Qifu Technology Surpasses Expectations with 59.9% Year-Over-Year Increase in Non-GAAP Net Income
Qifu Technology, a leading player in the fintech industry, has announced impressive results for its first quarter of 2025. The company's earnings conference call revealed that it had achieved a significant increase in non-GAAP net income, with a staggering 59.9% year-over-year growth to RMB 1.93 billion.
According to Mr. Wu Haisheng, the CEO of Qifu Technology, the company has been able to deliver high-quality growth despite the complex and volatile environment. He attributed this success to the prudent operations and leveraging AI to reshape the credit value chain.
The company's AI-powered credit decision engine and asset distribution platform have empowered a total of 163 financial institutions and served more than 58 million users with approved credit lines on a cumulative basis. This represents a significant milestone for Qifu Technology, demonstrating its commitment to innovation and customer satisfaction.
One of the key highlights of the quarter was the increase in total loan facilitation and origination volume on the company's platform, which rose by 15.8% year-over-year. This growth is a testament to the effectiveness of Qifu Technology's credit decision engine and asset distribution platform.
In terms of operational efficiency, the company's take rate for the quarter reached 5.7%, up 2.2 percentage points year-over-year. This improvement in efficiency has enabled Qifu Technology to deliver better results while maintaining a stable risk profile.
Qifu Technology's commitment to AI-driven innovation is evident in its plans to recruit an additional 100 algorithm engineers by the end of the year and accelerate its transformation into an AI-native organization. The company has also established its deep bank division, which is driving research and development of AI+ bank agent products to support the intelligent upgrade of financial institutions.
Another notable achievement was the introduction of an internal AI agent platform and deployment of 5 digital employees across key functions such as data analytics, operations, compliance, risk management strategy, and financial reconciliation. This has enabled Qifu Technology to optimize its decision-making processes and enhance efficiency.
The company's focus on risk management is also evident in the pilot testing of an end-to-end risk management framework powered by large language models. The results showed a notable improvement in AUC area on the curve to 0.64, demonstrating the effectiveness of Qifu Technology's risk tiering ability.
Qifu Technology's commitment to innovation and customer satisfaction is evident in its continued investment in AI-driven technologies and its focus on delivering high-quality growth despite macroeconomic headwinds.
