Qfin Experiences a 10.9% Decline

Weak Financial Performance: Qfin Holdings Inc. reported a 0.2% decline in revenue and a 17% drop in net profit for the third quarter, marking its first revenue contraction in over two years, and issued a bearish outlook for the remainder of the year.

Regulatory Challenges: The company faces increased regulatory scrutiny that is expected to impact its loan facilitation business, as new rules emphasize risk management and may limit loan growth.

Rising Default Risks: Qfin's provisions for bad loans surged due to an increase in delinquent loans, reflecting the broader economic challenges in China, where consumer and business borrowing has decreased.

Market Reaction: Following the disappointing quarterly results, Qfin's stock fell significantly, underperforming the market, as investors remain cautious due to the company's high exposure to regulatory and economic changes.

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