360 DigiTech, Inc. Q2 2025 Earnings Recap

Qfin Holdings reported robust Q2 2025 performance, with a 30.8% increase in non-GAAP net income and a 16% rise in loan facilitation volume year-over-year, demonstrating resilience amid external challenges.

Key Takeaways

• Total loan facilitation volume reached RMB 84.6 billion, up 16% year-over-year.
• Non-GAAP net income grew 30.8% to RMB 1.85 billion, with non-GAAP EPADS rising 48.8% to RMB 13.63.
• The company enhanced its risk management approach, achieving a 5% reduction in First Payment Default rates for new loans from May to June.
• New credit line users surged 40% year-over-year to 1.79 million, primarily driven by embedded finance initiatives.
• Qfin's ABS issuance rose 70% year-over-year to RMB 7.8 billion, contributing to lower overall funding costs.