Qifu Technology (Nasdaq: QFIN; HKEX: 3660) released its unaudited financial results for the second quarter of 2026 on August 26. Amid ongoing industry adjustments, the company maintained a prudent operational approach while dedicating efforts to structural optimization, strengthening its buffer to navigate through uncertain industry cycles.
The company continued to solidify its user base, refine risk models, and enhance operational efficiency, with risk metrics and operational indicators improving further during the quarter. As of June 30, 2026, Qifu Technology had served 168 financial institutions cumulatively, with registered users reaching 302 million, up 9.4% year-over-year. Accumulated credit-approved users grew to 65.6 million, an increase of 9.0% year-over-year, while cumulative borrowing users reached 39.9 million, up 8.5% year-over-year.
During the second quarter of 2026, the company facilitated loan origination of RMB 63.4 billion, representing a sequential decline of 2.5%. As of June 30, 2026, the loan balance stood at RMB 107.6 billion, down 6% from the end of the previous quarter. In terms of financial performance, Qifu Technology generated revenue of RMB 3.57 billion in the second quarter, down 8.7% quarter-over-quarter. Operating profit reached RMB 1.16 billion, up 18.5% sequentially, while Non-GAAP net profit was RMB 450 million, reflecting a 52.4% decline quarter-over-quarter. Operating cash flow for the period amounted to RMB 1.1 billion, and the company held approximately RMB 10.6 billion in cash and short-term investments by the end of the quarter.
In its new business segment, the technology solutions arm continued its growth trajectory. For the second quarter of 2026, loan origination through this business reached RMB 10.52 billion, representing a 515% increase year-over-year, with the scale of technology-enabled cooperation expanding steadily. Additionally, the company secured contracts for intelligent agent development projects with two banks, covering both marketing growth and credit risk management applications.
Wu Haisheng, Chief Executive Officer of Qifu Technology, stated that in the second quarter, the company proactively responded to severe market conditions marked by continued industry contraction and a sudden industry-wide liquidity shock in late June. The company worked to consolidate its user foundation, refine risk models, and improve operational efficiency, driving further improvements in risk control performance and operational metrics. Looking ahead, the company will more prudently balance business growth, risk management, and capital allocation, while executing its overseas expansion strategy with a high degree of discipline and careful consideration of risk and capital investment to ensure favorable returns.
Xu Zuoli, Chief Financial Officer, commented that amid deepening industry adjustments and intensifying market volatility, the company remains committed to prioritizing asset quality and operational efficiency. A solid financial position allows the company to respond flexibly to the current challenging market environment while continuing to advance its long-term growth strategy. Concurrently, the company has adopted a more cautious approach to capital allocation, focusing on refined operations to further enhance overall efficiency.
Zheng Yan, Chief Risk Officer, noted that during the quarter, the company's risk indicators improved steadily, reflecting the effectiveness of its efforts to adapt to changing market conditions and continuously strengthen risk control strategies. Among key leading indicators, the first-day delinquency rate stood at 5.6%, while the 30-day recovery rate reached 88.1%. In recent months, tighter industry funding conditions have intensified risk fluctuations, and the company has responded decisively by tightening risk control standards, optimizing user mix, and refining collection strategies to reduce overall risk exposure.