360 DigiTech Inc.

Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) announced its unaudited financial results for the second quarter and six months ended June 30, 2026, and declared a semi-annual dividend of US$0.23 per Class A ordinary share, or US$0.46 per ADS, payable to holders of record as of September 9, 2026. Total net revenue for the second quarter was RMB3,566.6 million (US$525.6 million), down from RMB5,215.9 million in the same period of 2025, while net income fell to RMB401.4 million (US$59.2 million) from RMB1,730.5 million, partly due to a non-recurring tax-related expense of approximately RMB500 million. Non-GAAP net income was RMB454.9 million (US$67.0 million), and the company guided third-quarter 2026 net income between RMB360 million and RMB460 million, reflecting a year-on-year decline of 67% to 73%. The company also appointed Prof. Dong Lou as an independent director, effective August 25, 2026, and provided an update on its share repurchase plan, having repurchased approximately 5.6 million ADSs for about US$234 million as of that date.

Qfin Holdings posted total net revenue of RMB3.91 billion in the first quarter of 2026, down from RMB4.09 billion in the prior quarter and RMB4.69 billion a year earlier. Non-GAAP net income fell 11.6% sequentially to RMB950 million, while loan facilitation and origination volume declined 7.5% to RMB65 billion. The 90-day delinquency rate rose to 3.5% from 2.71% in the fourth quarter, though the day-one delinquency rate improved to 5.7% from 6.1%. The company expects a year-on-year decline in non-GAAP net income between 47% and 51% for the second quarter of 2026, citing macro uncertainty and regulatory pressure.