On August 14th, Qifu Technology (HK03660, stock price HKD 83.8, market value HKD 27.28 billion) announced that Zhou Hongyi has resigned as a director and chairman of the board due to personal reasons. The board of directors has approved the appointment of Zhao Fan as the chairman of the board and the appointment of Liu Xiangge as an independent director of the board, effective from August 13, 2024.
According to the resume, Zhao Fan obtained a Bachelor's degree in Mechanical Engineering from Beijing University of Architecture and Technology in 1982; In 2002, he obtained a Master's degree in Business Administration from Lawrence Technological University in the United States; From 1990 to 1993, I worked as a visiting scholar at the University of Copenhagen in Denmark for three years.
Zhao Fan founded Beijing Maple Leaf Fanda Investment Consulting Co., Ltd. in 2000 and served as its chairman. Since 2004, he has served as a director of Beijing Haiziman Piano Co., Ltd. He founded Sunbridge International Holdings Limited from 2002 to 2018 and served as its chairman. Starting from January 2023, Ren Qifu Technology will become an independent director.
On August 14th, Qifu Technology also released its latest financial data. In the second quarter of this year, the company achieved a total net income of 4.16 billion yuan, a year-on-year increase of 6.28%; Net profit was 1.377 billion yuan, a year-on-year increase of 25.9%; The net profit attributable to ordinary shareholders of the company was 1.381 billion yuan, a year-on-year increase of 25.8%.
It is worth noting that in the past three years, Qifu Technology has achieved a total net profit attributable to the parent company of over 14 billion yuan, and the gross profit margin has remained above 80%.
From 2021 to 2023, Qifu Technology's operating revenue was 16.64 billion yuan, 16.55 billion yuan, and 16.29 billion yuan, respectively; The net profits attributable to the parent company were 5.782 billion yuan, 4.024 billion yuan, and 4.285 billion yuan, respectively.
Public information shows that Qifu Technology is an AI driven credit technology service platform that provides financial technology services through intelligent services, AI research and application, security technology, and more. Zhou Hongyi is the ultimate controller of Qifu Technology, holding a 13.20% stake.
According to the official website, Qifu Technology was formerly known as 360 Financial Group.
In July 2016, 360 Financial Group was established; In December 2018, 360 Financial was officially listed on the NASDAQ exchange in the United States; In August 2020, the "360 Finance" brand was officially upgraded to "360 DigiTech";
In November 2022, 360 Digital Science was successfully listed on the Hong Kong Stock Exchange; In February 2023, the "360 Digital Science" brand was officially renamed as Qifu Technology.
It is worth noting that the original 360 IOU and 360 Turnover Ling are both products under Qifu Technology. In July 2024, its product 360 Debit Note App was upgraded to Qifu Debit Note.
As of press time, the Hong Kong stock price of Qifu Technology has risen by 6.08%.