Qifu Technology, Inc., through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People’s Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. The company also offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. The company was founded in 2016 and is headquartered in Shanghai, the People’s Republic of China.
Qifu market cap is 3.19B
P/E ratio 4.32 (projected)
Revenue is 16.29B
and the company has a 26% profit margin
QFIN is a undervalued chinese growth stock projected to rise in the coming years. the Chinese business cycle is exiting a trough and is now in its recovery phase. This inspires confidence in freedom for growth companies to expand in a bullish chinese macro economy. With monetary policy in the western hemispheres still tightening to reduce inflation, investing in Chinese companies might be a way to hedge against this.
The demand for Qifu Technology’s services continues to increase.
Q4 report highlights show an increase in customers for their platform
The share repurchase plan is the current catalyst driving the price upward. I believe the stock will increase in value in the next year for the following factors: increasing revenue and increasing demand for their platforms, recovery of chinese macroeconomy, low P/E ratio, and high company profits despite undervalued stock price.
I want to your thoughts are regarding QFIN.