Qfin Holdings (QFIN) Soars 38% This Week as Profits Skyrocket

Qfin Holdings Inc. (NASDAQ:QFIN) is one of the 10 Stocks With Effortless 38-78% Gains.

Qfin Holdings saw its share prices jump by 38 percent, as investor sentiment was boosted by its stellar earnings performance in the first quarter of the year, with profits soaring by more than double.

Earlier in the week, Qfin Holdings Inc. (NASDAQ:QFIN) said that it was able to grow its net income attributable to shareholders by 104 percent to 1.8 billion yuan from 883 million yuan in the same period last year, while total revenues increased by 20 percent to 4.69 billion yuan from 3.9 billion yuan year-on-year.

Photo by Tima Miroshnichenko on Pexels

“In the first quarter, the industry continued to undergo deep adjustments while regulations tightened further. Yet we withstood the pressure. Through proactive efforts to tighten our credit standards, optimize our loan portfolio, and streamline operations, we demonstrated strong resilience, achieving improved risk performance and other operational metrics. More importantly, as we expand our user base to serve more high-quality customers, we are building a more sustainable business model capable of navigating cycles,” Qfin Holdings Inc. (NASDAQ:QFIN) CEO Haisheng Wu said.

“Looking ahead, near-term uncertainties are likely to persist, and industry participants continue to adjust operations to reflect the changing regulatory environment. However, as the industry landscape reshapes, we believe the entire ecosystem of the consumer finance market will become healthier and more efficient, which should be more conducive to our long-term development,” he noted.

For the second quarter, Qfin Holdings Inc. (NASDAQ:QFIN) expects net income to end at 830 million to 910 million yuan, and non-GAAP net income of 900 million to 980 million yuan, or an implied decline of 47 to 51 percent year-on-year.

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