QFIN-S initially fell by 10%, with last year's net profit dropping by 4.4% to 5.99 billion RMB

QFIN-S (03660.HK) opened down 6.77% this morning (19th), with the initial decline expanding to a drop of 10.4%, reaching a low of HKD 52.95. It is currently reported at HKD 53.9, down 8.8%, with a trading volume of 24,000 shares, involving HKD 1.2874 million.

QFIN-S announced its full-year results for the year ending December last year yesterday (18th), with a revenue of RMB 6.678 billion, a year-on-year decrease of 11.3%. The net profit attributable to ordinary shareholders was RMB 5.99 billion, a year-on-year decrease of 4.4%; earnings per share were HKD 22.48. For the second half of the year, a dividend of USD 0.39 per A-class ordinary share will be distributed, or USD 0.78 per American depositary share.

The CEO and Director of QFIN-S, Wu Haisheng, stated that due to the intertwining of regulatory policy changes and macroeconomic challenges, the entire industry has yet to stabilize, and the group will continue to maintain prudent business planning. Given that macro-level challenges and uncertainties still exist, the group will continue to strengthen the resilience of its core business. In the face of significantly changing external environments, the group will remain vigilant and decisively take measures when necessary to further enhance operational efficiency and optimize resource allocation