奇富科技(QFIN)
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Qifu Technology, Inc. (QFIN) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-05-30 21:50
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...
Qifu Technology, Inc. (QFIN) is a Great Momentum Stock: Should You Buy?
zacks.com· 2024-05-22 01:01
文章核心观点 - 文章讨论了动量投资策略,并特别关注了Qifu Technology, Inc.(QFIN),该公司目前具有A级的动量风格评分,并且拥有Zacks Rank 1(强买)评级。文章认为QFIN是一个有潜力的动量投资选择,其股价表现和盈利预测修订都显示出积极的趋势[2][4][12] 动量风格评分 - 动量风格评分包括股价变动和盈利预测修订等主要驱动因素[3] - Qifu Technology, Inc.(QFIN)目前具有A级的动量风格评分[2] Zacks Rank评级 - Qifu Technology, Inc.(QFIN)目前拥有Zacks Rank 1(强买)评级,研究表明,Zacks Rank 1和2的股票以及风格评分为A或B的股票在市场表现上优于其他股票[4] 股价表现 - QFIN的股价在过去一周上涨了3.05%,而同期Zacks技术服务行业上涨了1.1%。从更长的时间框架来看,QFIN的月度价格变动为12.14%,优于行业的1.68%[7] - 在过去的季度和年度中,QFIN的股价分别上涨了33.35%和37.79%,相比之下,S&P 500指数在这两个时期分别上涨了7.06%和28.36%[8] 交易量 - QFIN的20天平均交易量为1,141,284股,这是一个良好的价格-交易量基准[9] 盈利预测 - 在过去60天内,QFIN的全年盈利共识估计从$4.21增加到$17.20,下一财年的盈利预测也有所上调[11] 结论 - 鉴于上述因素,QFIN作为Zacks Rank 1(强买)股票并拥有A级动量评分,是一个值得关注的投资选择[12]
奇富科技:Net take rate同环比均提升,侧重增长质量
交银国际证券· 2024-05-21 15:32
公司投资评级 - 奇富科技的投资评级为“买入”,目标价为25.80美元,潜在涨幅为21.1%[1] 报告的核心观点 - 奇富科技的盈利实现较好增长,1Q24归母净利润同比/环比增长24.6%/4.7%,Non-GAAP净利润同比/环比增长23.4%/4.7%。净收入同比增长15.4%,环比下降7.6%,主要由于促成贷款环比下降16.6%[1] - 促成贷款同比下降,轻资产模式占比显著提升。1Q24促成贷款同比下降9.3%,其中轻资本模式促成贷款同比下降1.4%,轻资本模式占促成贷款的61%,同比环比均显著提升[1] - 资产质量环比基本保持稳定,90天违约率3.35%,连续2个季度环比提升。入催率4.9%,30天回收率85.1%,环比略有改善[1] - Net take rate呈提升态势,获客成本环比显著改善。1Q24年化net take rate为3.5%,同比提升60个基点,环比提升30个基点。获客成本为285元,同比持平,环比下降12.6%[1] - 维持买入评级,虽然1季度促成贷款下降,但表内贷款和ICE模式轻资产业务仍增长强劲,盈利同比环比均实现增长,体现出公司淡化规模,更加注重利润和增长质量[1] 根据相关目录分别进行总结 财务数据一览 - 奇富科技的收入和净利润呈现增长趋势。2022年至2026年,收入从16,554百万人民币增长到20,525百万人民币,净利润从4,024百万人民币增长到6,133百万人民币[2] - 每股盈利和市盈率也呈现增长趋势。2022年至2026年,每股盈利从26.2人民币增长到41.3人民币,市盈率从6.2倍下降到3.9倍[2] 季度经营数据和财务数据 - 奇富科技的促成贷款和贷款余额在不同季度有所波动。1Q22至1Q24,促成贷款从99十亿元下降到99十亿元,贷款余额从147十亿元下降到170十亿元[4] - 轻资产模式占比逐渐提升。1Q22至1Q24,轻资产模式占促成贷款的比重从54.0%提升到61.0%,轻资产模式占余额比重从53.7%提升到63.3%[4] 年度主要财务指标及交银国际预测 - 奇富科技的促成贷款和净收入呈现增长趋势。2020年至2026年,促成贷款从246,757百万人民币增长到521,119百万人民币,净收入从13,564百万人民币增长到20,525百万人民币[5] - 归母净利润和Non-GAAP净利润也呈现增长趋势。2020年至2026年,归母净利润从3,497百万人民币增长到6,133百万人民币,Non-GAAP净利润从3,798百万人民币增长到6,409百万人民币[5] 交银国际假设及预测变动 - 奇富科技的促成贷款增速和信用成本假设有所下调。2024E和2025E的促成贷款增速从6.4%和10.9%下调到-3.0%和6.5%,Net take rate从3.60%和3.98%上调到3.61%和4.02%[5] 财务数据 - 奇富科技的损益表显示,信贷驱动服务和平台服务的收入呈现增长趋势。2022年至2026年,信贷驱动服务从11,586百万人民币增长到14,270百万人民币,平台服务从4,968百万人民币增长到6,255百万人民币[6] - 资产负债表显示,总资产和总负债呈现增长趋势。2022年至2026年,总资产从40,343百万人民币增长到54,865百万人民币,总负债从21,412百万人民币增长到26,898百万人民币[6]
QFIN(QFIN) - 2024 Q1 - Earnings Call Transcript
2024-05-21 01:45
财务数据和关键指标变化 - 总营收同比增长15.4%至42亿元,净利润率提升至3.5% [9] - 非GAAP净利润同比增长23.4%至12亿元,每股非GAAP净收益同比增长28%至7.58元 [10] - ROE达到约22%,大幅领先行业 [10] 各条业务线数据和关键指标变化 - 信贷驱动服务(资产负债型)营收30亿元,同比增长15.4% [28] - 平台服务(轻资产型)营收11亿元,同比增长13.5% [30] - 信贷驱动服务和平台服务的收益率均有所提升 [31] 各个市场数据和关键指标变化 - 新增信用额度用户145万,同比下降15% [32] - 新增用户获客成本下降12% [16] - 嵌入式金融渠道新增用户占比提升至36.4% [17] 公司战略和发展方向 - 公司战略调整为追求质量增长和提高盈利能力 [7][23] - 加强风险管理,优化资产结构,提高资产质量和盈利能力 [9][10][11] - 探索更开放的平台模式,促进用户和金融机构的高效对接 [23][24] 管理层对经营环境和未来前景的评论 - 宏观经济环境仍存在不确定性,但公司有信心通过优化资产结构和提高运营效率来应对 [23][27] - 政府出台一系列支持房地产行业的政策,有利于稳定实体经济和提振用户信心 [58] - 公司将根据宏观经济和用户需求的变化,及时调整贷款投放节奏 [58] 问答环节重要的提问和回答 问题1 **Chiyao Huang 提问** - 对贷款规模和风险情况的展望 [51][52][53][54][55][56][57] - 对收益率提升的信心 [60][61][62][63][64][65] **Wu Haisheng 和 Zheng Yan 回答** - 宏观信贷需求尚未完全恢复,公司将保持谨慎的信贷标准 [52][53][54][55][56][57] - 通过优化风险管理、降低融资成本、提高资产配置效率等措施,有信心进一步提升收益率 [60][61][62][63][64][65] 问题2 **Emma Xu 提问** - 资产质量的改善趋势 [67][68][69][70][71] - 股票回购的执行进度 [72][73] **Zheng Yan 和 Alex Xu 回答** - 各项风险指标已呈现改善趋势,预计Q2将进一步优化 [68][69][70][71] - 股票回购执行进度超预期,未来将保持较快的回购节奏 [72][73] 问题3 **Alex Ye 提问** - 融资成本的进一步下降空间 [80][81][82] - 提前还款率的变化情况 [81][82][83] **Wu Haisheng 和 Alex Xu 回答** - 融资成本有望进一步下降,主要受益于ABS发行规模扩大和资产配置效率提升 [80][81][82] - 提前还款率保持相对稳定,公司采取多项措施进行管控 [82][83]
QFIN(QFIN) - 2024 Q2 - Quarterly Report
2024-05-20 18:02
Exhibit 99.1 Qifu Technology Announces First Quarter 2024 Unaudited Financial Results Shanghai, China, May 19, 2024, Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights • As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers with potential credi ...
Qifu Technology Announces First Quarter 2024 Unaudited Financial Results
Newsfilter· 2024-05-20 06:00
SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ:QFIN, HKEx: 3660))) ("Qifu Technology" or the "Company"), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers*1 with potential credit needs, cumulatively, an increase of 12.5% from 214.5 million a y ...
Qifu Technology Announces First Quarter 2024 Unaudited Financial Results
globenewswire.com· 2024-05-20 06:00
SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Business Highlights As of March 31, 2024, our platform has connected 159 financial institutional partners and 241.4 million consumers*1 with potential credit needs, cumulatively, an increase of 12.5% from 214.5 million a ye ...
Qifu Technology, Inc. (QFIN) Upgraded to Strong Buy: Here's Why
zacks.com· 2024-05-18 01:01
Qifu Technology, Inc. (QFIN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following year ...
Qifu Technology (QFIN) to Report Q1 Earnings: What to Expect?
Zacks Investment Research· 2024-05-16 02:11
业绩预测 - Qifu Technology, Inc.将于5月20日发布2024年第一季度业绩报告[1] - 预计本季度营收将达到5.989亿美元,同比增长14.3%[2] - 预计公司的净收入将受益于消费信贷需求强劲和资本轻模式下贷款促进和发起量的增长[3]
Should Value Investors Buy Qifu Technology, Inc. (QFIN) Stock?
Zacks Investment Research· 2024-05-15 22:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current ...