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Announced! Zhou Hongyi resigns

2024-08-14

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【Introduction】Zhou Hongyi resigns as Chairman of Chifu Technology

China Fund News reporter Yishan

On August 14, Hong Kong-listed companiesQifu TechnologyAt the same time as the financial report was released, it was announced that Zhou Hongyi had resigned as chairman of the company.

Zhou Hongyi resigns as Chairman of Chifu Technology

Qifu TechnologyThe announcement showed that Zhou Hongyi resigned as director and chairman of the board of directors of the company due to personal reasons. Qifu TechnologyThe Board of Directors has approved the appointment Zhao FanAs Chairman of the Board of Directors, and approves the appointment Liu XianggeAs an independent director of the Board, effective August 13, 2024.


Zhou Hongyi has served as a director of QiFu Technology since its establishment, and has also served as chairman of the board since September 2018 until he announced his resignation a few days ago.

Wu Haisheng, CEO and director of Qifu Technology, said that Zhou Hongyi played a pivotal role in the company's establishment and provided important insights for the further development of the company's business. He would like to express his sincere gratitude for his valuable contributions to the company during his tenure.

The resume information shows thatNew Chairman of the Board Zhao FanHe has served as an independent director of Qifu Technology since January 2023. Prior to that, he founded Beijing Fengye Fanda Investment Consulting Co., Ltd. in 2000 and served as the company's chairman. From 2002 to 2018, he founded Sunbridge International Holdings Limited and served as the company's chairman.

Second quarter revenue and net profit both increased

Data shows thatQifu Technology was formerly known as 360 Digital Technology, will be listed on the Hong Kong Stock Exchange in November 2022. Renamed to Qifu Technology in April 2023The company is an AI-driven credit technology service platform that provides financial technology services mainly through intelligent services, AI research and application, and security technology. This year, Qifu Technology also upgraded its product 360 Borrowing App to Qifu Borrowing.

Financial report data released on August 14 showed that in the second quarter of this year, QiFu Technology achieved revenue of 4.16 billion yuan, a year-on-year increase of 6.28%; net profit was 1.377 billion yuan, a year-on-year increase of 25.9%; adjusted net profit was 1.413 billion yuan, a year-on-year increase of 23.2%.

Qifu Technology said that in the second quarter of this year, financial institution partners initiated more than 19.11 million loans through the platform, with a total loan size of 95.425 billion yuan, a decrease of 23.2% from the same period in 2023. According to the official website, Qifu Technology's current partners include China Everbright Bank, Bank of Nanjing, and China Zheshang Bank.

In the third quarter of 2024, QiFu Technology expects to generate a net profit of 1.5 billion to 1.6 billion yuan and a non-GAAP net profit of 1.55 billion to 1.65 billion yuan, a year-on-year increase of 31% to 40%.

On August 14, QiFu Technology’s share price was HK$84.45, up 6.9%, and its latest market value was HK$27.6 billion.


Editor: Joey

Review: Xu Wen

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