的寒风中,周鸿祎麾下的金融科技巨头——奇富科技(原360数科)正经历着一场严峻的价值重估。短短两个交易日内,其股价累计重挫近20%,市值缩水至不足24亿美元,相较于今年3月的高点,已蒸发超过60%。资本市场的恐慌性抛售,直接源于一份看似增长实则隐忧重重的第三季度财报。这份财报揭示了一个尴尬的现实:尽管借钱的人变多了,公司的营收规模...

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