QFIN - 360 DigiTech reports Q2 earnings; reaffirms FY22 loan facilitation & origination volume guidance

• 360 DigiTech press release ( NASDAQ: QFIN ): Q2 Non-GAAP EPADS of $0.96.
• Revenue of $624.5M (+0.8% Y/Y).
• Operating margin was 24.2%. Non-GAAP operating margin was 25.3%.
• Net income margin was 23.3%. Non-GAAP net income margin was 24.4%.
• 90 day+ delinquency rate of loans originated by financial institutions across our platform was 2.62% as of June 30, 2022.
• As of June 30, 2022, our platform has connected 133 financial institutional partners and 197.9M consumers with potential credit needs, cumulatively, an increase of 12.5% from 175.9M a year ago.
• Cumulative users with approved credit lines were 41.3M as of June 30, 2022, an increase of 19.0% from 34.7M as of June 30, 2021.
• The company would like to maintain its outlook for loan facilitation and origination volume for 2022 at between RMB410 billion and RMB450 billion, representing Y/Y growth of 15% to 26%.

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