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Stock impact report

360 Finance Announces Fourth Quarter and Full Year 2019 Unaudited Financial Results

Qifu Technology, Inc - American Depositary Shares (QFIN) 
Company Research Source: GlobeNewswire
SHANGHAI, China, March 27, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter Operational Highlights Loan origination volume*1 was RMB53,121 million, representing an increase of 60.9% from RMB33,008 million in the same period of 2018.Outstanding loan balance*2 was RMB72,155 million as of December 31, 2019, an increase of 67.5% from RMB43,077 million as of December 31, 2018, and an increase of 2.2% from RMB70,568 million as of September 30, 2019.The weighted average tenor of loans*3 originated in the fourth quarter of 2019 was approximately 7.38 months, compared with 8.37 months in the same period of 2018, and 7.90 months in the third quarter of 2019.Cumulative registered users was 135.01 million, an increase of 71.3% from 78.80 million as of December 31, 2018, and an increase of 7. Show less Read more
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